The job market for chief executives in the United States

There are currently an estimated 280,000 chief executives in the United States. The chief executive job market is expected to shrink by -8.2% between 2022 and 2032.

How employable are chief executives?

CareerExplorer rates chief executives with a D employability rating, meaning this career should provide weak employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will lose -19,500 chief executives. That number is based on the retirement of 3,500 existing chief executives.

Are chief executives in demand?

The employment outlook for chief executives is expected to vary widely by industry. The rate of growth in each industry will largely determine the demand and number of available positions. Overall growth will be driven by expansion of existing businesses and the start-up of new organizations. Very strong competition for all top executive jobs will be driven by the high pay levels and prestige associated with these positions. The merging of companies may inhibit openings, as most organizations employ only one chief executive. Many executives who leave their jobs transfer to other top-level positions, a pattern that tends to limit openings for new entrants to the occupation. Chief executives with an advanced degree, extensive managerial experience, and proven results-focused leadership will have the best job prospects. In an increasingly global economy, familiarity with international economics and marketing and knowledge of foreign languages are also valued assets for job seekers. Those who have earned a Master of Business Administration (MBA) will typically be most attractive to large companies in both the public and private sectors. The Certified Manager (CM) credential, voluntary certification obtained through the Institute of Certified Professional Managers, may further enhance candidates’ employability.

What’s the supply of chief executives?

The chief executive industry is concentrated in California, Florida, Illinois

Chief Executive job market by state