Information about becoming a Top Executive?

Answer 1

For anyone in the business world, the best position that someone could possibly attain is being a top executive. The term top executive is relatively broad, and can encompass a variety of positions. In general, a top executive is a person who oversees either an entire business or a large part of that business. For large corporations, common titles for the top executives is chief executive officer, chief operating officer, chief financial officer, or executive president.

Beyond a high level of job satisfaction and personal responsibility, one of the main reasons why someone would strive to be a top executive is compensation. Top executives are commonly the most well paid people in an organization and among the most wealthy people in the world. Depending on the position and company, compensation for a top executive can range significantly. For a small startup company, compensation may be nominal if the company doesn’t turn a profit. However, a top executive for a major corporation could earn well over a million dollars per year. Generally, for an established company, starting compensation for a top executive is also quite high.

While being a top executive can be a great job, actually obtaining that position could be quite difficult. There are various ways to become a top executive. If you start your own business, you could become a top executive by giving yourself a title. Becoming a top executive for an established corporation will be more difficult. In many situations, top executives are hired from within the company. Because of this, many top executive have 20+ years of experience within one company while handling a wide variety of responsibilities. People with this level of experience are in demand for these position because they have in depth knowledge of how their business works.

Education required to become a top executive also varies significantly. While there is no educational requirement to become an executive, generally the more education you have, the better off you will be. Most top executives at top corporations have high levels of education which include masters or doctorates in business administration.