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CFO Blog: Insights, Resources and News for CFOs in 2025

What degree do most CFOs have?

Professionals aiming for a chief financial officer position should consider earning a degree in finance or accounting. Data shows that over 70% of CFOs hold degrees in these fields, providing a strong foundation for understanding complex financial strategies and regulations. Acquiring expertise in financial reporting, budgeting, and audit processes directly correlates with career advancement. Companies […]

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CFO Blog: Insights, Resources and News for CFOs in 2025

Who gets paid more CFO or COO?

In the realm of executive leadership, the roles of Chief Financial Officer (CFO) and Chief Operating Officer (COO) are two of the most critical positions within an organization. Both roles carry significant responsibilities and influence over a company’s direction, yet they differ greatly in their focus and function. Understanding who earns more between the CFO […]

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CFO Blog: Insights, Resources and News for CFOs in 2025

What does CFO mean in text?

If someone sends you a message with the abbreviation CFO, it typically refers to Chief Financial Officer. Recognizing this context helps you interpret corporate or financial discussions accurately, especially if the conversation involves business strategies or financial planning. However, in casual or informal messaging, CFO might serve as a quick acronym for Check (or Calling) […]

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CFO Blog: Insights, Resources and News for CFOs in 2025

How much does it cost to get a CFO?

Hiring a Chief Financial Officer involves more than just offering a competitive salary. Expect additional expenses such as benefits, bonuses, and possible relocation costs that can significantly impact your budget. On average, small to medium-sized companies allocate between $100,000 and $250,000 annually for a CFO, depending on industry and location. Beyond base compensation, consider the […]

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CFO Blog: Insights, Resources and News for CFOs in 2025

Who is higher than a CFO?

Recognize that the CEO typically holds authority above the CFO and directly influences financial strategies and decisions. As the top executive, the CEO sets overall corporate goals, which the CFO implements through financial planning and management. Besides the CEO, the board of directors wields significant influence by overseeing executive actions, approving budgets, and shaping key […]

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CFO Blog: Insights, Resources and News for CFOs in 2025

Who is underneath the CFO?

Knowing the core responsibilities of a Chief Financial Officer (CFO) enables companies to better identify suitable candidates for this crucial position. A CFO’s primary focus lies in managing financial planning, risk assessment, and strategic investments that directly influence a company’s growth trajectory. Many organizations assume that the CFO’s identity is solely rooted in accounting expertise, […]

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CFO Blog: Insights, Resources and News for CFOs in 2025

RBC Appoints Katherine Gibson as Chief Financial Officer

In a strategic move that signals a new chapter for the Royal Bank of Canada, Canada has appointed Katherine Gibson, an outstanding senior executive with global experience, who joined RBC 22 years ago, as its Chief Financial Officer (CFO). With over 22 years of experience at RBC, Katherine is set to leverage her deep expertise […]