The field of finance leadership and management has experienced great growth over the past decade. This field has become especially critical during the last few years as our nation has experienced a terrible economic recession. Due to the unethical and dishonest financial decisions of certain large businesses, our country has suffered great distress. This has caused many Americans to recognize how important it for our nation's businesses to have ethical and honest financial managers.
With a degree in finance leadership and management, you are in a position to work for many types of businesses both large and small. Financial managers are very important to businesses, because they help to prepare and create financial reports, direct cash flow activities, and investment actions for a business. Many financial managers have specific job titles like controller, treasurer, finance officer, credit manager, cash manager, risk and insurance manager, and manager of international banking. Many financial managers work in the banking and insurance industries.
Solid Employment Outlook for Finance Leadership and Management
Financial managers have a solid employment outlook. The United States Bureau of Labor Statistics predicts that this field will experience an eight percent increase in job growth between now and 2018. This growth will be created by increased regulation and regulation changes. Companies will find it necessary to hire more financial managers to help put these increased reporting and regulatory requirements in place. Also, more financial managers will be needed as the economy continues to become more global and companies must deal with global financial situations.
Salary Potential for Finance Leadership and Management
The financial management field offers some strong salaries. Most employers require financial managers to have at least a bachelor's degree to get into entry level position. Many larger employers requite a master's degree for any type of management job. The Occupational Outlook Handbook found that in 2008, financial managers had median salaries from $72,000 to $135,000 annually. These salaries did not include annual bonuses and stock options often offered to salaried financial officers. It's also important to note that financial officers with more experience generally had higher salaries.
Colleges Degrees Available in Finance Leadership and Management
Colleges have some very strong degree programs in finance leadership and management. These degrees include a bachelor's degree (4 years of study) and a master's degree (2 years of study beyond a bachelor's degree). Some of these degree programs have also been made into online degree programs. This allows students to take their courses over the internet.
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