Information on Finance Managers
Finance managers oversee the financial activities of businesses, either as a whole or in part (such as a branch or department). They are also referred to as financial managers.
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Major Duties
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Some of the activities finance managers oversee include preparation of financial reports, applying cash management strategies and directing organizational budgets.
Financial Institutions
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The most common type of finance managers work at financial institutions such as commercial banks, credit unions, savings and loan associations, and mortgage and finance companies.
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Work Environment and Conditions
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Finance managers typically work 50 to 60 hours a week and may have to travel to company branches to meet clients and attend business meetings.
Education
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A bachelor's degree in finance, accounting, economics or business administration is the minimum educational attainment for finance managers. However, applicants enhance their chances with a master's degree, particularly in business administration (MBA).
Salary
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According to the U.S. Bureau of Labor Statistics' 2008 report, the average finance manager made an annual salary of $110,640.
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