Why is Financial Manager a Good Full-time Job in the USA?

The financial manager serves as the treasurer of the organization and is responsible for managing its finances. This includes coordinating cash flows, preparing accounting reports, and projecting financial statements in a positive direction.

In addition to these tasks, the financial manager must possess excellent communication skills to effectively communicate and guide other employees in understanding financial reports.

How Can You Get a Full-Time Job as a Financial Manager?

To kickstart your career as a financial manager, you can earn a bachelor’s degree in Economics, Business Administration, Accountancy, or Finance. An edge could be given to the candidates with master’s degrees in Finance or Business Administration. Moreover, gaining a few training experiences possibly gives an edge over others. 

You can advance your skills by achieving Chartered Accountant (CA) or Certified Practising Accountant (CPA) qualifications. Furthermore, an experience of 5 years or more in any business or organisation as an accountant or financial analyst can land you a full-time job as a financial manager.

Post-graduate Employment Opportunities as a Financial Manager

Financial managers face a competitive job market. Those who have expertise in handling international finance and an array of complex financial instruments are the most sought-after professionals in the industry.

According to the Bureau of Labour Statistics, the world would witness 16.8% employment growth for financial managers between 2021 and 2031. This data turns out to be slightly above the average estimated growth for all US occupations. 

Financial managers typically work on the operations of finances in a company. The methods and tools used in financial assessment are similar in every organization. Therefore, financial management job opportunities open the doors for every industry in different countries. 

Strategies Involved in Job Search 

To find a job in the USA, you must gain valid certifications that could be relevant to the job. Moreover, the specialised experience(s) in the related field would cater to the needs of your good profile.  

Thereafter, you can find an employer who values networking skills and apply for the relevant increase in hours per your career choice.

Creating a good resume and building networking skills over the internet are vital. This increases your chances of landing an interview.

Work Visa for the US  

There are a lot of visas available for working in the US. Each work visa contains personal requirements for entry, the application process, and the cost involved in the procedure. Among all the different forms of visa, it is imperative to assess the appropriateness of a visa as per the different factors involved with it. 

Factors such as nationality, duration of the planned stay, and affiliation of the company adhere to the decisive factor for an individual to take up a work visa while being in the USA.

Moreover, if you are planning to work permanently and stay in the US, then it is necessary for that individual to apply for an immigrant visa or green card.

Job Security for Finance Managers in the US

Irrespective of other factors, it’s widely known that finance degree jobs offer relatively higher pay and stability in the job. It provides more significant opportunities for advancement as finance managers are the ones that manage the financial health of the company. 

Finance jobs are lucrative among working professionals because of their higher job stability and security in the industry. Despite a lot of growth in technology and AI, finance-related jobs are one such profession that will always be needed in the industry.

Job Market in the US 

Getting a managerial job is a hard nut to crack. Job-seekers are prone to face competition in their endeavour to find a good managerial job. It is because there are more applicants than available managerial positions.

For that matter, individuals with a valid certification in accounting and finance along with a master’s degree or professional certification bag some of the best job offers with them.

 

What Are the Benefits of Finding a Full-Time Job After Financial Management in the US?

Finance jobs have higher prospects for growth and more opportunities nowadays.

  1. It is estimated that financial management jobs are getting in demand and are likely to grow in the future. 
  2. Services provided by financial managers such as planning, directing, and controlling the finances of the company can never go out of service because of their necessity. 
  3. With a higher rise in globalization, countries are now accumulating more cash on their balance sheets. Therefore, these instances allow companies the need for financial managers. 

What Industries Are Hiring Financial Management Graduates in the US?

There are a lot of sectors that hire finance managers, mostly in banking and insurance, manufacturing, and the securities markets. As every business needs to acquire information about its financial health, it is vital for every industry to hire financial management graduates for their organization.

What Are the Long-Term Career Prospects for Financial Managers in the US?

Financial management roles carry with them an array of different job opportunities. Individuals who have earned experiences for career advancement can land these jobs;

  1. Treasurers and Finance Officers
  2. Credit Managers
  3. Risk Managers
  4. Insurance Managers
  5. Cash Managers

Financial Manager’s – Job Description

  1. Financial managers prepare financial statements and reports on business activities.
  2. To ensure the legal processes have been met, they monitor the financial details.
  3. They supervise the employees involved in budgeting and reporting.
  4. They process ways to reduce costs and maximize profits.
  5. They take care of the financial health of the organization. 

Financial Manager’s Salary in the US

Most financial managers work as full-time employees and work more than 40 hours a week. The salary of a financial manager depends upon different factors, including work experience in its own domain.

Beginner

For beginners, for those whose working experience is less than a year, the amount is $78,729;

Intermediate

With individuals whose, working experience is between 3-7 years earn an average of $90,912

Advance

Individuals whose working experience is more than 10 years can earn an average of $98,469 annually.

In conclusion, a career as a financial manager can be a lucrative and fulfilling choice for individuals seeking a stable and rewarding profession. With the increasing complexity of financial systems and regulations, the demand for skilled financial managers in the USA is expected to remain high. 

Additionally, the role of a financial manager offers opportunities for career advancement and the chance to work in a variety of industries, including finance, healthcare, and government. Overall, pursuing a career as a financial manager in the USA could be a wise and prudent career choice.

ALLEN Career Institute has a rich legacy spanning 34 years, during which it has helped shape the careers of numerous students. We serve as a one-stop station for students seeking guidance and support to achieve their academic goals.

ALLEN Global Studies Division offers students the opportunity to pursue their dreams of studying abroad.  The division provides comprehensive guidance to students in various aspects, including standardized test preparation, career counselling, and assistance with the application process, VISA application, and travel.

Frequently Asked Questions

What skills should a finance manager have?

A finance manager should have strong analytical, management, and communication skills so that he can make financial decisions and justify their judgement to the management and organization as a whole.

What is the work environment like for a finance manager?

The finance manager works in an office environment, where he spends most of his time analyzing financial information. They work closely with the top management team and are present in meetings to give financial advice.

Why is financial management important for the future?

Financial managers help reduce costs and maximize the profits of the organization. This, in turn, helps in the growth of the organization. This makes financial management important for any organization.

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