Forecast the future.
BECOME A FINANCIAL MANAGER.
Complete much of this bachelor’s degree at MCCC.
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Financial managers increasingly assist executives in making decisions that affect the organization, a task for which they need analytical ability and excellent communication skills. The role of the financial manager, particularly in business, is changing in response to technological advances that have significantly reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ideas to maximize profits. They often work on teams, acting as business advisors to top executives.
Through 2026, there will be about 1,460 annual openings in the state of Michigan – a growth rate of 18.4 percent – for financial managers at a wage range of $40-$72 per hour, according the state’s Bureau of Labor Market Information and Strategic Initiatives. The bureau predicts annual openings of 130 in Southeast Michigan, a growth rate of 20.1 percent. The local wage range is $42 to $74 per hour.
MCCC PROGRAM OPTIONS FOR THIS FIELD
Transfer Opportunities: Bachelor’s Degree
A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers.
For students who pursue an associate of applied science in business management at MCCC, the college has a seamless transfer articulation agreement with Eastern Michigan University for a bachelor’s degree in business administration with any major, including finance.
Students who wish to pursue four-year degrees in business administration (general business or specifically in finance) at other institutions may begin their education at MCCC. Transfer students may choose a variety of options for completing their first two years of study toward a bachelor of business administration degree. When pursuing any of these options, students should consult with an MCCC counselor or advisor and the institution they intend to transfer to when deciding which courses to take.
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