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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.
Average Length of Employment
Top Careers Before Senior Vice President
Top Careers After Senior Vice President
Hispanic or Latino8.5%
Black or African American0.6%
Senior Vice President
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New York University10.1%
University of Phoenix5.9%
University of Pennsylvania5.7%
University of Chicago5.5%
George Washington University4.9%
Michigan State University4.6%
Pennsylvania State University3.9%
University of Florida3.7%
University of Southern California3.7%
Senior Vice President
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|Job Title||Company||Location||Start Date||Salary|
|General Counsel and Senior Vice President||International Lease Finance Corporation||Los Angeles, CA||Nov 28, 2011||$500,000|
|Senior Vice-President of Development/Construction||Westfield LLC||Los Angeles, CA||Oct 24, 2016||$460,000|
|Senior Vice President, Real Estate Leasing||Westfield LLC||Los Angeles, CA||Apr 17, 2017||$415,000|
|Senior Vice||Brookfield Property Group LLC||Los Angeles, CA||Mar 19, 2014||$350,000|
|Senior Vice||Brookfield Property Group LLC||Los Angeles, CA||Apr 11, 2015||$350,000|
|Senior Vice President and Group Co-Head (Origination)||Plenary Group USA Ltd||Los Angeles, CA||Aug 02, 2017||$330,000 -
|Senior Vice President||Plenary Group USA Ltd||Los Angeles, CA||Aug 02, 2017||$330,000 -
|Senior Vice||Westfield, LLC||Los Angeles, CA||Feb 01, 2013||$325,000 -
|Senior Vice||Brookfield Property Group LLC||Los Angeles, CA||Mar 06, 2014||$320,000|
|Senior Vice||Brookfield Asset Management LLC||Los Angeles, CA||Sep 06, 2013||$320,000|
|Senior Vice||Twentieth Century Fox Film Corporation||Los Angeles, CA||May 18, 2016||$315,000|
|Senior Vice||Twentieth Century Fox Film Corp.||Los Angeles, CA||May 27, 2014||$300,000|
|Senior Vice President, Corporate Planning||International Lease Finance Corporation||Los Angeles, CA||Oct 18, 2010||$300,000|
|Senior Vice President||Amwins Group Inc.||Los Angeles, CA||Jan 06, 2014||$300,000|
|Senior Vice President||Amwins Group, LLC||Los Angeles, CA||Apr 05, 2016||$300,000|
|Senior Vice President||Amwins Group LLC||Los Angeles, CA||Feb 11, 2016||$300,000|
|Senior Vice President||Plenary Group USA Ltd||Los Angeles, CA||Aug 19, 2015||$295,000 -
|SVP, Commercial Revenue and Strategy||Fox Cable Networks Services, LLC||Los Angeles, CA||Apr 18, 2018||$290,000|
|SVP, Commercial Revenue and Strategy||Fox Networks Group Inc.||Los Angeles, CA||Apr 18, 2018||$290,000|
|SVP, Commercial Revenue and Strategy||Fox Network Group Inc.||Los Angeles, CA||Apr 18, 2018||$290,000|
|Senior Vice President||Plenary Group USA Ltd.||Los Angeles, CA||Aug 19, 2013||$280,000|
|SVP, Director of Experience Strategy & Design||Rapp Worldwide California Inc.||Los Angeles, CA||May 06, 2016||$275,000|
|Senior Vice||Eharmony, Inc.||Los Angeles, CA||Aug 27, 2018||$268,000|
|Senior Vice President of Purchasing and Merchandis||ADIR International LLC||Los Angeles, CA||Sep 16, 2016||$265,000|
|Senior Vice President, Store Design & Construction||Lucky Brand Dungarees, Inc.||Los Angeles, CA||Jul 22, 2012||$255,000|
|SVP, Experience Strategy||Rapp Worldwide California Inc.||Los Angeles, CA||Feb 22, 2018||$250,000 -
|Senior Vice President-North America||Movio Inc.||Los Angeles, CA||Aug 15, 2016||$250,000|
|Senior Vice||Matilda Media Group LLC||Los Angeles, CA||May 13, 2012||$250,000|
|SR. Vice President Handbags||Halston Operating Company LLC||Los Angeles, CA||Aug 08, 2011||$250,000|
|SR. Vice President Handbags||Halston Operating Company LLC||Los Angeles, CA||Aug 15, 2011||$250,000|
|Senior Vice President||Matilda Media Group LLC||Los Angeles, CA||May 01, 2012||$240,000|
|Senior Vice President Footwear Design||Halston Operating Company, LLC||Los Angeles, CA||Dec 01, 2014||$225,000|
|SR. Vice President Footwear Division||Halston Operating Company LLC||Los Angeles, CA||Feb 18, 2016||$225,000|
|Senior Vice President Physical Production||Mar Vista Entertainment LLC||Los Angeles, CA||May 09, 2017||$220,000 -
|SVP, Director of Experience Strategy & Design||Rapp Worldwide California Inc.||Los Angeles, CA||Aug 28, 2017||$215,000 -
|Senior Vice President/Transactional Tax Counsel||Ares Operations LLC||Los Angeles, CA||Oct 01, 2015||$206,000|
|Transactional Tax Counsel, SVP||Ares Operations, LLC||Los Angeles, CA||Sep 14, 2015||$200,824|
|Senior Vice President||National Bank of California||Los Angeles, CA||Oct 31, 2010||$200,000|
|Senior Vice||Kor Hotel Management, LLC||Los Angeles, CA||Nov 11, 2013||$200,000 -
|Senior Vice President; Portfolio Management||Trust Company of The West||Los Angeles, CA||Oct 01, 2010||$200,000|
|Senior Vice President; Securitized Product Trader||Trust Company of The West||Los Angeles, CA||Oct 01, 2013||$200,000|
|Senior Vice||Wasserman Media Group LLC||Los Angeles, CA||Oct 01, 2013||$200,000|
|Senior Vice President/Transactional Tax Counsel||Ares Operations LLC||Los Angeles, CA||Dec 09, 2013||$200,000|
|Senior Vice President||Oaktree Capital Management, L.P.||Los Angeles, CA||Oct 27, 2017||$194,500|
|Senior Vice President||Oaktree Capital Management, L.P.||Los Angeles, CA||Oct 26, 2015||$194,500|
|SVP, Client Services||Schematic Inc.||Los Angeles, CA||Sep 14, 2009||$185,000|
|SVP, Group Planning Director||Deutsch La, Inc.||Los Angeles, CA||Oct 24, 2014||$180,000 -
|SVP, Director of Experience Strategy & Design||Rapp Worldwide California Inc.||Los Angeles, CA||Jun 24, 2016||$175,000 -
|Senior Vice President (Public Relations)||The Narrative Group Inc.||Los Angeles, CA||Jun 18, 2018||$170,000|
|Senior Vice||Lenlyn Ltd.||Los Angeles, CA||Feb 22, 2012||$166,960|
|SR Vice President, International Film Development||IMAX Corporation||Los Angeles, CA||Aug 03, 2015||$165,000 -
|SR. Vice President of Finance, Loyalty & Leisure||Corporate Travel Management North America, Inc.||Los Angeles, CA||May 01, 2017||$163,114 -
|Senior Vice||Lenlyn Ltd.||Los Angeles, CA||Sep 17, 2010||$156,525|
|Senior Vice||Matilda Media Group LLC||Los Angeles, CA||May 01, 2012||$150,000|
|Senior Vice President||Oaktree Capital Management, L.P.||Los Angeles, CA||Oct 27, 2017||$150,000|
|Senior Vice President||Oaktree Capital Management, L.P.||Los Angeles, CA||Jun 03, 2018||$150,000|
|Senior Vice President Reasearch & Busniess Develop||Educational Networks, Inc.||Los Angeles, CA||Jul 16, 2010||$130,000|
|Senior Vice President for Business and Legal Affai||Westmount Media, LLC||Los Angeles, CA||Feb 26, 2010||$100,000|
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