Advantages and disadvantages of the profession of financial manager
Posted: Sun Jan 19, 2025 8:11 am
If you don't have a strong desire to become a financial manager, first study all the pros and cons of the position thoroughly. It will be easier to do this by studying the table below.
Pros Cons
You can get a job in a large company, which means prestige and honor. At the same time, such work is paid much better, and the conditions at the workplace are more lawyer data package comfortable. This cannot be said about small and medium-sized businesses. Collapse at such enterprises is almost impossible. This helps to grow professionally. The small choice does not allow finding a job in the province. The capital offers more opportunities for this.
This job is full of creativity. Most of the time, a financial manager's job involves crunching numbers and spreadsheets, but sometimes you can be a little more original. Great responsibility: any mistake can lead to deterioration of performance.
Career growth: with extensive experience as a financial manager, you will have the opportunity to become a generalist, combining the ability to forecast, manage people, advise and track how money is spent. Most often, financial managers after their main job choose similar positions: financial directors, controllers, tax managers or analysts. You have to ruin your health by sitting at the computer.
An obvious disadvantage is that you have to do everything yourself, because there can only be one financier in a company. Multitasking and goal-oriented people should choose such work.
The job of a financial manager involves a lot of responsibility: in fact, you will be able to manage the company's cash flows, starting with planning 3 months in advance and ending with developing a long-term investment strategy.
You will become one of the team members of a large company, and this will give you a lot of experience, knowledge and prospects.
Download a useful document on the topic:
Checklist: How to Achieve Your Goals in Negotiations with Clients
Financial Manager Salary
The salary of this specialist varies depending on the region. Certainly, in provincial cities the worker will receive much less than in megalopolises. This is not the only thing that affects the salary. Experience, certificates of advanced training, and internships are also important. The range of duties, additional skills, and so on are also taken into account.
In addition, the size of the company and the volume of operations affect the salary. Knowledge of foreign languages will be an advantage. In this case, the financier can risk getting a job in a foreign company.
In small regional firms, salaries range from 60,000 to 150,000 rubles. In large companies, the remuneration increases to 300,000 rubles. Moscow and St. Petersburg offer from 500,000 to 650,000 rubles for the same work. If you have an MBA certificate, you can earn even more.
Lending and wages
There is no salary cap in financial management. Only the skills of the applicant and the capabilities of the enterprise matter.
Internet portals such as rabota.ru, hh.ru and so on can help you find a decent vacancy. To increase your chances of getting a job, you need to gain more than 3 years of experience. It is better to do this in small organizations. After that, you can move to the staff of a more significant company.
A financial manager is a sought-after specialist who cannot be replaced by an accountant or economist. No business can be imagined successful without him.
To improve your professionalism, you need:
Improve your effectiveness as a financial manager through advanced training courses.
Constantly change and develop, learn the intricacies of negotiations, learn languages, and so on.
Choose a specialization that interests you and that you enjoy completing tasks. Consider whether you want to quit after a month.
There are many options for employment of a financial manager in a company. You just need to choose the one that you like.
Pros Cons
You can get a job in a large company, which means prestige and honor. At the same time, such work is paid much better, and the conditions at the workplace are more lawyer data package comfortable. This cannot be said about small and medium-sized businesses. Collapse at such enterprises is almost impossible. This helps to grow professionally. The small choice does not allow finding a job in the province. The capital offers more opportunities for this.
This job is full of creativity. Most of the time, a financial manager's job involves crunching numbers and spreadsheets, but sometimes you can be a little more original. Great responsibility: any mistake can lead to deterioration of performance.
Career growth: with extensive experience as a financial manager, you will have the opportunity to become a generalist, combining the ability to forecast, manage people, advise and track how money is spent. Most often, financial managers after their main job choose similar positions: financial directors, controllers, tax managers or analysts. You have to ruin your health by sitting at the computer.
An obvious disadvantage is that you have to do everything yourself, because there can only be one financier in a company. Multitasking and goal-oriented people should choose such work.
The job of a financial manager involves a lot of responsibility: in fact, you will be able to manage the company's cash flows, starting with planning 3 months in advance and ending with developing a long-term investment strategy.
You will become one of the team members of a large company, and this will give you a lot of experience, knowledge and prospects.
Download a useful document on the topic:
Checklist: How to Achieve Your Goals in Negotiations with Clients
Financial Manager Salary
The salary of this specialist varies depending on the region. Certainly, in provincial cities the worker will receive much less than in megalopolises. This is not the only thing that affects the salary. Experience, certificates of advanced training, and internships are also important. The range of duties, additional skills, and so on are also taken into account.
In addition, the size of the company and the volume of operations affect the salary. Knowledge of foreign languages will be an advantage. In this case, the financier can risk getting a job in a foreign company.
In small regional firms, salaries range from 60,000 to 150,000 rubles. In large companies, the remuneration increases to 300,000 rubles. Moscow and St. Petersburg offer from 500,000 to 650,000 rubles for the same work. If you have an MBA certificate, you can earn even more.
Lending and wages
There is no salary cap in financial management. Only the skills of the applicant and the capabilities of the enterprise matter.
Internet portals such as rabota.ru, hh.ru and so on can help you find a decent vacancy. To increase your chances of getting a job, you need to gain more than 3 years of experience. It is better to do this in small organizations. After that, you can move to the staff of a more significant company.
A financial manager is a sought-after specialist who cannot be replaced by an accountant or economist. No business can be imagined successful without him.
To improve your professionalism, you need:
Improve your effectiveness as a financial manager through advanced training courses.
Constantly change and develop, learn the intricacies of negotiations, learn languages, and so on.
Choose a specialization that interests you and that you enjoy completing tasks. Consider whether you want to quit after a month.
There are many options for employment of a financial manager in a company. You just need to choose the one that you like.