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What You'll Do: Your job will usually entail performing the following duties: analyzing company finance records in order to prepare reports and provide financial advice to company heads, ensuring that all financial transactions are responsible and lawful, supervising lower-level managers and meeting with them to come up with ways to maximize profit and minimize costs, doing research to learn more about current financial trends, exploring options to expand business by acquiring or merging with other companies, aiding company executives with making major financial decisions and more. Your specific duties will depend largely on what industry you are involved in and what type of organization you work for.

Your high-level position requires you to work at least 40 hours per week in an office setting, although your work day usually extends past the default scheduled times. Working evenings, weekends, and holidays may be mandatory on occasion. You are probably employed in the finance and insurance sectors with a large corporation.

Education and Training: The minimum educational qualification for a financial manager is a bachelor's degree in a business-related field such as finance, economics, accounting, or business administration. However, most employers prefer applicants who have master's degrees.

Corporate management positions usually require extensive real-world experience, so having five years or more is ideal. Most prospectives gain this experience by working as an auditor, sales agent, loan officer, analyst, or at another financial position for many years before being promoted to financial manager.

The Future: The financial management profession is expected to grow at about 9% through 2020, slower than the average for all occupations. Expect stiff competition for available positions. Candidates with a master's degree and/or certification will have the advantage.

The Pay: Annual salaries for Financial Managers in the U.S. range from $56,100 to $166,400, with the average median annual wage hitting $107,100 in 2011 as per the U.S. Bureau of Labor Statistics.

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