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Career Path of CFO (Chief Financial Officer) Jobs The Chief Financial Officer job is a position in executive level that is in charge of the strategic planning and the financial operations within an organization. Regarded as second-in-command to the CEO (Chief Executive Officer), the CFOs in some companies are on the same level as the CEOs because both positions are focused on operational performance. What Does The Job Involve Chief Financial Officer jobs involve the exercise of leadership in the financial functions of a company. This includes specifically budget creation and administration, investment strategies, risk management, fundraising campaigns, and presiding over mergers and acquisitions. In addition to these, some CFOs are involved in responsibilities that go beyond in-house growth and investment. Included here are the programs promoting community economic development through charitable contributions, education, and internship programs. Typical Duties and Responsibilities As in all executive level jobs, Chief Financial Officers are focused typically on long term objectives as well as on day to day company operations. Many CFO jobs should be proficient in the management of the daily operations that greatly affect the organization’s financial stability, like cost control, loss prevention, allocation of materials, and billing and collection function. The CFO in a company is a significant figure in the creation of policies and procedures within the financial division. The Career Path If you want to be in the position of a CFO, a great deal of knowledge regarding Finance and Accounting is needed. You should also acquire an extensive managerial experience. Usually, the career path starts with a college education in line with Accounting or Business. Then, you need to find work in the corporate world, in the business planning or financial department of a large corporation, preferably. Supplementing your education with managerial training can be helpful; it can get you on that career track. Additionally, to achieve the CFO position, you must stand out from the rest. Some times you have to decide to change organizations while you are in the process of moving upwards. Depending on the career path you have decided to take, your degree may specifically vary, but one typical choice is Accounting. It is a great help if you can become a Certified Public Accountant (CPA). Many CFOs pursue a master’s degree while they are moving up the ranks. Advancement Opportunities When you graduate, naturally you would want to apply for a position in a larger organization where you expect to find plenty of advancement opportunities. This first job may not be the job where you can become a CFO, but this is where you start climbing up and gaining promotions. As you are being promoted, and have gained managerial experience, there is an opportunity for you to climb further. You may find another business that will make you an offer for a great opportunity. It is a fact that businesses fill up vacant executive positions from within the organization, but there are cases where individuals get to that level only when they change organizations. That does not mean that you are not being loyal to the company, rather you just believe that you got to accept whatever good opportunity is offered, or comes your way. Original Source: http://www.careermkt.com/blog/career-path-of-cfo-chief-financial-officer-jobs/