Army Finance Officer Career Path

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Monthly Basic Pay: Grades O

Choosing your Path in the Army | GOARMY

The U.S. Department of Defense assigns a pay grade of O-1 to second lieutenants, O-2 to first lieutenants and O-3 to captains. Most officers start their Army careers as second lieutenants and, as of 2013, basic pay of $2,876.40 per month. After two years in the Army, pay increased to $2,994. The maximum pay for the rank, $3,619.20, was reached after three years of service. Minimum pay for a first lieutenant was $3,314.10 per month for the first two years, increasing to $3,774.30 after two years. With three years in the Army, an O-2 earned $4,347, and with four years, pay was $4,493.70. Maximum pay for the rank was $4,586.40, reached at six years of service. Starting pay for a captain was $3,835.50, increasing to $4,347.90 at two years, $4,692 at three years and $5,116.50 at four years. Thereafter, pay increased every two years until the maximum for the rank, $6,240, was achieved after 14 years in the Army.

How Long Does It Take To Become An Army Finance Officer

Army finance officers are responsible for handling and monitoring the money that is allocated to various army units. They also oversee any expenditures made by those units and maintain accurate records of all receipts and disbursements. This involves a great deal of paperwork, as well as significant computer skills. Becoming an army finance officer usually takes at least two years after receiving your degree in accounting or business management. You must first complete Basic Training before you can be considered for this position. Even if you have previous experience in the military, it will most likely take at least 18 months to become qualified for this position, according to the U.S Army Finance Officer Occupational Specialty Manual . The first six months will involve completing training courses on topics such as the handling of funds, financial recordkeeping, and basic computer skills. You will then need to complete six months of in-theatre training. If you are able to pass all of these tests successfully, you can be considered for this position. A bachelors degree is also necessary to qualify for the position.

Finance Major Career Path

When youre young, its easy to think that your career path is carved in stone. You go to school, get a job, work your way up the ladder, and retire with a gold watch. But today, more and more people are choosing to change their careers in the middle of their lives. And if youre a finance major, there are plenty of exciting new career paths waiting for you.

One of the most popular new career paths for finance majors in entrepreneurship. Many successful entrepreneurs started as finance majors. If you have an idea for a business or even just an interest in starting your own company, entrepreneurship may be the right path for you. There are many other career options for finance majors. This article will tell you everything you need to know about finance majors.

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List Of United States Army Careers

The United States Army uses various personnel management systems to classify soldiers in different specialties which they receive specialized and formal training on once they have successfully completed Basic Combat Training .

Enlisted soldiers are categorized by their assigned job called a Military Occupational Specialty . MOS are labeled with a short alphanumerical code called a military occupational core specialty code , which consists of a two-digit number appended by a Latin letter. Related MOSs are grouped together by Career Management Fields . For example, an enlisted soldier with MOSC 11B works as an infantryman , and is part of CMF 11 .

Commissioned officers are classified by their area of concentration, or AOC. Just like enlisted MOSCs, AOCs are two digits plus a letter. Related AOCs are grouped together by specific branch of the Army or by broader in scope functional areas . Typically, an officer will start in an AOC of a specific branch and move up to an FA AOC.

Warrant officers are classified by warrant officer military occupational specialty, or WOMOS. Codes consists of three digits plus a letter. Related WOMOS are grouped together by Army branch.

The Army is currently restructuring its personnel management systems, as of 2019. Changes took place in 2004 and continued into 2013. Changes include deleting obsolete jobs, merging redundant jobs, and using common numbers for both enlisted CMFs and officer AOCs .

Veterinary Clinical Medicine Officer

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Branch: Veterinary Corps

Primary duties: Veterinary clinical medicine officers perform a wide array of tasks centered around the government or privately owned animals. This covers anything from medical or surgical procedures, proper diagnosis or general supervision. They also spend time working on veterinary research and development. In this role, you should be focused, physically and mentally fit and be a critical thinker.

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What Are The Common Armed Forces Career Paths

Armed Forces

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There are over 175,000 fully trained personnel in the Armed Forces, according to the Ministry of Defence. And there are an equally impressive number of different job roles that you can do. While we cannot do into detail in all of them we have highlighted the most common career paths that new entrants into the Armed Forces will follow.

Following initial officer training at the Royal Military Academy, Sandhurst , Britannia Royal Naval College, Dartmouth or Royal Air Force College, Cranwell, you will be posted to your chosen regiment or corps, ship, or squadron or station where you will undertake specialist command training before being given your first command. From here your career will follow a structured path that will be geared towards being granted command of an entire unit by the time you turn 40 years old.

To proceed along this path you have a choice of one of four main roles: operational officer, technical officer, training and education officer, or logistics/support/administration officer.

Operational Officers are those who lead the troops from the frontline, directing and orchestrating technically advanced fighting systems on land, sea and in the air as well as commanding personnel.

Logistics/support/administration officers are the backbone of the operation. Just as organisations need people who work in IT, finance, HR or administrative roles, the armed services are no exception.

What Is The Salary Of An Army Quartermaster Officer

Army officers receive competitive pay and benefits, including healthcare and retirement benefits. The salary of an Army Quartermaster officer varies based on your rank and years of service. However, officers typically receive a good wage that allows them to live comfortably.

Following are the salary ranges for Army officers:

  • E-5 with 4 years of service: $37,832 $52,946
  • O-1 with 2 years of service: $41,362 $53,746
  • O-3 with 10 years of service: $73,378 $101,680
  • O-4 with 14 years of service: $87,176 $130,920
  • O-5 with 18 years of service: $99,594 $161,200

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Army Finance Officer Vs Army Finance Specialist

Though the two positions do share some similarities, there are also a number of differences between them as well. According to Military-Ranks.org, the main difference is in the responsibility the job entails, and the level of experience required. Army finance officers must have a great deal of experience in order to become qualified for this position, while army finance specialists must only have a few years of experience. Army officers are responsible for running the entire financial department, whereas enlisted army personnel is responsible for specific jobs within that department.

On the other hand, according to Military-Ranks.org, an army finance officer is responsible for managing the financial affairs of a military unit. This means being in charge of preparing public documents, receiving and depositing funds, purchasing supplies, and maintaining fiscal records. In contrast, an army finance specialist is responsible for preparing travel vouchers and receipts to claim reimbursement for expenses.

What Rank Is Quartermaster In Army

Women in Army Finance

Quartermaster is a rank in the United States Army. The rank of Quartermaster is typically held by officers who are responsible for supply and logistics operations. Officers who hold the rank of Quartermaster are typically in the rank range of Second Lieutenant to Major. The rank of Quartermaster is an excellent opportunity to develop your skills and knowledge in the field of supply and logistics.

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Functional Areas For Army Officers

A functional area is a grouping of officers by technical specialty or skill, which usually requires significant education, training, and experience. An officer receives his or her functional area between the fifth and sixth years of service.

The area is designated considering individual preference, academic background, the manner of performance, training, and experience, and needs of the Army. Here are the Branches and Functional Areas for Army officers.

Army Finance Officer Career Path

Army finance officers are responsible for financial management within the army. They manage and oversee all Army finances, including budgeting, accounting, and investing. In order to become an Army finance officer, you must have a strong background in business administration and accounting, as well as experience in financial management. The Army offers many opportunities for advancement within this career field, so if you are interested in pursuing a career as an Army finance officer, start by exploring the requirements and opportunities available to you.

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Air Defense Artillery Officer

Branch: Air Defense Artillery

Primary duties: Throughout their leadership and job duties, air defense artillery officers help defend the U.S. Army from aerial attacks, missile attack and more. Their various tasks include identifying targets, creating an air battle strategy and coordinating target engagement. Also, they execute various air defense artillery techniques and procedures. Air defense artillery officers should be physically fit, multitaskers and critical thinkers.

Who Is Eligible To Become An Army Finance Officer

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You are eligible to become an army finance officer if you are a citizen of the United States. You must be single, without dependents, and at least 18 years of age before entering into active duty. Males must also register with the selective service system within 30 days of turning 18 or before entering into active duty.

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What Does An Army Quartermaster Officer Do

Army quartermaster officers are responsible for a wide range of tasks, including:

  • Managing and distributing supplies and equipment This includes making sure that soldiers have the food, clothing, and equipment they need to do their job.
  • Tracking financial resources- Quartermaster officers are responsible for keeping track of how much money the unit is spending and making sure that funds are allocated appropriately.
  • Purchasing and maintaining equipment- Quartermaster officers are responsible for purchasing new equipment and maintaining existing equipment.
  • Keeping track of financial resources- Quartermaster officers are responsible for keeping track of how much money the unit is spending and making sure that funds are allocated appropriately.
  • Coordinating with other military units- Quartermaster officers must be able to work effectively with other military units in order to get the supplies they need.
  • Following orders and working as part of a team- Quartermaster officers must be able to follow orders and work effectively as part of a team.

Branch 27judge Advocate General’s Corps

The Army Judge Advocate Generals Corps attorney is responsible for offering legal support that involves military operations. They primarily focus on the areas of criminal law, legal assistance, civil or administrative law, labor/employment law, international/operational law and contract or fiscal law. This branch includes:

  • 27A Judge Advocate, General
  • 27B Military Judge

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Degree And Education Requirements

Before you can be commissioned as a military finance officer, youll usually need to achieve at least a four-year bachelors degree from an accredited institution. Although a specific major isnt required, studying finance will give you a leg up on military financial training later on. Majoring in business administration, statistics, accounting, economics, mathematics, or a related field could also be useful. Regardless of your major, you should take at least six credits in finance courses for career preparation. At times, military finance officers will attend graduate school to expand their opportunities in both military and civilian life. Earning a Master of Science in Finance or MBA in Finance could help you reach higher pay grades and advance as commander.

Career Path And Progression

How Your Career Can Evolve in the Army | GOARMY

With training and experience, you could rise up through the ranks from lieutenant to captain, major, colonel and beyond.

On leaving active service, you could use your skills, qualifications and experience to go into a new career, for example in management, planning or teaching. The Officers’ Association gives advice and support to officers on finding a career outside the army.

The Career Transition Partnership, Quest and Troops to Teachers also have more information on career options outside the armed forces.

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Explosive Ordnance Disposal Officer

Branch: Ammunition CMF, Mechanical Maintenance CMF and Ordinance Branch

Base salary:$45,853 per year

Primary duties: Explosive ordinance disposal officers are responsible for many duties including operation control during combat. As leaders, they inform others of potential dangers and are tasked with locating and rendering safe various explosive ordinances. Since they neutralize high-danger weapons and explosive devices, they’re put at high risk quite often on the job. Officers in this field should be physically fit and work well under stress.

Is Logistics A Stable Job

Logistics is stable because it has such a wide variety of roles available with many different employers who are always looking for new talent to grow their company with them into a success!

There are many different qualifications that can be acquired, but the most recognized qualification has a Bachelors Degree in Logistics. This type of education will open up more career possibilities within logistics management.

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What Is A Finance Officer

Overview

The finance officer provides financial and administrative support to clients, colleagues, and stakeholders of the company. You will prepare the company’s budget, process invoices, and prepare balance sheets. To do this, you must have in-depth knowledge of the organizational products and processes. You will manage the records and receipts while reconciling the daily, monthly, and yearly transactions of the company. All financial disputes raised by the customer service and sales teams of the company will be resolved by you. Most importantly, you will be a key point of contact for other departments of the company on financial and accounting matters. The educational requirement well suited for the post of finance officer is a university degree in Finance or Economics, Accounting, or any related field. You must be punctual and have high problem-solving skills. You must be able to adapt to different work ethics and be a good team player. Excellent communication skills, both verbal and written, are important. The finance officer earns an average of $78,317 a year.

Assignments For Army Officers

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Most officers will serve in positions from within their basic branch through their company grade years. Some officers will serve in a functional area or generalist positions that are not related to a specific branch or functional area after they are branch qualified as captains.

Officers serve their first eight to 12 years developing the leadership and tactical skills associated with their branch.

Following the Career Field designation, officers are assigned to positions within their Career Field or generalist positions. This type of assignment pattern promotes assignment stability and development within a branch or functional area.

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Army Officer Career Path Options

There are many communities within the Army. These communities of different jobs are called branches. The following is a list of all the branches of officers of the Army. Officers are accessed upon commissioning into a single branch and come from the Military Academy, Army ROTC, Army OCS every year as newly commissioned First Lieutenants typically.

Throughout their company grade years, it’s where they are assigned, developed and promoted. In their fifth and sixth year, they may receive a functional area designation within the branch and change branches throughout their career as desired or offered by the Army.

Branch 60 61 62medical Corps

The Medical Corps is composed exclusively of commissioned officers who have a degree of Doctor of Medicine from medical school or Doctor of Osteopathy from osteopathic school acceptable to HQDA. This branch includes:

  • 60A Operational Medicine
  • 60F Pulmonary Disease/Critical Care Officer
  • 60G Gastroenterologist

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Provide Essential Support In Operations And Peacetime

â YOU ARE A TROOP COMMANDER, BUT YOU ARE ALSO PREPARED FOR STRATEGIC OPERATIONS, NOT JUST TACTICAL ONES.â

Key Responsibilities

  • Command a troop of highly motivated Royal Logistic Corps soldiers in a huge variety of roles.
  • Deploy on operations and exercises, providing essential support to the Army.
  • Enjoy a constantly varied and rewarding career, including support to humanitarian relief operations and military deployments.
  • Become a logistics generalist or specialise as an Ammunition Technical Officer, Petroleum Operator, Port and Maritime Operations Officer or Contracts Officer.
  • Experience professional development throughout your career â gain accreditation while you serve.

Training For The Role

Step 1Youll start your career on the 44-week Commissioning Course at the Royal Military Academy Sandhurst. This is for all officer cadets, regardless of the Corps that theyre hoping to join.

Entry Requirements

Qualifications You Could Get After Training

  • Post Graduate Certificate in Conflict and Leadership studies
  • Membership of Chartered Management Institute
  • BSc in Logistics Management
  • Opportunity to gain higher qualifications as your career progresses

Rank Progression

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