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.
- Direct or coordinate an organization’s financial or budget activities to fund operations, maximize investments, or increase efficiency.
- Appoint department heads or managers and assign or delegate responsibilities to them.
- Analyze operations to evaluate performance of a company or its staff in meeting objectives or to determine areas of potential cost reduction, program improvement, or policy change.
- Direct, plan, or implement policies, objectives, or activities of organizations or businesses to ensure continuing operations, to maximize returns on investments, or to increase productivity.
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 states||Hourly||Annual|
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.
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.
|Business Administration and Management, General|
Pros and Cons
Here are some of the pros and cons of being a Chief Executive.
|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|
|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
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
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.
Related career information
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