Management executive also known as Executive Management is considered as the highest level of management in a corporation. The main responsibility of the management executive is to plan and execute various rules for managerial improvement. The average salary of a management executive in the USA is $128,000 a year. The salary ranges from $42,300 – $211,000.
Key Takeaways
- Management executive is the highest position that you can find in a business or organization
- Usually, the management executive solves problems that are escalated to him by the Project Manager
- The responsibilities of a management executive vary from one organization to another
- A management executive could be a CEO, COO, CFO, etc.
What is Management Executive?
According to Law Insider:
“Management Executive means the senior management executive appointed by a party to this Agreement, who is responsible for the Project and whose role is to participate in executive status meetings and resolve any issues which are escalated to him/her by the Project Manager.”
So, basically, management executives are leaders within a company structure who are appointed by the CEO. A management executive plays a very important role in the development of a business. The roles and responsibilities of management executives vary from one organization to another but one responsibility is common among all the management executives and that is to maintain the day-to-day management of the company. Moreover, the management executive is held responsible for implementing strategies and policies of the organization. A management executive could be a Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), etc.
Job Responsibilities of Management Executive
- Administering a business’s various operations and actions
- Study and research the existing policy of a business and implement various new policies
- Improve the company’s compliance with policies
- Create and implement various strategies and rules for the staff members
- Link with managers of other departments and complete the project within the given time frame
- Introduce the leadership practice within the company
- Identifying goals and targets of the upcoming projects
- Dividing the staff into small groups and assigning responsibilities
- Develop the company management budgets
- Tracking the performances of the managers
Skills Required for Management Executive
| Integrity Leadership Communication Ability Handle complexity Interpersonal Skills Drive / Ambition Initiative Business Acumen DecisivenessMentor Administrative Ability International Experience Disciplinary knowledge Sales / Marketing ability | Energy / Passion Analytical / reasoning skills Achievement orientation Self-Awareness Strategic Planning Emotional Intelligence Team player Conceptual skills Financial management Planning ability Entrepreneurial ability HR Management Project Management Technical competence |
Average Salary for Specific Jobs in Management Executive
| Job Title | Average Salary |
| Account Coordinator Administration Manager Area Manager Asset Protection Associate Assistant Director Assistant Manager Assistant Operations Manager Assistant Project Manager Assistant Section Head Assistant to CEO Assistant Vice President Associate Director Bid Manager Branch Manager Business Development Manager Business Operations Associate Business Operations Lead Campaign Manager Chairman of The Board Chairman Office Manager Chief Corporate Officer Chief Executive Officer Chief Financial Officer Chief of Staff Chief Operating Officer Chief Risk Officer Client Services Manager Commercial Project Manager Commodity Broker Corporate Affairs Executive Corporate Compliance Director Corporate Director Corporate Officer Corporate Partnerships Officer Country Manager Deputy Director Director Director of Accreditation Director of Catering Services Director of Client Services Director of Facilities Management Director of Operations Director of Process Simplification Director of Project Management Director of Revenue Management Director of Training and Development Distribution Manager Division Manager Duty Manager Engagement Manager Executive Director Executive Manager Franchise Manager General Manager Global Master Data Manager Head of Middle Office Head of Projects Head of Sustainability Housing Manager HSE Manager Key Account Manager Knowledge Manager Location Manager Logistics Manager Management Consultant Management Executive Manager Managing Director MIS Executive Ocean Services Manager Operations Assistant Operations Director Operations Executive Operations Manager Operations Supervisor Policy Administration Executive Private Sector Executive Product Development Manager Product Executive Production Executive Production Manager Production Supervisor Program Manager Program Coordinator Project Control Manager Project Coordinator Project Management Officer Project Manager Project Portfolio Manager Quality Manager R/D Director Regional Director Regional Manager Relationship Manager Retail District Manager Revenue Manager Risk and Capital Manager Risk Officer Safety Manager Section Head Service Manager Shift Supervisor Solutions Manager Supervisor Supply Chain Manager Surveyor Technical Manager Territory Manager Validation Manager Vice President Zone Manager | 92,800 USD 104,000 USD 99,300 USD 119,000 USD 110,000 USD 118,000 USD 129,000 USD 109,000 USD 96,000 USD 99,500 USD 115,000 USD 112,000 USD 122,000 USD 121,000 USD 145,000 USD 118,000 USD 113,000 USD 127,000 USD 207,000 USD 140,000 USD 170,000 USD 218,000 USD 194,000 USD 101,000 USD 168,000 USD 142,000 USD 137,000 USD 122,000 USD 87,800 USD 125,000 USD 136,000 USD 147,000 USD 101,000 USD 104,000 USD 166,000 USD 157,000 USD 172,000 USD 137,000 USD 126,000 USD 136,000 USD 119,000 USD 144,000 USD 116,000 USD 146,000 USD 134,000 USD 134,000 USD 148,000 USD 127,000 USD 125,000 USD 157,000 USD 219,000 USD 181,000 USD 181,000 USD 161,000 USD 146,000 USD 134,000 USD 140,000 USD 120,000 USD 110,000 USD 116,000 USD 125,000 USD 144,000 USD 141,000 USD 106,000 USD 113,000 USD 159,000 USD 138,000 USD 176,000 USD 147,000 USD 154,000 USD 105,000 USD 158,000 USD 161,000 USD 159,000 USD 133,000 USD 118,000 USD 130,000 USD 149,000 USD 127,000 USD 142,000 USD 138,000 USD 118,000 USD 152,000 USD 107,000 USD 143,000 USD 86,100 USD 99,800 USD 108,000 USD 116,000 USD 120,000 USD 123,000 USD 190,000 USD 150,000 USD 142,000 USD 105,000 USD 117,000 USD 158,000 USD 109,000 USD 105,000 USD 105,000 USD 117,000 USD 89,500 USD 107,000 USD 90,600 USD 150,000 USD 103,000 USD 140,000 USD 139,000 USD 128,000 USD 183,000 USD 147,000 USD |
References:
https://sg.indeed.com/career-advice/finding-a-job/what-does-management-executive-do
http://www.salaryexplorer.com/salary-survey.php?loc=229&loctype=1&job=24&jobtype=1
Last Updated on December 25, 2023 by Magalie D.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.
