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BUSINESS MANAGER: From Bussing Tables To Handling Finances

About this video 

Thomas, a Business Manager, has the important job of calculating and analyzing finances for an on-campus newspaper. Before, he worked mainly as a busboy until he finally took a chance on a new career direction.

Degree: Psychology
Job Title: Business Manager
Employer: UC Santa Cruz - City on a Hill Press

Job Summary: Financial Managers

Job Description

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

On-the-Job Training

None

Additional Info

Financial managers must usually have a bachelor's degree and more than 5 years of experience in another business or financial occupation, such as loan officer, accountant, auditor, securities sales agent, or financial analyst. As with other managerial occupations, job-seekers are likely to face competition because the number of job openings is expected to be fewer than the number of applicants. Candidates with a master's degree or certification should enjoy the best job prospects.

Quick Facts

Average salary
Average salary
National Statistic Change Location
Confirm
$55,000 - $170,000
Projected job growth
Projected Job Growth
0 to 10 percent
Typical schedule
Typical schedule
Full-time, Long hours
Typical workplace
Typical workplace
Office, Indoor
Personal qualities
Personal Qualities
Detail oriented, Analytical skills, Written communication skills, Verbal communication skills, Organizational skills, Mathematical skills
P3.instances[0].transcript.parse_transcript_data({"transcript":"<p><span m='320'>My</span> <span m='430'>name</span> <span m='680'>is</span> <span m='890'>Thomas</span> <span m='1230'>Palmer</span> <span m='1820'>and</span> <span m='2140'>I'm</span> <span m='2270'>a</span> <span m='2370'>business</span> <span m='2750'>manager</span> <span m='3240'>for</span> <span m='3610'>City</span> <span m='3900'>on</span> <span m='3960'>a</span> <span m='4140'>Hill Press.</span> <span m='4875'>A</span> <span m='5150'>typical</span> <span m='5560'>day,</span> <span m='6450'>I</span> <span m='7580'>work</span> <span m='7830'>on</span> <span m='7880'>my</span> <span m='7970'>spreadsheets</span> <span m='9150'>which</span> <span m='9560'>includes</span> <span m='9790'>a lot</span> <span m='9990'>of</span> <span m='10190'>number</span> <span m='10480'>crunching.</span> <span m='11210'>The</span> <span m='11380'>only</span> <span m='11540'>way</span> <span m='11690'>that</span> <span m='11840'>the</span> <span m='11920'>paper</span> <span m='12250'>makes</span> <span m='12530'>money</span> <span m='13120'>is</span> <span m='14030'>by</span> <span m='14520'>ad</span> <span m='14730'>revenue.</span> <span m='16030'>So</span> <span m='16590'>I</span> <span m='16700'>have</span> <span m='16980'>to</span> <span m='18860'>invoice</span> <span m='19320'>the</span> <span m='19410'>clients</span> <span m='20630'>and</span> <span m='20900'>track</span> <span m='21300'>how</span> <span m='21380'>much</span> <span m='21580'>money</span> <span m='22120'>we</span> <span m='22300'>could</span> <span m='22460'>make.</span> <span m='23330'>And then</span> <span m='23800'>bill</span> <span m='24040'>those</span> <span m='24240'>clients</span> <span m='25200'>and</span> <span m='25590'>put</span> <span m='25850'>that all</span> <span m='25970'>on</span> <span m='26130'>the</span> <span m='26190'>spreadsheet</span> <span m='26575'>to</span> <span m='26960'>kind</span> <span m='27170'>of</span> <span m='27260'>do</span> <span m='29330'>an</span> <span m='29440'>expense</span> <span m='29930'>and</span> <span m='30020'>income</span> <span m='30450'>analysis.</span> <span m='32140'>That's</span> <span m='32770'>my</span> <span m='32870'>typical</span> <span m='33290'>day.</span> </p><p><span m='33730'>During</span> <span m='33990'>the</span> <span m='34090'>week,</span> <span m='34560'>we</span> <span m='34670'>have</span> <span m='35170'>a</span> <span m='35270'>few</span> <span m='35490'>meetings</span> <span m='36160'>and</span> <span m='36540'>I</span> <span m='37170'>meet</span> <span m='37350'>with</span> <span m='37460'>the</span> <span m='37790'>leadership</span> <span m='38260'>team</span> <span m='39190'>and</span> <span m='39630'>we</span> <span m='40030'>discuss</span> <span m='41380'>the</span> <span m='41560'>business</span> <span m='42160'>aspect</span> <span m='42780'>from</span> <span m='43010'>my</span> <span m='43180'>end.</span> <span m='44780'>We</span> <span m='45110'>discuss</span> <span m='45630'>what</span> <span m='45810'>ads</span> <span m='46080'>are</span> <span m='46170'>going</span> <span m='46290'>to</span> <span m='46330'>be</span> <span m='46420'>placed</span> <span m='46730'>in</span> <span m='46780'>the</span> <span m='46860'>paper</span> <span m='47830'>for</span> <span m='47960'>that</span> <span m='48140'>current</span> <span m='48480'>week</span> <span m='48820'>and</span> <span m='48930'>the</span> <span m='49400'>weeks</span> <span m='49760'>to</span> <span m='49850'>come.</span> <span m='51610'>We</span> <span m='51920'>discuss</span> <span m='52780'>what's</span> <span m='53070'>going</span> <span m='53380'>into</span> <span m='53580'>the</span> <span m='53680'>paper</span> <span m='54010'>for</span> <span m='54160'>that</span> <span m='54360'>week</span> <span m='54995'>from</span> <span m='55270'>the</span> <span m='55370'>editorial</span> <span m='55850'>side</span> <span m='56080'>of</span> <span m='56150'>things.</span> <span m='57250'>And</span> <span m='57370'>then</span> <span m='58600'>any</span> <span m='58790'>points</span> <span m='59200'>that</span> <span m='59530'>people</span> <span m='59845'>want to</span> <span m='60160'>raise.</span> </p><p><span m='61250'>All</span> <span m='61430'>my</span> <span m='61510'>jobs</span> <span m='61820'>before</span> <span m='62120'>this</span> <span m='62430'>were</span> <span m='62630'>surprisingly</span> <span m='63570'>in</span> <span m='63880'>the</span> <span m='63970'>food</span> <span m='64239'>industry.</span> <span m='64900'>I was a</span> <span m='65269'>busboy</span> <span m='66470'>and</span> <span m='66620'>so</span> <span m='67160'>this</span> <span m='67480'>was</span> <span m='67660'>a</span> <span m='67790'>completely</span> <span m='68420'>new</span> <span m='68610'>job</span> <span m='68860'>for</span> <span m='69010'>me.</span> <span m='70410'>I</span> <span m='70540'>knew</span> <span m='70730'>the</span> <span m='71110'>business</span> <span m='71430'>manager</span> <span m='71750'>that</span> <span m='71850'>was</span> <span m='71950'>here</span> <span m='72080'>before</span> <span m='72410'>me.</span> <span m='74360'>So</span> <span m='74590'>she</span> <span m='75130'>told</span> <span m='75390'>me</span> <span m='75480'>when</span> <span m='75630'>the</span> <span m='76160'>job</span> <span m='76430'>opened</span> <span m='76760'>up</span> <span m='76990'>to</span> <span m='77110'>apply</span> <span m='78200'>and</span> <span m='78280'>I</span> <span m='78350'>did.</span> <span m='79110'>And</span> <span m='80700'>I</span> <span m='80790'>got</span> <span m='80970'>the</span> <span m='81090'>interview</span> <span m='81830'>and I sold</span> <span m='82250'>myself.</span> <span m='83490'>I</span> <span m='83610'>had</span> <span m='83780'>a</span> <span m='83820'>really</span> <span m='84000'>crappy</span> <span m='84350'>job</span> <span m='84610'>at</span> <span m='84780'>the</span> <span m='84850'>time</span> <span m='86150'>which I</span> <span m='86470'>wanted to</span> <span m='86790'>get</span> <span m='86930'>out</span> <span m='87110'>of.</span> <span m='87990'>And</span> <span m='88580'>so</span> <span m='89440'>I</span> <span m='89540'>really</span> <span m='89780'>pushed</span> <span m='90480'>myself</span> <span m='90990'>to</span> <span m='91650'>get</span> <span m='91890'>this</span> <span m='92110'>job</span> <span m='92810'>and</span> <span m='94140'>sell</span> <span m='94380'>myself</span> <span m='94790'>in an</span> <span m='94960'>appropriate</span> <span m='95400'>manner.</span> <span m='100000'>I</span> <span m='100100'>remember</span> <span m='100440'>saying</span> <span m='100710'>in the</span> <span m='100810'>interview,</span> <span m='101500'>cause</span> <span m='101720'>they</span> <span m='101810'>asked me the</span> <span m='102200'>similar</span> <span m='102530'>question</span> <span m='102840'>why</span> <span m='102990'>I</span> <span m='103020'>wanted</span> <span m='103310'>this</span> <span m='103490'>job,</span> <span m='103810'>and</span> <span m='104000'>I</span> <span m='104530'>told</span> <span m='104730'>them.</span> <span m='104940'>I</span> <span m='105040'>just</span> <span m='105140'>wanted</span> <span m='105430'>to</span> <span m='106190'>have</span> <span m='106390'>experience</span> <span m='106910'>in</span> <span m='107010'>a</span> <span m='107910'>new</span> <span m='108080'>direction.</span> <span m='109540'>I</span> <span m='109660'>was</span> <span m='109990'>sick</span> <span m='110210'>of</span> <span m='110270'>being</span> <span m='110390'>a</span> <span m='110550'>busboy</span> <span m='111670'>and</span> <span m='112030'>so</span> <span m='112160'>I</span> <span m='112200'>wanted</span> <span m='112580'>something</span> <span m='113160'>a</span> <span m='113420'>little</span> <span m='113620'>different.</span> </p><p><span m='114560'>It</span> <span m='114690'>would</span> <span m='114880'>have</span> <span m='115000'>helped</span> <span m='115370'>to</span> <span m='115490'>have</span> <span m='115650'>a</span> <span m='115710'>little</span> <span m='115930'>more</span> <span m='116110'>experience</span> <span m='116670'>with</span> <span m='116820'>Excel</span> <span m='117570'>and</span> <span m='118210'>potentially</span> <span m='118730'>QuickBooks.</span> <span m='119720'>QuickBooks</span> <span m='120200'>is</span> <span m='120390'>the</span> <span m='121120'>program</span> <span m='121560'>that</span> <span m='121690'>we</span> <span m='121810'>used</span> <span m='122180'>to</span> <span m='122830'>track</span> <span m='123170'>all of our</span> <span m='123430'>finances</span> <span m='124010'>and bill</span> <span m='124200'>our</span> <span m='124330'>clients.</span> <span m='126950'>And</span> <span m='127430'>having</span> <span m='128330'>very</span> <span m='128550'>little</span> <span m='128780'>experience</span> <span m='129229'>with</span> <span m='129360'>any</span> <span m='129729'>one</span> <span m='129960'>of</span> <span m='130060'>those,</span> <span m='131670'>it</span> <span m='132580'>required</span> <span m='133090'>me</span> <span m='133230'>to</span> <span m='133320'>do</span> <span m='133480'>a</span> <span m='133510'>lot</span> <span m='133690'>of</span> <span m='134430'>catch-up</span> <span m='134730'>and</span> <span m='135211'>learning.</span> <span m='136654'>But other</span> <span m='137135'>than that,</span> <span m='138790'>I</span> <span m='139350'>was</span> <span m='139540'>told</span> <span m='139940'>by</span> <span m='140350'>the</span> <span m='140440'>previous</span> <span m='140840'>business</span> <span m='141130'>manager</span> <span m='141560'>what</span> <span m='141710'>I</span> <span m='141760'>was</span> <span m='141910'>getting</span> <span m='142150'>into</span> <span m='143130'>and</span> <span m='143440'>I</span> <span m='143490'>feel</span> <span m='143920'>like</span> <span m='144090'>that</span> <span m='144230'>was</span> <span m='144340'>sufficient.</span> </p><p><span m='147540'>I would</span> <span m='147820'>just</span> <span m='148120'>say,</span> <span m='149190'>you've</span> <span m='149280'>got</span> <span m='149400'>to</span> <span m='149460'>put</span> <span m='149700'>forth</span> <span m='149950'>your</span> <span m='150090'>effort.</span> <span m='150750'>It</span> <span m='151270'>requires</span> <span m='151710'>a</span> <span m='151760'>lot</span> <span m='151920'>of</span> <span m='152050'>time,</span> <span m='153920'>a</span> <span m='153980'>lot</span> <span m='154260'>of</span> <span m='157070'>very</span> <span m='157390'>close</span> <span m='157750'>analysis</span> <span m='159450'>in</span> <span m='159650'>order</span> <span m='160120'>for</span> <span m='160300'>the</span> <span m='160480'>paper</span> <span m='161050'>to</span> <span m='162480'>move</span> <span m='163210'>smoothly.</span> <span m='166210'>We</span> <span m='166400'>had</span> <span m='166570'>a</span> <span m='166620'>big</span> <span m='167080'>change</span> <span m='168160'>because</span> <span m='169110'>of</span> <span m='169430'>lack</span> <span m='169710'>of</span> <span m='169800'>communication.</span> <span m='171010'>So the</span> <span m='171290'>paper</span> <span m='171430'>wasn't</span> <span m='171710'>doing</span> <span m='171930'>well</span> <span m='172820'>and</span> <span m='173060'>we</span> <span m='173180'>decided</span> <span m='173950'>at</span> <span m='174630'>one</span> <span m='174830'>point</span> <span m='175310'>we've</span> <span m='175450'>got</span> <span m='175550'>to</span> <span m='176250'>turn</span> <span m='176490'>everything</span> <span m='176870'>around,</span> <span m='177650'>got</span> <span m='177790'>to</span> <span m='177830'>have</span> <span m='177980'>clear</span> <span m='178200'>communication,</span> <span m='179865'>and</span> <span m='180120'>we</span> <span m='180310'>got</span> <span m='180430'>to</span> <span m='180500'>pay</span> <span m='180700'>very</span> <span m='180980'>close</span> <span m='181350'>attention</span> <span m='181950'>to</span> <span m='182840'>what</span> <span m='183020'>every</span> <span m='183240'>department's</span> <span m='183540'>doing.</span> <span m='185040'>Bringing</span> <span m='185340'>in</span> <span m='185640'>as</span> <span m='185940'>one</span> <span m='186240'>team,</span> <span m='186540'>rather</span> <span m='186840'>than</span> <span m='188640'>separate</span> <span m='188940'>departments.</span> </p>","file":{"id":208205,"video_id":"2701366724001","name":"64186690","duration":189738,"thumbnail_url":null}});

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