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Survey Reveals Majority of CFOs Find a Consulting Career Attractive

 

MENLO PARK, CA -- The idea of being their own boss holds strong appeal for finance professionals, suggests a new survey. Seventy-five percent of chief financial officers (CFOs) polled said a career in consulting is an attractive option. More than one-third (35 percent) of those surveyed cited variety and professional challenge as the most enticing aspects of project work.

The survey was developed by RHI Management Resources, North America's largest consulting services firm providing senior-level accounting and finance professionals on a project basis. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.

CFOs were asked, "In your opinion, how attractive is a career in consulting to senior-level accounting and finance executives? Would you say it is..?" Their responses:

Very attractive 20%
Somewhat attractive 55%
Somewhat unattractive 16%
Very unattractive 4%
Don't know/no answer 5%
100%

CFOs were also asked, "Which of the following is the most attractive aspect of a career in consulting?" Their responses:

Variety and challenge of work 35%
Flexible schedule 30%
Attractive compensation 13%
Ability to make decisions more autonomously 11%
Active employment/secure in job 5%
All of the above 1%
Don't know/no answer 5%
  100%

"The wide range of project work available has made consulting a viable career option for executives seeking more flexibility and greater professional challenge," said Paul McDonald, executive director of RHI Management Resources.

McDonald noted that the demand for senior financial talent on a project basis has accelerated. "Companies today are bringing in project consultants for just-in-time solutions to large-scale initiatives ranging from mergers and acquisitions to business process improvement. Consultants are also adding value by mentoring and training a client's internal staff during an engagement."

In a separate RHI Management Resources survey, 55 percent of 230 financial consultants polled said they believe variety and challenge are the greatest benefits of project work, followed by a flexible schedule at 24 percent. Half of the respondents polled said they envision themselves working as consultants for several years or longer.

RHI Management Resources has locations in major cities throughout the United States, Canada, Europe and Australia, and offers online job search services at www.rhimr.com.

 

 

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