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The Chief Financial Officer (CFO) or Chief Financial and Operating Officer (CFOO) is a corporate officer, primarily responsible for managing the financial risks of the corporation. The officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management.
The majority of CFOs will understandably have an educational background in finance, business, economics or management. A typical path would be a Bachelor's and Master's degree in accounting or other finance-related studies, alongside the ACCA qualification.
According to a survey of Fortune 100 CFOs by Russell Reynolds, 54% had an MBA, but only 12% acquired their undergraduate degree from a top-tier university. So, while education and the relevant qualifications are all important, the quality of your working experience and professional track record is the strongest indicator for potential CFOs.

Hi,
MIM - Masters in Management. This course is for graduates with little or no work experience. MBA is for graduates with more than 2 to 3 years of work experience. Benefits of doing MIM:
1. No need of any work experience 2. It is not that expensive as MBA 3. Best alternative for an MBA4. Started its roots in Europe but now increasing its popularity throughout the world5. Career opportunities - graduates will get entry level positions in various business firms.6. Though salaries of MIM graduates aren't that high as MBA graduates but one can learn a lot from MIM. It gives better opportunities, international exposure, etc.
Benefits of MBA:
1. Global recognised degree.2. Requires more than 3 years of work experience.
3. Expensive compared to MIM4. Salaries are higher 5. Career opportunities - graduates will get managerial positions in various Business firms. So, both the courses are good. It all depends on the individual interests, long term goals, financial conditions etc. So choose wisely among both of them.