Is the CFO Route a Rewarding One?Subscribe
My friend's father is CEO of mid-sized public company. Since it's a public company, I decided to do some totally legal snooping and checked out online how much a CEO like that makes... and was shocked to learn that my friend's dad made $5.2 million last year!
I was shocked for a few reasons, but mostly because the family lives very modestly... hell, the dad drives a Ford into work every day. I asked my friend what the dad's path was to CEO, and he said that his dad was the CFO of the company for 7 or 8 years, then was promoted to CEO when the former CEO retired.
So what's the deal with the CFO route compared to investment banking? I read an older post about how to maybe start off on this path (CPA, FP&A, Big Four), but I'm looking for opinions regarding how gratifying this career path may or may not be for some of you.