President and CEO Salary
Job Description for President and CEO
Individuals serving simultaneously as presidents and chief executive officers (CEOs) run a company's high-level operations. They are in charge of all employees, make decisions that affect overall workflow, and make strategic decisions related to the company's goals and strategies. Presidents and CEOs are generally expected to increase/maintain profitability and serve as the company's public representative. They typically work in an office setting during regular business hours, although they may work overtime (for example, during the end of the fiscal year).Read More...
Presidents and CEOs typically need a master's degree and many years' experience in management and their particular field. They must also have excellent analytical and logic skills.
President and CEO Tasks
- Determine company policies and business strategies and provide overall direction of private sector organizations.
- Plan, direct, and coordinate operational activities at the highest level of management with the help of subordinate managers.
Common Career Paths for President and CEO
President and CEOs' salaries tend to stay somewhat constant even when they advance into higher-level positions like President and COO. On average, Presidents and COOs get paid about the same as President and CEOs do. A lot of President and CEOs advance their careers by becoming Presidents and Chief Executive Officers. However, those positions offer $19K less and $2K less per year on average.
President and CEO Job Listings
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Popular Skills for President and CEO
President and CEOs seem to require a rather large skill set. Most notably, facility with Strategic Planning, New Business Development, and Leadership are correlated to pay that is significantly above average, leading to increases of 24 percent, 20 percent, and 16 percent, respectively. Those listing Project Management as a skill should be prepared for drastically lower pay. Strategic Marketing and Fundraising also typically command lower compensation. Those educated in Operations Management tend to be well versed in Sales Management and Strategic Planning.
Pay by Experience Level for President and CEO
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience is an important factor influencing the compensation of President and CEOs. New workers enjoy hefty six-figure paychecks when they take on this position — $103K per year is the median for people who claim less than five years' experience. President and CEOs bring in $160K after working for 10 to 20 years. Old hands who claim more than two decades on the job enjoy average earnings of $206K.
Pay Difference by Location
For President and CEOs, busy Dallas offers a higher-than-average pay rate, 53 percent above the national average. President and CEOs will also find cushy salaries in Boston (+48 percent), Washington (+46 percent), Houston (+46 percent), and Los Angeles (+34 percent). Detroit ranks last in the field for pay, reporting salaries 11 percent below the national average.
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Key Stats for President and CEO
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