Executive Managers are tasked with ensuring that companies stay on track and achieve financial goals and stockholder obligations. While the exact job of a person in an Executive Management position can vary from business to business, some of the most common activities tend to include creating a financial budget, communicating with heads of company departments, analyzing overall performance and implementing strategies to better meet goals. Many Executive Managers travel frequently to meet with suppliers or clients around the world, and long hours are typical for executive managers in most retail, financial and corporate fields.
Executive Management Education Requirements
While some Executive Managers earn their positions after decades of hard work and loyalty to a single company, most earn their positions thanks to formal education at the graduate level. A bachelor's degree may be a good place to start, but even better will be a Master of Business Administration degree. Other skills that will be helpful for executive managers include leadership ability, excellent communication skills and the ability to multitask.
Executive Management Job Market
Statistics show that over the next decade, there will be a 5 percent increase in demand for Executive Managers, just ahead of population growth. At the predicted growth rates for the United States, there will be approximately 8,780 job openings for Executive Managers each year, offering plenty of potential within the field. Similar careers with upward growth patterns include that of Executive Directors, Company Presidents and Chief Executives.
Executive Management Salary
In the United States, the median salary for an Executive Manager is $168,140, making it one of the highest-paying careers in the country. Unsurprisingly, total salary correlates almost perfectly to the size of the company and its annual profits, with Executive Managers making more the larger the business grows. Executive Managers working in larger cities, who boast doctoral degree or who work for financial firms also tend to earn slightly more than the median salary.