Chief executives play a crucial role in the function of a business, and although there is not expected to be a great increase in demand for these jobs (as noted in the figures above from the Bureau of Labor Statistics [BLS]), the position itself is necessary for every business and will continue to exist in the market as long as businesses are in operation. Among the top executives, the chief executive (also known as chief executive officer or CEO) is primarily responsible for the overall direction of the company. All top executives devise strategies and policies ensuring the goals of an organization are met. This involves planning, directing, and coordination of the operational activities. Additional responsibilities are as follows:
- Set and execute department or organization goals, procedures, and policies
- Collaborate with other executives, board members, and staff about general operations
- Provide analysis of sales reports, financial statements, and other performance indicators
- Evaluate and identify areas to cut costs, improve performance, policies, and programs within the company
Chief executives (CEOs) are primarily involved in the direction of a company but perform a variety of other important tasks essential to the general operations of the organization. With the collaboration of other top executives, this includes managing company operations, formulating policies, and ensuring goals are met. Experienced CEOs are crucial to the overall success of a company and as long as businesses continue to grow and expand, this chief executive jobs will always be available.
Job Growth for
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Becoming a Chief Executive
To start a chief executive career, candidates will need to have sufficient education background and professional experience. Additional factors will improve a candidate's chances of securing a chief executive position, but they aren't typically requirements for most chief executive jobs. In terms of education, chief executives must have at least a bachelor's degree and preferably a master's. Majors that provide the best preparation for chief executive positions are business administration, public administration, liberal arts, and law.
Degrees in these subjects address many of the fundamental elements they will deal with as chief executives, such as business management, communication, and human resources. Chief executive jobs require a vast amount of managerial ability, so even if the major isn't necessarily related to the subject, courses in management should be incorporated to the degree program. Additionally, it can be helpful to take courses pertaining specifically towards the industry a chief executive will be working in:
- Business Administration
- Business Management
- Public Administration
In addition to the education requirements, candidates seeking chief executives careers can further increase the likelihood of being hired by gaining experience in the field. Since managerial experience is so crucial to the position of chief executive, entry-level jobs that lead to management can be a good starting place. With additional experience candidates can be promoted to higher levels of management, eventually leading to the possibility of advancing into a chief executive position, or at least providing enough experience to make the candidate eligible to apply for a CEO job. To further bolster the resume, potential chief executives can choose to pursue Certified Manager (CM) certification from the Institute of Certified Professional Managers.