What is a Chief Finance And Operating Officer

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.

There is more than meets the eye when it comes to being a chief finance and operating officer. For example, did you know that they make an average of $79.36 an hour? That's $165,077 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does a Chief Finance And Operating Officer Do

There are certain skills that many chief finance and operating 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 analytical skills, detail oriented and math skills.

Learn more about what a Chief Finance And Operating Officer does

How To Become a Chief Finance And Operating Officer

If you're interested in becoming a chief finance and operating officer, one of the first things to consider is how much education you need. We've determined that 70.4% of chief finance and operating officers have a bachelor's degree. In terms of higher education levels, we found that 22.4% of chief finance and operating officers have master's degrees. Even though most chief finance and operating officers have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a chief finance and operating officer. When we researched the most common majors for a chief finance and operating officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on chief finance and operating officer resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a chief finance and operating officer. In fact, many chief finance and operating officer jobs require experience in a role such as chief finance officer. Meanwhile, many chief finance and operating officers also have previous career experience in roles such as controller or finance vice president.

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Average Salary
$165,077
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
141,290
Job Openings
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Chief Finance And Operating Officer Career Paths

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Average Salary for a Chief Finance And Operating Officer

Chief Finance And Operating Officers in America make an average salary of $165,077 per year or $79 per hour. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $90,000 per year.
Average Salary
$165,077
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Chief Finance And Operating Officer Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Chief Finance And Operating Officer. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Chief Finance And Operating Officer Resume

At Zippia, we went through countless Chief Finance And Operating Officer resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Chief Finance And Operating Officer Resume Examples And Templates

Chief Finance And Operating Officer Demographics

Chief Finance And Operating Officer Gender Statistics

male

76.4 %

female

18.8 %

unknown

4.7 %

Chief Finance And Operating Officer Ethnicity Statistics

White

67.3 %

Hispanic or Latino

14.4 %

Asian

8.7 %

Chief Finance And Operating Officer Foreign Languages Spoken Statistics

Spanish

25.3 %

French

10.5 %

Mandarin

9.5 %
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Chief Finance And Operating Officer Education

Chief Finance And Operating Officer Majors

27.5 %
14.7 %

Chief Finance And Operating Officer Degrees

Bachelors

70.4 %

Masters

22.4 %

Associate

3.8 %

Top Colleges for Chief Finance And Operating Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

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. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
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Top Skills For a Chief Finance And Operating 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, 23.2% of chief finance and operating officers listed financial statements on their resume, but soft skills such as analytical skills and detail oriented are important as well.

12 Chief Finance And Operating Officer RESUME EXAMPLES

Best States For a Chief Finance And Operating Officer

Some places are better than others when it comes to starting a career as a chief finance and operating officer. The best states for people in this position are New York, New Jersey, Rhode Island, and West Virginia. Chief finance and operating officers make the most in New York with an average salary of $162,466. Whereas in New Jersey and Rhode Island, they would average $158,636 and $154,555, respectively. While chief finance and operating officers would only make an average of $153,649 in West Virginia, 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. New York

Total Chief Finance And Operating Officer Jobs:
5,457
Highest 10% Earn:
$255,000
Location Quotient:
1.57
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Delaware

Total Chief Finance And Operating Officer Jobs:
478
Highest 10% Earn:
$246,000
Location Quotient:
1.41
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Chief Finance And Operating Officer Jobs:
2,472
Highest 10% Earn:
$251,000
Location Quotient:
1.15
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Chief Finance And Operating Officers

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Updated August 18, 2021