If you have a dream to hold a senior position within a successful corporation, a job that comes with authority over operational procedures and making business decisions, then taking the role of an executive vice president may help make your dream a reality. The executive vice president is one of the most prestigious and highest ranked positions in management. Here, you'll play a crucial role in leading the company's business development activities.
Becoming an executive vice president would bring you an incredible opportunity to design and implement your strategic vision and marketing plans for improving the organization. Dealing with business development and its profitability, you will typically work in an office setting during regular business hours. However, you may need to travel on weekends or holidays to attend client meetings or seminars.
If you aspire to pursue the decision-making role of executive vice president, you will likely need a bachelor's or master's degree, preferably in business management, business administration, or a relevant industry. Additional certificate, internship, or supervisory experience may help boost your chances for this role as well. Working as an executive vice president, you could earn a potential annual wage of $238,000, along with bonuses and commissions based on your company's profit. With advanced knowledge of business processes and experience, you may prosper in your career both personally and professionally.
There is more than meets the eye when it comes to being an executive vice president. For example, did you know that they make an average of $112.04 an hour? That's $233,037 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 executive vice presidents 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 an executive vice president, we found that a lot of resumes listed 9.1% of executive vice presidents included financial statements, while 8.8% of resumes included business development, and 5.9% of resumes included oversight. 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 executive vice president job title. But what industry to start with? Most executive vice presidents actually find jobs in the finance and technology industries.
If you're interested in becoming an executive vice president, one of the first things to consider is how much education you need. We've determined that 71.2% of executive vice presidents have a bachelor's degree. In terms of higher education levels, we found that 17.1% of executive vice presidents have master's degrees. Even though most executive vice presidents have a college degree, it's impossible 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 an executive vice president. When we researched the most common majors for an executive vice president, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on executive vice president resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an executive vice president. In fact, many executive vice president jobs require experience in a role such as vice president. Meanwhile, many executive vice presidents also have previous career experience in roles such as senior vice president or president.