Two financial career options that an individual with a finance education can pursue is financial manager and a personal financial advisor. Financial managers are responsible for the overall financial health of an organization. The roles performed by these professionals consist of preparing financial statements, managing employees within the department, reviewing financial reports and documents, analyzing market trends and assisting senior management with important business decisions are common. Chief financial officer, controller, or treasurer are upper-level financial management positions. They have a large influence on the direction of a business or organization. In order to be a candidate for this job you will need a significant experience …show more content…
Preferred qualifications as a personal financial advisor requires a bachelor’s degree in finance or accounting is recommended. They will also need to earn different licenses or certifications that may be required by the SEC in order to manage client investment. A personal financial advisor can also be call a financial advisor, investment consultant or financial planner. Essential skills that would make an individual successful as a financial manager and a personal financial advisor are leadership, communication, openness, organization, and time management. Being a great leader says that you can also be a great mentor and teach other individual, also making yourself approachable and available to the people you are responsible for. It is important that you know how to balance being a role model as well as the person in charge while still being part of the team. It also takes traits that do not come easily to most people which is patient, confidence, and the ability to delegate. Leadership skills also include long-term planning and strategic thinking. Many accountants offer advice and business solutions to help companies improve their …show more content…
To be a good accountant you will need to stay organization. A smart way to stay organize is to have a system to keep track of their many responsibilities. A system for managing your workload is only effective if you also know how to budget your time. Being able to work within deadlines and to continually re-prioritize your to-do list will take you far. (http://talentegg.ca/incubator/2014/09/08/6-skills-succeed-accounting/) The career option that I would recommend is a financial manager. The most attractive features of this position high salary and bachelor’s degree can be sufficient education for some positions. One other great thing about being a financial manager is that you are able to work in various settings such as healthcare, government, business, and scientific services. Finance managers supervise the cash flow for the business. They also overlook loan application, write financial reports, and oversee the approval and the rejection of lines of credit. (http://learningpath.org/articles/Becoming_a_Finance_Manager_Job_Description_Salary_Information.html
The financial department requires highly adept employees with thorough knowledge and/or experience with accounting and bookkeeping. This is a department that should be managed keenly ...
The research article, “How to Land a Finance Job With a Bachelor's Degree,” was published in the Investopedia in 2017. The author
Personal Financial Advisors work behind the scenes with every type of person. They are the people who know how money works, and can tell you the best way to spend yours. They make investments on stocks or bonds, they plan for your retirement or children's college education. Financial advisors are aware of different opportunities and investment plans and they have the means to put your money where it can earn the largest return. A vast majority of people invest money, and more often than not there is a financial advisor by their side. This means that I could find a job as a financial advisor anywhere in the United States and in most other places around the world as well. Of course, it fits to reason that the people directing the world's money
My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me.
The Finance & Retail Managers duties significance in achieving any company’s profit and target, Financial plans and budgets and its role and importance in a company’s organizational structure on long and short term to control the capital and assets of the company. In the end an illustration of the impact of having a Commercial Manager in a company in communicating, planning and giving feedback about the current status of purchasing and about how much the company has achieved its goals and profits.
The financial manager is responsible for giving financial advice and support to clients and colleagues that will enable them to make good business decisions. Particular work environments differ considerable and involve both public and private sector organizations such as retailers, corporations, financial institutions, charities, and even small manufacturing companies and schools (Financial Manager, 2011).
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
Becoming a financial analyst will allow me to enjoy a career in the finance field that pays well and also offers ample opportunities. The position of a financial analyst is growing very fast and so there are more opportunities for me to become a financial analyst. Being a financial analyst will not only put me in a powerful position within the organization but it will also teach me skills that I need about investing for my own financial life. Some of the qualifications for the career that I already have include a bachelor’s degree in finance, technology experience (Microsoft word, Microsoft outlook), skills such as maximization of work practices, and quality vigilance. One qualification that I need for this position is the ability to turn data into information. Since this position requires past experience and I have none, I can undergo training so that I can be at par with the job functions and requirements. Despite the fast growth of the job, though, there is stiff competition and even though I will most likely get this job with my bachelor’s degree, a master’s degree will help me stand out among my competitors and it will also be a wise investment for me since I have my eyes on a financial management position at one point in
In Management, the accountant gives advices to the individuals and business people, how to manage their business. The account information is considered and some business decisions are taken in both financial and non-financial departments. Budgeting, tax filing, and financial statements. Other activities like involve in planning com...
When I think of a financial manager, accountant quickly comes to mind. The role of accountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently, make sure their records are accurate, and that their taxes are paid properly and on time. Accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients. They record and analyze the financial information of the companies for which they work. Other responsibilities include budgeting, performance evaluation, cost management, and asset management. “The role of the financial manager has expanded beyond traditional responsibilities related to company's finances. A financial manager, through his/her understanding of the company's financial health, the current market, and the goals of the company, helps set direction and guides decision making.” Financial managers perform several different task related to finance for their organization they normally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies.
Leadership skills: Is capable of thinking strategically. Can anticipate future consequences and trends accurately. Puts the team before the individual’s welfare. Coaches and develops employees. Is confident with his/her decision making and vision. Leads by
Most critical to this discussion is a clear understanding of what a financial manager is and does and how his or her role aids in helping to establish the valuation of a corporate entity in today's global financial market. Quite simply, a financial manager helps to measure a company's market value and its risk while also helping to systematically reduce its costs and the time necessary to make informed decisions regarding objective driven operations. This is quite a demanding game plan for an individual and most often financial managers, in the corporate world, work in cooperation with a team of financial experts. Each member of that team perhaps having expertise in differing areas of activity, but each however, being no less expert in his or her respective area of endeavors in behalf of the corporation. The team is assembled under the direction of the officer know in the corporation as the Chief Financial Officer who today is becoming increasingly indispensable to the CEO who directs a modern model of action driven, bottom-line oriented corporate activity (Couto, Neilson, 2004). One can accurately state that the role of the competent and capable financial manager is figuratively worth its weight in gold.
At a glance, accounting might appear as a repetitive cycle of preparing and examining financial statements. However, a brief exposure to accounting has taught me how chaotic it can be for accountants. An accountant captures and represents the information of businesses. By reviewing financial operations, an accountant helps a business run efficiently. This profession can be intellectually stimulating and rewarding. After learning about accounting, I cannot help but be interested and desire to work toward a degree in accountancy. In my studies, I have learned accountants require a plethora of qualities to be successful. And to mature from a student to a professional, I must resolve to strengthen my weaknesses. There is much I must learn and achieve, but a degree in accounting is well worth the time spent.
Financial Analyst Education/Training Requirements (Identify the specific steps to take to prepare for this career option. For example, what level of degree is required; what should one major in?): Financial analysts typically must have a bachelor’s degree, but a master’s degree is often required for advanced positions. Outlook: Employment of financial analysts is projected to grow 12 percent from 2014 to 2024, faster than the average for all occupations. A growing range of financial products and the need for in-depth knowledge of geographic regions are expected to lead to strong employment growth. (12% faster than average) Salary: 2015 Median pay: $80,310 per year, $38.61 per hour
Accountants are becoming a needed job in the business industry and play a very important role in the success of many businesses. This job usually requires at least a bachelor’s degree in accounting and sometimes even a CPA (Certified Public Accountant). There are many other things that are needed to be considered before choosing this career. The job environment, education, skills, and benefits are just some of the many things that need to be thought through before considering this career.