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Financial Managers: Schools and Careers

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Financial Managers - Career Information

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Financial Managers

Financial managers oversee and coordinate financial activities and transactions of organizations. Financial managers prepare income statements, budgets and balance sheets, monitor cash flow, oversee accounting and auditing and comply with regulatory requirements. In addition, financial managers often have an important role regarding mergers and consolidations and also in global expansion.

They manage employees in brokerage firms, banks, large corporations, small businesses, non-profit organizations, government agencies, credit departments and other organizations. Financial managers need to stay current with special tax laws and regulations that may affect their industry.

Those with financial management positions should have a thorough understanding of financial regulations and reporting requirements. They should have a broad understanding of international finance. In addition, a financial manager needs to stay up-to-date with the newest computer technology in order to enhance the efficiency of the company's financial operations.

Some of the titles for financial managers are controller, manager of international banking, treasurer or finance officer, credit manager, risk and insurance manager and cash manager.

Financial institutions including commercial banks, credit unions, savings and loan associations and mortgage and finance companies employ numerous financial managers to manage a variety of functions including mortgages, trusts, lending and investments. They also employ financial managers to oversee sales, operations and electronic financial services.

Responsibilities

  • Perform administrative duties
  • Analyze data and information
  • Implement cash management strategies
  • Oversee the preparation of financial reports
  • Oversee investment activities
  • Create strategies and implement long-term objectives for their company or organization
  • Offer senior managers strategies to maximize profits.
  • Act as business advisors to top management

Job Characteristics

Those in financial management positions should have strong communication and management skills. Financial managers should also be detailed oriented, problem-solvers and creative thinkers. Since they often work with various departments they need a strong foundation in business.

They often utilize computer systems and information services. They sometimes work 50 to 60 hours per week. A financial manager sometimes attends meetings of economic and financial associations. They sometimes travel in order to meet with customers or subsidiary companies.

Employment Outlook

Employment growth from 2006 to 2016 for financial managers is forecasted to be about as fast as the average for all occupations. Those holding a master's degree and a certification have the best opportunities. Highly skilled financial managers have opportunities to move up to top management positions. About three out of ten financial managers work for finance and insurance firms.

In 2006 the median annual earnings for financial managers was $90,970. In descending order, the median annual earnings in the industries which employ the largest number of financial managers are securities and commodity contracts intermediation; managers of company and enterprises, non-depository credit intermediation, local government and depository credit intermediation.

Large organizations typically pay more than smaller organizations. Salaries also depend on the industry and location. Some financial managers receive bonuses and stock options.

Education, Certification, and Licensing

Most employers require at least a bachelor's degree in accounting, finance, economics or business administration. Many employers seek candidates that have a master's degree in one of these subjects. Valuable courses include budgeting, accounting, management, cash flow management and financial reporting.

Continuing education is very important for financial managers due to changes in state and federal laws and regulations, complexities of global trade and new and complex financial instruments.

Financial managers can enhance their skills and show their competency by acquiring professional certification. Professional certification is provided by numerous associations. Certifications include, Chartered Financial Analysts, Certified Treasury Professional, Certified Public Accountant and the Certified Management Accountant.

Resources

Major Employers

The major employers are commercial banks, securities and commodity brokerage firms, credit unions, insurance companies, savings and loan associations, mortgage and finance companies and government.

Schools for Financial Managers are listed in the column to the left.

The Top Cities tab shows employment statistics for Financial Managers by major metro area.

The Top Industries tab shows which industries have the most jobs for Financial Managers, along with salary data by industry.

The Find Schools tab lets you search for schools by field of study, degree level, and location.

Employment For:
All Jobs > Financial Managers

Selected Schools for Financial Managers (including any online schools)

These schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).

Request info from multiple schools, by clicking the Get Info links.

SchoolLocationsDegreesQuick Info
AIU OnlineOnlineAssociate, Bachelor, MasterGet Info
Albertus Magnus CollegeCTAssociate, Bachelor, MasterGet Info
American InterContinental UniversityFL, GA, TXAssociate, Bachelor, MasterGet Info
Anthem Career CollegeTNAssociateGet Info
Anthem CollegeAZAssociate, BachelorGet Info
Argosy UniversityAZ, CA, CO, FL, GA, HI, IL, MN, TN, TX, UT, VA, WABachelor, Doctorate, MasterGet Info
Argosy University OnlineOnlineBachelor, Doctorate, MasterGet Info
Ashworth CollegeOnlineAssociateGet Info
Averett UniversityVABachelor, MasterGet Info
Baker College OnlineOnlineAssociate, Bachelor, Doctorate, MasterGet Info
Bauder CollegeGAAssociate, BachelorGet Info
Berkeley CollegeNJ, NYAssociate, BachelorGet Info
Berkeley College OnlineOnlineAssociate, BachelorGet Info
Briarcliffe CollegeNYAssociate, BachelorGet Info
Broadview UniversityUTAssociate, BachelorGet Info
Brookline CollegeOnlineBachelorGet Info
Brown CollegeMNBachelorGet Info
Brown Mackie CollegeAL, AZ, FL, GA, IA, ID, IN, KS, KY, MO, NM, OH, OK, SC, TXAssociate, BachelorGet Info
California College San DiegoCABachelor, Master Get Info
Central Pennsylvania CollegePABachelorGet Info
Charter CollegeAK, CA, WAAssociate, BachelorGet Info
CollegeAmericaAZ, CO, WYBachelorGet Info
Colorado Technical UniversityCO, MO, SDAssociate, Bachelor, MasterGet Info
Colorado Technical University OnlineOnlineAssociate, Bachelor, MasterGet Info
Computer Career CenterNM, TXAssociate, DiplomaGet Info
DeVry Institute of TechnologyABBachelorGet Info
DeVry UniversityAZ, CA, CO, FL, GA, IL, IN, KY, MD, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, TN, TX, UT, VA, WA, WIAssociate, Bachelor, MasterGet Info
DeVry University OnlineOnlineBachelor, MasterGet Info
DeVry University's Keller Graduate School of ManagementAZ, CA, CO, FL, GA, IL, IN, MD, MN, MO, NC, NV, NY, OH, OK, OR, PA, TN, TX, UT, VA, WA, WIGraduate Certificate, MasterGet Info
DeVry University's Keller Graduate School of Management OnlineOnlineGraduate Certificate, MasterGet Info
ECPI OnlineOnlineAssociate, Bachelor, DiplomaGet Info
ECPI UniversityNC, SC, VAAssociate, Bachelor, DiplomaGet Info
Everest CollegeAZ, CO, MO, NV, ONBachelor, DiplomaGet Info
Everest InstituteNY, PADiplomaGet Info
Everest UniversityFLAssociate, BachelorGet Info
Everest University OnlineOnlineMasterGet Info
Fortis CollegeFL, OHAssociateGet Info
Golden Gate UniversityCABachelorGet Info
Golden Gate University OnlineOnlineBachelorGet Info
Grand Canyon UniversityOnlineMasterGet Info
Hallmark CollegeTXBachelorGet Info
Harrison CollegeIN, OHAssociate, BachelorGet Info
Heald CollegeCA, HI, ORAssociateGet Info
Herzing CollegeMB, ON, QCAssociate, BachelorGet Info
Herzing University OnlineOnlineAssociate, BachelorGet Info
Hesser CollegeNHAssociate, BachelorGet Info
ITT Technical InstituteCA, FL, ID, IN, MI, MO, NV, OH, TN, VA, WIAssociate, Bachelor, Diploma, MasterGet Info
Ivy Bridge College of Tiffin University OnlineOnlineAssociateGet Info
Jones International UniversityOnlineMasterGet Info
Kaplan Career InstitutePAAssociateGet Info
Kaplan College KHEOHAssociateGet Info
Kaplan University KHEIA, MD, ME, NEAssociate, Bachelor, MasterGet Info
Kaplan University OnlineOnlineAssociate, BachelorGet Info
Keiser University CampusFLAssociate, Bachelor, MasterGet Info
Keiser University eCampus OnlineOnlineBachelor, MasterGet Info
Lincoln College of TechnologyFL, KY, OHAssociate, Bachelor, CourseworkGet Info
Minnesota School of BusinessMNAssociate, Bachelor, Diploma, MasterGet Info
Morrison UniversityNVMasterGet Info
National American University CampusCO, KS, MN, MO, NM, SD, TXAssociate, Bachelor, MasterGet Info
National CollegeIN, KY, OH, TN, VA, WVAssociate, Bachelor, DiplomaGet Info
Northwestern CollegeILAssociateGet Info
Norwich UniversityOnlineMasterGet Info
Olivet Nazarene University Graduate and Continuing StudiesILBachelor, MasterGet Info
Pioneer Pacific CollegeORAssociate, BachelorGet Info
Pittsburgh Technical InstitutePAAssociateGet Info
Rasmussen CollegeFL, IL, MN, ND, WIAssociate, BachelorGet Info
Rutgers Business SchoolNJMasterGet Info
Sanford Brown CollegeIL, MI, MO, VA, WIAssociate, BachelorGet Info
Sanford Brown InstituteNYAssociateGet Info
South UniversityOnlineAssociate, Bachelor, MasterGet Info
South University CampusAL, FL, GA, SCAssociate, Bachelor, MasterGet Info
Southern Technical CollegeFLAssociateGet Info
Southwest Florida CollegeFLAssociate, BachelorGet Info
Stevens Henager CollegeID, UTAssociate, Bachelor, Certificate, MasterGet Info
Stratford Career InstituteOnlineDiplomaGet Info
Strayer UniversityAL, DC, DE, FL, GA, KY, MD, NC, NJ, OH, PA, SC, TN, UT, VA, WVAssociate, Bachelor, Certificate, Graduate Certificate, MasterGet Info
Sullivan UniversityKYAssociate, Bachelor, Diploma, MasterGet Info
The University of LiverpoolOnlineMasterGet Info
UEI CollegeCAAssociateGet Info
University of PhoenixAL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NM, NV, OH, OK, OR, PA, PR, SC, TN, TX, UT, VA, WA, WI, WYBachelor, Doctorate, MasterGet Info
University of Phoenix OnlineOnlineBachelor, MasterGet Info
Virginia College OnlineOnlineBachelor, MasterGet Info
Walden UniversityOnlineBachelor, Doctorate, MasterGet Info
Western International UniversityAZBachelor, MasterGet Info

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Financial Manager Training Schools by State

We have some additional detailed pages at the state level for Financial Managers.

Numbers in parentheses are counts of relevant campus-based schools in the state; online schools may also be available.

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