â–¶What's the difference between CFA and MBA Finance?
CFA (3 years, $3k, exams only) focuses on investments, securities, portfolio management. MBA Finance (2 years, $40-80k, coursework + internships) covers broader finance including corporate finance, capital markets, accounting. For corporate finance/CFO roles, MBA is more applicable; CFA suits asset management.
â–¶Should I train in-house or at an investment bank?
Banking (2-3 years) teaches M&A, valuation, pitch decks, deal execution under pressure. In-house finance (FP&A team) teaches business operations, budgeting, forecasting, cross-functional alignment. Banking pays more (+$20-30k) but burnout is real (100 hr/week). Choose banking for exit optionality, in-house for stability.
â–¶What FP&A skills matter most in practice?
Three pillars: (1) Excel mastery—building models fast and correctly; (2) storytelling—turning numbers into business narrative for execs; (3) systems—knowing when to automate forecast vs. keep manual. Most hires fail on (2).
â–¶How has AI changed finance roles?
AI handles routine tasks: reconciliation, anomaly detection, data quality checks. High-value work remains: strategy scenarios, deal due diligence, forecasting assumptions, investor relations. Finance roles are shifting from execution to judgment. Upskill: scenario modeling, probability weighting, strategic foresight.
▶What's the salary progression Corporate Finance → CFO?
L1 (Junior Analyst): $70-95k → L2 (Manager/Senior Analyst): $95-140k → L3 (Director/VP Finance): $140-250k → CFO: $200-600k+ (depends on company size). Public CFOs (S&P 500): $500k-$2M. Early-stage CFOs: $150-300k + equity.
▶Corporate Finance or Accounting—which pays more?
Corporate Finance / FP&A L2-L3: $120-200k. Accounting / Controller L2-L3: $100-160k. Finance roles typically +$20-40k because they drive business decisions. But top controllers (Big 4 partner track) can exceed CFOs.
â–¶How do I transition from operations/marketing into corporate finance?
Learn Excel & SQL (3 months), get a contract FP&A role (6-12 months), then hire in. Or MBA Finance (2 years, accelerates to middle-market CFO). Your ops background = huge plus (understand the business; pure accountants don't).