What It Takes to Join the Ranks of Top Business Executives
In any business, the people at the top are the ones who define a company, from its product line to its management style. But business executives are a rare breed, and not just anyone can make it to the top. If you have your eye on the top rung of the corporate latter, it’s a good idea to understand what types of business executive positions there are, and what the requirements are.
First, let’s look at the different kinds of executive positions you can pursue. While the organizational breakdown can vary from one business to another, depending on its size, location and type, typically the top echelons consist of these executive positions:
• Chief Executive Officer
• Chief Operating Officer
• Chief Financial Officer
• Corporate controller
• Vice President of Research and development
• Vice President of Human Resources
Often, there are also other vice presidents that oversee various aspects of the business.
Second, consider the requirements and background executives need. According to the U.S. Bureau of Labor Statistics (www.bls.gov), educational requirements for an upper-level business executive generally include a liberal arts degree or master’s degree in business administration. Coursework could include economic, management organization, leadership and accounting. Upper business managers may also benefit from courses in business law, executive -level marketing, and management theory. Specific fields will require additional training. For instance, business executives in finance or securities will have an educational background in those areas.
A career as a business executive can be a lucrative and highly rewarding one. Honing your skills as a manager, by tapping into the vast resources available to aspiring executives, as well as dedication and hard work, will get you there.
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