New business school research has revealed the career tactics necessary to become a top company CEO; specialise in one industry, get promoted regularly and resist the urge to change jobs frequently.
Bernard Forgues from emlyon business school worked with colleagues to identify the career trajectories of the top 100 CEO’s according to the Fortune 100 listing of companies. The research team charted each CEO’s career from the very beginning to when they became a CEO.
In doing so, they looked at three main variables – the status of the individual at every step of their career, the function they fulfilled and the regularity with which they changed jobs.
The main finding was that if you want to be a CEO, it is best to have a traditional, linear job progression; 37% of the list had been with the same company since the beginning of their careers.
And even though it took on average almost 28 years to reach the most senior position, CEO’s averaged only 2.7 employers during that period. Changing industry is also relatively rare with 62 CEO’s in the list only ever having worked in one sector – with an average of only 1.6 industries per CEO across the whole sample of 100 leaders.