What is finance management?
Finance management is an essential role in an organization, and the primary goal is to ensure there is minimal
or no financial waste in the company’s processes. Finance managers spend the majority of their time monitoring
and analyzing data. They then use that information to advise senior managers on the best ways to maximize an
Among many other duties, a finance manager’s job description includes reviewing financial reports and
forecasts, which they use to help plan for the short-term financial needs and long-term financial goals of an
organization. Want to learn more? We’ll cover everything you need to know about a career in finance management,
including qualifications, day-to-day responsibilities, salary, and career opportunities.
How is it monitored?
The key performance areas for finance managers involve the long-term profitability of the organization. On a
daily basis, a finance manager’s goals and objectives at their most basic are to reduce costs and discover ways
to bring in more money, although specific benchmarks will depend upon the organization and its goals. Because
they deal with the financial information of an organization, a finance manager’s work must comply with all
applicable governmental laws, rules, and regulations.
Finance manager salary
So how much does a finance manager make? In the U.S., the average pay in 2019 was $147,530 per year. The salary range
for finance manager positions can span from approximately $68,000 to $182,000, and it depends on your location,
your experience, and the type of company.