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A Chief Financial Officer (CFO) manages a company’s overall financial position. You’ll be responsible for all financial activities, from budgets and forecasts to the daily running of the finance department. Chief Financial Officers review the company’s financial data and make key decisions based on that information. You might make financial recommendations to other managers or develop an overall financial strategy for the organisation.
A Chief Financial Officer needs to have strong leadership skills and should be a good problem solver. You’ll need to be organised and be able to make sound judgements that may affect a large number of people. Chief Financial Officers have a demanding role and you’ll need to be able to handle several tasks at once. You should be able to think strategically and be able to communicate with people in your organisation.
There are 11 courses available for people who want to become a Chief Financial Officer (CFO). These are the top 5 most popular courses.
Possible job outcomes:
The Graduate Certificate in Business Administration (Executive) is tailored for seasoned senior managers, aspiring executives, and entrepreneurial individuals keen on advancing their own business ventures. This course accentuates the enhancement of skills necessary to adapt to ever-evolving business landscapes, focusing on best practices during the New Business Venture phase. Students will cultivate innovation, strategic vision, and an authentic leadership approach. This study ensures refined managerial capabilities, equipping learners to adeptly navigate and respond across diverse business structures. .
Average duration: 6 months.
The Master of Finance situates students at the forefront of the dynamic world of finance. This degree equips learners with the acumen to navigate complex financial landscapes, opening doors to diverse career paths, from corporate leadership to fintech pioneers. It deepens one's grasp of global markets, bolstered by live market data and contemporary case analyses. Interaction with industry experts and access to real-time financial news enrich the learning experience, ensuring graduates are well-versed in the nuances of modern finance. .
Average duration: 24 months.
The Master of Business Administration (Finance) combines recent, pertinent industry research with a deep understanding of core financial principles and markets. This educational pathway introduces students to the dynamics of corporate finance, honing their analytical, planning, and interpersonal skills. Designed to facilitate a smooth transition into senior management roles, it nurtures adept professionals equipped to navigate the complex landscape of the finance sector, ensuring a readiness to undertake roles with significant responsibilities and strategic insight..
The Master of Business Administration (Data Analytics) enables learners to hone their analytical capabilities, enhancing their proficiency in data science and predictive analytics. The course facilitates a deep understanding of managing substantial data sets, vital for addressing organisational needs. Acquiring skills in deciphering 'big data', students become adept at crafting pragmatic solutions to real-world challenges, grounded in the latest industry research. This knowledge is vital in steering organisations towards informed decisions and sustainable growth..
Average duration: 18 months.
The Master of Professional Accounting enables students to hone their skills in accounting and acquire the analytical capabilities to address accounting-related matters. It opens avenues for individuals with backgrounds in related fields to delve deeper into accounting, satisfying the educational prerequisites of Australian accounting professional entities. Graduates have the flexibility to augment their core accounting studies with a focus in a diverse array of business sectors, a step that enhances professional versatility and can potentially uplift their career prospects..
In Australia, a full time Chief Financial Officer generally earns $1,850 per week ($96,200 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
The financial industry has seen a moderate increase in employment numbers in recent years. There are currently 53,900 people employed as a Chief Financial Officer in Australia compared to 50,100 five years ago. Chief Financial Officers may find work across all regions of Australia.
Source: Australian Government Labour Market Insights
An Advanced Diploma of Accounting is a great qualification if you’re planning to have a career as a Chief Financial Officer. This course covers topics including working with financial systems, preparing financial reports, auditing financial records and interpreting financial statistics. You may also be able to specialise in an area of accounting to suit your career plans.
We’ll find nearby campuses and check if you’re eligible for funding in your state.
Here are some potential career pathways within accounting. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Accounting
Accounts Clerk
$960 weekly pay
Payroll Clerk
Accounts Officer
$1,150 weekly pay
Accounts Receivable Officer
Assistant Accountant
$1,250 weekly pay
BAS Agent
$1,400 weekly pay
Bookkeeper
Financial Accountant
$1,730 weekly pay
Payroll Officer
Accountant
$1,600 weekly pay
Accounting Manager
$1,550 weekly pay
Auditor
$1,440 weekly pay
Chief Financial Officer (CFO)
$2,880 weekly pay
Company Accountant
$1,820 weekly pay
Cost Controller
$2,115 weekly pay
Financial Controller
Forensic Accountant
Internal Auditor
$1,630 weekly pay
Management Accountant
$1,920 weekly pay
Tax Accountant
Tax Agent
$1,700 weekly pay
Learn more about Chief Financial Officer (CFO) courses in your area.