You may already be familiar with executive positions, as they tend to earn higher salaries and have more responsibilities. However what you might not realize is how many different executive positions are offered at companies. To be an executive, you will need significant work experience in the industry where you want this type of position, with advanced schooling. Most executives will have a master’s degree in business or similar, but some are able to get this job with a bachelor’s degree and many years of work experience. Executives work closely with the board of directors as well as managers and supervisors of their organization.
Chief Operating Officer
One type of executive is a chief operating officer (COO) who supervises the daily activities of a company. A COO is going to be sure the business is running successfully and that everything is going smoothly with employees, profit margins, and the future of the business. All business operations will be closely overseen by the COO. The COO also works closely with other executives including the chief executive officer and the chief financial officer. To be a COO you will need extensive education and work experience and will earn a high salary.
Chief Executive Officer
A chief executive officer (CEO) is a top executive at any company who is directly in charge of the firm’s financial operations, growth, and the goals of the business. They will also handle public relations on behalf of the company. There is a lot of responsibility and long hours that goes into being a CEO of a company as you will also be overseeing managers and supervisors of the company, along with reporting to the board of directors. It is your job to steer the business toward where it wants to go, such as approving budgets, creating new policies, and helping with the organization and objectives of the company’s future
Chief Financial Officer
Another executive for companies is a chief financial officer (CFO) The CFO is going to manage all of the financial matters of any company. While the COO and CEO handle some budgets and financial aspects, the CFO has last word on these types of things. This includes the accounting department answering to the CFO, budgets, company finances, taxes, and especially budgets for different company departments like development, marketing, product research, benefits and pay for employees, and more. To be a CFO, you should have an advanced degree in business, management and finance.
If you want to work with a company’s executive team, you can also be an executive secretary. This is an administrative position working with the company’s executives, helping maintain and manage their offices, answer phones, attend meetings, and do basic office tasks as well.