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

Stan T.Career, OverviewLeave a Comment

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.

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


Phil Crippen
John Adams IT

The duties of my role vary each day based on the needs of my employees and clients. My typical day I always start my day by arriving at the office around 6:30 am. My days are varied based on what my company and its employees are going through. A standard day will start with me … Read More


David Valverde
Pranos.ai

My typical day is incredibly diverse as a hyper growth startup founder & CEO. I like to divide my day into three parts. The first quadrant is 6 am – 11 am. I book all my Zoom conference calls during this time. Calls usually include – weekly engineering sync up calls, investor updates, corporate security … Read More


Miles Gotcher
Soov

The exciting part of being a founder is that your day to day is almost always changing. Nearly everyday you have new challenges and responsibilities to push the business forward. A beverage may seem like a simple product but a lot more goes into it than meets the eye. Some of my key responsibilities are … Read More


Mark Majkrzak
RAIN Water

My name is Mark, I founded and run RAIN Water. We are a 1% For The Planet, plastic-free spring water brand. By bottling in aluminum we divert thousands of plastic bottles from the landfills and oceans each day. Our aluminum bottles are back on the shelf as something else within 60 days! Aluminum offers an … Read More


Margarita Khosh, MBA, LSSGB
MK Medical Solutions

I’m the CEO & Founder of MK Medical Solutions, LLC, a healthcare operation consulting firm specializing in the implementation stage of starting a healthcare business. My typical workday involves building relationships with health insurance companies, reviewing regulatory compliance standards for different specialty providers under different regulatory agencies, analyzing health insurance provider contracts and reimbursement plans, … Read More


Connor Hewson
Assured Marketing

My typical day is often ever-changing, but some of the more common themes are meeting with senior managers, liaising with clients, suppliers, and 3rd party freelancers, and strategizing on how to best implement company policy. I arrive at the office, often around 7 am with a pre-planned itinerary from the previous day/week on what meetings … Read More


Lee Grant
Wrangu

As the Chief Executive Officer, I am responsible for the profitability, financial strategy, core organization goals, and everyday operations of the business. My typical day begins with a quick meeting with my assistants and staff members, followed by an endless parade of emails, calls, and meetings with clients, stakeholders, and associates. I am also scheduled … Read More


Damien Knight
Workever

The CEO’s position is Executive Director. More specifically, our functions and daily life may vary according to the company’s proposal, size, management model, and operational needs to keep it running. In general, the main responsibilities are: To structure and dispel a company’s vision, mission, and objectives; Lead the creation of the organizational culture and be … Read More


Tomas Satas
Windy City HomeBuyer

I’ve been in the real estate industry for over a decade and I’m the third generation of my family in the business. As you can imagine, I’ve worked in just about every aspect of real estate from paper-pusher to CEO. Nowadays, a typical day involves being out in the community, not so easy in these … Read More


Thomas Jepsen
Passion Plans

As the CEO, you really have to make sure that everything is running smoothly as well as making sure that you are delegating the things that you cannot be doing yourself so that more can be done but also to empower your employees. My typical day usually consists of 2 hours of meetings dedicated to … Read More


Jessica Alderson
So Syncd

My sister and I have co-founded a dating app called So Syncd that matches compatible Myers-Briggs personality types. As a co-founder of a tech company, my role is hugely varied. I wear a lot of different hats. I start every day with a call with our developers and my co-founder, Louella. We talk about what … Read More


Josh Wood
Bloc

As the CEO and founder of a marketing app operating in the tech/hospitality industry my days are certainly busy. We deal with over 100k users and 500 advertisers so every day is different. My typical day involves a lot of people management and analytical analysis. In essence, our app runs itself but we have to … Read More


Thejo Kote
Airbase

My role as CEO has changed dramatically since I first started the company. In the early days of my spend management company, Airbase, I was wearing many different hats and had a number of varied responsibilities. I was meeting with potential customers to understand the problems in the market and how we could solve them, … Read More



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.



Learn more about Chief Executives

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Chief Executives job description, Chief Executives salary, Chief Executives information, what is the job of a Chief Executive like, pros and cons about Chief Executives, colleges and universities for Chief Executives, is Chief Executives the right career for me, careers in Management

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