How to Become a Finance Manager: Australian Careers in Finance

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MBA (Innovation and Leadership)

Designed to give you world-class training that develops real-world business acumen, this online MBA (Innovation and Leadership) course is the ideal program for aspiring entrepreneurs and business leaders. Offered online by Ducere in partnership with the Torrens University, this groundbreaking MBA has been rated “Australia’s most innovative online MBA” by the Financial Review”.

Through the internationally-recognised program, you will gain insights from a global faculty of 250+ world leaders, including Presidents, Prime Ministers, billionaires, philanthropists, Fortune 500 CEOs, Nobel Peace Prize Winners and more

You will learn with a practical project-based curriculum where you’ll apply everything you learn to real-world situations and solve legitimate business challenges that will transform your career.

There are no exams for this course, instead, you will work on real projects with our industry partners such as KPMG, PwC, Disney, LinkedIn, Qantas, United Nations, Make-A-Wish, Australian Government and more.

Upon completion of this MBA you will walk away with a real understanding of how corporate innovation and leadership actually works, and have the skills to implement innovative projects in a business context.

Over 44% Of Ducere students received a salary increase or promotion before graduating

Online

Account Executive, Business Consultant, Business Development Manager, Chief Executive Officer (CEO), Entrepreneur, Finance Manager, General Manager, Human Resources Director, Managing Director, Marketing Manager, Operations Manager, Product Manager, Strategic Advisor

Price may vary

Full time: 12 months. Part-time: 2 years

Master of Management

Become a contemporary leader and an asset to any business with the online Master of Management at UNSW.

This masters course will equip you with the fundamentals of business and help you understand the key principles of self-management and working with others by drawing on insights from management, leadership, organisational behaviour and human resources disciplines. This course will also help you to understand the role of digital technology in an accelerating business world and how you can become a leader in a world riddled with digital disruption.

Created and led by academics who are at the forefront of the industry, you can ensure that your online learning experience will be of the highest standard.

Designed with the busy individual in mind, this 100% online course allows you to learn each subject in seven week blocks, allowing you to accelerate your study and graduate in as little as two years.

This management course will enhance your confidence, credibility and employability potential for managerial roles, so don’t delay, enquire today and start working your way up the ranks.

Online

Business Manager, Chief Executive Officer (CEO), Director of Operations, Finance Manager, General Manager, Managing Director, Marketing Manager, Project Manager, Sales Director

Price may vary

Accelerated; complete in as little as 2 years

BSB50120, BSB60120

Dual Diploma of Business and Advanced Diploma of Business

The Dual Diploma of Business and Advanced Diploma of Business from College for Adult Learning will teach you key business management skills through the Diploma, then further develop these skills with a strategic focus in the Advanced Diploma, expanding your career opportunities from business management roles to senior and executive levels. With the Diploma, you’ll be equipped with skills in budget management, finances and communication, developing policies for sustainability and managing business resources. You’ll then take these skills to the next level with the Advanced Diploma where you’ll build your knowledge in business strategy development, work health and safety, change management and corporate social responsibility.

You’ll learn how to:

Lead communication in the workplace to enhance transparency between departments and staff
Manage strategic workforce planning to attract and retain the talent you need for future growth
Manage organisational finances to monitor the business financial position and manage risk
Provide leadership across the organisation to increase engagement and develop a united culture.

Online

Business Manager, Change Manager, Chief Executive Officer (CEO), Finance Manager, General Manager, Managing Director

Price may vary

Approx. 20 months

Graduate Diploma in Applied Finance

The online Graduate Diploma in Applied Finance at UNSW is designed for professionals who want to build on fundamental financial knowledge to tailor their learning through relevant courses and real-world applications.

This course will enable you to apply, manage and lead financial functions with confidence. These skills can be applied at all business levels, and make you stand out in today’s world of finance.

Whether you’re looking to upskill and advance your career, make a change by entering the finance industry, or build a strong foundation to pursue the Chartered Financial Analyst (CFA) designation, you can accrue a wealth of financial knowledge and real-world applications through this postgraduate course from one of Australia’s most respected universities.

Online

Chief Financial Officer (CFO), Director of Finance, Finance Manager, Financial Advisor, Financial Analyst, Financial Planner, Hedge Fund Manager, Private Banker

Price may vary

Accelerated; complete in as little as 16 months

Graduate Certificate in Business

The online Graduate Certificate in Business at UNSW is designed for early career professionals and those with limited formal management skills that want to gain the business fundamentals to accelerate their career. Students develop the foundations in financial management, marketing and business economics while learning key principles in self-management and working with others. Complete your studies in a fast-tracked model and gain the practical skills needed to meet demand in an accelerating business world.

With intakes every two months, study one course at a time, 100% online and accelerated. The flexible learning model has no on-campus commitments, meaning you can study anywhere at any time, and graduate with a Graduate Certificate in as little as 8 months without compromising your career.

The Graduate Certificate provides you with the skills employers demand, in a fast-tracked model, and gives you a pathway to study the Master of Management.

Online

Business Manager, Finance Manager, General Manager, Marketing Manager, Operations Manager, Project Manager

Price may vary

Accelerated; complete in as little as 8 months

On this page

What is a Finance Manager?

What will I do?

What skills do I need?

Resources

What is a Finance Manager?

A career as a Finance Manager offers a dynamic and rewarding opportunity for individuals who are passionate about financial strategy and organisational success. Finance Managers play a crucial role in planning, organising, directing, and controlling the financial activities of an organisation. They are responsible for ensuring that financial operations align with the overall goals of the business, making their expertise invaluable in today’s competitive market.

In this role, Finance Managers oversee a variety of responsibilities that include budgeting, forecasting, and financial reporting. They analyse financial data to identify trends and provide insights that inform strategic decision-making. By collaborating with other departments, they ensure that financial practices are integrated into the broader organisational framework, fostering a culture of financial accountability and transparency. Their ability to communicate complex financial concepts in an accessible manner is essential for guiding teams and stakeholders alike.

Common tasks for Finance Managers involve preparing financial statements, managing cash flow, and conducting risk assessments. They also play a key role in developing financial policies and procedures that enhance operational efficiency. By utilising advanced financial software and tools, they can streamline processes and improve accuracy in reporting. This position not only requires strong analytical skills but also a keen understanding of market trends and regulatory requirements, making it a stimulating environment for those who thrive on challenges.

Overall, a career as a Finance Manager is not just about numbers; it is about making a significant impact on an organisation’s financial health and strategic direction. With competitive salaries and opportunities for advancement, this role is ideal for individuals looking to build a fulfilling career in finance while contributing to the success of their organisation.

Career snapshots For Finance Managers

The role of a Finance Manager is pivotal in ensuring the financial health of an organisation. They are responsible for planning, organising, directing, and controlling all financial and accounting activities. This career path is suitable for individuals who possess strong analytical skills and a keen understanding of financial markets.

Average Age: Typically around 40 years old.
Gender Distribution: Approximately 60% male and 40% female.
Hours per Week: Generally, Finance Managers work around 40 to 50 hours per week.
Average Salary: Ranges from $125,000 to $145,000 annually, depending on location and experience.
Unemployment Rate: Relatively low, around 3%.
Employment Numbers: Approximately 50,000 individuals are employed as Finance Managers in Australia.
Projected Growth: Expected growth of 10% over the next five years, indicating a strong demand for skilled professionals in this field.

This information highlights the stability and potential for growth within the Finance Manager career, making it an attractive option for those looking to advance in the financial sector.

What will I do?

A Finance Manager plays a crucial role in the financial health of an organisation, overseeing all financial and accounting activities to ensure effective management of resources. This position requires a blend of strategic planning, analytical skills, and leadership to guide the financial direction of the company. Finance Managers are responsible for developing financial strategies, managing budgets, and ensuring compliance with regulations, all while providing insights that drive business decisions.

Financial Planning – Develop and implement financial plans and strategies to meet the organisation’s goals.
Budget Management – Prepare and manage budgets, ensuring that financial resources are allocated effectively.
Financial Reporting – Generate accurate financial reports and statements for stakeholders to assess the organisation’s performance.
Cash Flow Management – Monitor and manage cash flow to ensure the organisation has sufficient liquidity for operations.
Compliance Oversight – Ensure compliance with financial regulations and standards, mitigating risks associated with financial practices.
Team Leadership – Supervise and mentor finance team members, fostering a collaborative and productive work environment.
Investment Analysis – Evaluate investment opportunities and provide recommendations to optimise returns.
Cost Control – Identify areas for cost reduction and implement strategies to improve financial efficiency.
Stakeholder Communication – Communicate financial insights and strategies to senior management and other stakeholders.
Financial Modelling – Create financial models to forecast future financial performance and support decision-making.

What skills do I need?

A career as a Finance Manager requires a diverse set of skills that are essential for overseeing an organisation’s financial health. Strong analytical abilities are crucial, as Finance Managers must interpret complex financial data and make informed decisions that align with the company’s goals. Proficiency in financial software and tools is also important, enabling them to manage budgets, forecasts, and financial reports effectively. Additionally, excellent communication skills are necessary to convey financial information clearly to stakeholders, ensuring that all parties understand the implications of financial strategies.

Moreover, a successful Finance Manager should possess strong leadership qualities, as they often lead teams and coordinate with various departments to achieve financial objectives. Strategic thinking is vital, allowing them to develop long-term financial plans that support the organisation’s growth. A solid understanding of regulatory requirements and compliance is also essential, ensuring that the organisation adheres to financial laws and standards. Overall, a combination of technical expertise, interpersonal skills, and strategic insight is key to thriving in this dynamic role.

Skills/attributes

Strong analytical skills
Excellent communication abilities
Proficiency in financial software and tools
Attention to detail
Leadership and team management skills
Strategic thinking and planning
Knowledge of financial regulations and compliance
Ability to interpret financial data
Problem-solving skills
Time management and organisational skills
Understanding of budgeting and forecasting
Adaptability to changing financial environments
Interpersonal skills for client and stakeholder engagement

Resources

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How to Become a Finance Manager: Australian Careers in Finance

What is a Finance Manager?

Career snapshots For Finance Managers

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes