Written by: Aleena Hussain
In this article, you will know:
- What is Financial Management
- Jobs of Financial Management in Pakistan
- Salary of Financial Manager in Pakistan
- Find Out This Field is a Match for You
What is Financial Management and What do Financial Managers Do?
Hire a Financial Manager!
Financial Management is the process of managing finances and capital for a company or an individual.
A financial manager provides guidance and support to clients on how to best increase profits and take measures for cost reduction.
Financial managers have to be up to date with the current political and economic situations. Have a thorough understanding of e-commerce and rising trading opportunities.
They provide support and encouragement regarding the use and flow of investments, assets, shares, and dividends.
Through the expertise of finance managers, one can keep record and safely invest in savings, pension, bonds, stocks, and securities.
They keep abreast of capital raising, hedging, and fluctuations in currency and product cycles.
Many insurance companies, accountancy firms, and financial institutions hire finance managers for portfolio management and auditing financial transactions.
Financial managers are hired by banking and building societies, general businesses, manufacturing, and multinational corporations.
Finance managers have a broad scope of employment with commercial and industrial companies, small to medium-sized enterprises or private consultancies.
Diplomas and certifications in Statistics, Economics, and Accountancy, are necessary. Internships and voluntary work also pay off when looking for financial related jobs.
An advanced degree with 2 to 3 years of work experience in any financial service firm is necessary to acquire useful posts in this field.
What Are the Required Skills in Financial Management?
Have numerical proficiency and be an expert in data analysis.
Have excellent written and verbal communication and interpersonal skills to interact with clients.
Have mediation and negotiation abilities.
A good financial manager can make profitable quick decisions, written and digital records of transactions and maintains a firm professional attitude.
And do you know 77% of Employers Not Happy with the Quality of Pakistani Graduates
These are the skills that lack in fresh graduates in Pakistan
- Verbal Communication (83.63%)
- Positive Attitude (71.93%)
- Team Working (64.91%)
- Critical Thinking (59.06%)
- Self Confidence (59.06%)
- Written Communication (57.31%)
- Drive &Resilience (57.31%)
- Stress Tolerance (47.37%)
- Adaptability (46.20%)
- Time Management (45.61%)
- Self-Awareness (45.03%) and Planning &Organizing (45.03%)
- Integrity (43.86%)
What Are the Career Prospects of Financial Management?
- Compliance Manager:
Ensures that all members of the company follow the rules and procedures by conducting environmental audits, developing risk management, and observing all financial transactions.
- Wealth Manager:
Manages and provides consultancy on matters of legal and estate services, investment and retirement planning, accounting and tax credits.
- Cost Analyst:
Controls company expenses by doing market research, auditing financial transactions, and maintaining mandatory budgets.
- Corporate Treasurer:
Is responsible for the financial health of a company, corporate liquidity, and investment securities.
- Insurance Account Manager:
Is responsible for maintaining the reputation of existing products, seek new sales opportunities, and ensure beneficial financial relationships with clients.
What Are the Important Points To Be a Financial Manager?
- Interests
- Economics and Finance
- Management
- Accounting
- Mathematics
- Law
- Business studies
- Numeracy
- Academic Qualifications:
BBA is also preferable.
A Master’s degree in Financial Management or Business Administration is required.
- Work Form:
You will have to travel on weekends when meeting with clients.
- Work Place:
- Obstacles:
There is also a lot of risks involved when managing significant finances.
What are the Financial Manager Salaries in Pakistan?
You can find Financial Management jobs in Pakistan from
- Health Care (Rs. 100,000 per month)
- FMCG (Rs. 85,571 per month)
- Home Appliances (Rs. 75,000 per month)
- Engineering (Rs. 75,000 per month)
- Group/Conglomerate (Rs. 71,676 per month)
- IT/Technology (Rs. 61,676 per month)
- Textile (Rs. 55,000 per month)
- Transport (Rs. 55,000 per month)
- Banking/Financial (Rs. 52,042 per month)
- Consulting (Rs. 52,042 per month)
- Manufacturing (Rs. 50,000 per month)
- Packaging (Rs. 50,000 per month)
What is the Future of Financial Management Jobs in Pakistan?
Pro Tip:
Go to Tool>Select Within 24 Hours, past week etc . You will be the first to apply for the job hence more chances for the job getting in the industry.
What are the Universities in Pakistan Offering Admissions in Financial Management?
Institute | City |
1. University Of Science &Technology | Bannu |
2. Government College University, Faisalabad | Faisalabad |
3. University Of Gujrat | Gujrat |
4. University Of Haripur | Haripur |
5. Air University | Islamabad |
6. Allama Iqbal Open University | Islamabad |
7. Bahria University, Islamabad | Islamabad |
8. Comsats Institute Of Information Technology [isb] | Islamabad |
9. International Islamic University | Islamabad |
10. National University Of Computer And Emerging Sciences, Islamabad | Islamabad |
11. National University Of Modern Languages, Islamabad | Islamabad |
12. National University Of Science &Technology | Islamabad |
13. Benazir Bhutto Shaheed University, Lyari | Karachi |
14. Institute Of Business Administration [khi] | Karachi |
15. Sindh Madressatul Islam University | Karachi |
16. Kohat University Of Science &Technology | Kohat |
17. Government College University, Lahore | Lahore |
18. Kinnaird College For Women | Lahore |
19. Virtual University Of Pakistan | Lahore |
20. Virtual University Of Pakistan | Lahore |
What is the Trend of Financial Management in Pakistan?
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