Senior managers - financial, communications and other business services

Overview

Senior managers in financial, communications and other business services are usually appointed by a board of directors, to which they report. They work either alone or in conjunction with the board of directors to develop and establish objectives for the company, and to develop or approve policies and programs. They plan, organize, direct, control and evaluate, through middle managers, the operations of their organization in relation to established objectives. They work in establishments throughout the telecommunications, finance, insurance, real estate, and data processing, hosting and related services industries as well as other business service industries or they may own and operate their own business.

This group performs some or all of the following duties:

  • Determine the company's mission and strategic direction as conveyed through policies and concrete objectives which are met through the effective management of human, financial and material resources

  • Authorize and organize the establishment of major departments and associated senior staff positions

  • Allocate material, human and financial resources to implement organizational policies and programs; establish financial and administrative controls; formulate and approve promotional campaigns; and approve overall human resources planning

  • Select middle managers, directors or other executive staff; delegate the necessary authority to them and create optimum working conditions

  • Represent the organization, or delegate representatives to act on behalf of the organization, in negotiations or other official functions.

  • Senior managers in this unit group may specialize in areas such as finance, marketing or human resources or in a particular service area.

Job titles

  • advertising agency president
  • assistant executive director - financial, communications and other business services
  • bank credit vice-president
  • bank president
  • chairman/woman - financial, communications and other business services
  • chairperson - financial, communications and other business services

Employment prospects

Source: BC Labour Market Outlook 2023 edition
The labour market information for this career is aggregate data for Senior government managers and officials, Senior managers - financial, communications, and other business services, Senior managers - health, education, social and community services, and membership organizations, Senior managers - trade, broadcasting and other services and Senior managers - construction, transportation, production and utilities.

Annual salary

Low

$100,672

Median

$192,522

High

$260,700

Job openings

Use this interactive map to explore job openings in different regions across B.C.

British Columbia

9,680

expected job openings (5-year forecast)

Education and training

Employment requirements

  • A university degree in business administration, commerce, computer science or other discipline related to the service provided is usually required.
  • Senior managers in finance usually require a professional accounting or financial designation.
  • Several years of experience as a middle manager in financial, communications or other business services are usually required.
  • Specialization in a particular functional area or service is possible through specific university training in that area or through previous experience.

Additional information

  • There is mobility among senior management occupations.

Certification requirements

Optional: The following certifications are optional to practice as Senior managers - financial, communications and other business services in B.C.

  • Chartered Financial Analyst® (CFA®) - Senior Managers
  • Chartered Professional Accountant (CPA) Designation - Senior Managers

Chartered Financial Analyst® (CFA®) - Senior Managers

To work as a financial analyst in BC, you may choose to earn a Chartered Financial Analyst (CFA®) designation. You can earn the designation by completing the CFA® Program and acceptable work experience requirements. Employment as a senior manager in financial, communications, and other business services may additionally require several years of related work experience.

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Chartered Professional Accountant (CPA) Designation - Senior Managers

To work as an accountant in BC, you may choose to earn the Chartered Professional Accountant (CPA) designation. Eligibility for this designation is achieved through the completion of a bachelor’s degree in any subject from a Canadian or international university and required prerequisite courses. Employment as a senior manager in financial, communications, and other business services may additionally require several years of related work experience.

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Work Experience

  • Work experience recommended

Post-secondary programs in B.C.

Explore programs related to this career offered at post-secondary institutions in B.C.

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