A study into the most influential 100 CEOs in the world has found trends between your first career steps and how far you progress.
New research from Aaron Wallis Sales Recruitment suggests that people who people who have a career background in operations or finance are the most likely leaders.
To become CEO of one of the biggest businesses in the world you may need to be internally promoted - the average 'top CEO' has worked at their respective company for 25 years. Out of the CEOs we reviewed, only 25% had worked at their business for less than 15 years and the majority of CEOs in our study have worked at their company between 20 and 40 years.
The majority of 'top CEOs' are at the end of their career - the average CEO in our study is 59 years old, with 42/100 of the CEOs reviewed being between 56 and 60 years old. Only 4 of the 'top 100 CEOs in the world' are below the age of 50.
CEOs tend to have a career background in finance or operations roles - grouping the career backgrounds of the CEOs reviewed into concise categories, 54% had a background in operations or finance.
You need to be a graduate to become CEO of a multi-national business and an MBA definitely helps - 98% of the top 100 CEOs are graduates with 36% of these CEOs studying a business related degree and 23% completing an engineering course. 25% of the 98 CEOs with degrees have also completed a Masters in Business Administration (MBA).
The 'gender divide' is obviously prevalent for those working in CEO roles - 96 out of the 100 CEOs we reviewed are male, only 4 of the world's biggest businesses by revenue have female CEOs.
For the full results of the study, please visit: https://www.aaronwallis.co.uk/news/top-ceos-in-the-world.aspx
Rob Scott, managing director at Aaron Wallis Sales Recruitment said: “In 2018 we are seeing that it is near impossible to lead a big business without being a graduate and that earning an MBA can be a real advantage to progressing your career. Starting out in an operations or finance related field can give you the mindset and strategic thinking which is necessary to make it to the top.”
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