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
As President and CEOs transition into upper-level roles like Presidents and COOs, it's possible that they won't see a change in salary. Presidents and COOs earn the same amount as President and CEOs on average. President and CEOs most frequently become Presidents and Chief Executive Officers even though median compensation is $23K lower and $6K lower, respectively.
President and CEO Job Listings
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Popular Skills for President and CEO
President and CEOs report using a large range of skills on the job. 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, 15 percent, and 12 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.
President and CEOs with a lot of experience tend to enjoy higher earnings. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $102K per year. On average, President and CEOs make $172K following one to two decades on the job. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $207K.
Pay Difference by Location
Dallas is home to an above-average pay rate for President and CEOs, 47 percent higher than the national average. President and CEOs will also find cushy salaries in Los Angeles (+42 percent), Boston (+40 percent), San Francisco (+39 percent), and Chicago (+31 percent). President and CEOs in Phoenix make 32 percent less than the national average, proving that location is a major factor in pay. Below-median salaries also turn up in Minneapolis and Austin (9 percent lower and 7 percent lower, respectively).