Until recently, it was difficult to find a financial manager with a degree in Finance, after all, specific degrees in this area are relatively new to the market. More often than not, the most experienced professionals or those with the longest experience in the market have degrees in Administration, Economics, Accounting and even Engineering, which may have caused problems at the beginning of their careers and the need to specialize.
This is because the subject of corporate finance is treated only as a subject in these courses and does not have the technical and specific depth necessary for the full performance of the role.
How to Prepare for a Financial Management Position
If this is your case, there is no need to worry. One venezuela whatsapp data alternative to improving your knowledge and applying for a position as a financial manager is to specialize in the area.
To do this, you will need to delve into relevant Finance topics such as:
Analysis of financial statements and business performance
Strategic cost management and pricing
Financial market and its products
Analysis of the economic scenario
Credit rating
Financial mathematics and financial calculation of treasuries
Controllership
Working Capital Analysis
Cost and capital structure
Investment Analysis
Other more advanced areas that can also be part of a financial manager's routine include valuation (company assessment), international finance and derivatives. These are essential skills for those who want to efficiently manage the financial department of large organizations.
Strategic vision: an important differentiator
The career development of a finance professional must be planned. To take the right step and achieve a prominent position in the job market, it is important to keep in mind that the strategic vision of the company and its role in the whole is an important differentiator.
To prepare yourself to occupy a leadership position in the financial area, you must structure yourself according to three pillars:
Technical knowledge: knowing all the variables that make up the finance area to decide the best practice to be applied in your company. This knowledge can be acquired through knowledge of finance theories applied to real situations obtained in specialized courses.
Behavioral knowledge: The most modern and up-to-date curriculum for postgraduate courses in finance includes topics such as negotiation and presentation techniques, which are essential to support the development of financial managers.
Strategic management: a strategic view of the company, market and competitors is a priority in a financial career. To be a financial manager, you need to set aside a purely operational view and understand the functioning and strategic direction of the operation as a whole.
Invest in your professional growth and look for a school specialized in Finance to prepare you for the new challenge.