What does an Executive do?
Top executives direct, plan, and coordinate operational activities for their organization or company and are normally responsible for devising policies and strategies that keeps the company meeting its goals. Executives often travel to attend meetings and conferences and visit their organization’s regional, local, national, or international offices.
How to Become an Executive
Most top executives have a minimum of a bachelor’s degree in business management or a related field, along with 5 or more years experience. However, depending on the industry and position, education and training requirements may vary widely. For instance, a top executive in a public sector usually holds degrees in business administration, public administration, liberal arts or law.
Top executives in large corporations would often need a master’s degree in business administration (MBA). In the case of a college president or school superintendent a master’s degree is required, but a doctorate degree is preferred.
Job Description of an Executive
A top executive would have the responsibility of various duties that would include finding ways to cut costs and improve on policies, programs, and performance. They would analyze sales reports and their financial statements and oversee general activities that are related to providing services and making products.
Executives manage and direct the company’s budgetary and financial activities. A top executive would be involved with approving and/or negotiating contracts or agreements. They hire other managers or heads of departments. Many of their duties also depend on the size of the company that he or she works for. For instance, a large organization would expect their top executive to focus more on strategic planning and formulating policies, while a smaller company would be focused on hiring, training, purchasing, and other supervisory responsibilities.
A top executive would be expected to have leadership and management skills, as well as communication skills, problem-solving, decision-making, and time-management skills.
This occupation has strong competition for employment because of the high wage and prestige associated with it.