How to Become a Chief Financial Officer (CFO)

How to Become a Chief Financial Officer (CFO)

A Chief Financial Officer (CFO) is the senior-most finance executive responsible for an organisation’s financial strategy, reporting, risk management, capital structure, and investor relations. Becoming a CFO means moving from technical accounting to strategic business leadership. Below is a practical, detailed guide: what a CFO does, top-company scope by country, salary benchmarks, a 5-step roadmap, how professional qualifications (ACCA, CMA USA, US CPA) help, and how NorthStar Academy supports placements.

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What is a CFO ? Role & Responsibilities

  • Strategic finance leadership: long-term planning, capital allocation, M&A strategy.

  • Financial reporting & compliance: ensure accurate reporting, liaise with auditors and regulators.

  • Risk & treasury management: liquidity, hedging, debt & working capital strategy.

  • Business partnering: advise CEO/board, drive operational KPIs and performance.

  • Investor relations & fundraising: communicate with investors, lead IPOs/financings.

To understand CFO pathways, explore the best finance courses to pursue after 12th commerce.

Top Companies & CFO Scope Country-wise

India  Top 10 Companies (Scope)

Company

CFO Scope (Typical)

Reliance Industries

Large-cap corporate finance, consolidation, M&A, JV management

TCS (Tata Consultancy)

Global reporting, cash repatriation, client-contract finance

HDFC Bank

Bank regulatory finance, ALM, capital planning

Infosys

Investor relations, tax & transfer pricing, global finance ops

ICICI Bank

Risk finance, regulatory reporting, treasury

Adani Group

Project finance, infra financing, consolidation

Bharti Airtel

Telco finance, revenue assurance, capex planning

Larsen & Toubro

Project accounting, contract costing, EPC finance

Mahindra & Mahindra

Auto finance, supply-chain finance, group consolidation

Tata Steel

Commodity risk, working capital, cross-border finance


USA - Top 10 Companies (Scope)

Company

CFO Scope

Apple

Global treasury, investor relations, M&A strategy

Microsoft

Cloud profitability, corporate finance, tax strategy

Amazon

FP&A at scale, cost structures, capital allocation

JPMorgan Chase

Bank finance, regulatory capital, risk-weighted assets

Google (Alphabet)

Ad/Cloud profitability, strategic investments

Berkshire Hathaway

Portfolio & capital deployment, investor reporting

ExxonMobil

Commodity risk, capital projects, regulatory compliance

Ford

Auto finance, restructuring, supply-chain finance

Walmart

Retail margin engineering, omni-channel finance

Coca-Cola

Brand finance, channel profitability, global taxes

For global career planning, check CPA vs CFA vs FRM finance course options.

Read More :

UAE / Saudi / Qatar - Top Employers

Company

CFO Scope

Emirates Group

Aviation finance, fuel hedging, route profitability

ADNOC

Hydrocarbon revenues, state partnerships, large-cap projects

Emaar Properties

Real-estate project finance, investor reporting

Qatar Petroleum

National oil company finance, joint ventures

Etihad / Regional Banks

Treasury management, deposit & lending oversight

Dubai Holding

Holding-level capital allocation, diversified portfolio

Majid Al Futtaim

Retail & mall finance, franchise economics

DP World

Global logistics finance, contract revenue models

Saudi Aramco

Commodity strategy, sovereign partnerships

Al Rajhi Bank

Islamic finance structures, risk & compliance

Singapore / UK / Canada - Representative Companies

Country

Sample Top Firms

CFO Scope

Singapore

DBS, Singtel, OCBC, Temasek

Regional treasury, SEA expansion, regulatory compliance

UK

HSBC, BP, Unilever, Barclays

Global banking, commodities, investor relations

Canada

RBC, TD, Shopify, Barrick

Resource finance, fintech FP&A, cross-border tax

Explore how global CFO roles align with the CFA vs CMA USA comparison.

Salary Table - Country-wise Benchmark (Approximate Annual Total Cash)

Country

Mid-level Finance Leader

Deputy CFO / Controller

CFO (Large Corp)

India

₹15–35 LPA

₹30–60 LPA

₹50 LPA – ₹3 Cr+

USA

$110k–$180k

$150k–$300k

$300k – $2M+

UK

£70k–£130k

£120k–£250k

£200k – £1M+

UAE / Gulf

AED 35k–80k/month

AED 80k–150k/month

AED 200k+/month

Singapore

SGD 90k–180k

SGD 150k–300k

SGD 300k+

Canada

CAD 80k–150k

CAD 120k–250k

CAD 250k+

Salaries vary by company size, sector (banking/resource vs SaaS/tech), and negotiating power. Check how CPA certification impacts salary growth.

5 Practical Steps to Become a CFO

1. Build a Strong Accounting & Finance Foundation
Complete CA/ACCA/CPA/CMA and master financial reporting, costing, tax, and treasury. Learn about the CPA syllabus and structure.

2. Gain Cross-functional Experience
FP&A, controllership, treasury, tax, audit, M&A  explore how the CPA USA course after MBA helps mid-career professionals.

3. Develop Business Partnering & Leadership Skills
Influence strategy and lead teams see how CMA USA vs MBA Finance shapes decision-making skills.

4. Deliver Measurable Impact
Drive cost savings and M&A integration. Learn from EA vs MBA Finance comparison.

5. Network & Position for the Role
Board exposure and mentorship matter. Read about top short-term finance courses to accelerate your CFO journey.


How ACCA, CMA USA, and US CPA Help You Become a CFO

ACCA (UK)
Strengths: Global accounting + strategic professional skills, strong in financial reporting and management accounting.
Best for: International corporate finance, Big 4, multinationals in UK/EU/EMEA.
→ Compare ACCA vs MBA in Finance.

CMA USA
Strengths: Deep focus on management accounting, FP&A, cost management prized in industry/operational roles.
Best for: Corporate finance leadership, FP&A head, operational CFO roles.
→ See AI-powered changes in CMA USA careers.

US CPA
Strengths: Strong US GAAP, audit, tax knowledge valuable for CFOs in US-listed firms.
Best for: Firms with US operations, IPO readiness, investor reporting.
→ Read about CPA vs CMA course comparison.

Combination Approach
Many leaders combine qualifications (CA + CMA/CPA) for broader strategic capability. Learn more from finance course comparison guides.

NorthStar Academy (NSA) offers:

  • Professional course coaching (ACCA, CMA USA, CPA) with structured roadmaps.

  • Industry-aligned training in FP&A, Excel, Power BI, valuation, IFRS/US GAAP.

  • Mock interviews & resume workshops for finance leadership roles.

  • Placement assistance with MNCs, Big 4, and regional employers.

If you aim for a CFO role, NSA helps you map certification → experience → leadership. Explore career options in finance and accounting.

Conclusion

Becoming a CFO is a multi-year, multi-skill journey: strong technical credentials (ACCA/CMA/CPA/CA) + broad finance experience + strategic leadership. Target roles that offer end-to-end exposure and deliver measurable results.
Still confused about which finance course is right for you? Join our exclusive webinar where industry experts will personally guide you through CMA USA, CPA, ACCA, and EA helping you make the smartest career choice. Have questions? Call or WhatsApp us directly at 8147470505 we’re here to help!

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