Business Management and Operations
Chief Executive Officer
Career Area: Business Management and Operations
Occupation Group: General Managers
Salary
Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.
An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.
A typical Chief Executive Officer earns the following wages (national and state):
State
The average salary in North Carolina for those pursuing this career is $108,593
National
The average salary in the United States for those pursuing this career is $114,610
What Does a Professional in this Career Do?
Provides overall direction for companies and private and public sector organizations. Develops and defines company policies. Plans and directs operational activities, with the help of management executives and staff managers.
Employment Trends
The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.
Job demand and job growth is expected at the following rates:
| Location | Growth | |
|---|---|---|
| North Carolina | 451 | -1.2% |
| Nationwide | 15839 | -3.9% |
Skills
A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:
Baseline Skills
The following are baseline skills every Chief Executive Officer is expected to have in order to experience success in this field:
- Communication Skills: The ability to convey information to another effectively and efficiently.
- Planning: Working experience with the process of thinking about and organizing the activities required to achieve desired goals.
- Teamwork / Collaboration: Experience working in collaborative efforts with a team to achieve a common goal or to complete a task in the most effective and efficient way.
- Research: Experience performing creative and systematic work to understand a product, market, or customer, either before building a new solution, or to troubleshoot an existing issue
- Problem Solving: Problem solving consists of using generic or ad hoc methods, in an orderly manner, for finding solutions to problems.
Specialized Skills
These skills are specific to working in this career:
- Budgeting: Experience planning how the financial resources of a business or department are to be allocated during the next business period.
- Strategic Planning: Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.
- Project Management: Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.
- Staff Management: Working experience with the management of subordinates in an organization.
- Business Administration: Business administration is management of a business.
Distinguishing Skills
Any Chief Executive Officer that possesses the following skills will stand out against the competition:
- Financial Management: Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization.
- Fundraising: Fundraising or fund raising (also known as development) is the process of gathering voluntary contributions of money or other resources, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies (see also crowd funding).
- Program Development: program development - Computer Definition. May refer to the coding of an individual software program or to the creation on an entire information system and all relatedsoftware.
Education
This career typically requires the following level of education. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list education requirements.
.| Education Level | % |
| Bachelor's Degree | 30% |
| Master's Degree | 54% |
| Doctoral Degree | 3% |
Experience
This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.
| Experience Required | % |
| 0 to 2 years | 16% |
| 3 to 5 years | 36% |
| 6 to 8 years | 16% |
Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.
Students who do not have the expected level of experience may wish to look into internship and employment opportunities.
Common Job Titles
It is possible to find work in this field in positions commonly listed as the following job titles:
- Chief Executive Officer
- Chief Operating Officer
- Personalized Internet Assessor - United States
- Executive Assistant To Chief Executive Officer
- Chief Operating Officer Coo
Similar Occupations
If you are interested in exploring similar occupations, you may want to research the following job titles:
The wage and employment trend information shown here represents historical data and does not guarantee future conditions. Data is downloaded regularly from Burning Glass Technologies. For more information about how they gather data and what it represents, see Burning Glass Technologies - Frequently Asked Questions.