Business leaders are responsible for encouraging employees to attain the company's business goals and objectives. They are analysts with the ability to understand what is going on in the industry. They review the financial situation and conduct a competitive analysis on regular occasions. Business leaders earn a median sum of $113,000 annually or $54 per hour.
They are often tasked with structuring the business properly, conceiving ideas, and initiating future growth projects. They try to stay updated on the looming changes, evolving technologies, and competitors. Business leaders are effective communicators who vigorously promote and encourage the exchange of information within the organization.
They typically hold a bachelor's or master's degree in business or a related field from an accredited university in terms of academic qualifications. Business leaders are required to have some essential skills, namely project management, business requirements, etc. Some employers prefer candidates with some years of experience in a leadership role.
There is more than meets the eye when it comes to being a business leader. For example, did you know that they make an average of $49.04 an hour? That's $101,993 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many business leaders 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 leader, we found that a lot of resumes listed 9.4% of business leaders included procedures, while 8.3% of resumes included customer service, and 8.1% of resumes included analytics. 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 leader job title. But what industry to start with? Most business leaders actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a business leader, one of the first things to consider is how much education you need. We've determined that 49.0% of business leaders have a bachelor's degree. In terms of higher education levels, we found that 32.2% of business leaders have master's degrees. Even though most business leaders 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 leader. When we researched the most common majors for a business leader, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business leader resumes include high school diploma degrees or associate degree degrees.
You may find that experience in other jobs will help you become a business leader. In fact, many business leader jobs require experience in a role such as project manager. Meanwhile, many business leaders also have previous career experience in roles such as business analyst or manager.