Please enter your Mobile Number and Education Level to proceed.
Give more insights on it
Hello Friend,Finance Manager is one of the Noblest Profession in the world.A Finance Manager is a professional who supervises the preparation of financial reports of the organizations as required by law and approved by the board of directors of the organization. He also creates financial strategies to meet short term and long term goals of the organization.
Responsibilities also include evaluating data to appraise the present and future financial condition of the organization and supervising investment activities.
A financial experts work in variety of settings like Banks,Insurance Companies,Brooking Firms,Finance Companies etc. Generally a financial expert holds a Masters degree in Economics or is an MBA in Finance Management in order to work as Finance Manager.Financial Manager must possess a comprehensive understanding of Economics and Accounting Principles and Techniques,as well of financial markets and Banking. One must be able to use financial system and associated technology and also have mastery of how to detail information. As the business of finances keeps on changing one must always stay abreast of new regulations and financial tools.A finance managers earns an salary of around 9 lakh p.a at the start. However,pay in this sector grows steadily for more experienced workers in this sector. The Skills that increase the chances to earn higher salary are for Senior Financial Management,Forecasting,Payroll Administration and Financial Modelling.Pay scale goes down for the people those who have experience more than 20 years because there are no people having experience more than 20 years.The pay grows steadily with the experience and skills and depending on your performance you get promoted to further designations and get hike in your pay. So lets see the Career Path of a Finance Manager and the average Salary he earns:1.Finance Manager -> Financial Cntroller (Rs.10 Lakh p.a)2.Finance Manager-> Senior Finance Manager(Rs.10 Lakh p.a)3.Finance Manager-> VP (Vice President,Finance)(Rs.20 Lakh p.a)4.Finance Manager->Chief Financial Officer(CFO)(Rs.25 Lakh p.a)5.Finance Manager->Finance Director(Rs.30 Lakh p.a)This is the Primary Promotions. Now lets see further when you get promotion how much pay scale you can get.1.Chief Financial Officer (Rs.25 Lakh p.a)2.Financial Controller (Rs.17 Lakh p.a)3.Vice President and Chief Financial Officer (Rs. 33 Lakh p.a)4.Finance Director(Rs.30 Lakh p.a)5.CEO(Rs.34 lakh p.a)NOTE: All the salaries mentioned are tentative average salaries.So you can earn a handsome amount of money in next 5 years by getting into Financial sector depending on your skills and performance.Hope you find this information helpful.Wish you Good Luck.Feel free to get in touch.Thank you.Warm regards,Prathamesh . K
In order to post replies to the question: "How much can I earn in next five years as a Finance Manager ?"
Counselor at Adaptive Minds
Mrs. Meghna is a Postgraduate in clinical Psychology. She had been a part of several workshops related to Personality Enhancement, Counseling, Child and Adolescent Psychiatry, Therapy, Hypnosis for self Healing etc. She works at Adaptive Mind as freelance counselor and had worked as an executive counselor at Growth Centre, School Counselor at Billabong High International School, Sri Sri Ravi Shankar Vidya mandir. Her areas of expertise include Human Resources Management with Clinical Psychology. Currently working as a Brain mapping analyst
Founder And Director At Canvas Career
Mr. Prathamesh is a Certified Career Consultant by Psytech International (bps) UK and is also a Certified Trainer for Life Skills; he is pursuing Narrative Therapy from Adelaide, Australia. He has been in to career counseling for more than 8 years now he practices MINDFULNESS psychotherapy with students. He possesses vast experience in teaching and career counseling. Currently he is associated with FUEL NGO. He had counseled over laces of students and is a founder director of Canvas Career Consultancy, committed to conduct Psychometric assessments for students and do career counseling by making them aware about new career avenues
Founder & CEO: Discovering Careers India
Dr. Anand has 10+ yrs experience in education and financial sector, 12+ yrs into writing articles and books. He advises on Finance, Banking, Management, Commerce, Engineering, Education. B.Com, M.A. Economics, PGDFB (SIBM), DIT, Ph.D (Education Economics)
Founder - ReInventions ( Career Choice Facilitation I Learning & Development)
Reena Saxena is a Career Development Facilitator, Coach, Banking and Soft Skills Trainer, Content Developer, Personal Branding Consultant and Blogger. She comes from a BFSI background.
-Registered with Career Guide and Dheya Career Mentors Ltd.
- Helps people in shaping their personality, through her initiative, ReInventions.
See All Questions