• IIM Indore Postgraduate Certificate Programme for Emerging CFOs
  • POSTGRADUATE PROGRAM IN BANKING AND FINANCE
  • PGP in New Age Banking
    Co-created with Imarticus Learning
    4.8 out of 5 by 669 learners
    4x Industry Demand
  • POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    4.8 out of 6071 learners
    2x industry demand
  • MBA in Investment Banking
    Co-created with Jain University
    4.5 out of 5 by467 learners
    2x industry demand
  • MBA in Fintech
    Co-created with Jain University
    4.4 out of 5 by 349 learners
    2x industry demand
  • MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    4.7 out of 5 by 669 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program in Business Management
    4X INDUSTRY DEMAND
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand

A step-by-step guide to becoming a new-age CFO

The advent of technology has altered the way of working for almost every sector, and the same can be said for the financial sector. Resultantly, the work of a CFO has also changed along with the team he manages. Professionals are now using more technologies to streamline their work, and executives like CFOs are now playing a more crucial role in taking important business decisions.

So, if you are planning to become a new-age CFO, then being aware of a few strategies can be of great help.

4 Steps That Will Help You Become a New-Age CFO

To become a new–age CFO, you need to start with your education and then get the necessary experience. You need to also have the necessary technological and soft skills. Anyway, let us start with the steps.

Step 1: Get the degrees and certificates in place

Now, if you wish to become a CFO, then you need to complete your bachelor’s degree first, and that too in commerce or finance. Now, you can back this up with a master's degree, but that is optional.

leadership training programs

Once you are done with your bachelor’s degree, you can then opt for the professional courses, i.e. chief financial officer course conducted by many educational institutions across the country. Now, completing a certification like this is enough of a stepping stone for you to start working at a company in their finance and accounts department.

In the meantime, you can also opt for an MBA, but completing this specialisation is not necessary. Also, you can appear for the chartered accountant exam. Now, going for specialisation may not be mandatory, but it will boost your career growth further.

Step 2: Develop some soft skills and get a well-rounded experience 

Now, when you are the head of a department, having only technical skills will not cut it. Along with your theoretical knowledge, you need some soft skills that will help you manage your job better.

Here are some areas that you can focus on, just to begin with –

  1. Clarity of the job at hand
  2. Ability to take pressure
  3. Being a good communicator
  4. Courage and accountability
  5. Ability to lead a team from the front
  6. Managing and protecting team members as required
  7. Time management

CFOs also need to have some relevant experience in a senior management role where they get a chance to make decisions in various diverse areas such as human resources, investor relations, supply chain management, operations management, taxation and IT. So you need to work from a beginner position to the most coveted position in the finance area.

Step 3: Develop the necessary management skills

Being a CFO is not all about number crunching. You will report to the top management and receive input from department heads. Overall, you will need to manage yourself and multiple teams in the organisation. Your soft skills will also come in handy here as you need to communicate well with the whole hierarchy and articulate all the vision and goals while managing a project.

Step 4: Build some tech expertise

Last but not least, to become a new-age CFO, you must develop familiarity with the technological advances in this field. Since organisations are evolving digitally, you need to have some consultative capacity and also earn some great credentials in this area if you wish to fast-track your career. The use of technology is expanding, and you need to evolve in this direction as well if you want to pursue the CFO role. 

Technology automates the back-office transactional jobs with the help of software. This way, the finance team can focus on advanced analytics and strategic initiatives. The software of the company’s accounting and finance department also needs to be upgraded from a conventional local server desktop suite to an online cloud-enabled suite which allows you to automate several operational processes.

This will make the CFO’s job more secure, and they will only be at risk if they fail to interpret data and cannot make the best business decisions.

To sum up, to become a new-age CFO, you can use the aforementioned tips to your advantage. But what pushes your case is a purposeful certification from one of the top management schools in India. Hence, you can enrol for the CFO executive training IIM Indore offered by Imarticus. Certification from a top business school will only strengthen your resume and take you a step closer to your goal.

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Postgraduate Program
    IIM Indore Postgraduate Certificate Programme for Emerging CFOs
    Course duration(Months)
    12
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • POSTGRADUATE PROGRAM IN BANKING AND FINANCE
    Course duration()
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • Placement Program
    PGP in New Age Banking
    Co-created with Imarticus Learning
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Finance
    POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 6071 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    3rd August Live Instructor - Led Training Online
    Date Location Schedule
  • Recent Graduates
    MBA in Investment Banking
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by467 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Fintech
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.4 out of 5 by 349 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Placement Program
    MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    3rd August MUMBAI Online
    Date Location Schedule
  • Post Graduation
    Post Graduate Program in Business Management
    Course duration(months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4X INDUSTRY DEMAND
    Upcoming Batches
    Date Location Schedule
    3rd August MUMBAI Weekday
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    3rd August DELHI Online
    Date Location Schedule