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Executive Job Overview and Description
Executives are the top-level employees for an organization and are responsible for planning an organization’s long-term and short-term goals and promoting organizational growth. The type of executive position a person has will dictate what area of the company that they will oversee and lead. The roles will also vary depending on the organization. Executive jobs are some of the most financially rewarding but also some of the most stressful positions as your actions effect the company. Job growth for the executive career are expected to decline 1% from 2014-2024.
What is an Executive?
An executive is a top-level employee of an organization. They are responsible for creating and reviewing the goals of an organization and make sure that the departments and lower-managers that they oversee are meeting company goals. Along with this, another responsibility of an executive is to establish relationships with people outside the organization who may be customers or contributors. They may be involved in activities outside the company, such as community groups, that promote the company and its leader. Executives will also oversee and analyze budgets to gauge the company’s performance and make suggestions to cut expenses.
Executive job overview?
The daily responsibilities of an executive will vary depending on several factors: The company or organization’s mission, product, and goals and the position of the executive within the organization’s hierarchy. Executives may spend most of their time attending meetings and reviewing company activities, budgets, and goals. Executive activities outside of an organization may include serving on the boards of community groups or attend and speak at conferences.
What are the different types of Executive jobs?
- President or Chief Executive Officer (CEO). This is the executive in charge of running the entire company and is usually the owner of the company. Acts as the face of the organization and sets the company’s long-term goals and objectives.
- Chief Operating Officer (COO). Hands on administrator who works closely with the departments to keep the company profitable. Approves and audits departmental budgets and operational plans. Evaluates and makes suggestions for better performance.
- Chief Financial Advisor. Manages company’s fiscal operations. Sets prices, analyzes prices and profit margins. Manages bookkeeping and accounting staff.
- Executive Director. Serves a board of directors of a non-profit organization. Acts very much like a CEO, however they must seek approval from the board for large projects.
- Executive Assistant. Handles administrative operations specifically for top executives.
What type of education do you need?
Applicants interested in applying to executive positions at an existing company require a bachelor’s in business administration (BBA) and a Master’s in Business Administration (MBA). Some of the studies a Business major may be taking include accounting, macroeconomics, information systems, business math and microeconomics. Some graduate two-year programs allow students to follow specialized business tracks. Some of these degree specializations include finance, marketing, entrepreneurship and management information systems.
What is a typical Executive salary?
As of May 2015, the BLS states that the average chief executive salary is $185,850.
What are Executive job requirements?
Executives must possess excellent communication, public speaking skills, a strong understanding of corporate governance principles and managerial best practices. They should possess an analytical mind for “out-of-the-box” thinking for problem-solving, experience in developing strategies and plans and ability to apply successful fundraising and network techniques. Executives should also possess outstanding leadership skills and strong understanding of corporate finance.
Where can you find an Executive job listing?
You can search for an executive job listing through websites like CareerBuilder, Monster, Indeed, SimplyHired, and JobsInEachState.com. Networking is an important aspect of being an executive and who you know can help you greatly in landing an executive job. Establishing professional relationships during your time attending college or meeting up with other executives is not only essential for finding executive positions in their field, but also a benefit throughout their careers.