Do you enjoy handling money wisely and responsibly? Or do you know someone who is financially savvy and aspire to be like them? Because that’s what a CFO is: a financial guru with financial foresight for the company.
This c-suite role is about leadership, power, strategy, and financial acumen, from getting the proper education to making the right connections. And the typical high CFO salary reflects a high level of responsibility and influence. If you have the skills, becoming a CFO can be a lucrative career full of exciting challenges and growth opportunities.
Do you aspire to be a CFO or just exploring the field? In either case, you’ve come to the right place! This blog discusses the skills required, colleges and courses, salary, and how to become a CFO after 12th in India . Follow the step-by-step guide in the blog to become a CFO.
A CFO is a C-suite executive in charge of a company’s financial operations. A CFO oversees a company’s financial health, from managing business cash flows to developing a financial plan. These professionals typically ensure a company’s financial stability and commercial success.
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CFOs must have a broad understanding of all aspects of accounting. They will be in charge of everything from daily tasks to ongoing projects. As a result, selecting the commerce stream which has the subject ‘accountancy’ can help you prepare for a career as a CFO.
The certification courses listed below can help you become a CFO.
If you want to be a CFO, you must first choose the appropriate bachelor’s degree required for working in the financial sector and taking the first step in your career. Following the completion of your Bachelor’s degree, you can pursue an MBA at a prestigious institute to ensure your specialization in Finance.
How to become a CFO after 10th?
The vast majority of CFOs have a background in finance, business, economics, or management. Learning these subjects in your 11th and 12th will provide you with a solid foundation that will allow you to easily understand the advanced topics you will learn in your undergraduate programme.
How to become a CFO after 12th?
After 12th, you can enrol in a degree programme such as BBA, which will provide you with an understanding of the financial and accounting worlds. The admissions process is determined by the course you select.
Students must pass the entrance exams in order to enrol in the BBA programme. Visit the university’s website to learn more about the entrance exams and admissions process.
| Course | Duration | Fees range |
| Bachelor of Business Administration (BBA) | 3 years | ₹40,000 – ₹2,00,000 |
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| Name of Institution | Location |
| Indian Institute of Management (IIM), Indore | Indore |
| Shaheed Sukhdev College of Business Studies, Delhi University | New Delhi |
| Keshav Mahavidyalay, Delhi University | Pitam Pura |
| Indian Institute of Management (IIM), Rohtak | Rohtak |
| Deen Dayal Upadhyay College, Delhi University | New Delhi |
| Anil Surendra Modi School of Commerce, NMIMS University | Mumbai |
| Indian Institute of Management (IIM) Ranchi | Ranchi |
| Indian Institute of Foreign Trade (IIFT) Kakinada campus | Kakinada |
| Symbiosis Centre for Management Studies, Symbiosis International University | Pune |
| Institute of Management, Nirma University | Ahmedabad |
Read – How to become a CEO after 12th in India
To become a CFO Abroad
To be considered for admission to an international university, students must pass their 10+2 board exams with the required percentage.
Students must take various English language tests, such as IELTS, TOEFL, and PTE, in order to enroll in the BBA abroad program.
BBA admission abroad is accomplished through various entrance exams such as the SAT, ACT, GRE, and GMAT.
| Course | Duration | Fees range |
| Bachelor of Business Administration (BBA) in Finance | 4 years | ₹10,00,000 – ₹40,00,000 |
| Name of Institution | Location |
| London Business School | United Kingdom |
| Harvard University | United States |
| INSEAD | France |
| Stanford University | United States |
| University of Pennsylvania | United States |
| Massachusetts Institute of Technology (MIT) | United States |
| Università Commerciale Luigi Bocconi | Italy |
| University of Oxford | United Kingdom |
| London School of Economics and Political Science (LSE) | United Kingdom |
| Copenhagen Business School | Denmark |
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An entry-level Chief Financial Officer (CFO) with less than one year of experience can expect to earn an average total compensation (tips, bonus, and overtime pay) of ₹20,29,400.
Some entry-level CFO salaries from around the world.
| Country | Annual Salary |
| Singapore | S$191,096 |
| United States | $93,990 |
| Japan | ¥624,000 |
| Hong Kong | HK$823,027 |
| United Kingdom | £70,000 |
| Germany | €96,959 |
| 1. Accenture 2. Amazon 3. Honeywell 4. Self Opportunity 5. TaskUs 6. Done by None 7. NEXT 8. Tata Motors 9. State Bank of India 10. ICICI Bank |  |
| 1. Self Opportunity 2. Google 3. JPMorgan Chase & Co 4. ABC 5. Amazon 6. Confidential 7. IBM 8. YMCA 9. US Department of Veterans Affairs 10. GE |  |
If you’ve reached this point in the blog, it can only mean one thing: you’re interested in CFOs and hope to one day become one yourself! A few interesting CFO-related movies are included as a bonus. Check them out and have fun exploring more!
Becoming a CFO takes high-level financial knowledge, strong leadership abilities, and years of hard work. But it is possible – and through a variety of routes. Aspiring CFOs can become trusted strategic advisors well-versed in business elements and capable of leading teams if they plan ahead of time. You can absolutely become a CFO with the proper preparation and strategy. Best wishes on your journey to becoming a CFO!
CFOs were expected to be experts in accounting, reporting requirements, and financial strategy because the job was almost entirely about money. In addition to accounting certifications, many CFOs have bachelor’s (and sometimes master’s) degrees in accounting or finance.
It takes time and dedication to become a CFO. The CFO’s job description calls for a high level of education as well as specific work experience. There is no quick way to become a CFO. However, on the other side of the struggle, you will find a job that is critical to a company’s success.
Many CFOs begin their careers with a bachelor’s degree in finance, such as accounting. Degrees in finance, economics, or statistics can also provide aspiring CFOs with a solid financial foundation. A master’s degree in business administration is a popular qualification for CFOs, with 54% of Fortune 100 CFOs holding an MBA.
Dhivya Suryadevara, 42, is currently the youngest CFO. She is the Chief Financial Officer of Stripe, an American e-commerce payments company.
A Chief Financial Officer (CFO) earns an average of ₹3,482,595 per year.
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