Introduction Choosing a long-term career is an essential life decision. I have decided that my five-year objective consists of obtaining my degree and pursuing a career in management within Finance. With 15 years of experience in Finance it makes considerable sense to continue my career in this field. This provides a significant amount of available career options. Career options include management of a small department within Finance such as Payables, Receivables, or Tax. Additionally, managing on an executive level is comprised of positions such as Company Controller, Director of Finance, as well as Chief Financial Officer. Finance managers act as the responsible party for the financial health of an organization. As a Finance Manager, it is a requirement to both develop and motivate staff. Financial managers require an in-depth working knowledge of the entire financial industry. The Finance manager plays a crucial role in how the organization functions collectively. I will benefit from the information in this thesis by using it to encourage me in making an appropriate career choice for my future.
The role of a Finance Manager A Finance Manager acts as an individual who is responsible for the financial health of an organization. Conceivably, there are various positions to consider when describing the role of a Finance Manager. These positions include such roles as Chief Financial Officer, Controller, and Treasurer. Additionally, Cash Managers, Risk
The financial manager establishes goals that will help to reach the organizations objectives, then creates steps in which they will use to achieve those goals.
According to Gitman, the goal of the firm, and therefore of all managers and employees, is to maximize the wealth of the owners for whom it is being operated (2009). The financial manager is responsible for acquiring sources of financing and allocate amongst competitive investment alternatives. The ultimate goal is to invest in projects yielding higher returns than amount of financing used to invest, so profits can be used satisfy claims and increase shareholder wealth. The issues facing financial managers are therefore to 1) increase sources of financing from investors and 2) increase shareholder wealth while maintaining a
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
Throughout my childhood and up into my middle school years, I had a solid plan for my life: to be an air traffic controller. It seemed like the perfect career for me. I am a highly organized and alert person. I like structure and to have control over the situations that surround me. And, most importantly, I find great satisfaction in helping others to meet their objectives and safely land at their desired destination. Air traffic control was the only career for me. I had my whole life planned out, including the exact airport where I would work. No one or nothing could sway me from the goals that I had set for myself.
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I will never look at a cubicle office job, a burger-flipping joint, or a salesman’s job and say, “that’s where I want to be in a few years.”. In my lifetime, I have never had an interest in an office job, quite unironically, I’ve always looked to the arts as a potential job source. I love colors, lines, shapes; I find beauty in it all. Art is all around us in this world, and I plan to contribute by becoming an animator. That is my dream job because it’s the ultimate way for me to utilize my creativity. I’ve jumped from multiple dream jobs to the next, at first I considered being a professional “fine arts” artist, working with pencil and any other medium to create classical pieces of work. As times progressed, I’ve slowly realized that the
For the longest time I could not decide on a major and a career to study throughout college. When I came to Georgia Southern University I discovered that they had a major that was very interesting to me. Sport Management id the ideal major for my interest and me. Since I love sports I figured that this would be the career for me. A degree in Sport Management helps to prepare for success in sport related occupations.
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.
In the contemporary world university degree is very important and many students enter the university each year to earn their bachelors or Master’s. Usually people use their university degree to advance their careers and to achieve success. But those people who have ambitions and who determinate with their career plans, the best decision is to continue education and to develop and improve theoretical knowledge and practical skills in chosen field. Besides educational background, practical experience also lays important role in the career. Due to my current obligations (work/life) I have the desire to receive further education cannot interrupt my current career and do not have an opportunity to attend traditional classes and to devote
My whole life I have always wanted to do something where people will remember me. I went threw millions of career choices before I came to the conclusion of a nurse. It’s not something that will get me into History books, but its something where all the people I help will remember what I did to care for them or their loved ones. My mom went to school to become and RN, but dropped out when she became pregnant with me. After that story was told to me, I didn’t want to be anything related to nursing. It wasn’t until my step mom went to school to be LPN that I realized it would be possible for me to do. I saw how much happiness it gave her, and I want the same thing. She loved helping the patients by treating them, and helping their families
My Career Plan The future is uncertain for me, but it is important to develop a career plan that will provide financial support and personal fulfillment over the course of my professional life. To make this transition from school to a professional career, I am going to plan a plan that will help me stay focused and motivated in meeting my goals and objectives. In the next paragraphs, I will explain my ten-year plan for my
I have chosen a career as a paralegal. This is a field that I expect will be both challenging as well as professionally rewarding. As a paralegal, I will assist attorneys in the delivery of legal services (National Association of Legal Assistants, 2008). A career in paralegal studies is a prestigious, professional adventure and offers a wonderful opportunity while enhancing ones knowledge of the law and provides for challenges, growth and advancement.
The role of the financial Manager in today’s business world has been rapidly changing. The change is fuelled by technology innovation in particularly, digital technology and increasing information processing power. Since the financial crisis in 2008, firms have been working to restructure their operations as a means of survival. This has led to the modification of many management roles, more so the role of the Chief Financial Officer (CFO). As a means for survival, firms started by cutting on costs, becoming more lean and efficient. However, today there is no more room for cutting on costs and firms have been looking to growth as a way to increase profitability. Growth comes with new uncertainties and challenges which financial managers have to consider when making their financial decisions. These new macroeconomic challenges facing the finance function include: Regulation, Globalization, Technology, Risk, Transformation, Stakeholder management, strategy, reporting, and Talent and capability.
Choosing a right career path can be tough. Especially, when the parents are involved. Parents want their children to have a better life in the future so they want their children to be educated. When they are successfully graduate from the college they can get a high paying job and earn much more than their parents. However, does everyone listen and follow their parents’ decisions about the career? What happen if kids didn’t want what their parents told them to do? Is there a compromise and or one side needs to give in? It was a tough decision for me too. There was a lot of pressure on me. I was hesitated and somehow worried when my parents were involved, but I knew what I want for my career.
Finding a specific career path can not only be difficult, but it can also induce bouts of anxiety, anger, and sadness over a crucial part of an individual’s life. Settling on a career can be unnerving when thinking about the fact that this is the career that you spend thousands of dollars on in college, that this is the career you will work in until you retire. With this course, I’ve found that it has been easier to narrow down a goal towards finding a career. Through career assessments, different assignments and discussions, I have realized what my barriers and strengths are. Overcoming these and improving these skills or applying them to an actual career assisted me in narrowing my goal as well. I am now able to clearly see the advantages and disadvantages of my career goal and to think clearer about the next steps that I will take after this course.