The education required to get the job includes studying finance; if one has done their M.B.A in finance, it makes it even easier for them to be eligible for the job because of the accounting skills that are required to maintain modern books of accounts and manage the money coming in from customers purchasing the travel package deals. One, however, need not study travel and tourism extensively. Mr. Higgs mentioned that experience is required greatly and in order to be eligible for the post one must have worked as a managing and finance officer in a firm and also must have internship experience in the same field in order to understand the intricacies of the job better. Managing money might seem to be an easy job but is very difficult because one has to maintain various records to be sent to different travel agencies as well as the government. Moreover, proper rates need to be taken from hotels and leisure activity organizers from various parts of the country in order to provide a proper deal to the customers.
The main thing to be kept in mind is the management of profits and losses; one has to be well versed with studying operational financial management because it involves knowledge regarding how to make profits for the organization and save it from incurring heavy losses. Proper accounts have to be made ascertaining the profits and losses on a long-term so as to determine the ups and downs that the company may go through. Moreover, he also has to ascertain the assets and liabilities of the organization based on which he helps the entire firm decide the money that it can shell out for its various activities. The daily obligations thus include day to day management and looking into the books of accounts and maintaining a hold on the finances being taken out and brought it back to the company. In a week, almost 6 hours a day are required because of the constant money that keeps going in and out of the company.