Financial Managers Onet SOC Code 11-3031.00 Career Description: Plan, direct, and coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Related Clusters: Business, Management, and Administration Finance Human Services Manufacturing Related Careers: Financial Managers represents a group of more specific occupations. For additional information, please select one of the occupations below: Treasurers and Controllers Financial Managers, Branch or Department

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Career Summary:

• A bachelor's degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. However, many employers increasingly seek graduates with a master's degree, preferably in business administration, economics, finance, or risk management. These academic programs are designed to help students develop analytical skills. Experience may be more important than formal education for some financial manager positions, notably for branch managers in banks. Banks typically fill branch manager positions by promoting experienced loan officers and other professionals who excel at their jobs. Other financial managers may enter the profession through formal management trainee programs offered by a company. Continuing education is vital for financial managers, reflecting the growing complexity of global trade, shifting federal and state laws and regulations, and a proliferation of new and complex financial instruments.

  Military job training consists of 2 to 16 weeks of classroom instruction. Training length varies depending on specialty. Course content typically includes financial management techniques, including budget preparation and review; job responsibilities of finance and accounting managers; personnel management and payroll procedures; statistical analysis and fiscal planning; and military accounting.

Wage and salary data provided by:

• Bureau of Labor Statistics, Tennessee Department of Labor website
• TN Department of Labor & Workforce Development website
• Bureau of Economic Analysis website