We are all aware of famous chief executive officers (CEO) such as Tim Cook, Elon Musk, Warren Buffet, Satya Nadella, and Sundar Pichai. Stock prices, market adoption, product innovation, and economic prosperity are all affected by the decisions of these CEOs. We can imagine how much brainpower is used daily to run operations of a company valued at $1 trillion.
The primary role of a chief executive officer is to manage the resources and operations of an organization. Daily, they are involved in developing operational strategies, launching marketing initiatives, managing staff operations, and overseeing business pricing structures. Besides that, they also monitor financial performance, lead system improvements, and facilitate compliance programming.
To be a CEO, one must at least have a bachelor's degree. It could be one that is business-related or more specialized, such as engineering. More importantly, work experience in a senior management role must be shown, such as a director of an operation or a vice president in a specific department. A chief executive officer earns, on average, $100 per hour.
There is more than meets the eye when it comes to being a president/chief executive officer. For example, did you know that they make an average of $115.48 an hour? That's $240,200 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 president/chief executive officers 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 president/chief executive officer, we found that a lot of resumes listed 9.3% of president/chief executive officers included financial management, while 9.0% of resumes included business development, and 6.8% of resumes included revenue growth. 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 president/chief executive officer job title. But what industry to start with? Most president/chief executive officers actually find jobs in the manufacturing and finance industries.
If you're interested in becoming a president/chief executive officer, one of the first things to consider is how much education you need. We've determined that 42.1% of president/chief executive officers have a bachelor's degree. In terms of higher education levels, we found that 29.3% of president/chief executive officers have master's degrees. Even though most president/chief executive officers 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 president/chief executive officer. When we researched the most common majors for a president/chief executive officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on president/chief executive officer resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a president/chief executive officer. In fact, many president/chief executive officer jobs require experience in a role such as vice president. Meanwhile, many president/chief executive officers also have previous career experience in roles such as president or senior vice president.