1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
A chief finance and operating officer is the senior executive that does the job of a chief finance officer, who is in charge of a company's financial health, and the chief operating officer, who is in charge of a company's administrative processes. The chief finance and operating officer helps develop plans to improve a company's financial outlook and supervises different departments as they implement those plans. They take charge of financial processes such as portfolio management and administrative procedures such as ensuring compliance with government regulations. A chief finance and operating officer usually supervises several departments, from accounting to marketing. They're also in charge of developing financial reports to communicate with shareholders.
As senior C-suite executives, chief finance and operating officers earn a generous salary of $174,672 a year. However, they put in many years of hard work before they can reach this position.
Most chief finance and operating officers have a master's degree in business or a related field, although many do just fine with only a bachelor's degree. They also spend years developing professional experience in the financial sector, for example by working as finance officers or controllers.
