What does a Executive do?
|Citation||Retrieved in 2017 from BLS.org|
An executive directs, plans, and coordinates operational activities for their organization or company and are normally responsible for devising policies and strategies to meet company goals. Executives often travel to attend meetings and conferences and visit regional, local, national, or international offices.
How to Become an Executive
Many executives have at least a bachelor’s degree in business management or a related field along with five or more years experience. However, depending on the industry and position, education and training requirements vary widely.
Executives in large corporations often hold 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
An executive finds ways to cut costs and improve policies, programs, and performance. They analyze sales reports, financial statements, and oversee the general activities that make up the mission of the company.
Executives are responsible for the company’s budgetary and financial activities and 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 leads. For instance, a large organization would expect their executive to focus more on strategic planning and formulating policies, while a smaller company’s executive could be focused on hiring, training, purchasing, and other supervisory responsibilities.
This occupation has strong competition for employment because of the high wage and prestige associated with it.