For the 2 topics below:
- portfolio diversification,
- mergers and acquisitions.
Identify and briefly discuss two important concepts applicable to your professional discipline. What corporate finance jobs are likely to pay the most compensation over the next five years?
You must also respond to this hypothetical answer to the question above by 'Vernon':
Good job in the future:
The future looks bright for many in the area of financial planning, analysis, and advising. The most rewarding belongs to financial managing. According to US News, the outlook for financial manager shows is great with an average salary over $120,000 in 2012 (1). Financial manager are often referred to as "Light" treasures based on the fact that many aspect of the position are similar. Their job is to maximize ROI while minimizing the risk and assisting the management with strategic decision making (2). The financial department hierarchy inside many large corporations is lead by a Chief Financial Officer or CFO, followed by financial the Financial Planning & Analysis Manager or FP & A, the Controller, and the Treasure. They report directly to the CFO. The teams that fall under the managers are broke down into areas that concentrate on specific functions (Ausart).
My efforts in the future are still unfolding but I do have the inside track to helping our military resolve some of the financial issues that have plagued it for many years. Over the past 7 years I was able to save the US Army nearly $125 Million in construction and training development costs at Fort Benning. The folks on the Senate armed Services Committee took notice and are interested to see if there are other areas that can be refined. I know of many.
References
1. US News. (2014). Money USNews. Best Business Jobs, Financial Manager.
2. Career Planner. (2014). Job duties and tasks for financial manager.
3. Ausart, T. (n.d.). Mergers & Acquisitions. The Corporate Finance Jobs Hierarchy at a Fortune 500 Company: From Analyst Monkey to CFO.