Financial Manager Career Data Analysis Essay - 588 Words

As the economy expands and employment opportunities increase, the need for workers with financial expertise will go up. I will enter the workforce at an excellent time to pursue a career as a financial manager. The information I have acquired concerning this field including opportunities, salary, and working conditions will justify my decision to obtain a position as a financial manager for a major corporation. The opportunities available to someone with a degree in finance are limited to only a few facets of the business world, but according to Job Outlook 2004, a finance degree is one of the top ten degrees in highest demand. Employers are starting to seek graduates with a master’s degree as well as a bachelor’s degree, which makes†¦show more content†¦Despite long hours and impressive workloads, employees enjoy a comfortable work atmosphere with accommodating offices that have access to state-of-the-art computer systems and other technology. Working long hours is required of most jobs but the compensation offered to a financial manager is worth the extended time at work to most employees. The Occupational Outlook Handbook states that the median annual earning of financial managers was $73,340 in 2002. An entry-level associate can expect to earn at least $39,120, which is in the lowest 10 percent of this field. Below is a table that shows the salaries of different level associates in different career capacities as financial managers: Total Compensation of Selected Financial Manager Positions Vice President of Financenbsp;nbsp;nbsp;nbsp;nbsp;$183,500 Treasurernbsp;nbsp;nbsp;nbsp;nbsp;$150,600 Directornbsp;nbsp;nbsp;nbsp;nbsp;$113,600 Managernbsp;nbsp;nbsp;nbsp;nbsp;$84,500 Cash Managernbsp;nbsp;nbsp;nbsp;nbsp;$64,700 Employment opportunities are abundant nationwide at corporations located in major cities, and with bank branches in smaller cities. The Occupational Outlook Handbook says that 1 in 10 financial managers work as bank managers inside the banking industry. Another interesting statistic listed is that insurance and financial establishments employ 1 in 4 financial managers. This includes savings institutions, finance companies, creditShow MoreRelatedWhy Are Information Systems So Essential For Running And Managing A Business Today?1458 Words   |  6 Pagesfor running and managing a business today? An organization’s information system is capable of very important tasks and it is important for any business to exploit its capabilities. Information systems are important to businesses because they process data from the businesses’ input to generate information that is crucial for managing operations. 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