forbes.com
Targeted Networking Strategy Boosts CFO Job Search Success
A CFO seeking a new position can significantly improve their job search by using a targeted networking strategy that prioritizes key individuals such as board members, venture capital firms, private equity firms, professional service providers, retained search firms, and peers depending on whether they are targeting public or private companies.
- How does a CFO's networking strategy differ between targeting public versus private companies?
- To secure a CFO position, networking with specific groups is crucial. For public companies, focusing on board members, retained search firms, professional service providers, and peers is recommended; for private companies, the focus should be on board members, venture capital/private equity firms, professional service providers, retained search firms, and peers. This tailored strategy maximizes the chance of finding a relevant opportunity.
- What are the long-term implications of a well-executed networking strategy for a CFO's career trajectory beyond simply finding a new position?
- This targeted networking strategy leverages the fact that most job opportunities aren't advertised publicly. By prioritizing connections within specific sectors (e.g., venture capital for private companies), the CFO increases the likelihood of discovering unadvertised roles and accelerates their job search. This approach efficiently utilizes their time and resources.
- What is the most effective networking strategy for a CFO transitioning to a new role, considering the majority of positions are not publicly advertised?
- The majority of job openings, 70-80%, are filled through networking rather than public job postings. A CFO in transition can significantly improve their job search by strategically networking with key individuals. This targeted approach increases the speed of finding a suitable opportunity.
Cognitive Concepts
Framing Bias
The framing is largely neutral and informative. The text presents a balanced overview of various networking strategies, emphasizing the importance of a targeted approach based on the type of company. The example of the CFO's focused strategy reinforces the advice without unduly promoting any specific method.
Sustainable Development Goals
The article focuses on strategies for CFOs to network effectively and secure new positions. This directly contributes to decent work and economic growth by facilitating employment and career advancement within the finance sector. Improved networking leads to more efficient job placement, reducing unemployment and boosting economic activity.