Profession financier. How much is a modern financier worth? Modern financier

2019-12-27 104

Financial directors and financial managers are the most sought-after and highly paid specialists today. Any successful company is interested in hiring a true professional who would be able to efficiently manage financial flows and develop effective financial strategies.

Over the past two years, the demand for qualified financiers, economists and accountants has increased almost 2.5 times, and last year this profession was officially recognized as one of the most in demand in the modern labor market. Along with the increase in demand, there is also a rapid increase in wages: today the total income of a Russian financier is in no way inferior to the earnings of his foreign colleagues. And how much financiers earn depends on specific work experience, the specifics of the tasks being solved and professional skills.

Since the professional requirements for financial managers and financial directors are constantly increasing, only specialists who are actively engaged in improving their qualifications can count on high incomes and career prospects.

Who is a financier and what does he do?

In the classical sense, a financier is a person who owns and manages a large fortune, and also has interests in different sectors of the economy. Sort of like Warren Buffett or George Soros. But financiers are not only those who have made billions on Wall Street, but also financial workers who manage money for different companies every day. This is also how they earn a good living.

Financiers are specialists who carry out large financial transactions on a legitimate basis, are responsible for the distribution of cash flows in the company and for investing working capital. These are financial managers, CFOs, analysts, hedge makers, financial planners, forensics specialists and other specialists in whose hands the money of various organizations is located.

Financiers are not accountants or economists. If an economist analyzes indicators and plans budgets, an accountant calculates wages and is responsible for the timely payment of all taxes and contributions. The financier influences the fate of the entire company. It is he who decides where to invest the company’s money in order to increase it and take the business to a new level.

Financiers most often work in investment funds, financial and economic services, banks and stock exchanges. There, their responsibilities include lending, drawing up financial models, estimates, investment projects, conducting stock exchange and trading operations, and financial analysis of statements. Activities may include the introduction of new banking products and brokerage services.

How much does a financier earn?

The emerging trend towards wage growth became possible due to the fact that most companies went through business restructuring, analyzed the scope of their activities, minimized costs and optimized the recruitment mechanism. Many employers have clearly understood that in order to increase business efficiency and reach the international level, they need competent financiers who, in addition to educational diplomas and work experience, have real practical skills in working with serious monetary transactions, and also systematically improve their qualifications.

Survey of salaries of financiers 2016

(According to the recruiting company Antal Russia)

In 2018-2019, salaries for finance specialists increased significantly. For example, according to the same agency Antal Russia, financial directors and financial controllers began to receive 100-200 thousand rubles more per month.

Requirements for a financier of modern employers.

When searching for a financial director or financial manager, employers try to reproduce as clearly as possible the picture of an ideal candidate, where not only personal qualities, work experience and level of education are important, but also, of course, professional skills confirmed by qualification certificates.

Main job responsibilities of a financier:

Competent management of the company's financial flows;
Control of company income/expenses, ensuring efficient use of resources;
Business tax planning;
Strategic planning of the company's financial policy;
Analysis and minimization of possible commercial risks;
Monitoring the conduct of the company’s activities in accordance with current legislation;
Preparation of financial statements (including IFRS);
Financial and economic analysis of company transactions;
Control over the activities of financial and accounting services.

Finance skills needed for successful career advancement

Availability of professional skills confirmed by prestigious certificates. Today, financiers whose professional level is confirmed by the presence of diplomas from the world-famous professional institutes ACCA, CIMA, IPFM, etc. are in special demand;
Ability to think strategically. A financial specialist must be able to form a long-term perspective for the business as a whole, as well as monitor any financial and economic transactions and performance indicators of the company;
Work experience of 3 years. Employers give priority to highly specialized financiers with at least 3 years of experience in a specific financial field;
Knowledge of IFRS. As a result of the rapid transition of Russian companies to international financial standards, the demand for specialists in the field of transformation and consolidation of reporting has sharply increased. We can safely say that this requirement becomes mandatory for all financial specialists without exception;
Knowledge of the basics of tax, audit and accounting;
Knowledge of English. Knowledge of a foreign language gives accountants and financiers an excellent opportunity to qualify for a solid income and prestigious job in an international organization;

How can a financier increase his value in the labor market?

"Where did you study? What is your experience? What salary are you expecting? – these are no longer the main questions at an interview. Every modern employer is interested, first of all, in how often the applicant replenishes and updates his knowledge, skills and professional skills? Business processes, technologies, methods - all this is changing so quickly in the modern dynamic world that basic knowledge is no longer enough for a successful specialist to advance his career and earn a solid income. Education and advanced training throughout your career is the only way to maintain professional fitness and achieve career heights!

Continuous development and professional development is the only way to realize your ambitions!

The frantic pace of today and lack of free time are among the most common reasons for refusing full-time education. Trainings and seminars, trips to training centers, homework - all this takes a lot of time and does not always allow you to combine training with your main job and everyday activities. And the distance learning format in this case is the most profitable and convenient option, since only it provides the opportunity to independently plan your training schedule and thereby save valuable time.

To learn how to effectively analyze and manage cash flows of companies of different sizes, you need to take courses for financiers at our academy. Here you will be able to gain the necessary knowledge for your career from expert practitioners, without interrupting your work. And also confirm your qualifications in finance with prestigious international diplomas from IPFM, CIMA and ACCA.

In the modern world, the financial situation of many companies, small and large commercial enterprises that have existed in the market for a long time and have occupied their niche, is very precarious. This is due to constant fluctuations in exchange rates, an unstable geopolitical situation and many other factors that impede international trade and business development at the global level. Financiers will help solve specific problems in each individual company. But how?

Who is a financier

A financier is a person associated with the economic sphere. This is a specialist who controls all financial transactions of the company. He can enter into agreements with partners, work on the effective investment of financial capital in order to increase the company’s income, control revenues to the company’s budget and its expenses, and ensure that the company is not at a loss.

Do not forget that a financier is first and foremost an economist, that is, an analyst, and only then a business and sociable person who knows how to look for business partners and conclude profitable contracts. Based on this, the specialist must analyze his company, as well as competing enterprises, in order to choose the most successful development strategy, investment of funds, etc.

Responsibilities of a financier

A specialist in this field performs important functions in any company: he is responsible for financial strategy, income and expenses, as well as reporting on the company’s cash transactions. Consequently, his responsibilities include preparing the necessary documentation, reports, orders, instructions.

A financier is a specialist associated with cash flows. Therefore, he must have knowledge in accounting in order to competently keep records of all financial transactions that take place in the enterprise under his supervision.

Another official responsibility of a financier is to constantly study the market, its trends, competitors’ strategies, as well as analyze the economic and financial situation in his own company in order to maintain and increase income.

Qualities and skills of a financier

Not every person can build a career as a financier. A profession is a lifelong endeavor. Therefore, the one who chooses the specialty in question must have a number of personal qualities that will allow him to succeed in this field.

A financier is a person who is responsible for the material well-being of an enterprise, so he must have certain personal qualities that will allow him to effectively fulfill his official duties.

So, this specialist must be sociable and polite in order to communicate with partners and conclude deals. He must also be diligent and attentive, have analytical skills in order to find new strategies and development paths for the enterprise.

Logic is a tool that a financier will have to resort to very often. Thanks to her, he will be able to competently and consistently present his own ideas and argue his point of view.

It will always help you find a profitable solution in a given situation. Since the state of the foreign exchange market is constantly changing, the financier must choose a development strategy that can be easily adjusted in connection with specific circumstances.

Prospects for the profession

In the modern world, the profession of “financier” is a promising one that opens up enormous opportunities for a specialist. First, he must cooperate with other companies, and this is a way of acquiring connections in the market sphere. In addition, if you have to deal with foreign enterprises, a financier can practice his knowledge of a foreign language, visit other countries, and go on business trips.

Secondly, talented and successful specialists in this field earn a lot of money, because they ensure the material well-being of the entire company, that is, they occupy a very responsible position that should be well paid.

Thirdly, building a career in this field is an excellent way of continuous personal growth, improving communication skills and professional skills. Such a person always remains interesting and noticeable in society, attracting the attention of successful people.

Russian Financier Day

This holiday is traditionally (since 1802) celebrated in our country on September 8. The date was not chosen by chance: it was on this day, more than two centuries ago, that Emperor Alexander I established which, since then, has been monitoring the monetary manipulations taking place in the state treasury and distributing capital between various spheres.

Since then, financier has been a respected profession. Without specialists in this field, no company can function, and no enterprise can develop.

Financier is one of the most prestigious professions of our time. Specialists in this field of activity are highly valued, provided they are highly qualified. This is not surprising, since the goal of any commercial organization or enterprise is to increase capital. This is actually what financiers do.

Average salary: 48,000 rubles per month

Demand

Payability

Competition

Entry barrier

Prospects

Story

If we talk about the history of the emergence of the profession, previously all people who could increase their capital were called financiers. Managing money is an important skill that has helped to significantly increase the quality of life. In Russia, the profession appeared relatively recently. Previously, companies and enterprises managed with the help of economists and accountants. Now, adopting foreign experience, the owners and managers of commercial organizations have appreciated the importance of financiers. After all, these specialists, in conditions of tough competition in the market, help to maintain leading positions and develop effective ways to increase capital.

Description

The word “financier” is of French origin and means “skilled in finance.” A person in this field of activity carries out various financial transactions. Financiers can get a job in various organizations. These include investment funds and financial companies, economic and financial services, banks and exchanges, government bodies at the federal, territorial and municipal levels.

Financiers can choose certain financial areas for work: fiscal, regulatory and methodological, foreign economic, insurance, investment, etc. The responsibilities of financiers include: drawing up financial estimates and reports, conducting stock exchange transactions and taxation, conducting various trading operations, analyzing financial documents.

What specialties should I study?

If you want to become a good financier, then you should get a higher education. In this case, you will need to decide on your future specialty. So, you can choose the following specialties:

Finance and Credit (Master's Degree)

Where to study?

Currently, you can get a financier education in many higher educational institutions in Russia. The following universities offer the highest quality education:

St. Petersburg State Economic University.
Moscow State University of Economics, Statistics and Informatics.
Peoples' Friendship University of Russia. Patrice Lumumba.

What do you have to do at work and specializations?

As we said above, financiers can connect their professional activities with several areas: investment, insurance, fiscal, foreign economic, etc. Depending on the field of activity, the responsibilities of specialists will be determined. If you decide to work in the investment field, then in this case you will need to look for ways to profitably invest money in order to increase the capital of a company or enterprise. Each employer has its own requirements for specialists. However, they all have one thing in common - the need for a diploma of higher education and a high level of knowledge, perseverance in achieving goals.

Who is this profession suitable for?

People who have good knowledge of mathematical disciplines have every chance of becoming a successful financier. These people must have an analytical mind, good memory, and the ability to analyze the information received. Good financiers know how to concentrate on the tasks at hand. In this field of activity, perseverance and stress resistance are important. In addition, it is important to have high efficiency and a desire to achieve goals.

Demand

The profession of a financier is currently in quite high demand. If you get a diploma, then you have every chance of getting a good job. Financiers are needed in various government and non-government organizations: banks and exchanges, investment funds, economic and financial services. That is, you can get a job in any organization that seeks to improve the level of its activities. A financier is a specialist who will take on the responsibility of finding ways to increase capital.

How much do people working in this profession earn?

The salary of financiers depends on several factors: territorial affiliation, level of the company or enterprise, experience and knowledge of the specialist himself. If you have deep knowledge of finance and work experience, then you have every chance of earning a higher salary. Financiers can receive more than one hundred thousand rubles. Of course, in the initial stages the salary will be much less.

Is it easy to get a job and how is your career usually built?

Financiers do not experience great difficulties in finding employment. However, after graduating from a higher educational institution, you need to be prepared for the fact that you won’t be able to earn big money right away. You need to start with the smallest things. It is important to try to prove yourself from the best side, to show persistence and initiative. Prove that you are a good specialist and strive to develop. In this case, a successful career will be guaranteed to you.

Prospects for the profession

Will the financier profession lose its relevance? No. Any self-respecting organization that seeks to increase its capital and conduct successful activities needs the services of a specialist in this field of activity. So if you get a higher education and have good knowledge, then you will definitely not be left without a job.

Today, many Russian applicants want to study in the specialty of finance and credit. Before entering, we recommend that you find out what kind of profession this is, what opportunities it opens up for a modern person. It is difficult to name a specific position, because the specialty finance and credit provides a wide range of knowledge. After graduating from a higher educational institution, a student can easily find a company where he will be allowed to do an internship.

After graduating from the Faculty of Finance and Credit, the direction of employment may be different. For example, many companies seek to hire a qualified economist on their staff.

His responsibilities include conducting cost-benefit analysis. Additionally, you will need to make a profit forecast for future periods.

A specialist in this field will be required to analyze products and business objects. He will be able to track the dynamics of change through a detailed study of the current situation.

The total salary largely depends on the level of education, work experience and acquired qualifications.

An analyst is rarely trusted with serious reports if he has just finished . Good qualifications are inextricably linked with work experience. You will need to regularly take special courses that will increase your level.

Places for competition

When training is left behind, and the student already has a diploma in his hands, he will have to think about where to send his resume.

Today, such education allows you to get a job in the following organizations:

Working in a bank is prestigious and highly paid. With this qualification without work experience, you will be hired as a cashier. However, you can immediately apply for more profitable vacancies.
When working in an audit company, knowledge in the field of accounting will be useful. You can try your luck in other vacancies in this industry.
The knowledge gained at a university will be useful in many government organizations. For example, with this education you can work in the tax service or treasury.
The field of insurance and investment.
Commercial organizations and enterprises.
Insurance and investment business. Unfortunately, after the 2008 crisis, these organizations are little trusted in our country. There are several prestigious companies in Russia, but competition for employment is high.

Important! This educational profile allows you to work in any investment fund. Applicants should apply for the Analyst position. It should outline your capabilities and previous experience. If the requirements are too high, then it is quite possible to opt for another prestigious position.

Top professions

What kind of work can you do after completing your studies? Attention should be paid to the following positions:

finance manager,
analyst,
trader,
employee of any control department,
accountant or economist.

At the first stage, you will have to agree to the position of an ordinary financier. If a person strives for career growth, then in just a couple of years he will be able to apply for the position of chief in the department.

This option is considered optimal. However, you will additionally need to invest maximum knowledge and skills into your business. This desire is guaranteed to be appreciated. Prospects can be seen in the near future after graduation.

If a student has ambitions and desire to work in his specialty, then he can also submit a resume for the position of analyst. With the right approach to business and constant improvement of skills, you will be able to achieve success within a short period of time.

Otherwise, after gaining work experience, you should look for a job with better prospects. It is recommended to choose large corporations. However, narrow specialization is in demand today.

Your own business and related positions

If a person has extensive experience in this field or can boast of excellent knowledge, then the role of a trader is ideal for him. It is not always profitable to get a job at a brokerage
company. You can make a profit yourself. However, at the first stage you will need to find start-up capital.

Unfortunately, no one can give a young specialist guarantees in this area. That is why it is necessary to apply all your knowledge in order to avoid losses and crisis.

Any wrong decision can lead to a negative development of the situation. If the business is run successfully, the funds will be enough to provide for the whole family.

For those who strive to make high profits, it is recommended to try their luck and get a job as an accountant. With the right approach to business, in just a few years you will be able to confidently apply for the position of chief in the department.

Experts do not recommend staying in this position for a long time. The list of responsibilities is the same, so after a few years you can completely lose other skills. However, many financiers continue to work in this field due to the high pay and uncomplicated work. Even if the financier does not have any explicit offers, he will always be able to find a position with a good salary.

In the learning process, students should not be limited to the teachers of their institute. It is recommended to undertake an internship with experienced specialists from banks, tax authorities and audit firms.

As a rule, graduates are asked to write a thesis on the chosen enterprise. Thanks to this, they will be able to apply their theoretical knowledge in practice. A potential employer is guaranteed to appreciate them.

In preparation for the specialty finance and credit, the emphasis is on the humanities and social sciences. However, special attention is paid to the study of economic disciplines:

macro- and microeconomics.
international relationships.
cash flow theory.
history of economic relations.

Important! Future specialists also study banking and insurance, financial management and tax treatment. They are well versed in securities and can predict their growth and decline. The main goal of the courses is to learn how to competently and accurately make a forecast and be able to plan reasonably.

After studying at the university, the graduate will be able to operate with the following skills:

Practical application of knowledge in finance. Detailed analysis of the loan and its predicted impact on business activities.
Possibility of practical application of monetary regulation. After a detailed analysis, a specialist will be able to identify the connection between individual parts of cash flow. He is also well versed in taxes and insurance. The young expert’s skills will be useful in state and municipal branches.
A graduate of this specialty will be fully prepared for active work in the financial or credit sector. He will be able to navigate well in foreign economic activity and take an analytical approach to solving non-standard situations.
The person will be ready to provide high-quality economic forecasts and build prospects for the further development of a particular industry.
Former students are quite competitive even in related fields.

Managing financial flows in the modern market is difficult and responsible. Specialists in the field of economic activity of enterprises manage cash flows, predict changes in financial markets, analyze risks, and carry out financial transactions to invest capital in profitable projects.

There are many educational institutions throughout Russia, and this is a big plus for the younger generation. Graduates of universities and colleges become employees of large companies and small organizations. High-level professionals often act as consultants for people trading in the stock markets.

Just recently, financier as a profession was not popular; school graduates with a weak 4 in their certificate could easily enter financial and credit technical schools and universities. In conditions of universal free education, this situation had more advantages than disadvantages. No one thought about what they would have to do in the future, what qualities they needed to have in order to be successful in their chosen profession. The modest girls serving clients in savings banks did not arouse interest, and their work seemed boring and mediocre.

Now the situation has changed in many ways, and financier is almost the most prestigious specialty, although graduates of dubious educational institutions en masse forget about their diplomas and go to work in other industries, sometimes in completely opposite areas of activity. The lack of demand for certified specialists and the reluctance of employers to accept graduates without experience into their teams are, of course, considered by many yesterday’s students to be disadvantages that few people think about when choosing a profession. But this situation does not mean that financial specialties are not in demand in the labor market. Although company owners, as a rule, prefer to have experienced specialists on their staff to successfully manage their financial affairs. Yesterday's graduates always have a chance to start working by agreeing to a place with low pay, and the advantages are obvious, because this way they will gain experience and will be given a start for a more prestigious position.

What qualities should an employee have?

In any field, the success of a company depends on the level and professionalism of its employees. It is no coincidence that managers, entrusting experienced managers with the selection of personnel for a particular position, prefer only one out of dozens, or even hundreds of applicants. Management companies approach the selection of a financier with particular care and responsibility, because the dynamic development of a private company or joint stock company depends on the activities of a financial employee. This profession requires certain qualities. Advantages will be given to those applicants who have:

speed in decision making;
literacy and attentiveness;
honesty and responsibility;
ability to predict;
intelligence and communication skills.

The main quality that a modern financier must have is a sharp, inquisitive, analytical mind. He needs to have a broad outlook in the field of politics, legislation, psychology and other areas.

The work of financial workers has its pros and cons. Managing the movement of large monetary resources, they bear enormous responsibility for the successful operation of the enterprise.

Positive faces of a sphere

In a market economy, yesterday's students will easily find their place not only in credit institutions, but in investment, insurance companies or in any production sector of the national economy. For today's youth, these are advantages that no one could have dreamed of 30-40 years ago. Now they are gaining invaluable experience in acquiring skills in their profession. Many employers, accepting an inexperienced financier for an internship, give him the opportunity for career growth, subject to a responsible and interested attitude to the common cause.

There are many such enterprises now, and personnel for most of them is a matter of prestige and success. Often having extra-budgetary funds, managers consistently increase the salaries of valuable employees. After some time, yesterday's student, showing perseverance and professionalism, can become a commercial director or open his own business. Many books have now been published where you can find descriptions of acquiring money management skills with numerous examples.

The attractiveness of the profession of a financier also lies in the fact that the silence and comfort of office premises do not interfere with the peaceful pursuit of intellectual work; these are also advantages that a future financier should pay attention to, because a creative person, being in such conditions, can achieve tangible results in his work life .

A financier today is a promising path for young people; great opportunities open up before them. Specialists in financial and economic activities cooperate with many companies; they easily acquire profitable connections in related areas not only with Russian businessmen, but also with foreign partners. Perhaps someone will classify busy work as a disadvantage, but in vain, because it gives the opportunity to:

visit other countries;
improve practical skills of communication with foreign citizens;
make good money;
attract the attention of professionals in related industries;
expand connections in a market economy.

Negative aspects of activity

Many graduates of educational institutions dream of a prestigious job in large banks and successfully developing companies, where there is hope for a decent salary and prospects for professional growth. But high competition and an army of certified financiers do not allow most of them to get a profitable position. Large companies usually sign contracts with talented and experienced workers. Minor disadvantages should not scare away young people - those who want to achieve success will definitely achieve it.

Reputable corporations entrust financial affairs to specialists who have unique abilities for accurate forecasting and effective recommendations, so the disadvantages of the profession are also associated with the fact that if an employee makes mistakes, he is threatened with financial penalties.

The specialty of a financier takes a lot of time, and people, having devoted themselves to it, are forced to limit themselves in many ways, including communication with children and relatives. Money management is a challenging and demanding task, and the high prestige of this profession creates competition.