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Working as a Business Executive

There is more than meets the eye when it comes to being a business executive. For example, did you know that they make an average of $34.05 an hour? That's $70,833 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a Business Executive Do

There are certain skills that many business executives have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed leadership skills, management skills and problem-solving skills.

When it comes to the most important skills required to be a business executive, we found that a lot of resumes listed 28.0% of business executives included customer service, while 9.6% of resumes included revenue growth, and 9.2% of resumes included territory. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business executive job title. But what industry to start with? Most business executives actually find jobs in the technology and finance industries.

How To Become a Business Executive

If you're interested in becoming a business executive, one of the first things to consider is how much education you need. We've determined that 44.2% of business executives have a bachelor's degree. In terms of higher education levels, we found that 31.7% of business executives have master's degrees. Even though most business executives have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a business executive. When we researched the most common majors for a business executive, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business executive resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a business executive. In fact, many business executive jobs require experience in a role such as account executive. Meanwhile, many business executives also have previous career experience in roles such as sales representative or sales manager.

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Average Salary$70,833
Job Growth Rate6%

Business Executive Career Paths

Top Careers Before Business Executive

Top Careers After Business Executive

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Average Salary for a Business Executive

Business Executives in America make an average salary of $70,833 per year or $34 per hour. The top 10 percent makes over $216,000 per year, while the bottom 10 percent under $23,000 per year.
Average Salary
$70,833

Best Paying Cities

City
Average Salary
Albany, NY
Salary Range78k - 184k$120k$119,947
Colorado Springs, CO
Salary Range67k - 152k$101k$101,198
Stockton, CA
Salary Range61k - 146k$95k$95,051
Boston, MA
Salary Range61k - 144k$94k$93,976
South Jordan, UT
Salary Range36k - 85k$56k$55,754
Urban Honolulu, HI
Salary Range23k - 52k$35k$35,165
$23k
$184k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Executive, Business Risk and Controls-Bank Qa/Qc
Executive, Business Risk and Controls-Bank Qa/Qc
USAA
USAA
01/27/2021
01/27/2021
$135,20001/27/2021
$135,200
Executive, Business Risk and Controls-Bank Qa/Qc
Executive, Business Risk and Controls-Bank Qa/Qc
USAA
USAA
01/27/2021
01/27/2021
$135,20001/27/2021
$135,200
Business Executive Support (Escalation)
Business Executive Support (Escalation)
Comcast
Comcast
01/23/2021
01/23/2021
$40,73801/23/2021
$40,738
Director, Bureau of Meat and Poultry Businesses-Career Executive
Director, Bureau of Meat and Poultry Businesses-Career Executive
Wisconsin State Government
Wisconsin State Government
04/07/2020
04/07/2020
$87,36004/07/2020
$87,360
Business Executive
Business Executive
State of New York
State of New York
09/15/2019
09/15/2019
$105,68109/15/2019
$105,681
See More Recent Salaries

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Business Executive Demographics

Gender

male

55.2 %

female

38.8 %

unknown

6.0 %

Ethnicity

White

72.7 %

Hispanic or Latino

13.0 %

Asian

6.1 %

Foreign Languages Spoken

Spanish

40.0 %

French

18.7 %

Arabic

6.7 %
See More Demographics

Business Executive Education

Majors

Business
35.3 %
Finance
7.5 %

Degrees

Bachelors

44.2 %

Masters

31.7 %

Associate

6.9 %

Top Colleges for Business Executives

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. Pennsylvania State University

University Park, PA • Public

In-State Tuition
$18,454
Enrollment
40,108

6. University of Texas at Austin

Austin, TX • Public

In-State Tuition
$10,610
Enrollment
40,329

7. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

8. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

9. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030
See More Education Info
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Full Time
Part Time
Internship
Temporary

Top Skills For a Business Executive

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 28.0% of business executives listed customer service on their resume, but soft skills such as leadership skills and management skills are important as well.

Best States For a Business Executive

Some places are better than others when it comes to starting a career as a business executive. The best states for people in this position are Rhode Island, New York, Connecticut, and New Jersey. Business executives make the most in Rhode Island with an average salary of $126,730. Whereas in New York and Connecticut, they would average $111,479 and $105,060, respectively. While business executives would only make an average of $104,834 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Business Executive Jobs:
17
Highest 10% Earn:
$224,000
Location Quotient:
1.34
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Pennsylvania

Total Business Executive Jobs:
203
Highest 10% Earn:
$194,000
Location Quotient:
1.27
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Nevada

Total Business Executive Jobs:
35
Highest 10% Earn:
$192,000
Location Quotient:
1.37
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Business Executive Employers

1. IBM
4.8
Avg. Salary: 
$147,408
Business Executives Hired: 
99+
2. Bank of America
4.8
Avg. Salary: 
$88,452
Business Executives Hired: 
33+
3. Xerox
4.7
Avg. Salary: 
$112,209
Business Executives Hired: 
18+
4. Comcast
4.7
Avg. Salary: 
$95,094
Business Executives Hired: 
14+
5. AT&T
4.8
Avg. Salary: 
$99,831
Business Executives Hired: 
13+
6. Better Business Bureau
4.0
Avg. Salary: 
$67,499
Business Executives Hired: 
11+

Business Executive Videos

Updated October 2, 2020