Executive or Senior Management
Senior or executive managers, also known as “C-level” or “C-suite” positions, are responsible for leading a company by overseeing its financial well-being, setting a vision, and creating a growth strategy for a business. They are also responsible for attracting top talent to fill mid-level and advisory positions.
Executive or senior management can rise from experience within a company or be hired from an outside business or even a competitor. They usually have a long history within a certain industry with expertise in a specialized area of their chosen field.
Job titles might include:
Here are examples of jobs at this level:
Chief technology officer (CTO)
National average salary: $128,535 per year
Primary duties: This senior executive controls the technology requirements in an organization. They oversee and hire IT staff and compose a strategy for all technological platforms. The CTO also coordinates with other management to create the technology needed across the business for internal operations from marketing to product development.
Chief financial officer (CFO)
National average salary: $131,245 per year
Primary duties: The CFO directs the long-term financial goals of an organization. They execute and oversee the financial strategy of a business through investments, profits and revenues. CFOs are also in charge of ensuring accurate financial reporting of all company funds.
Chief Marketing Officer (CMO)
National average salary: $125,515 per year
Primary duties: A CMO oversees the marketing operations of an entire company, often across multiple product lines. They are responsible for maintaining a vast knowledge of market research to create goals and initiate marketing campaigns. A CMO conducts analyses to make decisions that impact the marketing budget of the entire business.