What does a private sector executive do?
Private sector executive responsibilities
Here are examples of responsibilities from real private sector executive resumes:
- Lead international donor efforts to promote investment and reform the regulatory environment for business registration, taxation, permitting and inspection.
- Perform market research analysis/comparison/trends/consultation for current and prospective clients /weekly PowerPoint presentations Accomplishments/Rewards.
- Act as a liaison between FEMA departments, delivering important information to ensure a common operating picture.
- Spearhead company's rebranding initiative - as part of UK governmental utility privatization program.
Private sector executive skills and personality traits
We calculated that 41% of Private Sector Executives are proficient in Financial Statements, Business Plan, and Private Sector Development. They’re also known for soft skills such as Management skills, Time-management skills, and Problem-solving skills.
We break down the percentage of Private Sector Executives that have these skills listed on their resume here:
- Financial Statements, 41%
Full accounting and general ledger responsibility including preparation of standalone and consolidated financial statements for multiple asset origination entities.
- Business Plan, 26%
Created semi-annual business plan to maintain and grow the business by 10% year over year.
- Private Sector Development, 22%
Developed an extensive project document outlining Tajikistan's current and proposed Private Sector Development Strategy.
- Business Development, 5%
Collaborate with Proposal Development teams to drive business development activities related to Enterprise Architecture activities.
- Public Sector, 5%
Improved awareness in the public sector division and conducted troubleshooting eliminating competitive advantages.
Most private sector executives use their skills in "financial statements," "business plan," and "private sector development" to do their jobs. You can find more detail on essential private sector executive responsibilities here:
Time-management skills. Another soft skill that's essential for fulfilling private sector executive duties is time-management skills. The role rewards competence in this skill because "top executives do many tasks concurrently to ensure that their work gets done and that the organization meets its goals." According to a private sector executive resume, here's how private sector executives can utilize time-management skills in their job responsibilities: "lead business development, contracting, and managing contractors and deadlines to execute on client s projects. "
Problem-solving skills. private sector executives are also known for problem-solving skills, which are critical to their duties. You can see how this skill relates to private sector executive responsibilities, because "top executives need to identify and resolve issues within an organization." A private sector executive resume example shows how problem-solving skills is used in the workplace: "managed employee hiring, payroll, training, conflict resolution - managed catering and event planning. "
Communication skills. private sector executive responsibilities often require "communication skills." The duties that rely on this skill are shown by the fact that "top executives must be able to convey information clearly and persuasively." This resume example shows what private sector executives do with communication skills on a typical day: "created product development, marketing and communications for my own start-up company. "
Leadership skills. Another crucial skill for a private sector executive to carry out their responsibilities is "leadership skills." A big part of what private sector executives relies on this skill, since "top executives must be able to shape and direct an organization by coordinating policies, people, and resources." How this skill relates to private sector executive duties can be seen in an example from a private sector executive resume snippet: "provided leadership to business development staff to initiate and complete project. "
The three companies that hire the most private sector executives are:
- Ernst & Young12 private sector executives jobs
- Bank of America8 private sector executives jobs
- The Hartford5 private sector executives jobs
Compare different private sector executives
Private sector executive vs. Client account manager
A client account manager is responsible for handling project management deliverables for clients and business partners, ensuring the efficiency and accuracy of outputs, and following the clients' specifications and requirements within their budget limitations and timetables. Client account managers coordinate with clients for progress updates on their projects, as well as negotiating contracts and adjusting project goals and agreements. They also identify business opportunities by monitoring industry trends to develop new products and services that would drive revenue resources and profits to the business.
There are some key differences in the responsibilities of each position. For example, private sector executive responsibilities require skills like "financial statements," "business plan," "internal controls," and "private sector development." Meanwhile a typical client account manager has skills in areas such as "customer service," "account management," "client service," and "client accounts." This difference in skills reveals the differences in what each career does.
On average, client account managers reach lower levels of education than private sector executives. Client account managers are 8.7% less likely to earn a Master's Degree and 2.7% less likely to graduate with a Doctoral Degree.Private sector executive vs. Co-founder
A Co-Founder is an essential member of a company as they complement the skills, vision, and mission of the Founder. Most of the time, the tasks of a Co-Founder revolve around the financial planning and developing strategies that would be beneficial for the company's financial gain and workforce. Furthermore, a Co-Founder must coordinate with the Founder and other staff and departments to remain aware of the progress or issues, should there be any, to provide timely resolutions.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that private sector executive responsibilities requires skills like "internal controls," "private sector development," "usaid," and "private sector entities." But a co-founder might use other skills in their typical duties, such as, "business strategy," "non-profit organization," "r," and "facebook."
Average education levels between the two professions vary. Co-founders tend to reach similar levels of education than private sector executives. In fact, they're 3.1% less likely to graduate with a Master's Degree and 2.7% less likely to earn a Doctoral Degree.Private sector executive vs. Co-owner
A co-owner is responsible for ensuring smooth business operations, searching for the best industrial opportunities to drive revenues and increase profitability. Some of the business co-owners' duties include planning activities for business promotions, monitoring current market trends, establishing a reliable workforce, developing product specifications, managing financial goals and cost estimates, strengthening marketing strategies, and keeping records of business papers and documents. A co-owner should have excellent leadership, communication, and decision-making skills to secure business growth and success.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a private sector executive is likely to be skilled in "internal controls," "private sector development," "usaid," and "private sector entities," while a typical co-owner is skilled in "customer service," "quickbooks," "inventory control," and "windows."
Most co-owners achieve a lower degree level compared to private sector executives. For example, they're 11.2% less likely to graduate with a Master's Degree, and 2.0% less likely to earn a Doctoral Degree.Private sector executive vs. Owner
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
Types of private sector executive
Updated January 8, 2025