The knowledge, skills, and job duties that these executives have differ, depending on which department they oversee. There may be other types of chief executives-such as chief operating officers (COOs), chief financial officers (CFOs), or chief human resources officers-who manage a specific part of the organization. They collaborate with and direct the work of other top executives and typically report to a board of directors.
CEOs manage company operations, formulate and implement policies, and ensure that goals are met. The following are examples of types of top executives:Ĭhief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. In large organizations, chief executives typically focus on formulating policies and planning strategies, while general and operations managers direct day-to-day operations. In small organizations, such as an independent retail store, an owner or manager often is responsible for hiring, training, quality control, and day-to-day supervisory duties. The responsibilities of top executives largely depend on an organization’s size.
Negotiate or approve contracts and agreements.Consult with other executives, staff, and board members about general operations.Manage general activities related to making products and providing services.Direct and oversee an organization’s financial and budgetary activities.Establish and carry out departmental or organizational goals, policies, and procedures.Top executives typically do the following: They coordinate and direct work activities of companies and organizations. Top executives plan strategies and policies to ensure that an organization meets its goals. Top executives often report to a board of directors. Learn more about top executives by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations. More Information, Including Links to O*NET Similar OccupationsĬompare the job duties, education, job growth, and pay of top executives with similar occupations. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.Įxplore resources for employment and wages by state and area for top executives. Overall employment of top executives is projected to grow 8 percent from 2020 to 2030, about as fast as the average for all occupations.Ībout 247,100 openings for top executives are projected each year, on average, over the decade. The median annual wage for general and operations managers was $97,970 in May 2021. The median annual wage for chief executives was $179,520 in May 2021. Top executives typically need at least a bachelor’s degree and considerable work experience to enter the occupation. Travel is common, particularly for chief executives. They often have irregular schedules, which may include working evenings and weekends. Top executives work in nearly every industry, for both small and large organizations. Top executives plan strategies and policies to ensure that an organization meets its goals.
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