A chief executive officer/manager stands at the top of the executive management ladder. As the highest-ranking manager, they set the organization's vision and overall direction relating to business operations and possible expansion.
Their responsibilities may vary depending on the company's size, organizational structure, product, and goals. But their prime duties always include the formulation of strategic plans, evaluation of executive officers, coordination with the board of directors, and assessment of business successes and progress. Making crucial business decisions mostly rests on their shoulders. They use their comprehensive experience and knowledge in business dynamics and management to appropriately allocate and apply corporate resources. They also serve as the face of the organization in various events and functions.
Pursuing a career as a chief executive officer/manager typically requires a bachelor's or a master's degree in business administration. Professional certifications, along with a significant amount of work experience, are also mandatory. It is common for companies to hire someone from within the organization. In most cases, the company's shareholders and directors conduct the selection process.
On average, the chief executive officer/manager earns $92 per hour, which constitutes an annual salary of $191,390.
There is more than meets the eye when it comes to being a chief executive officer/manager. For example, did you know that they make an average of $67.51 an hour? That's $140,415 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 chief executive officer/managers 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 communication skills, leadership skills and management skills.
When it comes to the most important skills required to be a chief executive officer/manager, we found that a lot of resumes listed 13.7% of chief executive officer/managers included financial statements, while 9.7% of resumes included payroll, and 5.4% of resumes included business development. 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 chief executive officer/manager job title. But what industry to start with? Most chief executive officer/managers actually find jobs in the health care and technology industries.
If you're interested in becoming a chief executive officer/manager, one of the first things to consider is how much education you need. We've determined that 40.9% of chief executive officer/managers have a bachelor's degree. In terms of higher education levels, we found that 22.3% of chief executive officer/managers have master's degrees. Even though most chief executive officer/managers 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 chief executive officer/manager. When we researched the most common majors for a chief executive officer/manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on chief executive officer/manager resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a chief executive officer/manager. In fact, many chief executive officer/manager jobs require experience in a role such as general manager. Meanwhile, many chief executive officer/managers also have previous career experience in roles such as manager or project manager.