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Money Management Career Information

Explore a career in finance as a money manager.

What Do Money Managers Do?

money managers meeting

Excellent money managers are vital to business. Money managers can work in small or large businesses, the legal field, insurance, the government or as private consultants. They advise on investment activities, develop and oversee the preparation of reports, direct investment activities and implement cash management strategies. Money managers also implement the long-term goals of their organization.

 

Money Management Degrees

A career in money management can be quite demanding but also quite rewarding. Incomes are high, but hours can be long; many financial managers work within tight deadlines and under immense pressure. As the world of international trade grows, a money manager must understand and comply with federal, state and international laws and regulations, as well as continue to develop new products and complex financial instruments.

Training for a money manager starts with a bachelor's in finance, business or international finance or a related field. To advance in your career, an MBA is usually required, as well as experience in your chosen field. Continued training through conferences, graduate studies, special courses and completing examinations in various specialties are essential. Corporations often provide opportunities for employees to continue their education in finance, banking and securities management at local universities in order to keep their staff on top of the latest trends, laws and regulations.

Money Management Career Path

  Entry Level Mid Level Senior Level
Types of Roles Controller, financial planner, finance officer, credit manager Branch manager, financial manager, securities or fund manager Chief financial manager, chief financial officer
Getting There
  • Bachelor's degree in finance, accounting or a related field
  • Technology skills and experience (specifically Microsoft Excel and PowerPoint)
  • All entry-level requirements
  • MBA with a focus in finance or business management
  • Advanced certificates in accounting or finance
  • All mid-level requirements
  • Executive-level education and experience managing staff
  • Executive-level experience managing large financial portfolios
Description
  • Prepare financial reports, income statements, analysis of earnings and expenses, budget preparation and risk management
  • Manage securities and investments for private corporations, banks or individuals
  • Manage a staff of financial managers
  • Set policies and managing compliances for a business or financial institution
  • Manage planning, marketing and sales of financial products
  • Create and manage a network of corporate relationships
  • Orchestrate large transactions, mergers and acquisitions
  • Lead teams of people and consultants