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 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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Related career information

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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