Career in Financial Management

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Within the past decade the economy has fallen and arouse dramatically. Many large corporations and businesses such as Ford, Chrysler, and G.M. plants have closed, while new companies building pipes and drills have sprang up and retailers have expanded. With all of this occurring in today’s society; businesses are on the hunt for good financial managers. Financial managers are the owls of a companies finances and everything in between them and their agencies. With a variety of other fields present, I personally feel financial management is the perfect fitting for me because I am a scholar in math, who loves dealing with money, and works well with others. There have been a bouquet of jobs that have interest me, but financial management has always been a statue because of its dependability and rapid growth. Within this paper I will key on the history and requirements of this career, description of job, and a reflection of a career in the financial management field. Financial management has been in the United States for centuries now, on Sept 2, 1789 the U.S. Department of the Treasury was established but powers were limited. In 1974 a newer one of the Treasury’s major Bureau was created, Financial Management Service or (FMS). This job was established to manage the U.S. collection system and financial reporting, and guide federal programs in debt collection, investment management, and credit administration. During the month of September 2001 terrorist attacked and caused the New York stock exchange to shutdown for a short period of time. In estimation there was over $60 billion in insurance loss alone. In the year of 2005, Hurricane Katrina and Rita hit the U.S. and caused more than $200 billion in damage. The government financed mil... ... middle of paper ... ...ompanies are hiring financial manager on a temporary base, to see the organization during a low term of crisis or for their opinion to increase profits. With computers becoming a major factor in society; time and staff required for financial reports are being reduced. Financial managers who are adjusted to technology are needed to assist these programs. With the economy expanding rapidly accountants and financial managers are becoming popular, because companies need them to make sure that the financial health of their organization is safe. They also are needed to direct investments activities and develop strategies to help organizations with their future financial goals. MLA Works Cited Page 1. www.fms.treas.gov/aboutfms/background 2. www.CareerOverview.com 3. www.BestJobsUSNewsCareers.com 4. www.hackcollege.com 5. www.prospects.ac.uk 6. www.morganstanley.pwa

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