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Want to be an Executive Vice President?

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An Executive Vice President or executive VP is a person who functions as the chief executive officer of a particular company. He is therefore also known as the executive CEO, the volunteer and public face of the company before the other companies and the media. He or she is the person who takes up the responsibility of providing the overall leadership of the company and guides the organization through its various phases. The Executive Vice President also performs the role of the business development executive whether it is meeting and addressing the needs of the employees, or developing a constructive and strengthening relationship within the employees of the organization.

The responsibilities of the executive manager or Executive Vice President involve decision making and participation in the following fields:

•    Governance


•    Policy making and development
•    Capital development
•    Capital implementation

The Executive Vice President or business development executive should look after and be responsible for developing, planning, coordinating, implementing, as well as evaluating all the aspects of the company that pertain to:

•    Programs of the organization
•    Initiatives
•    Fiscal and administrative operations
•    Cultivating and importuning the varied streams of revenue, potential endowments and major contributions

Often, travel is a major requirement desired of an Executive Vice President.

The candidate, who wants to be an executive CEO, should ideally have a degree in management, preferably an MBA from a reputed, recognized, and certified institute. They may also take the management examinations that are held in different states to qualify as a candidate. In you are in college level, you can obtain a bachelor's degree or master's degree in any discipline, preferable in the field of science and accounting. Advanced degrees with associative subjects like math and English are sometimes helpful.

The executive VP of a company should be skilled in the supporting of an integrated and effective marketing approach that also takes into account successful public relations and communications plans that are according to the terms of the principles of the company. He or she should recommend issues like decision making and offer professional advice and support to the board members, officers, and committees to ensure flawless working of the delegated powers. The other skills of the executive manager take in recruitment, hiring, training, and annual performance evaluation of the employees and even dismiss them, if required. With superior networking skills, he or she can strengthen existing relationships and build fresh ones.

Training as an intern or associate executive with firms while pursuing studies and courses in college can be of help. Other than lending you exposure to tackle the multiple issues pertaining to the organization, it is something that lets your personality develop as a business development executive and understand the pulse of the organization or office dynamics. The training helps you adopt a resilient perspective and be an agent of change within the organization.

Experience in the related field of an Executive Vice President helps you in assessing the needs and expectations of the organization and supervise all the direct reports. Experience also allows the executive CEO to communicate to both small and large groups and audiences. Prior service lets you approach situations and issues with an objective perspective and point of view.

The post of an executive vice president or business development executive is available globally in various firms and companies. With the required skill sets and qualifications, you can find lucrative jobs in the United States and use your personal attributes to scale the executive ladder. The executive CEO should report to the board of directors.

An executive VP can earn a median salary of $488,000 to $840,000 on a yearly basis.

The business development executive helps in the training and recruitment of the members of the board. The awareness of the present day political and cultural issues and trends helps them have an understanding of the dynamics of the career and achieve consensus with the issues and priorities. Administrative management in an important field of expertise as it helps create a positive work ambience that seeks to value the employees, trains them in professional growth and development and promotes team work and output. Having an action agenda lets the executive CEO make hard decisions on behalf of the organization and at the same time convince the other members of the board to put the changes into practice.
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