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Career and Education Requirements for Business Executives

Higher Education Articles September 23, 2015

Business executives are the ones that create an effective plan for the firm’s future through setting up goals and carrying out initiatives. Instances of titles for upper business management comprise of chief financial officer, chief operating officer and the chief executive officer.

According to the U.S. Bureau of Labor Statistics not all business executives obtained bachelor’s degrees; however, getting in upper management may be a lot easier for individuals who have completed at least the minimum of a bachelor’s degree program.

It matters to consider that valuable experience in the industry is strictly required prior to obtaining an executive position. Needless to say, most companies prefer young employees to work inside the firm so that they can acquire significant knowledge while climbing the corporate ladder. While it is true that professional certification isn’t really required in this field, still, this may greatly help employees get faster promotion.

What are advanced degrees for business executives?

To accelerate the process of getting in the upper management, you may consider enlisting in an advanced degree program such as Master of Science in Finance or Master of Business Administration programs. Such programs usually last about one to two years. At this period, students work on group or individual assigned tasks varying from brand and marketing management to strategy and finance. Several programs also require students to partake in presentations to enhance valuable skills like leadership and speaking.

Industry-Specific Education for Business Executives

There are some employers within specific firms such as telecommunications and construction who might have organized management or trainee programs for newly-hired workers. Essentially, such programs assist new graduates to be acquainted with all the aspects of business.

Likewise, students who prefer to work in engineering or construction industries may think about taking supplemental classes in those areas. For instance, those who prefer to become chief financial officers for construction movement companies may significantly improve their employment as well as advancement opportunities through taking courses in bidding, contract negotiation and sourcing.

Additional Salary and Career Information

The U.S. Bureau of Labor Statistics anticipates a total of 11% employment expansion for top executives during the year 2012 up to 2022. What is more, these figures indicate top executives in all industries. This simply conveys that the rate of expansion or decline for top executive positions in individual firms might greatly differ.

On the other hand, information from the U.S. Bureau of Labor Statistics revealed that during the year 2013, chief executives receive average yearly salaries of $178,400. And, according to their records from the same year, a few of the companies that paid their top executives the most superior average yearly salaries included tobacco manufacturing industries(which is a total of $228,900), broadcasting industries (which is a total of $228,710), leather manufacturing industries as well as allied product manufacturing companies (which is a total of $235,220).

As you can see, business executives require a substantial amount of job experience and formal education. This is the reason why it is especially essential to learn and understand more about the job duties, training and other valuable requirements to see if this is the ideal career for you.

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Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
  • Online Courses
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
5 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

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