While there are many types of executive level jobs, all of them come with considerable amounts of responsibility. A CEO (chief executive officer) is ultimately responsible for everything that happens at his or her company. A CFO (chief financial officer) is responsible for keeping records, financial planning, and lowering financial risk. These and other executive officers often work together to direct the company's path.
Executive Level Job Education Requirements
Most companies trying to fill executive level jobs will only hire people with graduate degrees in business, accounting, or related fields. Some may even concentrate on candidates who hold PhDs.
Experience can also play a significant role in who gets executive level jobs. Most people working at the executive level have several years of business experience. They may start their careers as customer service managers or department managers. After displaying exceptional skill, they may qualify for executive positions that put them in charge of entire organizations.
Executive Level Job Market
The job market for top executives has not changed much in recent years. The job market is expected to grow by about 11 percent between 2012 and 2022. This is an average rate of growth that is on par with other positions.
Executive Level Job Salary Information
Salaries for executive level positions can vary greatly by job title and company. According to the U.S. Bureau of Labor Statistics, the median annual wage for CEO positions was $173,320 in May 2014. CFOs, however, earned closer to $115,000 during the same period.
The pay for executive level jobs can also vary by location. The annual mean wage for executives in Connecticut is $216,990. That is the highest in the country. Other states with high median wages include North Carolina ($212,030), Rhode Island ($207,910), New York ($205,560), and Nebraska ($203,740).