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LoginWhat is the required educational qualification to pursue CFA course? What is the scope of CFA course?
Career Talk Work & Career 2 years ago
Posted on 16 Aug 2022, this text provides information on Work & Career related to Career Talk. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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Best Answer
2 years ago
The Chief Financial Officer (CFO) or Chief Financial and Operating Officer (CFOO) is a corporate officer, primarily responsible for managing the financial risks of the corporation. The officer is also responsible for financial planning and record-keeping, as well as financial reporting to the higher management. The majority of CFOs will understandably have an educational background in finance, business, economics or management. A typical path would be a Bachelors and Masters in accounting or other finance-related studies, alongside the ACCA qualification. According to a survey of Fortune 100 CFOs by Russell Reynolds, 54% had an MBA, but only 12% acquired their undergraduate degree from a top-tier university. So, while education and the relevant qualifications are all important, the quality of your work experience and professional track record is the strongest indicator for potential CFOs.