A corporate controller works closely with other members of a company’s financial team to help ensure a positive financial position. Controllers oversee and coordinate the preparation of income statements, balance sheets, and other financial reports as well as manage the auditing, accounting, and budgeting departments.
A corporate controller often prepares financial reports for regulatory authorities, making sure the information is current and accurate.
Because a corporate controller works closely with the finances of a company, anyone interested in this position should possess strong analytical skills and a trustworthy reputation.
Financial managers such as corporate controllers usually need a bachelor’s degree in accounting, finance, economics, or a related subject. Many have a master’s degree in business administration (MBA), finance, economics, or other advanced education.
Professional certification and license as a financial manager could prove beneficial, as well as staying up on the latest company laws and regulations.
The Bureau of Labor Statistics reports that median annual wages of financial managers were $99,330 with the middle 50% earning between $72,030 and $135,070. Those who worked for large organizations generally saw higher salaries than those in smaller firms, but location and type of industry also affected pay.
Candidates with a master’s degree and certification should see the best prospects.
Source: U.S. Bureau of Labor Statistics