Financial managers are responsible for advising organizations with regards to expenditure and investment to best meet the organization’s goals. They are usually heavily involved in the financial strategies of organizations.
Financial managers generally carry out the following duties:
Prepare organization financial reports
Develop strategies for investment
Ensure that organization adheres to laws surrounding the financial details
Advise top executives on how to cut expenditure and maximize company profits
Engage in the financial decisions of the company
A bachelor’s degree in business administration, accounting, economics or finance and more than 5 years of experience in a business or finance role is usually required by most employers. Some employers may prefer a master’s degree in business administration, accounting, economics or finance.
In order to test Financial Managers effectively, employers usually administer the Quickbooks test, the maths business test, the cognitive IQ test and the work ethics test. This combination of testing allows employers to analyze applicants proficiency in Quickbooks and Maths Business, their general knowledge and business maths and their standard code of ethics.
2018 Median Pay
|$127,990 year, $61.53 per hour|
Entry level qualification
Number of jobs in 2016
Expected Growth rate (2016 – 26)