No. 5: Corporate financial skills a must for CIOs - Six ways the CIO job description is changing

Six ways the CIO job description is changing

No. 5: Corporate financial skills a must for CIOs

3 of 7
cio_jobslides_2012_03.jpg Source: Thinkstock/Getty Images

Coming in at No. 5, with 19.1% of the vote, is corporate finance. The CIOs and IT executives we surveyed made clear that corporate financial skills and a firm understanding of how the business makes and allocates money is essential to the new CIO role.

This is not to say that demonstrating financial skills hasn't long been part of the CIO job description but, increasingly, CIOs must be willing and able to work with the entire organization to understand how technology fits into the overall corporate budget. Global IT industry trends, the emergence of new service-delivery models and other factors mean new challenges when it comes to fitting IT purchases into traditional spending categories. A CIO's understanding of corporate finances, and how different strategies will improve the organization's financial outlook as a whole, will help make some of these IT decisions easier.

3 of 7

More from this story

There are Comments. Add yours.

TIP: Want to include a code block in your comment? Use <pre> or <code> tags around the desired text. Ex: <code>insert code</code>

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
Sort by: OldestNewest

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to: