Large venture capital firms and public accounting firms provide the best advancement prospects because they employ a large number of accountants and auditors, and provide a clear-cut promotion path to their employees. At a VC firm, an experienced accountant can advance to the position of chief accountant, and then to controller, and chief financial officer (CFO). Highly experienced and skilled CFOs may be offered a partnership stake. Accountants and auditors at public accounting firms can advance to managerial positions and then to executive-level careers such as chief financial officer, CEO, or chief operating officer.
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