Updated November 06, 2023
An officer is a high-ranking individual that makes decisions on behalf of an organization. An officer, if not the owner, will often report directly to the CEO, President, or Board of Directors. They are usually responsible for overseeing the operations of a particular department.
Salary (median pay)
For top executives with a bachelor’s degree and at least five years of experience:
- Salary: $107,680/yr
- Hourly Rate: $51.77/hr
Source: Bureau of Labor Statistics
By Type (7)
Duties and Responsibilities
- Allocate department resources;
- Analyze reports;
- Consult with other executives to cohesively operate the business;
- Devise policies and strategies that meet overall company goals;
- Direct operations for their department;
- Hire department staff;
- Negotiate contracts; and
- Oversee the department budget.
Qualifications
- Bachelor’s degree (or higher) in business management, law, liberal arts, public administration, or a related field;
- Clear and persuasive communication skills;
- Decisive;
- Effective problem-solving skills;
- Efficient time management skills;
- Extensive management experience;
- Five (5) or more years of work experience in a relevant industry; and
- Practiced leadership and management abilities.