Financial Managers

(NOC 111)

What do Financial Managers do?

Financial managers develop and implement financial policies, systems, and procedures, prepare or co-ordinate and evaluate the preparation of financial statements, budgets, summaries, analyses, simulations, and management reports, establish profitability standards for investment activities, handle mergers / acquisitions, notify / report to senior managers about trends affecting financial performance, and evaluate financial reporting, accounting, and investing systems as well as recommend changes to senior managers.

How to become: Financial Managers

You usually need a university degree in business administration, commerce, economics or a related field. You may also need a master's degree in business administration (concentration in finance) or management. You may need a recognized accounting designation such as CGA (Certified General Accountant), CA (Chartered Accountant) or CMA (Certified Management Accountant). With several years' experience in accounting, auditing, budgeting, financial planning / analysis or another financial activity, you may move up the ranks to become a senior financial manager. Most recent entrants have an undergraduate university degree, and about 1 in 5 has a graduate degree.

Where to study for a career as: Financial Managers

Trent University
Peterborough, Ontario, CA

Related Program(s):
Economics (B.Sc.) Bachelor
Economics (B.Sc.) Bachelor; Honours
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Ontario Tech University
Oshawa, Ontario, CA

Related Program(s):
Commerce - Advanced Entry Bachelor; Honours
Commerce Bachelor; Co-op; Honours
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Brock University
St. Catharines, Ontario, CA

Related Program(s):
Economics Bachelor; Co-op; Honours
Economics Bachelor; Honours
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University of Guelph-Humber
Toronto, Ontario, CA

Related Program(s):
Business Bachelor; Honours
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Algonquin College
Ottawa, Ontario, CA

Related Program(s):
Bachelor of Technology (Business Systems Development) Bachelor; Co-op; Honours
Bachelor of Technology (Digital Health) Bachelor; Co-op; Honours
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Modified on January 26, 2022

How much do Financial Managers make?


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