University of Minnesota - UMN Executive Leadership Insights
Your First 90 Days as CFO
Report

Your First 90 Days as CFO

The Boston Consulting Group
Boston Consulting Group, 2021
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Editorial Rating

7

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  • Overview
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For decades, the prevailing wisdom held that chief financial officers managed company finances, while CEOs and COOs handled corporate strategy and tactical decisions. But CFOs are now charged with a far broader range of duties, encompassing a variety of roles. According to Boston Consulting Group experts, a CFO’s first quarter can be a make-or-break period, setting the stage for future success or failure. Current and aspiring C-suite executives will find a 90-day blueprint for effective CFO initiation in this informative report.

Summary

The role of the chief financial officer has expanded to include setting and implementing corporate strategy.

The notion of the chief financial officer as strictly a bean counter is a relic of the past. Today’s CFO is a top-level strategist and enterprise manager who supervises a corporation’s financial performance and all its basic functions, including audits, compliance and risk management.

However, this new dynamic can be a tough slog for finance professionals. A study of 700 publicly listed companies from 2015 to 2020 found that close to 10% of CFOs burn out in one year...

About the Author

The Boston Consulting Group is a leading global consulting firm.

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