How to Become a CFO in 6 Steps
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- čas přidán 26. 07. 2024
- DNA of a CFO - How to Become a CFO in 6 Steps // Are you dreaming of becoming a CFO? In this video, I'll walk you through the Elevate6 CFO Framework-a roadmap with 6 actionable steps that will transform your career into a successful CFO. From education and gaining diverse financial experience to honing leadership skills, embracing tech, earning professional certifications, and aiming for higher management roles, I've got you covered.
RESOURCES & LINKS MENTIONED IN THIS VIDEO:
👉 Join 82,000+ accountants and get your free CMA exam cheat sheet today: bit.ly/3kMJp1L
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👉 16-Week CMA Accelerator Program: Pass your CMA exam in 16 weeks and on the first attempt with our step-by-step weekly guided program that has a 92% exam pass rate. and a 100% pass or refund guarantee. For details, click here: bit.ly/2MiHPX0
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Chapters:
0:00 Intro to the topic: How to become a CFO
0:16 Step 1: Education & Formal Training
0:53 Step 2: Gain Broad Financial Experience
1:53 Step 3: Develop Leadership & Strategic Skills
2:39 Step 4: Dive into Advanced Tech & Analytics
3:03 Step 5: Earn Professional Certifications
4:02 Free CMA Exam Cheat Sheet
4:22 Step 6: Seek Higher Management Role
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What's your current job title? Comment below! 👇
Can you do a video on your own career progression and experience?
Thank you !
You're welcome!
Wow, very interesting video! Do you think it's better to start your career as a financial analyst or in the audit world in order to become a CFO? Thanks!
Hi Fabio. Thank you for the kind words about the video! Choosing between starting as a financial analyst or in auditing depends on your interests and career goals. Both paths can lead to a CFO role. Financial analysts gain valuable experience in forecasting, budgeting, and strategic analysis, while auditors develop strong skills in compliance, risk assessment, and internal controls. Consider which skills and experiences align best with your career aspirations. Both paths offer valuable insights and can be stepping stones to becoming a CFO.
I wrote an article on my blog about how to become a CFO, it will surely help you a lot. You can read it here: cmaexamacademy.com/how-to-become-a-cfo/ref/nathan/
How possible it is for a Investment Bankers to Become CFO ??
And what will the trajectory be like ??
I am going to do mba next year and aiming for IB
Hi. Absolutely, investment bankers can become CFOs. The typical path involves gaining diverse finance experience, possibly an MBA for broader business insight, and progressing through strategic finance roles. I wrote an article on my blog about how to become a CFO. It may be helpful for you: cmaexamacademy.com/how-to-become-a-cfo/ref/nathan/
Hi! Audit in big4 could be a good start?
Hi Gregorio. Yes, starting your career in audit at a Big 4 firm can be an excellent step towards becoming a CFO. This experience provides a deep understanding of financial reporting, internal controls, and business processes. It also offers exposure to various industries and builds a strong foundation in accounting and finance, which are crucial skills for a CFO.
Also, I wrote an article on my blog about how to become a CFO, it will surely help you a lot. You can read it here: cmaexamacademy.com/how-to-become-a-cfo/ref/nathan/
Is a chartered accountant a good career if i want to become a CFO
Absolutely, becoming a Chartered Accountant is a fantastic career path if you're aiming to become a CFO. The training and experience you gain as a Chartered Accountant provide a strong foundation in financial management, strategic thinking, and leadership skills, all of which are crucial for a CFO role.
I wrote an article on my blog about how to become a CFO. You can read it here: cmaexamacademy.com/how-to-become-a-cfo/ref/nathan/
Sir which designation is good to launching a new job after cma us
Hi. After obtaining your CMA US, seeking roles in financial planning and analysis, strategic management, or cost management could be very advantageous. These areas directly benefit from the CMA's focus and can help in elevating your career in finance and accounting.
I wrote an article on my blog where I talk about all the CMA careers if this is something you'd like to explore further. Click here to read it: cmaexamacademy.com/cma-careers/ref/nathan/
How long does it take to get a CPA certification?
Hi. Obtaining a CPA certification typically takes several years. This includes completing a 150-credit hour educational requirement, passing the CPA exams, which can be completed within 18 months, and fulfilling 1-2 years of accounting experience. The exact timeline can vary based on individual circumstances and state-specific requirements.
I wrote an article on my blog about CMA and CPA certifications. You can read it here: cmaexamacademy.com/cma-vs-cpa/ref/nathan/
Hi! How can i become an managment consultant ad what will the entry salary and salary after 5 years . Pls tell if you know
Hi. To become a management consultant, a strong educational background in business or a related field is essential, often supplemented by specific certifications like CMA or CPA. Entry-level salaries vary widely depending on location and firm, but with experience, professionals in this field can see significant salary increases.
It is a great video ther
Can you help me in figure out if cfa will help me become a better cfo
Thank you
Hi. CFA focuses on investment management, portfolio analysis, and financial analysis, providing deep financial knowledge that can be valuable for strategic decision-making.
While it's not specifically tailored to the CFO role like the CMA, which emphasizes management accounting and corporate finance, a CFA can complement your skills, making you more versatile and enhancing your understanding of the financial markets, which is beneficial for any CFO.
In addition to this video, I wrote an article on my blog about how to become a CFO, it will surely help you a lot. You can read it here: cmaexamacademy.com/how-to-become-a-cfo/
Is a BS in economics a good educational foundation?
Hi. Sure! A BS in Economics can provide a strong foundation for a career as a CFO. It offers analytical skills, understanding of markets, and economic principles that are valuable in financial leadership roles. However, complementing it with accounting or finance certifications and courses will enhance your qualifications for CFO positions.
Also, I wrote an article on my blog about how to become a CFO. You can read it here: cmaexamacademy.com/how-to-become-a-cfo/ref/nathan/
link is not working
Hi. Please tell me which link you need and I will share it with you here in the comments
Financial Analyst !
Raymond, that's a fantastic milestone towards your path to becoming a CFO.
@@Cmacoach thank you. I follow u on LinkedIn! When the time is right I plan on going through with the CMA Academy. I’m in tune! Thank you !
I just received an FMI scholarship (discount) and I’ll take that designation first.
Hi Raymond. That's fantastic news about receiving the FMI scholarship, and congratulations on taking that step! It's great to hear about your plans for the CMA Exam Academy in the future.
On my blog, you can find more valuable information about CMA and accounting. Click here to learn more: cmaexamacademy.com/blog/ref/nathan/
Whenever you're ready to start, I'll be here to support you on your journey.
@@Cmacoach thank you for everything coach! I truly appreciate it!
Just curious, since graduating from college, how many years did it take to become Financial Analyst?
Finance Specialist
That's a great stepping stone on your journey to the CFO role.