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Become A President/Chief Executive Officer

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Working As A President/Chief Executive Officer

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $182,229

    Average Salary

What Does A President/Chief Executive Officer Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A President/Chief Executive Officer

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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President/Chief Executive Officer jobs

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Average Length of Employment
President/Owner 7.8 years
Managing Partner 5.0 years
Division President 4.6 years
Executive Director 4.4 years
Vice President 4.3 years
President 3.9 years
Director 3.7 years
Division Director 3.5 years
Top Employers Before
President 8.4%
Director 4.8%
Consultant 3.3%
Manager 3.1%
Top Employers After
President 9.7%
Consultant 5.9%
Owner 3.7%
Director 3.5%
Principal 3.4%

President/Chief Executive Officer Demographics

Gender

Male

64.7%

Female

32.7%

Unknown

2.6%
Ethnicity

White

82.8%

Hispanic or Latino

8.6%

Asian

6.3%

Unknown

1.7%

Black or African American

0.6%
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Languages Spoken

Spanish

45.1%

French

15.1%

German

7.2%

Italian

4.7%

Portuguese

3.4%

Chinese

3.4%

Japanese

3.4%

Russian

3.1%

Arabic

2.8%

Korean

2.2%

Mandarin

1.6%

Carrier

1.5%

Hebrew

1.2%

Turkish

1.0%

Armenian

0.9%

Thai

0.7%

Greek

0.7%

Polish

0.7%

Swedish

0.6%

Dutch

0.6%
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President/Chief Executive Officer Education

Schools

University of Phoenix

15.4%

Harvard University

8.7%

New York University

5.9%

George Washington University

5.6%

Michigan State University

5.0%

Northwestern University

4.9%

University of Southern California

4.8%

Northeastern University

4.8%

University of California - Los Angeles

4.2%

University of Pennsylvania

4.2%

University of Houston

3.9%

Southern Methodist University

3.8%

Pennsylvania State University

3.8%

University of Texas at Austin

3.8%

Temple University

3.7%

Georgia State University

3.6%

Boston University

3.5%

Ohio State University

3.5%

University of Florida

3.4%

Florida State University

3.4%
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Majors

Business

38.5%

Management

7.3%

Finance

7.2%

Accounting

5.0%

Marketing

4.9%

Political Science

4.1%

Psychology

3.6%

Communication

3.4%

Education

3.2%

Law

3.2%

Computer Science

2.9%

Electrical Engineering

2.4%

Economics

2.2%

Criminal Justice

2.2%

Health Care Administration

2.0%

Public Administration

1.7%

Liberal Arts

1.7%

English

1.7%

Human Resources Management

1.5%

Project Management

1.3%
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Degrees

Bachelors

34.2%

Masters

27.0%

Other

23.2%

Doctorate

5.9%

Associate

4.9%

Certificate

3.9%

Diploma

0.6%

License

0.3%
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Full Time
Part Time
Internship
Temporary

Real President/Chief Executive Officer Salaries

Job Title Company Location Start Date Salary
President & Chief Executive Officer Cabot Corporation Boston, MA Sep 17, 2013 $990,000
President and Chief Executive Officer Peabody Investments Corp. Saint Louis, MO Jun 01, 2015 $855,000
President and Chief Executive Officer Internet Corporation for Assigned Names and Numbers Los Angeles, CA Sep 13, 2016 $800,000 -
$900,000
President and Chief Executive Officer Stillwater Mining Company Littleton, CO Nov 12, 2015 $712,000
President and Chief Executive Officer Stillwater Mining Company Billings, MT Sep 11, 2015 $660,000
Chief Executive Officer and Executive Vice President World Jewish Congress, LLC New York, NY Sep 18, 2016 $600,000
CEO and Global President SMI Media Inc. New York, NY Mar 20, 2013 $600,000 -
$700,000
President/Ceo Diamonds Direct USA Inc. Charlotte, NC Aug 25, 2016 $525,000
President and CEO IODP Management International, Inc. Washington, DC Dec 19, 2013 $501,694
President and CEO Vingtech, LLC Biddeford, ME Sep 24, 2013 $500,000 -
$700,000
President and Chief Executive International Association of Drilling Contractors Houston, TX Sep 04, 2015 $475,000
President and CEO Proteostasis Therapeutics, Inc. Cambridge, MA Jul 18, 2016 $450,000
President and CEO Novogen North America, Inc. New York, NY May 15, 2013 $257,675
President and CEO IODP Management International, Inc. Washington, DC Dec 19, 2013 $250,837
President and Chief Executive Officer Robertson Foundation New York, NY Jan 08, 2016 $250,000 -
$500,000
President and Chief Executive Officer LDM Global LLC Steamboat Springs, CO Jun 09, 2013 $250,000 -
$300,000
President/Chief Executive Officer Texas and Oklahoma Coal Company (USA) LLC Dallas, TX Aug 01, 2013 $250,000 -
$350,000
President and Chief Executive Officer International Rescue Committee, Inc. New York, NY Jun 13, 2016 $250,000 -
$750,000
Chief Executive Officer and Executive Vice President World Jewish Congress, LLC New York, NY Sep 18, 2016 $250,000
President & CEO Godel Capital, LLC Greenwich, CT Nov 23, 2015 $250,000
President & Chief Executive Officer Vitasoy USA, Inc. Woburn, MA Jun 15, 2016 $209,602 -
$250,000
President & Chief Executive Officer Vitasoy USA, Inc. Woburn, MA Jul 06, 2016 $209,602 -
$250,000
CEO/President Invisousa Corporation Celebration, FL Oct 20, 2014 $204,000
President/Ceo Dermatologic Cosmetic Laboratories, Ltd. East Haven, CT Jan 10, 2016 $200,000
Chief Executive (Known Internally As President) Langu Consulting Telluride, CO Jan 07, 2015 $200,000
President/Ceo Bilstein Cold Rolled Steel LP Bowling Green, KY Sep 20, 2016 $200,000
President and CEO MAUI Divers of Hawaii, Ltd Urban Honolulu, HI Jun 01, 2015 $200,000 -
$320,000
President/Ceo Krush Communications, LLC Brandon, FL Sep 10, 2014 $200,000

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Top Skills for A President/Chief Executive Officer

FinancialManagementProductDevelopmentStrategicPartnershipsBusinessDevelopmentRegulatoryComplianceCustomerServiceBusinessPlanPresident/CeoPayrollTravelArrangementsPWebExpenseReportsAdditionalInternationalTravelSafetyRealEstateHealthcareStrategicPlanHumanResources

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Top President/Chief Executive Officer Skills

  1. Financial Management
  2. Product Development
  3. Strategic Partnerships
You can check out examples of real life uses of top skills on resumes here:
  • Directed internal operations including staff supervision, regulatory compliance, and financial management.
  • Expanded Product Development and Lost Control functions which gave strategic advantages and increased barriers to entry by competitors.
  • Established strategic partnerships ranging from foreign governments to billion dollar development companies to private clients all while operating on shoestring budgets.
  • Recruited high profile board members to strengthen access and knowledge of capital markets and business development/partnering expertise.
  • Utilize expertise in corporate finance, materials procurement, manufacturing, inventory controls, regulatory compliance and timely service delivery.

Top President/Chief Executive Officer Employers

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President/Chief Executive Officer Videos

Davos Open Forum 2007 - CEO Salaries: How High Will They Go?

Edward L. Monser, President and Chief Operating Officer of Emerson

Google Ventures CEO on Life Sciences and the Future of AI

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