Finance managers are in charge of making sure the financial end of businesses run smoothly and successfully. On a regular day, a finance manager may supervise accounts receivable and payable departments, order new inventory, arrange business loans and review profit and loss spreadsheets. They generally have a keen ability to find ways to save companies money and to use tax shelters to the advantage of a business.
Skillset: Many finance managers have a strong background in accounting and business management. They are adept at handling tax issues, reducing financial losses and incorporating new methods to increase the profit margin. People in this career field also play a vital role to establishing budgets for companies and cultivating solid business practices.
Education: A bachelors in finance or business management is held by many finance manager associates. Managers for large companies or departments may be required to have an MBA or masters in finance, commerce, international business or business law.
Career Path: A solid foundation for a career in finance managing is built upon great mathematical skills and an in-depth knowledge of business tax and consumer science. Business planning courses, accounting courses and statistics are strongly recommended.
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