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Business Executives

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Career Overview

Executives are necessary for any industry because they guide the organization and its employees to meet all of its objectives. Executives are a very broad ranging job title that can range from a small ten person company to a huge corporation with thousands of employees. However, top executives are the central planners for a company and must choose the direction of the company and ensure that it is operating at the highest performance. Some of the main responsibilities of top executives include overseeing an organizations financial progress and budgetary activities and areas in the budget that need to be cut. They must also appoint or approve head for the separate departments in the organization. Top executives need to strategize and achieve their policy goals.

Salaries and Job Outlook*

2013 Median Annual Pay
Number of Jobs in 2013
Projected Growth Rate
National
$103,120
2,473,740
7.6 %

Education and Training

Degrees Required:
Bachelor's Degree Master of Business Administration

Although a bachelor's degree in not necessary many executives tend to have them. Also, with a bachelor's degree, many top executives often have a MBA for the management jobs. Executives may reach to their positions by moving up through the ranks of their own company, or they might be hired from an outside organization. Many executives have years of management experience to earn valuable skills that help them as executives. Executives can earn the title as a Certified Manager through the Institute of Certified Professional Managers by experience and passing three exams to add more authority and credibility.

 
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Valued Traits & Abilities

Communication Skills
Decision-Making Skills
Leadership Skills
Problem-Solving Skills
Time-Management Skills

Work Environment

86% of top executives held jobs general and operations managers, while 14% of them were chief executives. Executives typically work in office environments, many times large offices, and will many times have a staff working on various tasks for them. Executives might also need to travel a fairly decent amount to attend meetings, conferences and visit different work sites or offices. Executives can often be found in very stressful situations because they have a great deal of decisions to make.

* Source: BLS Data - 2013