1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
What is a Chief Executive Officer/Chief Finance Officer?
There is more than meets the eye when it comes to being a chief executive officer/chief finance officer. For example, did you know that they make an average of $76.26 an hour? That's $158,615 a year! Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
What Does a Chief Executive Officer/Chief Finance Officer Do
There are certain skills that many chief executive officer/chief finance officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed leadership skills, management skills and problem-solving skills.
How To Become a Chief Executive Officer/Chief Finance Officer
If you're interested in becoming a chief executive officer/chief finance officer, one of the first things to consider is how much education you need. We've determined that 63.9% of chief executive officer/chief finance officers have a bachelor's degree. In terms of higher education levels, we found that 19.5% of chief executive officer/chief finance officers have master's degrees. Even though most chief executive officer/chief finance officers have a college degree, it's possible to become one with only a high school degree or GED.
Chief Executive Officer/Chief Finance Officer Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a chief executive officer/chief finance officer can determine their career goals through the career progression. For example, they could start out with a role such as chief executive officer, progress to a title such as founder and chief executive officer and then eventually end up with the title founder and chief executive officer.
Chief Executive Officer/Chief Finance Officer
Founder And Chief Executive Officer
7 Years
Chief Operating Officer
11 Years
Advisory Board Member
5 Years
Board Of Directors Member
8 Years
Operations Director
9 Years
Managing Director
11 Years
Show More
Average Salary for a Chief Executive Officer/Chief Finance Officer
Chief Executive Officer/Chief Finance Officers in America make an average salary of $158,615 per year or $76 per hour. The top 10 percent makes over $253,000 per year, while the bottom 10 percent under $99,000 per year.
Average Chief Executive Officer/Chief Finance Officer Salary
$158,615Â Yearly$76.26 hourly
What Am I Worth?
Roles and Types of Chief Executive Officer/Chief Finance Officer
There are several types of chief executive officer/chief finance officer, including:
Chief Finance Officer
Role:
Taking it all the way to the top. As a chief finance office, you may not be the CEO, but you're pretty far up there. In fact, you're so far up the chain of command that you're in charge of all of the company's financial actions. That's a job with a lot of responsibility.
As the CFO, you get to follow the company's cash flow and spend some time doing financial planning to ensure everyone is staying on budget. You may even get to allocate some funds to an under-budgeted department. But the biggest part of your job is identifying any weaknesses or strengths that the company has when it comes to the green stuff.
As the CFO, you can't be someone who just says "yes" all of the time. You have to have a keen mind when it comes to budgeting because you don't want to be the cause of the company going bankrupt. So you'll have to say "no" from time to time. But you'll survive.
As the CFO, you get to follow the company's cash flow and spend some time doing financial planning to ensure everyone is staying on budget. You may even get to allocate some funds to an under-budgeted department. But the biggest part of your job is identifying any weaknesses or strengths that the company has when it comes to the green stuff.
As the CFO, you can't be someone who just says "yes" all of the time. You have to have a keen mind when it comes to budgeting because you don't want to be the cause of the company going bankrupt. So you'll have to say "no" from time to time. But you'll survive.
- Average Salary: $143,947
- Degree: Bachelor's Degree
Finance Manager
Role:
Finance managers take care of the finances of an organization. You have to produce reports, carry out research, and come up with beneficial financial strategies. Your responsibility also involves tracking the financial performance of your company to note areas for improvement. Also, you will assist top executives in making good business decisions with the present state of the organization's finances.
As a finance manager, you are to monitor the daily financial operations of your company. You will also oversee the other staff members in the financial department. Finance managers continuously look for ways to reduce the company's financial risks. More importantly, you make the company comply with the financial legislation.
A degree in accounting, finance, economics, or business is a major requirement. Some organizations prefer candidates with prior work experience in a related field. You should have exceptional mathematical, leadership, and communication skills. In-depth knowledge of business principles is also necessary. Finance managers make an average of $93,198 yearly.
As a finance manager, you are to monitor the daily financial operations of your company. You will also oversee the other staff members in the financial department. Finance managers continuously look for ways to reduce the company's financial risks. More importantly, you make the company comply with the financial legislation.
A degree in accounting, finance, economics, or business is a major requirement. Some organizations prefer candidates with prior work experience in a related field. You should have exceptional mathematical, leadership, and communication skills. In-depth knowledge of business principles is also necessary. Finance managers make an average of $93,198 yearly.
- Average Salary: $101,374
- Degree: Bachelor's Degree
Chief Operating Officer
Role:
When we look at big companies like Apple, we almost always wonder how is it possible that a chief executive officer (CEO) can manage so many decisions within a day? By using the concept of delegation, a chief executive officer (CEO) can prioritize and shift project responsibilities to different sub-leaders for efficient completion. The role of a chief operating officer (COO) is a sub-leader that is analogous to a queen in a chess game.
A chief operating officer is involved in managing day-to-day operations in line with the business strategies set by the chief executive officer. Their tasks, daily, entail managing vendor relationships, implementing business processes, developing internal financial controls, and facilitating market expansion.
The requirements of becoming a chief operating officer by an employer can be quite vague, given the high-level cross-functional skillsets involved. However, you can land this position if you can demonstrate a few years of experience in managing operations of a medium scale project successfully. To get this role, you can study for a business degree or even a science-related degree. They earn on average $86 per hour and usually work more than 40 hours per week.
A chief operating officer is involved in managing day-to-day operations in line with the business strategies set by the chief executive officer. Their tasks, daily, entail managing vendor relationships, implementing business processes, developing internal financial controls, and facilitating market expansion.
The requirements of becoming a chief operating officer by an employer can be quite vague, given the high-level cross-functional skillsets involved. However, you can land this position if you can demonstrate a few years of experience in managing operations of a medium scale project successfully. To get this role, you can study for a business degree or even a science-related degree. They earn on average $86 per hour and usually work more than 40 hours per week.
- Average Salary: $136,604
- Degree: Bachelor's Degree
States With The Most Chief Executive Officer/Chief Finance Officer Jobs
Mouse over a state to see the number of active chief executive officer/chief finance officer jobs in each state. The darker areas on the map show where chief executive officer/chief finance officers earn the highest salaries across all 50 states.
Average Salary: Job Openings:
Number Of Chief Executive Officer/Chief Finance Officer Jobs By State
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 8,443 | $149,588 |
| 2 | Texas | 6,775 | $158,593 |
| 3 | Illinois | 4,435 | $139,141 |
| 4 | New York | 4,207 | $169,316 |
| 5 | Massachusetts | 3,632 | $170,008 |
| 6 | Pennsylvania | 3,613 | $126,689 |
| 7 | Florida | 3,564 | $158,312 |
| 8 | Georgia | 3,298 | $140,040 |
| 9 | North Carolina | 3,133 | $134,813 |
| 10 | New Jersey | 3,012 | $164,777 |
| 11 | Ohio | 2,811 | $144,720 |
| 12 | Washington | 2,612 | $185,935 |
| 13 | Minnesota | 2,543 | $132,714 |
| 14 | Virginia | 2,414 | $167,745 |
| 15 | Maryland | 2,200 | $136,716 |
| 16 | Michigan | 2,190 | $132,947 |
| 17 | Colorado | 2,092 | $131,346 |
| 18 | Arizona | 2,056 | $143,998 |
| 19 | Tennessee | 1,844 | $140,987 |
| 20 | Missouri | 1,788 | $151,921 |
| 21 | Wisconsin | 1,754 | $122,352 |
| 22 | Indiana | 1,695 | $115,060 |
| 23 | Alabama | 1,244 | $139,654 |
| 24 | South Carolina | 1,182 | $130,605 |
| 25 | Connecticut | 1,117 | $157,619 |
| 26 | Iowa | 921 | $113,311 |
| 27 | Utah | 908 | $115,757 |
| 28 | Louisiana | 847 | $146,867 |
| 29 | Kentucky | 843 | $114,755 |
| 30 | Oregon | 815 | $138,582 |
| 31 | Nevada | 782 | $172,441 |
| 32 | Nebraska | 654 | $132,799 |
| 33 | Idaho | 624 | $104,413 |
| 34 | Oklahoma | 622 | $119,727 |
| 35 | Kansas | 602 | $123,799 |
| 36 | Mississippi | 601 | $93,887 |
| 37 | New Mexico | 534 | $150,928 |
| 38 | Arkansas | 532 | $123,714 |
| 39 | New Hampshire | 488 | $129,343 |
| 40 | Rhode Island | 478 | $142,417 |
| 41 | Maine | 355 | $103,544 |
| 42 | North Dakota | 354 | $115,613 |
| 43 | West Virginia | 343 | $129,735 |
| 44 | Delaware | 334 | $147,267 |
| 45 | South Dakota | 261 | $112,881 |
| 46 | Vermont | 246 | $126,798 |
| 47 | Hawaii | 188 | $161,419 |
| 48 | Montana | 183 | $110,593 |
| 49 | Wyoming | 148 | $117,365 |
| 50 | Alaska | 146 | $132,019 |
Top Colleges for Chief Executive Officer/Chief Finance Officers
2. Northwestern University
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
3. University of Southern California
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
4. University of Texas at Austin
Austin, TX • Private
In-State Tuition
$10,610
Enrollment
40,329
5. Northeastern University
Boston, MA • Private
In-State Tuition
$51,522
Enrollment
13,760
6. SUNY at Binghamton
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
7. Bentley University
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
8. Lehigh University
Bethlehem, PA • Private
In-State Tuition
$52,930
Enrollment
5,030
9. George Washington University, The
Washington, DC • Private
In-State Tuition
$55,230
Enrollment
12,161
10. New York University
New York, NY • Private
In-State Tuition
$51,828
Enrollment
26,339
Top Skills For a Chief Executive Officer/Chief Finance Officer
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 21.9% of chief executive officer/chief finance officers listed financial statements on their resume, but soft skills such as leadership skills and management skills are important as well.
Choose From 10+ Customizable Chief Executive Officer/Chief Finance Officer Resume templates
Zippia allows you to choose from different easy-to-use Chief Executive Officer/Chief Finance Officer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Chief Executive Officer/Chief Finance Officer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Chief Executive Officer/Chief Finance Officer Demographics
Chief Executive Officer/Chief Finance Officer Gender Distribution
Male
62%
Female
38%
After extensive research and analysis, Zippia's data science team found that:
- Among chief executive officer/chief finance officers, 37.8% of them are women, while 62.2% are men.
- The most common race/ethnicity among chief executive officer/chief finance officers is White, which makes up 76.1% of all chief executive officer/chief finance officers.
- The most common foreign language among chief executive officer/chief finance officers is Spanish at 34.8%.
Online Courses For Chief Executive Officer/Chief Finance Officer That You May Like
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Best States For a Chief Executive Officer/Chief Finance Officer
Some places are better than others when it comes to starting a career as a chief executive officer/chief finance officer. The best states for people in this position are Washington, Nevada, Massachusetts, and New York. Chief executive officer/chief finance officers make the most in Washington with an average salary of $185,935. Whereas in Nevada and Massachusetts, they would average $172,441 and $170,008, respectively. While chief executive officer/chief finance officers would only make an average of $169,316 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Washington
Total Chief Executive Officer/Chief Finance Officer Jobs: 2,612
Highest 10% Earn:
$259,000
Location Quotient:
1.18
$185,935
Avg. Salary
2. Massachusetts
Total Chief Executive Officer/Chief Finance Officer Jobs: 3,632
Highest 10% Earn:
$251,000
Location Quotient:
1.3
$170,008
Avg. Salary
3. Nevada
Total Chief Executive Officer/Chief Finance Officer Jobs: 782
Highest 10% Earn:
$249,000
Location Quotient:
1.23
$172,441
Avg. Salary
How Do Chief Executive Officer/Chief Finance Officer Rate Their Jobs?
Top Chief Executive Officer/Chief Finance Officer Employers
Most Common Employers For Chief Executive Officer/Chief Finance Officer
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Venture Realty Group | $187,439 | $90.11 | 4 |
| 2 | Dollar Tree | $170,635 | $82.04 | 3 |
| 3 | Valley Health System | $156,503 | $75.24 | 2 |
| 4 | Comcast | $153,812 | $73.95 | 3 |
| 5 | Premier Medical Group | $152,346 | $73.24 | 2 |
| 6 | Ancera | $146,595 | $70.48 | 3 |
| 7 | QuadraMed | $143,982 | $69.22 | 2 |
| 8 | First Harrison Bank | $134,897 | $64.85 | 3 |
| 9 | JPMorgan Chase & Co. | $134,737 | $64.78 | 3 |
| 10 | Morgan Stanley | $134,397 | $64.61 | 5 |
Chief Executive Officer/Chief Finance Officer Videos
DNA of a CFO - Webinar
Brian Giambagno - Role of the CFO