Those in management positions may decide to enroll in a program to increase their understanding of business-related financial issues. Finance courses teach the function and relevance of financial applications. Students learn basic risk management, math models, and market evaluation techniques.
Financial management programs are available as a certificate, as well as at the bachelor's and associate's degree levels. Students interested in any of these programs will need a high school diploma or GED to enroll. Some programs might require previous coursework in topics relevant to the field. Associate's and bachelor's degree programs last two and four years of full-time study, respectively. A bachelor's degree program may include an internship.
Financial Management Certificate
Financial management certificate programs usually offer students flexible course options. Some schools require students receive the certificate in conjunction with a degree program. Some common financial management classes include:
- Financial risk management
- Investment strategies
- Business and international finance
- Banks and money management
- Financial evaluations
Financial Management Associate's Degree
Graduates of a financial management associate's degree program may find entry-level positions at banks and credit unions, personal finance and financial planning companies, and governmental agencies. Students will develop an understanding of financial organizations, using and analyzing credit, investment options, and creating and using financial reports. Students also receive basic business focused classes. Coursework includes studies of:
- Financial computer applications
- Accounting and marketing principles
- Writing and research techniques
- Investment options
- Business management and finance
- Business law
Financial Management Bachelor's Degree
Many students who receive a bachelor's degree in financial management enter mid-level management positions and go on to complete a graduate-level degree program. In financial management bachelor's degree programs, students learn about financial theory and analysis and risk management techniques. Some usual classes students take include:
- Investment theories and techniques
- Analyzing reports
- Managing financial risk
- Business versus personal finance
- Finance and marketing
Employment Outlook and Salary Info
The U.S. Bureau of Labor Statistics (BLS) reports that the financial management field should grow at an average rate of 16% between 2018 and 2028. People may find jobs due to increased regulations and international business expansion.
In May 2018, the BLS reported that a financial manager's median wage was $127,990 a year. The bottom 10% earned less than $67,620, and the top 10% earned more than $208,000. The highest wages the BLS found were in positions related to security and commodity contracts and brokerage; beer, wine, and liquor stores; and agents and managers for public figures (www.bls.gov).
Financial managers can find training through certificate, associate's, and bachelor's degree programs. These programs teach students a variety of finance, business, and mathematical skills at different levels of complexity to help them thrive in their chosen careers.