Rare Bosses

In big companies a university level commercial education is needed and asked from the financial managers. In quite a many countries there are separate institutes for the commercial education. The university level institute is usually called the school of economics.

Another way to the job of Financial Manager is a long successful career. Usually in the same company, which eventually offers you the job.

FM's work is quite safe. Unlike it is with the CEO and the heads of R&D, firings of Financial Mangers are quite rare.

Ignoring the power of the owners and committing a financial or auditing crimes are the most common reasons for firings.

Most of the fired Financial Managers are men.

Amongst CEO's and heads of the R&D's such difference does not exist. Men and women are fired at equal rate.

Monkey Businesses Missing spokes man.

You said that young people who are entering the adulthood and work life do not have a spokesman.

Few years ago current power keeper generation made a great invention. For the firings. They started to handle the layoff demands with retirement arrangements and options. According to the brightest ever, no-one gets hurt, when you do so.

But they were only cheating and lying ?
Yes. As usual. First of all, the fashion reversed the old tradition, where the eldest workers are privileged to work.

And second of all ?
The primary target of these handy arrangements were teenagers and young adults, who were about to enter the work life.

Most of the jobs the young people get, are jobs, which were earlier done by an elder person. And who retired. Even then when it is not direct change. When you start to follow the chain of jobs, young people get, at the end, you almost always find a person, who retired.

When layoffs are handled with retirement arrangement, the young person who is coming to the adulthood and work life, is  the person who actually gets fired. Before she or he is even hired. No-one defended and spoke for the young people to the current power keepers.

There were union leaders, professors from universities, bosses with big salaries, politics, movie medias and others, who were very happy with this great invention. The new invention and fashion was presented in everywhere. With bold and proud words.

Why did they do that.
No idea.

How can anyone be happy and proud, when he or she does things like this ?
Memorized the way people think about their children. To a certain group of people children are much like pets. The primary purpose of the children is to amuse their owners. And in this case their own parents.

When people talk about female bosses, for reason or another, the speakers usually forget, that the second biggest boss of the company is usually dedicated and given to women.

When we talk about the Board of Directors ( BOD ) in general level, every vacancy has it's own status and value. The biggest boss is CEO ( Managing Director in Europe ). And the second biggest boss in hierarchy is Financial Manager, right after the CEO.

There are some exceptions to this rule. In some companies, the Financial Manager is bigger boss, than the CEO. If company is for example in heavy financial difficulties, and in desperate need of money, the power is almost always transferred to the Financial Manager. Cases where smaller bosses overrun the Financial Manager are very rare.

What does she do ?

When the CEO is responsible for the sales and production, the Financial Manager is responsible for all the financial and money related things of the company. She pays the wages, bills and taxes. Besides this, she is responsible for the invoicing. She holds the purse, and makes sure, that the company has enough money for the bills and other costs.

The billing and book keeping are the most important applications for the companies, therefore IT departments often are and work under FM's control.

Women's share of the Financial Mangers has traditionally been over 50 percent. In small and big companies.

Hold on Tight

"Hold on tight" is very good way to describe the meaning of the existing achievements. Keeping hold of the existing achievements is much more easier than taking over or take control over the new areas.

At the moment, there is also a good reason for the phrase. In the recent years, and in big companies, men have conquered the chairs of the Financial Managers from women. Partial reason for this is probably the thing, that women and big medias are not aware about the existence and importance of this "reserved-for-women" vacancy.

Historical Background

The historical background of the female dominated vacancy is very simple.

When a small company is started, a woman is hired to do the office works of the company. She takes care of the bills, wages and other things.

When company grows larger, the amount of the paper and billing works increases. The office woman needs help. And more people are hired to handle the financials.

When the company grows, the original office woman transforms to the Financial Manager of the company.

During the industrial period ( in which we are currently living in ), the story has repeated itself so many times, that nowadays it is not rare, that when a company searches a new Financial Manager, it prefers women from men.

The commonness of the Female Financial Managers leads also to a thing, that when the vacancy of the financial manager is open, there are always more than one valid, professional female applicant.

Besides the tradition, women's commonness is increased by the thing, that women are usually more honest and takes better care of the company's finances than men. 

When we talk about financial managers, owners usually prefer women from men.

Team work and cost cutting

In a typical modern company CEO and Financial Manager work as a team.

Financial managers and Financial departments decide very many things in the company. They can use veto to all bigger projects and purchases : A permission from the FM is needed for all bigger purchases.

In tight situations FM's are quite autocratic bosses.  In practice the owners and the shareholder meetings are the only ones, which can overrun the FM's decisions.

If a company, for example, is going to launch a new product, the Financial Manager or her accounting department calculates the costs and gives a budget to the product.

When FM informs, that the brand new revolutionary product is too expensive, the great inventor is forced to go back to his drawing desk, with the tail between his legs. The company will never take too expensive products to the production.

The similar kind system goes also with the smaller things.

A degree from financials is needed, if you want to be a Financial Manager of a big, listed company. In smaller companies you need some sort of financial education.

Third bigger boss

In quite a many companies there is also a third bigger boss. Especially in manufacturing companies. The vacancy is the head of the R&D. Research and Development department is responsible for the future and the new products. Companies usually keep their heads of the R&D away from the publicity.

 In most sectors women are rare R&D managers. Men dominate R&D departments also in It-sector. In IT sector there are as many women and men in almost all other vacancies.

Exceptions to the male dominance are the companies, which make products for women.  Like, food, diaper, clothing and cosmetic companies.

Jack