What does a Financial Manager do in 2019?




Becoming a Financial Manager



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Financial Manager Salary

$117,990

trending_up

Job Growth

3/5

Competition

Challenging

school

Education

Bachelors

Overview: What does a Financial Manager do?

Depending on the type of organization, duties may include: Plan, direct, and coordinate the activities of workers in branches, offices, or departments of such establishments as branch banks, brokerage firms, risk and insurance departments, or credit departments. Evaluate financial reporting systems, accounting and collection procedures, and investment activities, operating systems, budgets, and other financial control functions. Approve or reject lines of credit and commercial, real estate, and personal loans.

Advancement Opportunities: 144% of Average This calculation shows your opportunity for increases in earnings over time. It shows the relative strength of different careers as compared to each other
Average Starting Median income: $95,510
Return on Educational Investment: 162% of Average Shows the relative return on investment of an education beyond high school. The calculation uses potential earning levels over time adjusted for the cost and the time of additional education.
Job Growth: 5/5
Benefits: Yes
All scores range from 1-100. Higher scores are better with the exception of stress.
Bragging rights: 83/100 Based on prestige and social approval, fame and public recognition, high income, highly educated, clean versus “dirty” industry, and level of people you deal with.
Interesting Job: 85/100 Based on exciting subject or environment, variety of activities, fun interaction with people, creating versus completing, and learning interesting things.
Personal Freedom: 78/100 Based on controlling your work, not closely managed, choosing your assignments, tolerable rules and regulations, creative freedom, and setting your own hours.
Stress: 65/100 Based on Intense responsibility (life/death), continuous rejection, dealing with people’s problems, lack of control, quota or sales pressure, and work volume/time pressure.

This is a hypothetical illustration of how long it takes to earn millions of dollars in each job. The calculation is complex, but uses earnings at various points in each career from entry level to mature performer. Individual performance will vary.

Years to make $1,000,000 - 15 Years
Years to make $2,000,000 - 23 Years
Years to make $3,000,000 - 31 Years

Competency Fit: Computer

#1: Advanced computer: computer languages, troubleshooting


#2: Advanced mathematics: algebra, trigonometry, calculus


#3: Problem identification: finding the true cause of a problem


#4: Problem solving: employing methods to solve a problem


#5: Technical expertise: ability to apply technical knowledge


Top Financial Manager Books for beginners:

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