CFO, business manager salary

Occupational Profile: Financial Manager, Business-oriented Manager

Financial managers, often business-oriented managers, play a crucial role in directing and monitoring the financial health within an organization. They are responsible for developing financial strategies, monitoring budgets, and reporting financial results to higher management levels. This position requires not only a strong understanding of financial principles but also the ability to lead and motivate a team.

Salary Statistics

The average income for a Financial Manager, Business-oriented Manager is 47 800 SEK, showing a decrease from the previous year's average salary of 65 300 SEK. A comparison between genders shows that men earn an average of 51 200 SEK while women earn 45 700 SEK, meaning that women earn 89% of what men do.

Education and Qualifications

Becoming a financial manager typically requires a college education in finance, business administration, or a related discipline. Many financial managers also have further education such as a Master of Business Administration (MBA) or certifications specific to the finance profession, such as Certified Public Accountant (CPA). Continuous professional development is crucial as this profession is constantly influenced by changes in legislation and market conditions.

Employment Requirements

In addition to relevant education, several years of experience in finance or a related function are often required to qualify as a financial manager. Leadership skills, strong analytical ability, and communication skills are also critical to succeeding in the role. Experience in budgeting, financial reporting, and strategic planning are seen as advantageous.

Job Duties

A typical day for a financial manager may include overseeing the organization's financial reporting, analyzing financial trends, planning budgets, and ensuring all financial operations are in line with laws and regulations. They may also be involved in decisions that affect the entire business, such as investments or cost savings.

Considerations

For those considering a career as a financial manager, it is important to be prepared for high responsibility and often stressful situations, especially in times of economic uncertainty. A strong ethical foundation and the ability to handle confidential information are also important.

Benefits

Benefits for financial managers may vary depending on the organization but can include things like paid further education, a company car, a paid mobile phone, and bonuses based on the company's financial performance.