How to become a
Finance Manager

Estimated salary £35,000
Top location Greater London

Evolution of a Finance manager

Accountant

£22,000

2-3 Years

Finance Manager

£35,000

3-5 Years

Finance Director

£70,000

5-10 Years

Is it right for me?

  • You have a head for numbers, an understanding of business performance/planning and a proven track record in finance.

  • You know your way around finance systems and software like a chef knows their kitchen. Putting together all sorts of ingredients, like analysis and modelling to help your employer grow.

  • You are highly organized and perform well at managing both yourself and others. As well as being a natural problem solver, highly numerate and are able to adapt to new technological approaches.

Necessary qualifications

  • Generally a graduate level job, you will benefit from a degree in a related discipline, such as mathematics, statistics, finance and economics.

  • You must be a qualified accountant, with management level experience.

  • Membership of a professional body is essential, organisations such as the IFA & ACCA are good places to start.

Useful additional experience

  • Experience of a finance or qualified accountant role at a non-management level. Such as Accountant, Finance Officer, Finance analyst, Finance planner.

     

  • Involvement in a finance, or related graduated scheme, many are offered by banks and trading organisations. However finance graduates are required in a diverse range of industries.

  • If you are taking your first step into this career path then internships and placements may be your best way to gain experience. These are offered by financial institutions as well as wide range of industries. Some highly regarged finance internships are with, Mountbatten Institue, HSBC and Fidelity.

Day to day

  • You will be responcible for overall financial management of an organisation (or possibly a department) with the aim of providing support, planning and guidance, usually working with senior management.

  • Effectively tracking financial activity with the aim of saving money. You will essentially be a financial decision maker, making sure that the organisation is successful and that cashflow is stable.

  • You will be involved in, or may develop yourself, a financial business plan which takes into account budgetary considerations for the organisation’s overall strategy.

  • You will ensure every aspect of the business is costed and will possibly work on efficiencies to deduce where money can be saved.

  • You’ll manage accounting, reporting and analysis for the whole business, using this information to develop future financial strategy.

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