CFO vs. Controller | What Are The Differences In Terms Of Tasks, Pay & Education

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Reaching a CFO position is a great goal to have if you are in Finance. CFO stands for Chief Financial Officer, which means you’ll be sitting with the executive team and making decisions that will impact the entire company.
My role however is a corporate controller, which means that the CFO is my boss and we have different job descriptions.
A friend of mine once told me that he thought a controller is a mini CFO, which was kind of a hilarious thought. But this got me wondering:
Do people really think that a controller is a mini version of a CFO?
What are the differences in the job description between a controller and a CFO?
Is becoming a controller a good stepping stone into getting a role as a CFO?
What is a typical career trajectory that leads to a CFO role?
What is the earning potential for both a controller and a CFO?
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