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Finance Manager Action Plan

The document outlines a five-year action plan for a finance manager career path, focusing on developing a strong financial foundation, earning certifications, finding a mentor, and achieving financial freedom. Each year includes specific goals, strategies, and a timeline for implementation, such as researching career paths, securing internships, and networking with professionals. The plan emphasizes continuous learning, income diversification, and mentoring others in the finance field.

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khongcogihet2k9
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48 views2 pages

Finance Manager Action Plan

The document outlines a five-year action plan for a finance manager career path, focusing on developing a strong financial foundation, earning certifications, finding a mentor, and achieving financial freedom. Each year includes specific goals, strategies, and a timeline for implementation, such as researching career paths, securing internships, and networking with professionals. The plan emphasizes continuous learning, income diversification, and mentoring others in the finance field.

Uploaded by

khongcogihet2k9
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

ACTION PLAN – FINANCE MANAGER CAREER PATH

YEAR GOALS STRATEGIES TIMELINE


Year 1 Develop a strong - Research finance Months 1-3:
financial foundation career paths and Research careers,
and improve salary levels build personal
performance - Create a personal budget, open
financial plan savings
- Open a savings Months 4-6: Start
account and build job/internship hunt,
an emergency fund complete 1–2
- Take online finance courses
finance/investment Months 7-9: Begin
courses (e.g., CFA budgeting, learn
Level 1, Excel for basic investing
Finance) Months 10-12:
- Seek internships or Review personal
part-time jobs in finances and adjust
financial services plan
Year 2 Earn certifications - Take advanced Months 1-3: Secure
and increase income certifications (e.g., better income
CFA, CPA) sources, study CFA
- Attend finance Level 1
workshops, Months 4-6: Attend
seminars events, increase
- Upgrade to higher- monthly savings
paying part-time or Months 7-12: Build
full-time roles a side income
- Save 20–30% of (freelance, stock
income using trading)
50/30/20 rule
- Begin small-scale
investments
Year 3 Find a mentor and - Network to find a Months 1-6: Start
diversify income finance mentor mentorship, small
- Earn industry- business, freelance
recognized projects
certification (e.g., Months 7-12:
CFA Level 2) Evaluate income
- Launch or expand growth, negotiate
side business raise or job switch
- Continue saving
and increase
investment ratio
Year 4 Work with high- - Allocate >30% Months 1-6:
level clients and income to Reassess
invest more investments investment
seriously - Plan large strategies, boost
purchases (e.g., car, portfolio
property) Months 7-12:
- Expand Network with
connections with professionals,
senior professionals, reduce liabilities
investors
- Ensure full debt
control and financial
stability
Year 5 Achieve financial - Review and Months 1-6: Achieve
freedom and restructure financial milestones,
become a mentor portfolio rebalance portfolio
- Set and reach long- Months 7-12:
term financial goals Reflect on journey,
(home, retirement) mentor others, plan
- Explore flexible, next steps
passion-based
career paths
- Mentor younger
finance
professionals

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