Best Jobs for Financial Management

If you’re a finance graduate, the best career starts in the early stages with finance management. Everything you need to know about the best careers in finance is right here. Grads, Check out these best careers in financial management along with required skills and types of finance jobs that are in demand right now.

What is Financial Management?

Financial management involves all aspects of financial goals in a company. The accounting department or outside accounting firms handle many aspects of finances in most companies. But when it comes to investment decisions, financial data, maximizing profits, and overall financial plans, a finance manager is required.

Financial managers do more than watch over a company’s financial data and investment decisions. Their job is to assist a company with reducing costs, evaluate market trends, oversee budgets, and make decisions for the company’s growth and success. This is similar to what a personal financial advisor does. They also lead a team of financial analysts who work in particular departments or projects.

Required Qualifications and Skills

A bachelor’s degree in finance, economics, or business administration is essential. Some companies prefer master’s degrees. For the best chances of landing a good job in financial management, certifications are required to stand out from the competition.

High-level analytical skills are required. Strong math and organizational skills will take you far, and attention to detail is essential. Strong interpersonal skills are important, too. Before choosing a career in financial management, check your personal interests and experience. Can you crunch numbers and make financial decisions for a company as a full-time career you’ll love?

The best route for a finance graduate is taking an internship during the summer breaks or after graduation. Internships help students and graduates get on-the-job experience that can help you decide whether that kind of work is for you. If you’re not able to manage an internship, apply for volunteer work or even an externship. This helps you gain experience and skills that make you a more desirable candidate.

Best Careers in Financial Management

Graduates with a degree in finance or related studies can consider different types of career in finance management. Here are some of the best jobs you’ll find.

1. Commercial Finance Manager

A commercial finance manager’s main goal is to improve a company’s profits. Without profits, the company cannot exist. And even if every employee and manager works hard and is dedicated to their work and the company, specialized knowledge is required to guide a company’s finances.

The role of a commercial finance manager is to analyze input and output. How much money is coming in? How much is going out? After analyzing company data such as financial statements and evaluating market trends, they develop short- and long-term strategies to cut costs and increase profits.

While keeping quality control and employee satisfaction and productivity in mind, each area is evaluated. Purchasing, production, service, sales, advertising, and marketing are carefully evaluated and improvement plans are devised. The commercial finance manager’s job role includes financial control functions related to all areas of production. As time goes by, evaluations are made regularly.

Applicants with strong analytical skills are the best fit for this job. Do you think you have what it takes? Retail, manufacturing, insurance, scientific and technical services, and government are the main areas that need commercial finance managers.

2. Corporate Finance

Finance grads might be interested in a job that involves strategies to improve a company’s financial worth. One of the main responsibilities is finding investors for business expenses. Other tasks include monitoring financial policies, managing cash resources, ensuring legal compliance, and making acquisitions.

Strong math skills are essential. You must also be highly computer literate and experienced with spreadsheets, presentation software, and database management. Good communication and interpersonal skills are also important, and being an initiator is a plus. Speaking a foreign language or two can be invaluable in a big international company. Don’t forget being confident is the essential thing. You can find jobs related to corporate finance here.

3. Auditors

An auditor is in charge of accurate financial records and taxes. They also make sure that record-keeping, procedures, and systems are up-to-date and organized. They prepare written reports and provide expert advice to clients and shareholders of the company. For example, they might suggest ways to save money or increase earnings.

Like any position in finance, being good in math goes without saying. It’s all about numbers, after all. You’ll also need strong analytical skills and good organization.

Entry-level auditor jobs are the gateways to top corporate financial management positions. Find the jobs here.

4. Corporate Recovery Specialist

This isn’t a field most people have heard of—what company wants people to know they’re in recovery? But it can be one of the best jobs in finance. A corporate recovery analyst evaluates the problems that caused business failures and proposes strategies for recovery.

Problem-solving skills are, obviously, essential on top of the math skills and analytical skills that anyone in the financial field needs. In fact, a corporate recovery consultant is like a detective. What happened and how? (What was the “crime” and how was it committed?) Who or what could have prevented it?

Good communication and negotiation skills are a must. Plus, an ability to investigate complex financial activity and information is essential. You’ll need excellent communication skills, too, since you’ll have to talk with a lot of people and conduct information-gathering interviews. If you think you have these traits, then this job might be for you.

5. Corporate Treasurers

A big part of a corporate treasurer’s job involves protecting a company from financial risks. They make sure the company has enough cash on hand to pay bills on time and is ready to meet new challenges as they come up. The company must have readily available money to cover even unexpected expenses.

A corporate treasurer also manages potential problems with foreign currency and exchange rates. Operational risks are also a factor, and it’s the corporate treasurer’s responsibility to work honestly and with integrity. That includes all authorized employees involved, and accurate operational controls must be kept in place.

A corporate treasurer must have a solid understanding of business processes and strong skills in economics. Knowing financial markets is also essential. If you’re interested in this type of career, keep in mind that you could be working under high pressure.

A finance degree opens doors to jobs all over the world. You can find the best careers in financial management at GradSiren. Get notified by the top finance company recruiters with registration. Then rock your first job with these job tips.