Overview: Executive directors are among the highest-paid individuals at a company, and for good reason. Executive directors manage operations at the highest level, ensuring the organization meets its shareholder and business responsibilities.
Operations directors sometimes fulfill many of the same obligations as executive directors. Their primary goal is to develop, improve and implement plans to meet their organizational goals. In some companies, this job might have the title of chief operations officer (COO).
National salary range: Chief executives and operations directors also have a wide salary range, owing to the differences between organizations. According to BLS, executive directors earned an annual salary in May 2022 in the range of $74,920 to $239,200. Executives at many large companies have earnings in excess of millions of dollars.
Education requirements: Public sector executives may have bachelor’s degrees in areas like business administration, public administration, liberal arts or law. Top executives at large corporations typically have an MBA. Some high-performing executive directors and college presidents go the extra mile and earn a DBA.
Job outlook: BLS reports that the overall employment for top executives is projected to grow by 3% between 2022 and 2023. However, executive employment varies by occupation, and chief executives, like CEOs and COOs, are estimated to see an 8% decline in available jobs between 2022 and 2032, which is roughly 23,000 jobs. This is due, in part, to technological improvements.
Salary ranges for these occupations are national averages and are not specific to students or graduates of University of Phoenix. Actual outcomes vary based on multiple factors, including prior work experience, geographic location and other factors specific to the individual. In addition to your education, and personal work experience may be a factor in your salary and job responsibilities. University of Phoenix does not guarantee employment, salary level or career advancement. BLS data is geographically based. Information for a specific state/city can be researched on the BLS website.