Business Financial Management Career
The position of a business financial manager is identical to that of a treasurer in a non-profit organization. Business financial managers, broadly, manage funds in such a way that it extracts the maximum return from investment while at the same time minimizing the risks.
He has to ensure that an adequate control mechanism is in place in the organization over transfer and investment of funds. Besides, the financial manager engages in financial analysis in areas like budgeting, forecasting, cost reduction analysis, review of operational performance etc.
How to become a business financial manager:
A business financial manager must have a bachelor’s degree in accounting, finance or economics. Preference is usually given to those having certified management accountant or certified public accountant credentials. In some cases, employers insist on a master’s degree in relevant areas.
Superb communication skills are necessary particularly for presenting results of an analysis to the management. Outstanding knowledge of electronic spreadsheets is also a must have for the position.
Business financial management career courses, training and programs:
For staying abreast of the dynamic and complex career of business financial management, a candidate has to constantly upgrade his skills all through the career. Also, companies have a vested interest to keep the skills of their employees sharpened. Several companies encourage their financial management staff to undergo special courses at universities and colleges.
Business financial management career schools/colleges, education:
The graduation course equips an individual to gain knowledge about the field to a certain extent. Further university study, like a master’s program, sharpens the skills of the world-be business financial manager.
Top 5 colleges/universities:
University of California, San Diego
University of Maryland
University of California, Berkeley
Business financial management job opportunities, salaries/pay:
The outlook for the job is secure according to the labor statistics bureau. The average annual salary of a business financial manager is about $68,200.
Category: Business Careers