Just about every industry and businesses big and small need executives. Executive careers are for those who enjoy leadership positions. Some examples of executive jobs in different fields include general managers, university presidents, mayors and governors. Executives develop policies and plan to help their businesses and companies meet goals by overseeing the general business, budget and finances, analyzing sales and performance and delegating responsibility to managers and department heads.
Because there are a number of different types of executive careers, the education you'll need may depend on which industry you're interested in. In general, though, most executive careers require a minimum of a bachelor's degree in business administration or in an industry-related area. Experience on the job or in the field you're interested in working in is useful for advancing up the corporate ladder to an executive position. The Bureau of Labor Statistics (BLS) advises that you might also look into obtaining a Certified Manager credential through the Institute of Certified Professional Managers.
Executive Job Market
The outlook for executive careers is about average in comparison with all other occupations. Growth for executive jobs depends on the expansion of existing companies and new organizations forming. The BLS reports that in 2012 there were 2,303,200 executive jobs in the U.S. and, based upon a projected 11 per cent growth rate, that number is expected to increase to 564,700 executive positions by 2022.
There is a lot of responsibility riding on executives' shoulders, so it's nice that you can expect to get compensated accordingly if you opt for a future in executive careers. The average annual salary is $168,140. The BLS also reveals that corporate executives may get bonuses and stock options in addition to their salaries and may even see other benefits such as access to company-owned vehicles and aircraft and the use of company-paid expense accounts.