Chief Financial Officers
Overview
Introduction
Chief financial officers are responsible for the accuracy of their employer’s financial reporting and focus on issues such as compliance, budgeting, funds investment and management. They also develop financial short- and long-term strategies for their organizations.
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Salaries for chief financial officers (CFOs) vary substantially, depending on their level of experience and responsibility, and the size, type, and location of their organization. CFOs at Fortune 500 companies earn much more than their counterparts at smaller firms. Also, salaries in large metropolitan areas, such as Chicago, Los Angeles, and New York City, are higher than those in smaller citi...
Work Environment
The U.S. Department of Labor says that about half of top executives, including chief financial officers, work more than 40 hours per week. Some positions—especially those at large, multinational companies—require frequent travel. Chief financial officers (CFOs) typically have comfortable offices, and those who are employed by Fortune 500 companies have a large support staff. Corporate CFOs ofte...
Outlook
Employment for financial managers (a career category that includes chief financial officers) is expected to grow much faster than the average for all careers through 2032, according to the U.S. Department of Labor. Some of the sectors that will experience especially high growth include warehousing and storage, software publishing, beverage manufacturing, and wind and solar electric power genera...