A Career as a Business Executive
Career Goal - Business Executive
A business executive is in charge of overseeing the entire business or organization. The business executive, also known as the CEO, does numerous amounts of tasks through their day such as creating and reviewing goals for the company, working close with a team of upper level staff or assistants to achieve these goals and also meet with managers of all departments.
As the CEO you would also receive progress reports from departments and they over see budgets. They use budgets to analyze how well the business is running and they also negotiate contracts with outside agencies.
Career Skills and Interests
As a business executive, you need to have a variety of skills that include communication, reasoning and problem solving skills, the ability to use math and science, to manage oneself, people, time, and things, you need to be able to work with people and things alike, and you need to be able to perceive and visualize.
A CEO needs to be able to communicate because they need to understand spoken information, express ideas clearly when they are speaking, speak so that listeners understand the information and they need to be able to listen to others and ask questions. They need to be able to solve problems and judge the costs and benefits of a possible solution for that problem. They also need to be able to analyze ideas and use logic to determine their strengths and weaknesses, recognize the nature of a problem, and recognize when important changes happen or are likely to happen.
A very important skill for a business executive to have is to motivate, develop and direct people as they work as well as check how well one is learning or doing something.
Business executives should have enterprising interests and like work activities that involve starting up and carrying out projects.
Career Working Conditions
Business executives have a high level of contact and interaction with staff and the public. You often work indoors unless they are meeting with clients or attending outdoor events.
As a business executive you need to communicate a lot, this happens a lot through phone calls, e-mail, letters, memos, and in person on a daily basis. You also usually work long hours and regularly you are a part of a team. On the occasion you also speak in front of large groups of people.
Wages and Outlook
The Minnesota outlook on this career is higher than average and so is the United States outlook for this career. In the United states there are 2,303,200 business executives and the field is growing by 11%.
The Minnesota average yearly wage is $160,750 per year.
The United States average yearly wage is $101,650 per year.
Career Related Occupations
These occupations have similar work duties, require some of the same skills and are in the same career cluster.
- Purchasing manager
- Public Relations Manager
- Producers and Directors
- Financial Managers
- Advertising Managers
Program of Study - Business Management and Administration
As a business management and administration major, you would learn about the fundamentals of business that include:
- Management Theory
- Organizational Psychology
This program also includes concentrations that are on:
- Customer Service Management
- Human Resources
- Marketing and Operations
- Research and Development Management
To be admitted in this program, it would be helpful if you have taken economics, English composition, intro to business, psychology, and public speaking. You also need to have taken four years of English, three years of math, three years of social studies, two years of science, and two years of a second language.
Undergraduate programs typically include courses in the following subjects:
- Business Law
- Business Writing
- Calculus for Business
- Human Resource Management
- Intro to Accounting
- Principles of Microeconomics
- Statistics for Business
- Organizational Behavior
- General Business
- Human Resources Management
- Entrepreneurial and Small Business Operations
University of North Carolina
Located in Chapel Hill, North Carolina and has 18,370 undergraduate students
- January 10 applications are due
- 18-23 ACT
- 3.67 GPA
- Top half of class
In state tuition $6,423, out of state $28,205
Room and Board $10,008
- FAFSA and CSS financial aid profile due March 1
- 100% need is met
- Dorms are available
- 53% live on campus
- First year housing guaranteed
I interviewed Kathy Findley who is the General Manager of McDonald's which is a franchise/Owner Operator. I liked the workplace because it was fast paced and energetic while still being incredibly organized. I learned a lot in the interview, including PAC's are and how much a general manager actually does and how many different traits they need to have, like being assertive, social, confident, and inventive. I liked the quality traits and skills you need to have, and they match up with mine. I also like that you get to work with people, but that is also a part that I do not like because of the way people act sometimes. Some advantages to this occupation is that you get to make a lot of decisions and you get to help a lot of people along the way. A disadvantage is that you work extremely long hours and usually put in at least 45 hours a week. I have not discovered another occupation that I want to explore because I really like this one and I think that it would be a great fit for me. However, I think I would rather be a general manager or any sort of manager in a different business, one that is not necessarily food. Other than that, I think that I would be very happy in this occupation.
Plans to Reach my Goal
There are many different things I could do to help reach my goal of becoming a business executive. Understanding how a business works is something that could help me, and having a job helps me understand that. Another things is being organized and involved in things, FCCLA is something that helps me with that. Also the informational interview that I did helps with that as well.