manage financial and material resources

Undertake effective financial planning, using credit, savings, investments and pensions to achieve short and long term goals, using financial advices and guidance services with a critical mindset, comparing deals and offers when acquiring products or services and actively selecting appropriate insurance products.

ESCO classifies manage financial and material resources under the transversal skills and competences category, specifically in the applying entrepreneurial and financial skills and competences subcategory.

ESCO tags manage financial and material resources as a transversal (useful across every sector) skill — a signal of how portable it is when you change field.

Yes — manage financial and material resources is also known as manage personal budget for financial needs, select appropriate insurance products, exercise consumer rights, manage personal finances, undertake effective financial planning, use investments and credit to achieve long term goals, use financial advices and guidance services with a critical mindset, or compare deals and offers when acquiring products or services. They refer to the same underlying capability in the ESCO taxonomy.

The most reliable path is to pick a job or project that demands manage financial and material resources and learn through delivery. Complement that with role-specific roadmaps and short courses. Explore the occupations below to see where this skill is used in practice.