As leaders in their companies, Chief Executives are charged with developing policies and strategies to help an organization to achieve its goals. The individual in this position should be comfortable in a leadership role, and good communication skills are a priority. Additionally, the candidate for such a position needs to be attentive to details, possessing the ability to evaluate and assimilate information in order to make appropriate decisions. Time-management and problem-solving skills play an important part in such a career. Interaction with employees, other Executives and Administrative Executive Assistant is important as this individual delegates responsibilities. Specialized knowledge and training may be important based on the field in which a chief executive is employed.
Chief Executive Education Requirements
In many cases, a chief executive is expected to possess at least a bachelor's degree. This may be earned in a business field, such as business administration. However, executives in specialized fields like engineering or medicine may be expected to possess an advanced degree in the given discipline. Additionally, relevant career experience may be required of those seeking employment in executive positions. In some cases, advancement within a company may be necessary to ensure that a top officer is familiar with the organization's mission and values. Some fields may also require possession of a relevant industry license or certification.
Chief Executive Job Market
The projected employment growth from 2012 to 2022 in top executive positions is expected to be 11 percent, a rate that is considered average in comparison with other fields and positions. The growth rate for chief executives is expected to be 5 percent. This may vary dramatically on an industry-by-industry basis. Increases in available positions may be connected to the expansion of existing companies along with the development of new ones. Competition for leadership positions is projected to be heavy due to higher pay, benefits and prestige associated with these jobs.
Chief Executive Salary
Chief executive earnings are the highest of top executives, and the average annual income for this type of employment is $168,140. Those earning at top levels exceeded $187,200, and those earning in the lowest 10 percent averaged less than $76,220. While chief executive positions are some of the highest paying opportunities, factors affecting income can include industry, experience and longevity with a company.