If you have a desire to lead, take charge and offer direction, a chief executive officer (CEO) is the highest level of management you can achieve in your career. Chief executive officers must have an advanced knowledge of business and management principals to conduct strategic planning, resource allocation and leadership techniques. Competition is keen and preference is given to candidates with MBAs.
The right combination of skills, education and experience can lead to becoming a top-level executive. CEOs determine policies and provide overall direction of companies or private and public sector organizations guided by a board of directors or similar governing body.
CEOs regularly perform the following:
- Direct an organization’s financial or budget activities to fund operations, maximize investments, or increase efficiency
- Appoint department managers and assign or delegate responsibilities
- Analyze operations to evaluate performance of a company or its staff in meeting objectives or to determine areas of potential cost reduction, program improvement, or policy change
CEOs with Masters of Business Administration degrees can expect to earn approximately $173,320 annually. In addition to a base salary, CEOs often earn performance bonuses and other benefits, and are given expense budgets for expenses and company vehicles.
CEOs have a lot of freedom to make decisions in an unstructured work environment but do conduct face-to-face discussions every day most often in office settings. Travel is often required.
Enrolling in ourMaster of Business Administration degree program can give you the edge and respected credentials to pursue the title of CEO in as few as 18 months.