Do You Have What It Takes To Become A CEO? [Infographic]

Brighton School of Business and Management http://www.brightonsbm.com 4m 918 #ceo

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

What makes a CEO? From educational backgrounds, to work experience, and personality traits this infographic looks at the magic formula that makes a successful CEO.

When it comes to education almost all (97%) of CEOs have a bachelor’s degree of some kind, three out of 10 have an MBA and only 2.4% of CEOs have no degree at all. Some of the world’s most famous CEOs have dropped out of college, including Virgin’s Richard Branson, Facebook’s Mark Zuckerberg and Dell Computers’ Michael Dell. The prestigious Harvard has produced the most CEOs with 65 from the Fortune 500 top CEOs coming from there. Stanford University and the University of Pennsylvania follow up with 27 and 24 respectively.

In terms of their personality typically CEOs are good communicators, calculated risk takers, shrewd deal makers, extroverts who love meeting people, innovative, have vision and command respect. The gender breakdown is quite stark, there are just 24 women CEOs in the Fortune 500 and 27 in the Fortune 1000. Women make up under 5% of all CEOs!

Taking a look at the changing role of the CEO over the past 100 years and the new responsibilities companies are facing provides a snapshot of what the CEO of the future will be like. By 2040 industry experts say 30% of CEOs will be women. Today 60% of U.S. college students and 40% of MBA students are female, and over the past five years the percentage of new CEOs who were women (3.6%) was notably higher than in the previous five years (2.1%).

Future CEOs will have a deep understanding of IT as technology will enable companies to enter new markets and leave shrinking ones with ease. They will also be obliged to be much more transparent, and investors will scrutinize the CEO of the future and demand a high level of accountability. The CEO of the future will also have a broad range of experience, as their education and early background will be different than today’s CEOs. With current work trends it looks like the CEO of the future will have had significant experience working in virtual teams, and will have spent time volunteering, traveling and working abroad.

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Do You Have What It Takes To Become a CEO?

What Makes a CEO?

Explore the educational backgrounds, variety of experience, and personality traits of top CEOs to see if you have what it takes to become the CEO of tomorrow.

EDUCATION

• 97% of CEOs have a Bachelor’s Degree
• 29% have an MBA
• 2.4% of CEOs have no degree at all

Ivy League Graduates

Meg Whitman, Former CEO of Ebay

Undergraduate Degree from Princeton, Master of Business Administration (MBA) from Harvard.

John Bogle, Former CEO of the Vanguard Group

Undergraduate Degree from Princeton.

Roberto Goizueta, Former CEO of Coca Cola

Undergraduate Degree from Yale

Drop-Outs

Richard Branson, CEO of Virgin Group

Mark Zuckerberg, CEO of Facebook

Michael Dell, CEO of DELL Computer

Top 10 CEO Producing Schools:

Harvard

65

Stanford

27

University of Pennsylvania

24

Notre Dame

14

University of Michigan

14

Cornell

13

Dartmouth

12

Indiana

11

Columbia

18

MIT

10

PERSONALITY

• Good Communications
• Calculated Risk Takers
• Shrewd Deal Makers
• Extroverts Who Love Meeting People
• Innovative and Love To Explore New Ideas
• Have A Cohesive Vision and Strategy
• Command Respect

GENDER

• There are 24 Women CEOs in the FORTUNE 500 and 27 in the FORTUNE 1000.
• That’s just under 5% of all CEOs!

PAY

The Largest CEO To Worker Pay Gaps:

COMPANY: Walmart

Mike Duke

Wage: $23,150,000

Average Worker: $22,400

Ratio: 1034:1

COMPANY: Target

Gregg Steinhafel

Wage: $17,890,000

Average Worker: $29,900

Ratio: 597:1

COMPANY: The Walt Disney Company

Bob Iger

Wage: $31,360,000

Average Worker: $56,800

Ratio: 557:1

The Lowest CEO To Worker Pay Gaps:

COMPANY: Google

Larry Page

Wage: $1

Average Worker: $102,000

Ratio: 0:1

COMPANY: Amazon

Jeff Bezos

Wage: $1,680,000

Average Worker: $91,600

Ratio: 18:1

COMPANY: Microsoft

Steve Ballmer

Wage: $1,370,000

Average Worker: $110,000

Ratio: 12:1

SOCIAL MEDIA

Today’s Top CEOs Aren’t Very Active on Social Media

OF THE FORTUNE 500 CEOs

• 28% have a LinkedIn Profile
• 7% are on a Facebook
• 6% are on Twitter
• 1% are using Google+

The Most Recognized CEO on Social Media is Richard Branson of Virgin Group

• 3.3 million followers on Twitter
• 4.7 million followers on Google+
• 2.1 million people follow his blog on LinkedIn

WHAT WILL THE CEO OF THE FUTURE BE LIKE?

Taking a look at the changing role of the CEO over the past 100 years provides a snapshot of the CEO of the future.

A WOMAN:

• By 2040, industry experts say 30% of CEOs will be women.
• At present, 60% of United States college students and 40% of MBA students are women.
• Over the past five years the percentage of new CEOs who were women (3.6%) was notably higher than in the previous five years (21%).

MASTER OF TECHNOLOGY:

• Future CEOs will have a deep understanding of I.T. across the value chain.
• In the future, technology will enable companies to enter new markets and leave shrinking ones with ease.

TRANSPARENT:

• The future will be the age of transparency and investors will scrutinize the CEO of the future and demand a high level of accountability.
• Tomorrow’s CEO will be responsible for navigating her company’s relationships with employees, customers, suppliers, investors, NGOs, and Social and Environmental Groups.

Widely Experienced:

• The education and early background of the CEO of the future will be different than those of most of today’s CEOs based on current trends.
• The CEO of the future will have had significant experience working in virtual teams, and will have spent time volunteering, traveling, and working abroad.

FACT

Only 35% of Today’s Incoming Class of CEOs had experience working overseas.

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