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.
There is more than meets the eye when it comes to being a chief finance officer. For example, did you know that they make an average of $65.42 an hour? That's $136,080 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many 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.
If you're interested in becoming a chief finance officer, one of the first things to consider is how much education you need. We've determined that 71.9% of chief finance officers have a bachelor's degree. In terms of higher education levels, we found that 19.7% of chief finance officers have master's degrees. Even though most chief finance 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 officer. When we researched the most common majors for a chief finance 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 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 officer. In fact, many chief finance officer jobs require experience in a role such as controller. Meanwhile, many chief finance officers also have previous career experience in roles such as finance director or accounting manager.