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.
- 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
Richard Branson, CEO of Virgin Group
Mark Zuckerberg, CEO of Facebook
Michael Dell, CEO of DELL Computer
Top 10 CEO Producing Schools:
University of Pennsylvania
University of Michigan
- 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
- There are 24 Women CEOs in the FORTUNE 500 and 27 in the FORTUNE 1000.
- That’s just under 5% of all CEOs!
The Largest CEO To Worker Pay Gaps:
Average Worker: $22,400
Average Worker: $29,900
COMPANY: The Walt Disney Company
Average Worker: $56,800
The Lowest CEO To Worker Pay Gaps:
Average Worker: $102,000
Average Worker: $91,600
Average Worker: $110,000
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.
- 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.
- 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.
- 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.
Only 35% of Today’s Incoming Class of CEOs had experience working overseas.
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