How to Become a Chief Executive Officer (CEO)
CEO Job Description
A CEO career typically involves a wide range of job duties that all work to help
an organization reach its goals. These professionals provide vision for the direction
of a company and create and oversee operations that are consistent with this vision.
Some of these professionals may work in specific areas of the company, like
human resources or finance. Job duties for CEOs may include:
an organization reach its goals. These professionals provide vision for the direction
of a company and create and oversee operations that are consistent with this vision.
Some of these professionals may work in specific areas of the company, like
human resources or finance. Job duties for CEOs may include:
CEO Qualifications & Employment Info
Degree Required Bachelor's degree Degree Field Business administration Experience Required 5 or more years of work experience Annual Mean Salary (2018)* $200,140 for all chief executives Estimated Job Growth (2016-2026)* -4% for all chief executives
Source: U.S. Bureau of Labor Statistics (BLS)
| Degree Required | Bachelor's degree |
| Degree Field | Business administration |
| Experience Required | 5 or more years of work experience |
| Annual Mean Salary (2018)* | $200,140 for all chief executives |
| Estimated Job Growth (2016-2026)* | -4% for all chief executives |
Source: U.S. Bureau of Labor Statistics (BLS)
Steps to Become a CEO
Chief executive officers, or CEOs, lead and oversee their organization.
CEO requirements include formal training and work experience,
as well as important skills in areas like time-management, communication,
problem-solving, and leadership. The steps to become a CEO are outlined below.
Chief executive officers, or CEOs, lead and oversee their organization.
CEO requirements include formal training and work experience,
as well as important skills in areas like time-management, communication,
problem-solving, and leadership. The steps to become a CEO are outlined below.
CEO requirements include formal training and work experience,
as well as important skills in areas like time-management, communication,
problem-solving, and leadership. The steps to become a CEO are outlined below.
Step 1: Meet Education Requirements
If you're wondering what degree you need to be a
CEO, chief executive officer education typically entails earning at least
a bachelor's degree. Usually this degree is in a field related to business
and leadership, such as business administration, management, or
public administration. Bachelor's degrees in business management usually take 4 years to complete,
but some accelerated programs are available.
Some CEOs also hold a master's degree, which again is usually in an area of business.
There are several different master's degrees in business available that allow students
to specialize in areas like accounting or business administration.
CEOs or aspiring CEOs may also pursue continuing education through additional courses
that discuss such topics as leadership, information technology management, and contract law.
A number of free online continuing education courses in business are available.
If you're wondering what degree you need to be a
CEO, chief executive officer education typically entails earning at least
a bachelor's degree. Usually this degree is in a field related to business
and leadership, such as business administration, management, or
public administration. Bachelor's degrees in business management usually take 4 years to complete,
but some accelerated programs are available.
CEO, chief executive officer education typically entails earning at least
a bachelor's degree. Usually this degree is in a field related to business
and leadership, such as business administration, management, or
public administration. Bachelor's degrees in business management usually take 4 years to complete,
but some accelerated programs are available.
Some CEOs also hold a master's degree, which again is usually in an area of business.
There are several different master's degrees in business available that allow students
to specialize in areas like accounting or business administration.
There are several different master's degrees in business available that allow students
to specialize in areas like accounting or business administration.
CEOs or aspiring CEOs may also pursue continuing education through additional courses
that discuss such topics as leadership, information technology management, and contract law.
A number of free online continuing education courses in business are available.
that discuss such topics as leadership, information technology management, and contract law.
A number of free online continuing education courses in business are available.
Step 2: Get Work Experience
Students wondering ''how long does it take to become a CEO?'' need to take into consideration
the required amount of work experience needed in addition to the time
it takes to earn a 4-year bachelor's degree and/or a 2-year master's degree.
Most CEO positions require 5 years or more of related work experience.
Chief executive officers need extensive managerial experience,
which professionals typically gain by working their way up through their organization
or in positions with other businesses. Some companies may provide training or
development programs within their organization that can also help prepare
professionals for advancement.
Students wondering ''how long does it take to become a CEO?'' need to take into consideration
the required amount of work experience needed in addition to the time
it takes to earn a 4-year bachelor's degree and/or a 2-year master's degree.
Most CEO positions require 5 years or more of related work experience.
the required amount of work experience needed in addition to the time
it takes to earn a 4-year bachelor's degree and/or a 2-year master's degree.
Most CEO positions require 5 years or more of related work experience.
Chief executive officers need extensive managerial experience,
which professionals typically gain by working their way up through their organization
or in positions with other businesses. Some companies may provide training or
development programs within their organization that can also help prepare
professionals for advancement.
which professionals typically gain by working their way up through their organization
or in positions with other businesses. Some companies may provide training or
development programs within their organization that can also help prepare
professionals for advancement.
Step 3: Earn Certification
Although it is not usually required, some CEOs need to hold professional certification
in a particular area of management, depending on their job duties and their organization's
requirements. Aspiring CEOs might also earn credentials to help them move up through
the ranks. Some professional certifications for CEOs could include:
Although it is not usually required, some CEOs need to hold professional certification
in a particular area of management, depending on their job duties and their organization's
requirements. Aspiring CEOs might also earn credentials to help them move up through
the ranks. Some professional certifications for CEOs could include:
in a particular area of management, depending on their job duties and their organization's
requirements. Aspiring CEOs might also earn credentials to help them move up through
the ranks. Some professional certifications for CEOs could include:
CEO Salary Info
According to the BLS, in 2018 the average annual salary for a chief executive was
$200,140. The highest paying industry for CEOs in this year was other investment
pools and funds, where chief executives made an average salary of $284,480.
However, local governments, excluding schools and hospitals, employed the
most chief executives, with about 17,200 positions in 2018. Professionals in
this industry earned an annual salary of $120,130.
According to the BLS, in 2018 the average annual salary for a chief executive was
$200,140. The highest paying industry for CEOs in this year was other investment
pools and funds, where chief executives made an average salary of $284,480.
However, local governments, excluding schools and hospitals, employed the
most chief executives, with about 17,200 positions in 2018. Professionals in
this industry earned an annual salary of $120,130.
$200,140. The highest paying industry for CEOs in this year was other investment
pools and funds, where chief executives made an average salary of $284,480.
However, local governments, excluding schools and hospitals, employed the
most chief executives, with about 17,200 positions in 2018. Professionals in
this industry earned an annual salary of $120,130.
Example of Hiring Chief Executive Officer
Courtesy from AKU
Entity
Aga Khan University Hospital
Location
Karachi,
Pakistan
Introduction
Aga Khan
University, chartered in 1983 as Pakistan's first private international
university, is committed to the provision of education, research and health care of
international standard relevant to Pakistan and the region.
The affiliated Aga Khan University Hospital has well-equipped investigative
services and provides state-of-the-art clinical facilities.
university, is committed to the provision of education, research and health care of
international standard relevant to Pakistan and the region.
The affiliated Aga Khan University Hospital has well-equipped investigative
services and provides state-of-the-art clinical facilities.
The Aga Khan
University Hospital (AKUH), over the past three decades,
has been a leader in delivering quality healthcare in the region, and has adapted
to the rapidly changing and challenging healthcare needs of the people we serve.
We are committed to delivering patient-centered care, at par with the best hospitals around the world.
has been a leader in delivering quality healthcare in the region, and has adapted
to the rapidly changing and challenging healthcare needs of the people we serve.
We are committed to delivering patient-centered care, at par with the best hospitals around the world.
Responsibilities
The Chief
Executive Officer is responsible for the leadership and management
of Aga Khan University Hospital, Pakistan in a manner that achieves
the vision, mission, principles and values established by the organization
and meet the needs of a growing Academic Medical Centre, and patients,
residents, students, faculty and staff who are the key stakeholders.
of Aga Khan University Hospital, Pakistan in a manner that achieves
the vision, mission, principles and values established by the organization
and meet the needs of a growing Academic Medical Centre, and patients,
residents, students, faculty and staff who are the key stakeholders.
Specific Responsibilities:
Functions as
a key member of Aga Khan University's leadership team
which has collective responsibility for achieving the Mission and Goals
established in the University’s Strategic Plan
which has collective responsibility for achieving the Mission and Goals
established in the University’s Strategic Plan
Formulates
an annual operating plan and budget based on the identified
objectives and strategies, presents the same to the University’s leadership
team, and ensures it is approved by the Executive for onward presentation
to the Board of Trustees for approval
objectives and strategies, presents the same to the University’s leadership
team, and ensures it is approved by the Executive for onward presentation
to the Board of Trustees for approval
Successfully
implements the annual operating plan
Reviews and
reports regularly on the overall progress and results against
operating and financial objectives. In doing so, initiates courses of action for improvement
operating and financial objectives. In doing so, initiates courses of action for improvement
Develops and
maintains an effective organizational structure that prescribes
the authority, responsibility, and accountability of staff as they relate to
the accomplishment of specific objectives and priorities to meet the health
and health services needs of the patients
the authority, responsibility, and accountability of staff as they relate to
the accomplishment of specific objectives and priorities to meet the health
and health services needs of the patients
Provides
leadership that is inspiring and engaging; that is collaborative,
consensus building and motivating; that attracts, supports and develops
top talent; that promotes integrated service delivery and inter-professional
practice; and that encourages a culture of quality, safety, teamwork and accountability
consensus building and motivating; that attracts, supports and develops
top talent; that promotes integrated service delivery and inter-professional
practice; and that encourages a culture of quality, safety, teamwork and accountability
Develops and
manages effective, collaborative relationships with
the Hospital’s numerous stakeholders, both internal and external,
to meet clinical and operational objectives, influence system change
and share knowledge in order to enhance patient care and service delivery
the Hospital’s numerous stakeholders, both internal and external,
to meet clinical and operational objectives, influence system change
and share knowledge in order to enhance patient care and service delivery
Identifies
the principal risks of the Hospital’s business and implements
appropriate systems to manage these risks
appropriate systems to manage these risks
Keeps
abreast of trends in health care development and management and
recommends new and innovative approaches to enhance the delivery of
health care services and achieve organizational goals
recommends new and innovative approaches to enhance the delivery of
health care services and achieve organizational goals
Establishes
and fosters effective relationships and collaborations across the
Hospital.
Encourages
an interactive and consultative environment between academic
units and clinical departments
units and clinical departments
Promotes a
culture of multi- and interdisciplinary education and research
in AKU, Pakistan and Afghanistan
in AKU, Pakistan and Afghanistan
Establishes
a strong presence in the community, enhancing the organization’s
profile and positive image as well as working to improve the community’s health status
profile and positive image as well as working to improve the community’s health status
Contributes
toward developing productive linkages and collaborations with
distinguished hospitals and institutes in countries around the globe
distinguished hospitals and institutes in countries around the globe
Liaises with
Aga Khan Development Network (AKDN) agencies, governments,
non-governmental organizations, donor agencies, professional bodies
and universities; identifying partners and developing linkages for collaborative efforts.
non-governmental organizations, donor agencies, professional bodies
and universities; identifying partners and developing linkages for collaborative efforts.
Requirements
Educational Qualifications:
A Master’s degree
or equivalent, preferably in health care administration or business management.
Relevant
Experience:
A minimum of
15 years’ experience of progressive responsibility in a major
health care institution, preferably a teaching hospital
health care institution, preferably a teaching hospital
Familiarity
and experience in health care quality management and maintaining
a patient focused service in a continual learning environment
a patient focused service in a continual learning environment
International
experience, including in developing economies is preferred.
Personal Characteristics & Behaviours:
- Exemplary leadership abilities to lead, coach and mentor individuals
- and develop high performing teams
- A strategic thinker who is a motivator of faculty and staff
- Team player who is good in consensus-building from diverse constituent groups
- Openness to new ideas, flexible and innovative
- Results and systems oriented
- Excellent interpersonal and communications skills, both verbal and written
- Ability to plan and execute mandate according to the strategic
- vision, mission and values of the institution
- Demonstrated financial acumen with ability to manage costs and revenues
- Demonstrated skills in planning, project management and problem solving
- Commitment to continued professional development and learning for self and team
- Subscribes to philosophy of Continuous Improvement
- Good balance of conceptual and implementation abilities.
To Apply
The
University has engaged an international search firm, Cielo for the recruitment
of this role. Interested candidates should submit a detailed CV, accompanied by
a covering letter along with a 1-2 page personal vision statement and outline for
the role to daniel.frost@cielotalent.com
of this role. Interested candidates should submit a detailed CV, accompanied by
a covering letter along with a 1-2 page personal vision statement and outline for
the role to daniel.frost@cielotalent.com
Only
shortlisted candidates will be contacted.
Applications
will be considered, at the university’s discretion, until the position is
filled.