Skills & Knowledge
Most Important Skills for Financial Managers
- Monitoring Performance—Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- Being Aware of Others—Being aware of others' reactions and understanding why they react as they do.
- Learning New Things—Understanding the implications of new information for both current and future problem-solving and decision-making.
- Listening—Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Making Decisions—Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Managing People—Motivating, developing, and directing people as they work, identifying the best people for the job.
- Managing Time—Managing one's own time and the time of others.
- Persuading Others—Persuading others to change their minds or behavior.
- Reading—Understanding written sentences and paragraphs in work related documents.
- Speaking—Talking to others to convey information effectively.
Most Important Knowledge Areas for Financial Managers
- Administration and Management—Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Economics and Accounting—Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- Mathematics—Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- English Language—Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Customer and Personal Service—Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Sales and Marketing—Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Computers and Electronics—Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Education and Training—Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- Clerical—Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
- Law and Government—Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Different careers may be a good fit for your personality or interests. This career is:
- Enterprising—Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
- Conventional—Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Learn more about your interests. Take the MnCareers Interest Assessment.
Describe Your Skills
People who have worked in this career typically perform the following tasks. These statements can help a prospective employer understand what you can do, on a resume or during an interview.
- Using computers.
- Communicating with supervisors, co-workers, or people that work under you.
- Guiding, directing, and motivating people that work under you.
- Coaching and developing other people.
- Creating and maintaining interpersonal relationships.
- Monitoring information from a variety of sources to find problems.
- Organizing, planning, and prioritizing work.
- Evaluating information to determine compliance with standards.
The following careers use skills, knowledge, and abilities that are similar to those used for Financial Managers.
- Compensation and Benefits Managers
- Public Relations and Fundraising Managers
- Compensation, Benefits, and Job Analysis Specialists
- Financial Analysts
- Financial Examiners
- Supervisors of Non-Retail Sales Workers
- Chief Executives
- Human Resources Specialists
- Accountants and Auditors
- Financial Managers
- Risk Management Specialists
- Marketing Managers
- Sales Managers
- Budget Analysts
- Securities, Commodities, and Financial Services Sales Agents
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
Source: You can learn about our data sources in the About Us section.