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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 4 courses available for people who want to become a Chief Financial Officer (CFO).
Possible job outcomes:
Are you keen for a career in accounting? Choose the the FNS60217 Advanced Diploma of Accounting and (depending on your study specialisation) you could be graduating as a qualified Tax Accountant or ready to work in the business and commercial sector. The course takes into consideration your years of previous experience and can even fast-track your studies by crediting out relevant units. Enquire now to browse the full unit list and decide on your specialisation (tax or commercial accounting). Learn more.
The Bachelor of Commerce (Accounting) will provide you with the business knowledge and skills you need to work in a wide variety of commercial, government and professional settings. You will first build a core understanding of business and economics and then focus on specific skills in the area of accounting and finance. Enquire now for the full list of study units and enrolment opportunities. Learn more.
The Master of Professional Accounting course is the perfect study pathway for:
Become a qualified accountant with the Bachelor of Business (Accounting). This full degree program is suitable for CPAs or business leaders who are at the forefront of their organisation’s financial decision making and compliance. Over 3 years of full-time study you will learn the principles of financial management as well as corporate accounting, finance, economics, auditing, and information systems. Choose electives in marketing, leadership, statistics, tax accounting, or HR. Enquire now for the full list of study units and enrolment opportunities near you. Learn more.
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 Job Outlook 2020
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
Bookkeeper
Payroll Officer
Accountant
$1,600 weekly pay
Accounting Manager
$1,550 weekly pay
Auditor
$1,440 weekly pay
Chief Financial Officer (CFO)
$1,850 weekly pay
Financial Controller
Forensic Accountant
Tax Accountant
Tax Agent
$1,700 weekly pay
Learn more about Chief Financial Officer (CFO) courses in your area.