Financial managers oversee budgets, institute financial plans and supervise all financial matters throughout one or more departments within a company. If you’re ready to handle more professional financial responsibility, earning an online degree in business finance can help you accelerate your career.
Individuals who wish to work in the field of financial management should excel at problem solving, analytics and creative thinking as well as possess excellent communication skills, business basics and familiarity with technology. Whether you work full time or just graduated, consider taking your skill set to the next level with an online degree in financial management.
Those wishing to pursue a career in financial management must have a minimum of a bachelor’s degree in finance or accounting. Many employers prefer individuals who possess a master’s degree or MBA.
Financial managers work in virtually all businesses and government agencies. As businesses merge, consolidate and expand globally, financial managers help reduce risk and maximize profit. An online degree in finance can help prepare you for some of the popular occupations below.
Managers of banks and financial institutions manage personnel, approve loans and lines of credit, help customers, and market their business in order to attract more business to their branch.
Investment bankers work for financial institutions, matching businesses that need capital with investors who will provide funds in exchange for equity in the company.
Cash managers monitor and control cash flow. They help determine whether loans must be obtained or whether extra cash should be invested.
Chief Financial Officers (CFOs) oversee all financial business within a company. In large corporations, they may manage one financial department, while in smaller organizations, they may handle all financial matters.
Controllers prepare financial reports, such as balance sheets and future earnings or expenses reports, and they file government-required reports. They typically oversee the accounting, audit, and budget departments.
Credit managers determine to whom a business will loan money. They determine credit ceilings and oversee the collection of late accounts.
Credit analysts study the current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
Stock brokers buy and sell shares and stocks for their clients and earn a percentage of the profits. They may also offer financial advice to their customers when needed.
Treasurers and finance officers direct a business’s budgets and financial goals. They create investment strategies, manage risks, oversee mergers and acquisitions, and supervise cash flow, among other tasks.
Personal bankers, otherwise known as personal financial advisors, manage the assets of wealthy clients and advise them on investing, retirement planning and related financial matters.