Almost half of finance professionals do not want to become CFO, research finds
Robert Walters found just 26% definitely wanted to become a CFO, with work-life balance the biggest deterrent to pursuing the role, cited by 61%.
Almost half (48%) of finance professionals did not want to become a chief financial officer (CFO), research from Robert Walters found.
The research found just 26% definitely wanted to become a CFO, with work-life balance the biggest deterrent to pursuing the role, cited by 61%.
More than a fifth (22%) were put off by the skills and experience required, while 16% cited the pressure and accountability associated with the position.
Andrew Powell, chief commercial officer at Robert Walters, said: “The CFO role has become one of the most influential positions in a business. Finance leaders are shaping strategy, leading transformation and taking on greater responsibility for areas such as technology and AI.
“That creates exciting career opportunities, but it has also made the job broader and more demanding.
“If almost half of finance professionals already know they don’t want the top job, businesses need to understand what is putting people off and whether they are doing enough to develop those who do want it.”
The research also identified a potential development gap among those considering the role, with 72% of finance professionals saying their current position was not giving them the experience they would need to become a CFO.
Just 26% believed they were gaining the necessary experience.
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