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The differences between business executives and chief executive officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business executive, becoming a chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $63,101 average annual salary of a business executive.
The top three skills for a business executive include customer service, customer satisfaction and revenue growth. The most important skills for a chief executive officer are healthcare, patients, and patient care.
| Business Executive | Chief Executive Officer | |
| Yearly salary | $63,101 | $192,260 |
| Hourly rate | $30.34 | $92.43 |
| Growth rate | 6% | 6% |
| Number of jobs | 138,097 | 149,185 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 59% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
The duties of a business executive depend upon their position and industry of employment. In general, they are in charge of spearheading and overseeing business operations to ensure that everything runs smoothly and efficiently. They typically have the power to make corporate decisions, set goals and budgets, establish guidelines and timelines, negotiate with potential business partners, and develop business strategies to optimize overall operations. Moreover, a business executive implements and promotes company policies and regulations, creating new ones as needed.
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Business executives and chief executive officers have different pay scales, as shown below.
| Business Executive | Chief Executive Officer | |
| Average salary | $63,101 | $192,260 |
| Salary range | Between $29,000 And $135,000 | Between $104,000 And $354,000 |
| Highest paying City | Albany, NY | Urban Honolulu, HI |
| Highest paying state | New York | Hawaii |
| Best paying company | The Walt Disney Company | Alecto Healthcare Services LLC |
| Best paying industry | - | Start-up |
There are a few differences between a business executive and a chief executive officer in terms of educational background:
| Business Executive | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business executives' and chief executive officers' demographics:
| Business Executive | Chief Executive Officer | |
| Average age | 44 | 52 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 68.5% Female, 31.5% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |