How Long Does It Take, What Degree Do You Need, and More.
What degree do you need
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|
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.
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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.
We asked other Financial Managers if they could only have 5 skills, what would they be. Here is what they said.
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.
plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.
direct daily operations, maintenance, or repair of landfill gas projects, including maintenance of daily logs, determination of service priorities, and compliance with reporting requirements.
plan, direct, or coordinate marketing policies and programs, such as determining the demand for products and services offered by a firm and its competitors, and identify potential customers. Develop pricing strategies with the goal of maximizing the firm's profits or share of the market while ensuring the firm's customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.
direct an organization's security functions, including physical security and safety of employees, facilities, and assets.
plan, direct, or coordinate the management or operation of farms, ranches, greenhouses, aquacultural operations, nurseries, timber tracts, or other agricultural establishments. May hire, train, or supervise farm workers or contract for services to carry out the day-to-day activities of the managed operation. May engage in or supervise planting, cultivating, harvesting, financial, or marketing activities.
Related to Branch or Department Financial Managers Requirements
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