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How to become a Financial Manager?

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Talent.com talent.com
Answered November 26 2021
Career Expert at Talent.com
The world of Finances is exceptionally dynamic and competitive. Financial Managers require a lot of preparation and knowledge to achieve their positions. The most common way to begin this process is by obtaining a bachelor's degree in any area related to Business Administration or Economics.   
  
Many employers of Finance Managers now seek candidates with a broader curriculum base. It is common to look for applicants with their master's or even doctoral degrees in related areas of Finance or Economy. But as much as employers value academic achievement and prowess, they also consider the candidate's experience. Most Financial Manager positions require at least five years of previous experience in an administrative and supervisory role.  
     
In addition to the skills listed above, Financial Managers must possess excellent leadership skills; hence, handling a group of several professionals, coordinating their activities, and motivating them towards reaching a set of goals would make for the perfect candidate. Their capacity to drive teams of professionals is crucial for the development and profiting of the company.  
   
Financial Managers can climb the career ladder into better positions by demonstrating their resourcefulness, reliability, and commitment to the company. Becoming the Chief of Financial Operations (CFO) is the most common path after spending some years in the Financial Manager position. Others may choose to complete academic research for teaching or private consulting opportunities. 

What can help you become a Financial Manager
  • Accounting, mathematical, and computer skills:  
Financial Managers should be highly proficient when it comes to complex mathematical calculations. During their studies, it would be wise for Financial Managers to pick up as much business administration knowledge possible. Skills in database management, spreadsheets, and other computer software, are also highly recommended.   
 
  • Analytical, problem-solving, and decision-making skills:  
Aspiring candidates looking to enter the world of financial management will benefit from effectively analyzing numerical data, drawing logical inferences, and providing reasonable recommendations. This position requires accurate and assertive recommendations to employers when it comes to investment and financial planning. Financial Managers should be able to identify issues and promptly resolve problems. It also won't hurt if they can exercise strategical thinking and mature judgment.   
  
  • Interpersonal and communication skills:   
For Finance Managers, communication skills are as essential as any other skill. One glaring reason is to effectively explain complex financial terminologies and procedures using non-technical language, when necessary, to clients and colleagues alike. Finance Managers will often need to keep executives informed about their decisions to their accounts and any transactions they execute. Communication also helps when establishing and maintaining supportive working relationships. 
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