The Treasury Management Association confers the Certified Cash Manager credential on those who have 2 years of relevant experience and pass an exam, and the Certified Treasury Executive designation on those more senior in treasury management who meet experience and continuing education requirements. Persons interested in becoming financial managers should enjoy working independently, dealing with people, and analyzing detailed account information. The ability to communicate effectively, both orally and in writing, is also important. They also need tact, good judgment, and the ability to establish effective personal relationships to oversee staff. Because financial management is critical for efficient business operations, well-trained, experienced financial managers who display a strong grasp of the operations of various departments within their organization are prime candidates for promotion to top management positions.
Some financial managers transfer to closely related positions in other industries.
Those with extensive experience and access to sufficient capital may start their own consulting firms. Job Outlook Like other managerial occupations, the number of applicants for financial management positions is expected to exceed the number of openings, resulting in competition for jobs. Those with lending experience, and familiarity with the latest lending regulations and financial products and services, should enjoy the best opportunities for branch management jobs in banks. Those with a graduate degree, a strong analytical background, and knowledge of various aspects of financial management, such as asset management and information and technology management, should enjoy the best opportunities for other financial management positions. Developing expertise in a rapidly growing industry, such as health care, could also be an advantage in the job market.