What is a CEO?

Think about a famous leader. Every company, non-profit, or organization needs a key individual, who has great leadership skills, to succeed.

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The Chief Executive Officer, often referred to as the CEO, is the highest-ranking individual in a company or organization.

CEOs are responsible for managing an entire company or organization’s operations, with a major focus on developing strategy. CEOs often manage a group of other high ranking officials such as the Chief Financial Officer, Chief Operating Officer, and Chief Legal Officer among many others.

CEOs must possess strong leadership skills, excellent communication skills, and an ability to learn and adapt quickly. Most CEOs have at least a bachelors degree and often pursue an advanced degree, such as an MBA (Masters of Business Administration).

The CEO job is high stress, but also very rewarding. According to salary.com, the average CEO is paid around $800,000 per year and according to AFL-CIO, the average S&P 500 CEO is paid around $18.4 million per year. Not bad!

Becoming and being a CEO is no easy task, but one that is extremely rewarding!