The individuals with a finance educational background have various career options at their disposal. The occupations related to finance include financial manager and financial analyst. The finance analyst is responsible for giving guidance to individuals and firms on the appropriate investment decisions. The financial analyst analyzes the financial statements, assesses the previous and present financial trends in the company. The financial analysts also create reports and schedule meetings with the managers or potential entrepreneurs to make recommendations on the suitable investments ("Financial Management Association," 2018) . The financial analysts meet with the decision-makers and provide ways of achieving their business goals.
The financial analyst makes recommendations on the appropriate strategy that should be taken by the organization which increases their financial worth. For instance, the financial analyst can make recommendations on selling or buying a firm’s shares on the basis of the current or future financial strength. The financial analyst appraises the current macroeconomic and microeconomic status of the market. Besides, the financial analyst examines the firm's capability to provide solutions to the industry and other enterprises ("Financial Management Association," 2018) .
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The financial manager is responsible for the establishment of the company’s financial strength. The financial manager prepares the financial statements and analyzes the files as well as reports. Further, a financial manager is responsible for managing and controlling employees in the accounting section. The financial managers collaborate with the financial analyst to analyze the industrial trends ("Association of Financial Professionals (AFP) | IGTA – International Group of Treasury Associations", 2018) . The financial managers assist the companies to make proper decisions on the investments.
The financial managers increase the value of their organizations by making sure that the accountants prepare the financial statements per the accounting reporting measures. The financial manager makes sure that the budget elements are related to the organization's operations. The manager monitors the implementation of the budget in the firm. The C.EO and M.D collaborate with the financial manager to make sure that the company follows the budget plans ("Association of Financial Professionals (AFP) | IGTA – International Group of Treasury Associations", 2018) . The financial manager makes sure that a firm incorporates a cash management policy that facilitates them to generate profits in spite of the risks in the business environment.
Essential Skills for Each of the Positions
The financial analysts need skills to carry out their responsibilities and roles in an effective manner. The financial analysts require additional experience regardless of the educational qualifications. The minimum education qualification in the field is a bachelor’s degree in finance or a business related discipline. Firstly, the financial analyst has to possess excellent mathematical skills. Most of the activities in the finance field deal with numerals which require the financial analyst to calculate ("NAPFA - The National Association of Personal Financial Advisors", 2018) . The financial analyst must comprehend the market trends and prediction which are common in the discipline of finance.
The financial analyst should know about utilizing mathematical and accounting concepts including Microsoft Excel. The financial analyst needs to be aware of any changes that can be made due to the improvement in technology. The financial analyst uses computer programs to calculate complicated concepts in statistics and accounting. The computer programs facilitate the financial analysis of complex data ("Financial Management Association", 2018) . The financial analyst has to possess personal skills such as an excellent presentation of data and analytical skills.
The competency of a financial manager is related to the ordinal managerial experience. The minimum educational qualification of the finance manager in large companies is a bachelor’s degree in finance or a business related field. The finance manager must possess excellent communication skills. The finance manager needs to establish a good communication network with the subordinates in the organization. The finance manager needs to establish proper communication with the senior managers in the organization ("NAPFA - The National Association of Personal Financial Advisors", 2018) . The finance manager must have outstanding organizational skills which include managing time, formulating plans, analyzing information and making sure tasks are completed on time.
The financial manager needs to possess ethical values. The finance manager is responsible for managing the sensitive sections in the organization which are prone to theft or fraud. The finance manager must uphold integrity and transparency when preparing or reporting the financial results. A financial manager has to be creative, hardworking, determined and flexible ("NAPFA - The National Association of Personal Financial Advisors", 2018) . The skills assist the finance manager to decide on behalf of the company.
Recommendation of the Career Option
I would recommend the position of the finance manager. The financial manager occupies the highest position in the discipline of finance. Many individuals aspire to become finance managers but people with exceptional skills occupy the position. The finance manager gets a chance to handle the financial and human resource in the organization. The position is attractive because the finance managers receive high salaries and many allowances. A finance manager can get a chance of traveling to foreign countries for meetings if the company carries out its operations around the world. The position has added advantages on retirement benefits.
References
Association of Financial Professionals (AFP) | IGTA – International Group of Treasury Associations. (2018). Retrieved from https://www.igta.org/associations/association-of-financial-professionals-afp/
Financial Management Association. (2018). Retrieved from http://www.fmaasu.com/
NAPFA - The National Association of Personal Financial Advisors. (2018). Retrieved from https://www.napfa.org/
