Chief Financial Officer (CFO) Career Path in 2024

Chief Financial Officer (CFO) Career Overview

Job Description:
  • Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body.
  • Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

Chief Financial Officer (CFO) U.S. Salary in 2024

Annual Median Salary: $189,520
Hourly Median Wage: $91.12

Data sourced from O*NET Online, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Projected Job Openings for Chief Financial Officer (CFO)s by 2031

Projected Growth Rate in Job Openings by 2031: -7%

Data sourced from CareerOneStop, provided by the U.S. Department of Labor.

Typical Tasks for Chief Financial Officer (CFO)s

  • Confer with board members, organization officials, or staff members to discuss issues, coordinate activities, or resolve problems.

  • Direct or coordinate an organization's financial or budget activities to fund operations, maximize investments, or increase efficiency.

  • Prepare budgets for approval, including those for funding or implementation of programs.

Technologies and Skills Used by Chief Financial Officer (CFO)s

Accounting software

  • Intuit QuickBooks
  • Sage 50 Accounting

Enterprise resource planning ERP software

  • Microsoft Dynamics
  • Oracle PeopleSoft

Presentation software

  • Mentimeter
  • Microsoft PowerPoint

Basic Skills

  • Talking to others
  • Thinking about the pros and cons of different ways to solve a problem

People and Technology Systems

  • Measuring how well a system is working and how to improve it
  • Thinking about the pros and cons of different options and picking the best one

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

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