FAQ
Chief Executive FAQ
Answers to the most common questions about working as a chief executive.
Straight answers to the questions people ask most about becoming a chief executive: pay, training time, degrees, certifications and whether it’s a good career.
9 questions about chief executives
How do you become a CEO?
Usually through years of management and running a division or business.
Do CEOs need an MBA?
Not always, but many have one.
Who does the CEO report to?
The board of directors.
How much does a chief executive make?
The median annual wage for chief executives was $213,990 ($102.88 per hour) in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $75,700 and the highest 10% earned more than $507,730.
How long does it take to become a chief executive?
Most people need about 15+ years of experience of training. A bachelor’s degree is typical, often with an MBA, plus many years of management experience.
Do you need a degree to be a chief executive?
Usually, yes. BLS lists a bachelor's degree as the typical entry-level education, although skills, certifications and experience can sometimes substitute.
Is chief executive a good career?
It can be, depending on your goals. Employment is projected to change +3.2% from 2025–35 (about as fast as average), with about 19,100 openings each year. Upsides include top pay; a common challenge is that very long hours.
What skills does a chief executive need?
Key technical skills include strategic planning, financial management, leadership, and negotiation. Employers also value decision-making, communication, and vision.
What certifications are available for chief executives?
Common credentials include MBA, Board governance training, Executive education, and Industry credentials. Requirements vary by state and employer.
Still deciding?
Try the Chief Executive fit quiz, compare with General and Operations Manager, or explore Chief Executive training.
Sources
- U.S. Bureau of Labor Statistics, BLS Occupational Employment and Wage Statistics (OEWS), May 2025, SOC 11-1011 (Chief executives).
- U.S. Bureau of Labor Statistics, BLS Employment Projections, Table 1.2 (2025–35).
- O*NET OnLine summary for Chief executives (U.S. Department of Labor).
- BLS Occupational Outlook Handbook.
Reviewed by the Career Education Institute Curriculum Team. Pay figures are national estimates; local pay varies. See our editorial policy.