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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
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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
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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
Career Guide, Educationist, Author and Clinical Psychologist
Dr. K.V Anand is a PhD in Counseling Psychology from Fort Jones University USA with MSc In Applied Psychology and MS in Psychotherapy. He is an expert in psychometric tests to facilitate awareness about various psychological traits, personality, skills, aptitude etc. He is a Certified Motivation trainer and personality development trainer. He is experienced in evaluating of psychology or psychiatry cases. Uses Psychometric tests such as personality, bipolar disorder test evaluation, student counseling. He has more than 9 years experience in soft skill training field covering career guidance, education, motivation, personality development, team building, leadership skills, stress management, conflict management, decision making. Beside this he is a active writer and have books related to psychology under his name such as “Adolescence mental Problems” and ”Infant and Child Psychology”
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Mrs. Halima is a postgraduate in psychology from Osmania University and a International Diploma in Guidance & Counseling in collaboration with COL, Canada. She posses Enormous experience in Academic and Psychological Counseling and had done Project on “Counseling & Guidance using ACA & APA standards “, “Motivation to enhance academic achievements”,” Comparative analysis of Self Confidence of undergraduate boys & girls”. She had worked as an Academic Research Associate at Indian Institute of Management, Indore. She specializes in educational, career and academic counseling and guidance, Organizational behavior.
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