It is crucial to keep current with changes in banking and finance.
As banking and tax laws change frequently, financial planning managers need to remain current with the latest trends and practices.
Some professionals pursue formal certification as a way to show their knowledge in the field and commitment to keeping their skills sharp or even take continuing education courses.
These extra career enhancements may increase job prospects and create avenues for career advancement.
These professionals may also supervise investment and accounting departments, in addition to working as business consultants in the public and private sectors.
Long work hours are often required for financial managers.
Financial planning managers also need familiarity with accounting, credit management, financial analysis and spreadsheet software and a willingness to travel and work long hours.
According to the Bureau of Labor Statistics (BLS), financial managers in May 2015 made a median annual salary of 7,990.
These credentials, which demonstrate additional training in the finance field, typically require several years of professional experience and at least a bachelor's degree.
Many colleges and universities offer master's degree programs in finance and business administration.