Financial managers take care of the
budgets and investments for companies.
Financial managers often direct other
Regardless of the type of financial
manager, almost all these workers use
Set up financial plans and policies for organizations.
Prepare financial reports, summaries, and balance
Supervise one or more departments. May supervise all
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.
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
Always work indoors.
May work long hours, often up to 50 to 60 hours per
May travel to attend conferences or meet customers.
They may also visit other branches of their company.
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
Helpful High School Classes
Banking and Finance
Introduction to Business
Probability and Statistics
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
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.
U.S.: Hourly- $48.65 Yearly-$101,190
Ohio: Hourly-$48.09 Yearly-$100,030
Youngstown: Hourly-$40.23 Yearly-
Columbus: Hourly-$50.79 Yearly-$105,640
Cleveland: Hourly-$51.02 Yearly-$106,120
Employment and Outlook
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.
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
Programs of Study
Programs of Study Directly Related to
Other Programs of Study to Consider
Business Management and Administration
International Business, Trade, and Finance