Career Planning for a Future CFO: Roles, Responsibilities, and Roadmap

PERSONAL AND
MANAGERIAL
EFFECTIVENESS
Career planning

CAREER PLANNING
• Career planning is the ongoing process in which
students explore their interest and abilities.
• Career planning is a systematic approach of meeting
career opportunities through individual capabilities
(BMS, 2014).
• Career planning helps the individual to gather
information that enables them to acquire
competencies related to their interest areas.
(Source: BMS,
2014)

finance as interest and dream job as
CFO
• My area of interest is finance amongst various career
options like human resource management, logistics
and marketing.
• After analysing career fields in finance, my interest
emerged as a CFO. I want to develop skills related to
CFO.
• After graduation, I am focusing to get a deep
understanding of operational side of the business
(Bearingpoint, 2018).
• Obtaining a degree is the first step. Degree
acknowledges closer look to various career options
related to finance interest.

ROLES AND RESPONSIBILITIES OF CFO
• The role of CFO is to work with outside specialists and discover
solutions to problems.
• The CFO must have the ability to identify problems and
opportunities in form of mergers and acquisitions (International
federation of accountants, 2013).
• The CFO is responsible for checking the financial performance.
• CFO is responsible for developing strategies to maximise the
return on company resources.
• CFO is responsible to check financial leverage to build a efficient
capital structure.