Outline Of A Finance Manager Position Falls Under The Finance Career Cluster

on personal and corporate levels. This cluster also includes accounting and banking. Accounting is the analysis of financial data to give advice or preparing statements, while banking provides loans to individuals or businesses(Finance). The Financial career cluster plays a major role in our society on both a domestic and international level. The decisions made by people who work in this cluster can affect the global finance state. Their thoughts and decisions contribute to the solvency of many businesses which are major employers across the globe. If those companies do well, there are more jobs which strengthen the economy as a whole. While the global economy is shaped by many forces, in general, the Financial cluster attempts to address

Corporate finance is important to all managers because it provides managers the skills needed to identify and select the corporate strategies and individual projects that add value to their firm and forecast the funding requirements of their company and devise strategies for acquiring those funds.

Corporate finance is important to all managers because it allows a manager to be able to predict the funds the company will need for their upcoming projects and think about ways to organize and acquire those funds.

The key role of finance in any business is to manage money; whether it be raising capital through share capital and bank loans, raising credit (short-term capital), or handling the costs of the business. Without finance, a business would not function, as quoted by (Griffin, 2015); ‘Money is the lifeblood of a business and finance is the nerve center’.

List and describe the three career opportunities in the field of finance. Finance has three main career paths: financial management, financial markets and institutions, and investments. Financial management involves managing the finances of a business. Financial managers—people who manage a business firm's finances—perform a number of tasks. They analyze and forecast a firm's finances; assess risk, evaluate investment opportunities, decide when and where to find money sources and how much money to raise, and decide how much money to return to the firm's investors. Bankers, stockbrokers, and others who work in financial markets and institutions focus on the flow of money through financial institutions and the markets in which financial assets are exchanged. They track the impact of interest rates on the flow of that money. People who work in the field of investments locate, select, and manage income-producing assets. For instance, security analysts and mutual fund managers both operate in the investment field.

“The decision to study finance opens doors to perhaps some of the widest ranges of jobs available, as every type of organization needs financial assistance and oversight, no matter what they do. There is no question that the recent financial crisis has changed the landscape of careers in finance, but finance remains among the most competitive and attractive of all career fields (International student)”. The purpose of this paper is to describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company. The two financial career options that a person with finance education might pursue are financial specialists and finance analysts.

Chief Executives determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers. Judicial law clerks assist judges in court or by conducting research or preparing legal documents.

* Finance - The “science of funds management.” Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money, risk and how they are interrelated. Finance also deals with how money is spent and budgeted.

Executives are the top leaders in their companies. An executive is someone who has the power to put plans, actions, or laws into effect. An executive is usually a person with senior managerial responsibility. Executive compensation has core and employee benefits. An executive compensation emphasizes long-term or deferred rewards.

- CEO or President is the highest-ranking officer in the organization and is usually a member of its board of directors.

The top management team will be responsible for decision making on new markets, market expansions, acquisitions and divestiture if needed to maintain company financial obligations. Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, Chief Technical Officer, VP of Sales and Marketing, VP of Human Resources and founding members will be sitting in the Top Management team.

The median annual wage for chief executives was $175,110 in May 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $68,600, and the highest 10 percent earned more than $187,200.

Finance is the study of applying specific value to things we own, services we use and decisions we make. Financial management is the process for and the analysis of making financial decisions in the business context. The major subareas of finance are investments, financial management, financial institutions, market, and international finance. Risk is a potential future negative impact to value and or cash flow. It is often discussed in terms of probability of loss and the expected magnitude of the loss.

Financial Management is a critical aspect of any business in order to achieve a sustainable and efficient cash flow. It is essential in maintaining the link between a business’s future financial goals (profit maximization) and the resources that it has in order to achieve its objectives. Businesses demand certain common goals that increase a bussiness's all around achievement, Some of which involve; growth amongst assests, An increase in efficiency in all areas of the business whether it be management or not. And the ability to meet short term and long term debts. Finacial management undertakes the responsibility to implement and acheive these goals for the business using a range of strategies shaped to meet the needs of the business and

This paper will provide an analysis and evaluation of the challenges facing finance managers in a changing macroeconomic environment, the changes firms are making to the Chief Finance Officer’s role, the impact these changes are making to the firms’ performance and how these changes impact the role of financial managers and the consequences of the changes CFOs make to curb these new challenges.