3 Questions to Ask Yourself Before Embarking on a Management Career

3 Questions to Ask Yourself Before Embarking on a Management Career It used to be that allemployees would, atsome point or another, have to considera tough questionIs my useful life as a worker coming to an end, and is it time to move into management to make something of my career? In truth, however, this question may be on its way out. Moving into management is no longer the only way out of a potential career dead end. In many companies today, employeescan move sideways, rather than upward, to enrich their careers and broaden their horizons. Alternatively, they can climb up specialist ladders, which lead to higher status without putting people in managerial roles.Overall, it seemsthat many employees arerealizing they donthave to become managers to advance their careers. A 2009 study from Randstadfound that more thanhalf of workers didnt want to move into management roles.Entry-level workers now h ave more choice than ever in their career options. Do they want to move upwards or sideways? Do they want to become specialists or managers?And so, rather than asking the age-old question of, How can I move up into management?, employees now ask a different question Do I want to move into management?For workers who find themselves pondering whether or not management is right for them, I offer the following three questions. Answer them honestly before you make any decisions about movingup the corporate ranks.1. Can You Handle an Uncertain Environment? One of the things that people dislike about being on the shop floor, so to speak, is being told what to do all the time.If you moveup the management ladder, on the other hand, youll find that you become more and more autonomous with each rung. However, with this autonomy comes increasing uncertainty.When youre a manager, things arent as black and white as they seemed when you were a junior worker. Theres no instruction manual. No one pe rson has all the answers. You may never feel youhave enough information to make the best decisions. The pressure of managerial autonomy isvery different from the pressure of junior-employee obedience and not everyone enjoys or thrives in this sort of climate.Before deciding to take a crack at ascending the management chain, ask yourself whether or not you enjoy uncertainty. Do you want toforge your own clear path through chaos where none existed before you? Do you have the skillsto be effective in a managerial environment? If not, are you confident you could develop them?If you can give a resounding Yes to most of these questions, then a management career may be right for you. Otherwise,you may want to reconsider your career path.2. Do You Enjoy Playing the Political Game? No matter where you fall in a companys chain of command, youll have to deal with workplace politics. However, you will find that the political machinations intensify as you go up the ladder. If you want to go int o management, expect to spend much less of your time focusing on tasks and muchmore of your time on greasing wheels, forging alliances, wining and dining, etc., etc.Research from FSU prof Pamela Perrewfound that aperson rarely gets promoted without having developed strong political skills.If you excel at andenjoy playing thepolitical game, then a management career is probably a great option for you. If politics is not your thing, you probably should stay away from management at least for the moment.3. Do You Even Enjoy Managing People? Many people fall into management careers without even consideringwhether or not they actually enjoy managing people. These people just see management as the next logical step, and they kind of sleepwalk into it.As a result, you can find many a frustrated manager who doesnt enjoy being away from the action. These managers dont want to be assigning work to others theyd rather be writing code, doing design, or crafting content.Prior to applying for a management post, you have to ask yourself if you even have a desire to do the kind of work that management entails.If you dont really want to do the dirty work of managing well, then you dont want to be a manager.If, after reading all of this, you find that you are still not totally sure about whether or not management is right for you, then you may want tosee ifthere is a low-risk opportunity for you to try out a management role within your business. For example, you couldact as a team leader for the duration of one project, or even move up to a management role with the stipulierung that, if it doesnt work out, you can return to your old role. (Such a stipulation will need to be negotiated beforehand, of course.)Also, just because management isnt right for you at this moment, that doesnt mean it wont be rightfor you later on down the line.Just make sure you ask yourself these questions any and every time you consider moving into management.

Careers in Corporate Finance

Careers in Corporate Finance Careers in Corporate Finance Controller. The duties of a controller involve accounting, financial planning, reporting and cost analysis. A controller may also be required to interface with auditors. You need extensive accounting experience for this job.Treasurer. A treasurers responsibilities involve cash management, asset acquisition and disposition, financial planning and raising capital. Analytical skills are required for this upper management position.Financial analyst. A financial analysts responsibilities includes determining financial needs, performing long-range financial planning, analyzing capital budgeting projects and possible asset sales and acquisitions, working on budgets, implementing financial plans, monitoring the market price of their firms securities, analyzing competitors, visiting credit agencies to discuss their firms position and analyzing leasing agreements. For this job, you must possess a broad understanding of finance, good a nalytical and computer skills.Investor relations officer. Investor relations officers disseminate financial information, addresses inquiries from investors, issues press releases regarding corporate events and organizes teleconferences with investors. The job involves a lot of contact with upper-level executives, and you must have a strong understanding of public relations and finance. If you have a background or experience in advertising or public relations, that will be a plus.Real estate officer. A real estate officer negotiates lease agreements, acquires real estate, valuates properties and finds real estate locations for a company. It requires an understanding of real estate and finance.Credit Manager. As a credit manager, you would be responsible for establishing policies for extending credit to vendors, establishing guidelines for collecting on credit and deciding whether to securitize receivables. You must be able to analyze accounting statements and have a good knowledge of the customer.Cash manager. A cash manager ensures that enough funds are on available to meet daily needs, establishes relationships with banks, puts excess funds into an interest-bearing concentration account, manages short-term credit needs and handles grenzberschreitend funds transfers. This is a detail-oriented job that requires strong negotiating skills.Benefits officer. As a benefits officer, you would be responsible for setting up employee 401k plans, determine health care benefits policies, manage pension fund assets and work with human resources to set up employee benefit plans. You must possess a combination of finance and human resources management knowledge and have an understanding of organizational behavior.