7 Popular Career Options for Financial Managers

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After having recently completed an online course in managerial finance, the next step is finding a suitable career path that has potential future growth.

The field of financial management will include jobs involving overseeing investments, cash flow financial reports, as well as the overall financial strategies of an organization. The specific responsibilities would depend on one’s job in the industry. Let’s take a look at popular career options for those who studied financial management.

  1. Controller 

Controllers would direct the daily financial functions of an organization. Moreover, he would forecast the organization’s financial future.

There are also other responsibilities, such as:

  • Overseeing budgets
  • Managing cash flow
  • Preparing financial statements
  • Submitting required reports to regulatory agencies
  • Provide input on short- and long-term business decisions 
  1. Insurance Manager 

Insurance managers are also known as risk managers, who assess an organization’s financial health regarding its potential for loss and liability. They would also oversee insurance policies and insurance-related transactions.

Insurance managers are expected to provide analyses of business decisions from a risk perspective. They would also stay updated with industry regulations and provide advice on potential litigation. 

  1. Bank Manager 

Financial managers at financial institutions, like credit unions or commercial banks, would oversee the services banks will provide to customers. These managers work in bank branches and corporate offices.  Bank managers would have responsibilities including:

  • Approving loans
  • Issuing mortgages
  • Directing investment funds
  • Understanding federal regulations
  • Managing electronic bank services 
  1. Investment Manager 

Investment managers would analyze financial markets, advising individual and corporate investors on selecting assets and securities like bonds, stocks, or real estate.

People in this profession are also known as asset, fund, portfolio, and wealth managers. They are expected to have extensive knowledge of investment funds, as well as domestic and global financial markets. 

  1. Chief Financial Officer 

This is a top executive-level position in any finance career track, with a CFO being responsible for the organization’s financial wellbeing.

An organization’s CFO would monitor and oversee financial actions as they manage the big-picture strategic financial goals and planning. They can also appoint and supervise subordinate managers, delegating their duties and responsibilities appropriately. 

  1. Personal Financial Advisor 

Those who like flexibility, independence, financial planning, and building relationships may like this career path. Personal financial advisors would provide clients with advice on finance-related matters such as investments, wealth management, financial planning, and the like.

If one is registered and licensed, he can manage client portfolios and invest or trade on their behalf. While financial advisors can work for themselves, they may also work as part of a firm. 

  1. Stockbroker or Trader 

Stockbrokers or traders would buy and sell financial instruments and securities like bonds, stocks, commodity futures, and cryptocurrencies. They would work in different settings, whether for firms or independently.

Stockbrokers must possess comprehensive knowledge of financial market behaviors, projects, and trends. They must also be able to act quickly and decisively. 

Wrapping It Up

Consider any of these career options and climb up the corporate ladder from there.