How Long Does It Take, What Degree Do You Need, and More
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Financial Managers
Financial Managers direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
What degree do you need
Bachelor’s Degree
One of the most common questions that we always get is what major or degree do I need to become Financial Managers or what courses do I need to take.
We also asked Financial Managers what did they major in college or university and here are the top 5 most popular majors that came up.
| Accounting and Finance |
| Accounting and Business Management |
| Finance |
| International Finance |
| Public Finance |
Financial managers typically have a bachelor’s degree in finance, accounting, economics, or business administration and 5 years or more of experience in another business or financial occupation, such as loan officer, accountant, auditor, securities sales agent, or financial analyst. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics.
How hard is it
You will need a considerable amount of work-related skill, knowledge or experience to be a Branch or Department Financial Manager. For example, an accountant must complete 4 years of college and work for several years in accounting to be considered qualified.
Careers in this difficulty category will usually need several years of work-related experience, on-the-job training, and/or vocational training. These careers usually involve coordinating, supervising, managing, or training others. Similar careers include sales managers, database administrators, chemists, and art directors.
License and certifications
Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who possess at least a bachelor’s degree, have 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.
Skills required
We asked other Financial Managers if they could only have 5 skills, what would they be. Here is what they said.
| 1. | Reading Comprehension what does this mean |
| 2. | Active Listening what does this mean |
| 3. | Speaking what does this mean |
| 4. | Critical Thinking what does this mean |
| 5. | Monitoring what does this mean |
= Hot in-demand that most employers are looking for
Knowledge required
Just like any other job, you will need certain know-hows to excel at your job. Financial Managers are generally very knowledgeable in these 5 key areas.
| 1. | Economics and Accounting what does this mean |
| 2. | Administration and Management what does this mean |
| 3. | Mathematics what does this mean |
| 4. | Customer and Personal Service what does this mean |
| 5. | English Language what does this mean |
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Learn more about Financial Managers
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| Job Description | |
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Related to Branch or Department Financial Managers Requirements
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