Financial management is management principles and practices applied to finance. Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as loan officer, accountant, auditor, securities sales agent, or financial analyst. A bachelor’s degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. These academic programs help students develop analytical skills and learn financial analysis methods and software. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.
Financial managers deal with a range of information and documents and so must stay organized to do their jobs effectively. This will lead to demand for financial managers, as companies will be in need of cash management expertise. As with other managerial occupations, jobseekers are likely to face competition because the number of job openings is expected to be fewer than the number of applicants.
Candidates with expertise in accounting and finance—particularly those with a master’s degree or certification—should enjoy the best job prospects. The Work Environment tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked. The Job Outlook tab describes the factors that affect employment growth or decline in the occupation, and in some instances, describes the relationship between the number of job seekers and the number of job openings. The Association of Business Executives (ABE) now offers a Financial Management pathway within the Business Management programme.
The new pathway system allows greater flexibility for students who now have the option to complete multiple qualifications simultaneously. The Financial Management pathway contains three levels of Ofqual accredited qualifications to improve your financial management knowledge and skills. ABE’s Level 4, 5 and 6 Diplomas in Business Management are divided into three separate ‘pathways’. The three pathways are Business Management, Financial Management, and the Management of Information Systems.
All successful students will receive a Diploma in Business Management (at the appropriate level). At Middlesex we value skills training as highly as we value theory, so you can expect to not only learn the advanced concepts behind financial management but the practical ways in which you can use this knowledge within your profession. This level of study focuses on corporate finance and the relationship between financial decision-making and capital market behaviour.