Chief Executives: Salary, Job Description, How To Become One, and Quiz

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Chief Executives career information
pros and cons of being a Chief Executive

Chief Executives

determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

$200140
Salary
88%
Job Satisfaction
Very Hard
Becoming One
Low
Job Growth
Suitable Personality

Chief Executives

Salary, Job Description, How To Become One, and More


In this career summary, you will find out what the job of a Chief Executive is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Chief Executives determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.


    Read more about what does a Chief Executive really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $200140 per year

    Average hourly wage
    $96 per hour


    Chief Executives with little to no experience tend to make between $68360 and $115960 while the more experienced ones can earn over $208,000 per year.

    Top 5 paying statesHourlyAnnual
    SD$121$251,950
    DC$119$247,500
    RI$117$242,350
    TX$115$239,680
    NJ$112$233,050

    One of the easiest ways to increase your salary as a Chief Executive is to move to a higher paying state like SD. Right now, the highest paying states for Chief Executives are SD, DC, RI, TX and NJ.

    However a higher pay at SD doesn’t guarantee that you will make more because the living expenses at SD might be twice as high than where you are currently at now.

    Three other factors that can increase your salary as a Chief Executive is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    Master’s Degree

    We asked other Chief Executives what degree they had when they got the job and most of them said they had a Master’s Degree followed by a Bachelor’s Degree.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    Public Administration
    Business/Commerce, General
    Business Administration and Management, General
    Entrepreneurship/Entrepreneurial Studies
    Finance, General

    Read more about how to become a Chief Executive and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Chief Executive.

    PROS
    Suitable for people who likes to start and carry out projects
    Suitable for people who wants recognition and wants career advancement and a prestigious career
    Demand for this career is growing
    This career is perfect for people who love to work indoors.
    One of the highest paid careers in the world
    CONS
    Not suitable for people who likes practical and hands-on work
    It is very hard to get into this career. Extensive skill, knowledge, and experience is required for this career.
    Long working hours (More than 40 hours per week)



    What is the job like

    Job satisfaction
    88%

    Is this job meaningful
    74%


    88% of Chief Executives said they were satisfied with their job and 74% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Entrepreneurs and The Organizers


    You can read more about these career personality types here.

    People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..

    They also like following set procedures and routines. They like working with data and details more than with ideas.



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