According to the Bureau of Labor Statistics, a large number of top company executives have a bachelor of science in business administration or a graduate degree in a related discipline. Although there is no concrete path towards becoming the Chief Financial Officer (CFO) of an organization, a bachelor of science in business administration can provide a solid foundation for future work experiences and CFO opportunities. Formal training in business equips students with the critical thinking skills necessary to make sound business decisions and qualifies them for higher earnings over the course of a lifetime.
What Does a CFO Do?
The CFO shoulders the responsibility for the financial goals, objectives, and budget of the entire organization. CFOs, with a background in bachelor business administration degree education, direct the investment activities of the company and are tasked with managing related risks. They also oversee the organizations cash management and capital raising plans to support expansion of the company. Finally, it is the CFO with a bachelor of science in business administration, or an even higher degree, who is heavily involved in mergers and acquisitions.
Required Education to Become a CFO
A bachelor of science in business administration alone is not sufficient to secure a CFO position. CFOs must have practical work experience and a set of essential skills necessary for success. According to the Department of Labor, CFOs must have good personal skills, an analytical mind, and clear communication abilities. However, a bachelor of science in business administration can be a stepping stone towards the career path of a CFO. For example, Kaplan University students enrolled in the Bachelor Business degree online program have the opportunity to learn from experienced business professionals who have decided to teach at the university level. Students can further boost employment prospects by selecting a specialty in business such as marketing, business security and assurance, finance, or management of information systems.
Prospective students who are interested in learning more about a Bachelor of Science in Business Administration may visit College-Pages.com, a leading education and career resource website. Students will find an extensive list of available Bachelor of Science in Business Administration programs as well as informative articles for making education and career decisions.