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					Financial Manager
     By: Travis
                 Overview
   Financial managers take care of the
    budgets and investments for companies.
   Financial managers often direct other
    workers.
   Regardless of the type of financial
    manager, almost all these workers use
    computers.
                       Task List
   Set up financial plans and policies for organizations.
   Prepare financial reports, summaries, and balance
    sheets.
   Supervise one or more departments. May supervise all
    financial matters.
   Decide where money should be invested.
   Manage financial operations and monitor cash flow.
   May supervise the collection of unpaid loans.
   Interpret policies and implement new procedures.
   Hire and manage staff.
   Use computers to record and organize data.
   Analyze financial impact of local and national legislation.
             Working Conditions
   Have a high level of contact with staff or customers.
   Communicate by telephone, e-mail, letters, memos, and
    in person on a daily basis.
   Often work as part of a team.
   Are responsible for the work of others, especially branch
    managers who supervise the entire bank.
   Are often placed in conflict situations with customers or
    staff members. People may be angry or rude during
    these times.
   Always work indoors.
   May work long hours, often up to 50 to 60 hours per
    week.
   May travel to attend conferences or meet customers.
    They may also visit other branches of their company.
             Preparation
To work as a financial manager, you must:
 have a high school diploma or GED;

 complete at least a bachelor's degree;

 have extensive work experience;

 be creative and persuasive;

 have strong communication skills; and

 be decisive.
    Helpful High School Classes
   Accounting
   Banking and Finance
   Computer Applications
   Economics
   Introduction to Business
   Probability and Statistics
                 Hiring Practices
   Most employers require financial managers to have at
    least a bachelor's degree. Some employers prefer
    applicants who have a master's degree. Programs of
    study may include finance, accounting, economics, or
    business administration. Some employers also require
    work experience.
   Employers look for financial managers who have good
    communication skills. This is because managers must
    explain complex financial data to people with little or no
    financial background. Employers also look for applicants
    who have good people skills. Managers must work with
    team members to solve problems.
                  Wages
   U.S.: Hourly- $48.65 Yearly-$101,190
   Ohio: Hourly-$48.09 Yearly-$100,030
   Youngstown: Hourly-$40.23 Yearly-
    $83,680
   Columbus: Hourly-$50.79 Yearly-$105,640
   Cleveland: Hourly-$51.02 Yearly-$106,120
     Employment and Outlook
Major employers:
 Banks and credit unions

 Business management companies

 Federal, state, and local government agencies

The outlook is good for financial managers who
  have the right skills. Those with skills in
  accounting, finance, and computers should do
  well. Also, those with a master's degree should
  be in demand.
 Advancement Opportunities
Experienced financial managers may be
promoted to executive positions. Those
who are familiar with several departments
in their company are more likely to be
promoted. Some may transfer to executive
positions in other companies. Financial
managers with enough experience and
plenty of capital may start their own
consulting firms.
          Programs of Study
Programs of Study Directly Related to
this Occupation
 Accounting
 Finance
Other Programs of Study to Consider
 Business Economics
 Business Management and Administration
 Economics
 International Business, Trade, and Finance
 Nonprofit Management

				
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posted:10/5/2011
language:English
pages:11