Career Definition for a Global Finance and Reporting Professional
Global finance and reporting professionals, also known as financial managers or controllers, oversee the strategic investing and planning activities for corporations, government organizations and manufacturers, among other entities. Key responsibilities include preparing public financial reports for investors, important documents that can have an influence on high-stakes decisions. Global finance professionals may also conduct market analysis and participate in corporate acquisitions. Areas of specialization may include cash, credit or risk management.
|Education||Bachelor's or master's degree|
|Job Skills||Good communication skills, able to work in a team, computer proficient, ethical|
|Median Salary (2015)*||$117,990 (for financial managers)|
|Job Growth (2014-2024)*||7% (for financial managers)|
Source: *U.S. Bureau of Labor Statistics
Undergraduates can begin preparing for a career in global finance and reporting by pursuing a Bachelor of Science in one of several fields of study, including business administration, finance, accounting or economics. In addition to business and finance, relevant coursework can include topics in computer science, ethics, math and marketing; proficiency in one or more foreign languages can be beneficial. Individual employers may show a preference for candidates who have earned a Master of Business Administration (MBA) with a concentration in finance, accounting or risk management, or a Master of Science in Economics. Master's degrees may require an additional two years of study; professional development is necessary to remain current in the field of global finance and reporting.
Global finance and reporting professionals must have excellent communication skills and be able to work as members of teams. A strong sense of ethics is essential, as many people depend upon the accuracy of a firm's published financial statistics. Global finance and reporting professionals should also be computer proficient and know how to work with spreadsheet programs and online databases.
Career and Salary Outlook
The U.S. Bureau of Labor Statistics (BLS) reported that there were approximately 531,120 financial managers employed in 2015, a larger category that includes global finance and reporting professionals. The BLS also estimates that the number of openings for financial managers will grow by an average rate of 7% nationwide between 2014 and 2024. As of May 2015, the annual median salary for financial managers was $117,990 (www.bls.gov).
Alternate Career Options
Learn about some other career options in management and finance below:
Securities, Commodities and Financial Services Sales Agents
Securities, commodities and financial services sales agents can be found in brokerages or contract and credit intermediary firms, where they act as the conduits between investors and sellers. Undergraduate courses in accounting, business, economics and finance are essential; degree-seeking students who complete summer internships in their senior years may receive full-time job offers upon graduation. Candidates interested in pursuing advanced-level positions may need an MBA. According to the BLS, securities, commodities and financial services sales agents can expect a faster than average growth (10%) in employment nationwide from 2014-2024. In May 2015, sales agents who specialized in commodities and securities earned median annual salaries of $71,550 (www.bls.gov).
In 2014, approximately 84% of top executives were employed as general and operations managers, with the remainder holding the title of chief executive, per the BLS. In general, their responsibilities include overseeing the operating and strategic planning activities of an organization. A 4-year degree or experience in a relevant area may suffice for some positions; large corporations may show a preference for candidates with an MBA. The BLS reports that employment opportunities for top executives will grow by an average rate (6%) nationwide between 2014 and 2024. As of May 2015, top executives earned median annual salaries of $102,690, also according to the BLS (www.bls.gov).