How to Become a CEO

How to Become a CEO

How to Become a CEO
Mandira Pangeni - oldFri Feb 24 2023

The CEO is the highest-ranking executive in a corporation, and their responsibilities reflect this hierarchy. A CEO manages a company's resources and operations while making many of the most critical decisions. The size and organisational structure of the company determine the breadth of this role's responsibilities. A larger company's CEO might only concentrate on high-level plans for corporate expansion while giving other managers the responsibility for activities linked to regular business operations. When the team is understaffed, or the CEO oversees a side project, they may participate in some mid to low-level choices.

What is a CEO?

The highest-ranking employee in an organisation is the CEO or chief executive officer. Although a CEO's responsibilities vary depending on the organisation, they often make corporate-level decisions for the business's strategy, operations, and resources. The shareholders choose the CEO to serve as the organisation's public face and the primary point of contact for the board of directors. Smaller business CEOs could be involved in the day-to-day tasks required to run the company. They oversee reaching strategic, high-level judgments at the enterprise level. In both environments, the CEO impacts the company's culture, vision, and goal-setting behaviour.

What are the roles and responsibilities of a CEO?

  • Create effective business strategies and plans that align with short- and long-term goals.
  • Lead and inspire your team members to increase employee engagement and create a high-performing management group.
  • Maintain control over all operations and company endeavours to guarantee they yield the required outcomes and adhere to the overall strategy and purpose.
  • Make wise investment choices to progress the company and boost profitability.
  • Maintain the company's legality and business ethics by enforcing compliance with internal regulations and legal requirements.
  • To produce remedies or changes, examine the financial and non-financial reports.
  • To secure the survival and expansion of the business, analyse troubling events and occurrences and offer treatments.

How to Become a CEO? Qualifications

Persuasive communication abilities

A CEO needs to communicate well because they may meet or interact with experts daily as they hold the highest degree of management in the organisation. Practical communication skills can aid in others comprehending the CEO's judgments. By learning to deal with employees' diverse working and communication styles, collaboration can be improved throughout the company, and success can be increased.


A firm can advance only when everyone and every project are heading in the same direction. The CEO assigns tasks and forms teams to achieve the company's strategic goals. The flexibility to switch between groups provides a more comprehensive picture of how the business is operating. Develop this talent by listening to other people's opinions and giving relevant feedback. Working successfully in teams fosters loyalty and long-lasting relationships, essential for advancing the company.

Being able to draw lessons from the past

Learning from past failures makes better decisions in the future possible. CEOs who take lessons from prior actions can examine the connections between action and result and use this knowledge in future decisions. Professionals can view a problem more objectively by soliciting feedback from others. CEOs might also gain insight into potential solutions by speaking with people who have faced similar challenges.


The capacity for swift and efficient decision-making is referred to as decisiveness. CEOs manage deadlines and queries from several internal and external sources in their capacity as the leader of an organisation. Quick decision-making skills can keep a corporation moving toward its objectives. Being decisive is a quality that may come with assurance and expertise accumulated over many years in a specific field.

Creative problem-solving

Any career benefits from having the ability to solve problems creatively. It is the rigorous process of arriving at an original and innovative solution. Businesses can overcome market upheavals, financial difficulties, and changes in leadership by making innovative decisions.

Other Skills

  • Management of people.
  • Collaboration Leadership Talents
  • Making decisions.
  • Persuasion.
  • Skills for Psychological Leadership.
  • Ethics in Leadership.
  • Interpersonal Competence.

Steps to Becoming a Successful CEO

Academic Requirements

  • 10+2 degree in management and another related field.
  • A field like business and leadership, business administration, management, or public administration.
  • A 4-year bachelor's degree or a 2-year master's degree is required.
  • CEO roles need at least five years of relevant work experience.
  • A top executive could have to reason through budget data.
  • Must possess effective time management and organising abilities.

Acquire more knowledge after high school.

CEOs frequently hold bachelor's or master's degrees in business administration or a comparable discipline. This degree is typically in business or leadership-related disciplines, such as management, public administration, or business administration. Some CEO jobs even call for a doctorate, depending on the sector (like education). CEOs and would-be CEOs can further their education by enrolling in extra classes like contract law, information technology management, and leadership. There are several free online business continuing education courses accessible.

Experience (work and related fields)

Accomplishment as a CEO depends on many factors besides education and managerial experience. For instance, CEOs must possess good organisational abilities as they are frequently responsible for overseeing their operations to promote corporate growth. This ability pairs well with solid leadership skills because CEOs must coordinate people, resources, and policies to allow this growth. A CEO must also have the basic skill set necessary to apply the knowledge they have learned to various real-world business scenarios.

Training (job or related fields)

A bachelor's degree is sometimes required for chief executive officer roles and a significant amount of business and industry expertise. These high-level roles are competitive, and individuals with an MBA are frequently given precedence. Enrolling in a Master of Business Administration degree program might enhance the job chances of management professionals who want to become chief executive officers. Global information technology, strategic project management, economic management policy, and strategic cost management are common topics covered in coursework.


A CEO career often includes a variety of tasks that all contribute to an organisation's success. Some experts might work in business divisions, like finance or human resources. These experts establish and direct activities compatible with their vision for a company's direction.

Employment areas

  • Finance
  • Healthcare
  • Manufacturing 
  • Retail.
  • Businesses 
  • Smaller companies

Job titles

  • A chief executive officer (CEO)
  • Chief operating officer (COO)
  • Chief information officer (CIO)
  • Chief marketing officer (CMO)
  • Chief financial officer (CFO)
  • Chief technology officer (CTO)

Salary of a CEO

Let us see the average annual salary of a CEO in some popular countries.


Annual Average Salary of a CEO


$407,417 (AUD)/yr


$ 15.395.022 (ARS)/yr


272.804 € (EUR)/yr


R$922.991 (BRL)/yr


$385,410 (CAD)/yr


¥2,112,426 (CNY)/yr

Costa Rica

₡66 031 108 (CRC)/yr


1.740.287 kr. (DKK)/yr


840,412 ج.م.‏ (EGP)/yr


198 449 € (EUR)/yr


284 074 € (EUR)/yr


336.404 € (EUR)/yr

Hong Kong SAR

HK$2,201,420 (HKD)/yr


₹1,09,19,569 (INR)/yr


254.798 € (EUR)/yr


¥27,445,417 (JPY)/yr


RM488,545 (MYR)/yr


$2,493,909 (MXN)/yr


€ 301.460 (EUR)/yr

New Zealand

$336,726 (NZD)/yr


547 433 zł (PLN)/yr


154 383 € (EUR)/yr

Russian Federation

4 954 643 ₽ (RUB)/yr


CHF 343'603 (CHF)/yr


177.798 € (EUR)/yr


฿5,228,606 (THB)/yr


£290,759 (GBP)/yr


2 387 674 ₴ (UAH)/yr

United Arab Emirates

808,130 د.إ.‏ (AED)/yr

United States

$438,196 (USD)/yr


1.878.709.845 ₫ (VND)/yr

Training Course for a CEO

Let us talk about some degree to become a successful CEO .




Postgraduate Diploma in Change Leadership

University Diploma in Leadership and Entrepreneurship

Advanced Diploma in Business Administration (Leadership and Management)

Diploma in Strategic Management and Leadership

Diploma in Leadership for Digital Transformation


Executive Bachelor's in Business Law and Public Relations

Executive Bachelor's in Product and Category Management

Executive Bachelor's in International Sales and Marketing

Executive Bachelor's in International Tourism and Events Management

Executive BBA (EBBA)

Bachelors in Strategic Management and Leadership

Bachelors in Leadership and Entrepreneurship

Bachelors in Business Administration

Bachelors in Business Administration (Leadership and Management)


Master Executive MBA

Master of Management of Applied Science

Master in Management - Grande Ecole Programme

Master in Leadership and Entrepreneurship

Master in Strategic Management and Leadership

Master in International Tourism and Events Management

Master in Product and Category Management


PHD in Business Administration

PHD in in Management

Executive PhD

Doctor of Philosophy (PhD) by Research in Executive Leadership

Doctor of Philosophy 

Doctor of Executive Leadership

PHD in Leadership and Entrepreneurship

(Ph. D) in Executive Leadership

Pros and Cons of Becoming a CEO

As the company's highest-ranking employee, the CEO has significant authority over running the business. He oversees making many of the most important choices for the business. However, the organisation's size affects how much authority the CEO has. Despite the various advantages a corporation's CEO receives, there are several obstacles to becoming one. The list below outlines the benefits and drawbacks of being a company's CEO.

Advantages of becoming a CEO

  • Increased efficiency and clarity
  • Greater assurance in tackling opportunities and challenges
  • increased connection and dialogue with others
  • salary is higher than another job
  • freedom to set your own schedules
  • reputation in office and society
  • many people work in under

Disadvantages of becoming a CEO.

  • To many pressuring work
  • Criticise by many workers
  • Face various lawsuit
  • The face of the company
  • Lot of paperwork
  • Stressful job
  • Tight and busy schedules

How to Become a CEO? FAQs

Why are management skills important for a CEO?

CEOs have several internal and external responsibilities that impact the staff, the board of directors, stockholders, and customers. CEOs should learn and apply these crucial abilities in every business interaction to keep these stakeholders' trust.

Who is superior to a CEO?

The Board of Directors (BOD), a body chosen by the company's shareholders to represent their interests, oversees the CEO's performance. They are the top decision-makers in the management hierarchy and are directly answerable to the shareholders. Their duties, which are far from day-to-day operations, include:

  • Choosing and appointing a CEO.
  • Supporting and evaluating that CEO's performance.
  • Assessing and approving significant policies and decisions.

Who collaborates with a CEO?

To ensure that business operations are thriving throughout the year, the CEO typically collaborates with other executives like the CFO, COO, and other managers. They are responsible for their performance and direct answer to the Board of Directors and other executives.

What makes a good CEO?

Successful CEOs must be able to plan where their company is heading and how it will get there. They need a solid understanding of their sector to lead their business throughout the year. They must also possess strong communication skills to communicate with other executives, managers, and the board of directors.

What are a CEO's responsibilities and duties?

Depending on the size and type of the company, the CEO wears various hats. Smaller businesses are more active in hiring and firing lower-level employees, whereas larger firms are solely involved in high-level corporate strategy and strategic positioning.

What does a CEO do?

CEOs manage various responsibilities, such as assigning agendas to managers who are more qualified for activities to keep an eye on the production and health of their organisations. Additionally, they promote profitability through efficient management while establishing priorities for short-term objectives and long-term corporate success during the planning stages.

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