Wealth Hub
A Global Research
Home   /  business /  career /  Chief Financial Officer
Chief Financial Officer | Wealth Hub

What does a Chief Financial Officer do?

A Chief Financial Officer (CFO) is a top executive responsible for managing a company's financial aspects, including budgeting, financial reporting, and strategic planning. They play a critical role in shaping an organization's financial health and guiding its long-term financial strategies. The average yearly salary for a Chief Financial Officer is $220.8K as shown in the diagram below:

LowAverage SalaryHigh$92.6K$220.8K$349.0K

Educational Qualifications for a Chief Financial Officer

CFOs typically hold a bachelor's degree in finance, accounting, or a related field, while many top-level CFOs also possess a master's degree (MBA or finance) and professional certifications such as a CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst). Advanced education and relevant certifications are often essential for reaching executive-level positions in finance.

Applicable Certifications

    Recommended Skills for a Chief Financial Officer

    A CFO should possess strong financial acumen, strategic planning skills, and the ability to analyze complex data. Exceptional leadership and communication abilities are crucial for guiding financial decisions and conveying them effectively to stakeholders.

    • Financial Acumen
    • Strategic Planning
    • Risk Management
    • Leadership
    • Communication
    • Decision-Making
    • Compliance and Regulation
    • Technology Proficiency
    • Negotiation
    • Change Management

    Frequently Asked Questions about Chief Financial Officer Career

    What is the role of a Chief Financial Officer (CFO)?

    What industries do CFOs work in?