Topic > Career in Financial Management - 1140

Over the past decade the economy has collapsed and recovered dramatically. Many large corporations and businesses such as Ford, Chrysler and GM plants have closed, while new companies building pipes and drills have sprung up and retailers have expanded. With everything going on in today's society; companies are looking for good financial managers. Financial managers are the owls of a company's finances and everything that comes between them and their agencies. With a variety of other fields present, I personally feel that financial management is the perfect fit for me because I am a math major, love dealing with money, and work well with others. There have been many jobs that have interested me, but financial management has always been a statue because of its reliability and rapid growth. Within this article I will cover the history and requirements of this career, the job description, and a reflection on a career in financial management. Financial management has existed in the United States for centuries now, on September 2, 1789 in the United States, the Treasury Department was established but the powers were limited. In 1974, one of the most important offices of the Treasury, the Financial Management Service or (FMS), was created. This job was established to manage the U.S. financial collection and reporting system and guide federal programs in debt collection, investment management, and credit administration. In September 2001, a terrorist attacked and caused the New York Stock Exchange to shut down for a short period of time. It is estimated that there were over $60 billion in insurance losses alone. In 2005, hurricanes Katrina and Rita hit the United States, causing more than $200 billion in damage. The millions of government-funded companies... in the middle of the paper... hire financial managers on a temporary basis, to follow the organization during a period of crisis or to increase profits according to their opinion. With computers becoming a major factor in society; the time and staff required for financial reporting are reduced. Technology-savvy financial managers are needed to assist these programs. With the rapid expansion of the economy, accountants and financial managers are becoming popular, because companies need them to ensure that the financial health of their organization is secure. They are also needed to direct investment activities and develop strategies to help organizations achieve their future financial goals. MLA Works Cited Page1. www.fms.treas.gov/aboutfms/background2. www.CareerOverview.com3. www.BestJobsUSNewsCareers.com4. www.hackcollege.com5. www.prospects.ac.uk6. www.morganstanley.pwa