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| Home > News > > Financial executives worry about managing cash flow in 2011, survey says |
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| Financial executives worry about managing cash flow in 2011, survey says |
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| 10/29/2010
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A recent survey revealed the biggest concerns of the nation's business leaders heading into 2011.
A TD Bank survey found that 69 percent of chief financial officers (CFOs) and other corporate finance managers at mid-sized businesses said that clash flow management is the duty that worries them the most. Despite their concerns, only 7 percent said that they plan on reducing expenses in 2011.
More than half of those surveyed said they expect their sales to increase next year, while 39 percent project that their capital investments will expand.
Nearly 80 percent of respondents said that they expect the economic recovery from the recession to take up to two years. They said that lower unemployment rates, sustained growth in business sales and an influx of new customers will lead to the upturn.
The survey also shows that many executives believe they have learned a lot from steering their company's finances through a difficult economy. The top lesson, according to the survey, was learning about the need to manage the right amount of debt.
According to the most recent data on PayScale.com, a CFO with an MBA earns an average salary between $91,449 and $170,375 per year. A senior financial analyst with an MBA makes between $63,883 and $82,750. |
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