Question 1

How do you become vice president of a company?

Accepted Answer

To become a vice president of a company, you need to gain the necessary education, experience, and leadership skills. This is a senior-level position and typically takes significant work experience and knowledge to achieve.

Question 2

How long does it take to become a vice president of finance?

Accepted Answer

It typically takes at least ten years of work experience to become a vice president of finance. To become a vice president of a company, a person needs to gain the necessary education, experience, and leadership skills. This is a senior-level position and typically takes significant work experience and knowledge to achieve.

Question 3

How much does a financial vice president make?

Accepted Answer

A financial vice president makes around $150,000 a year, on average. As an experienced and critical member of the executive team, a VP of Finance can expect to make between $90,000 and $200,000 per year. In addition, the compensation package will often include bonuses or profit-sharing as a perk of the executive position.

Question 4

What is the difference between a CFO and a VP of Finance?

Accepted Answer

The difference between a CFO and a VP of finance is that VPs often have a hands-on role in managing a company's finances, while CFOs are more involved in the strategic financial future of a firm. These roles are fairly similar but have different day-to-day tasks and levels of strategic involvement.

Question 5

How do you become a VP of finance?

Accepted Answer

To become a VP of finance, a person needs to gain the necessary education, experience, and leadership skills. This is a senior-level position and typically takes significant work experience and knowledge to achieve.

Question 6

What are the roles of a VP of finance?

Accepted Answer

The roles of a VP of finance are to ensure hands-on management of the company's finances. The VP of finance gets involved more in the details of the company's finances and is in charge of putting controls in place, making sure payroll is done on time, and managing the balance sheet.

Question 7

Who works under the VP of finance?

Accepted Answer

Who works under the VP of finance depends on the size and structure of the company, but it is typically either a director-level position or a manager-level position. Generally, in large financial services firms, the term vice president is an honorific earned by an individual, rather than attached to a specific position in the firm.

Question 8

What is commercial finance?

Accepted Answer

Commercial finance is the act of offering loans to businesses. In business, commercial typically deals with working alongside other businesses, and it is the same in commercial finance, where the customers are fellow businesses and not consumers or anyone outside of the direct industry.

Frequently asked questions about finance vice presidents

Questions about becoming a finance vice president