4 answers
Asked Viewed 177 times Translate

What is the back ground of most senior level executives in the business field? (Specifically business continuity and risk management)

I am a 17 year old black woman who is a senior in high school aspiring to be a Business Continuity Planner. #business #business-management #management #finance #entrepreneur


+25 Karma if successful
From: You
To: Friend
Subject: Career question for you
5
100% of 5 Pros

4 answers


Updated Translate

Mary’s Answer

Laniya,

Most will have an MBA or their Bachelor's with many years of experience and additional training needed to become that C Suite executive. I'd suggest looking at the job postings on sites like Indeed, glass door, zip recruiter etc. To find out what range of educational requirements there are. Pay close attention to certifications that are listed as well. Use several different search terms, as job title can be different for same role depending on industry and company.

A search on Indeed for Continuity Planner provides a variety of listings. Try and determine what an entry level role is called so you know what the start of your career would require vs. what a senior role would require.

Risk management depends on the industry your in. In my industry, construction and engineering, risk is managed within the Project Controls realm. There are two organizations you might look up for information regarding Risk. https://web.aacei.org/ and

http://www.planningplanet.com/forums/guild-project-controls-gpc

Mary recommends the following next steps:

Research job postings to determine entry level requirements for role. This is what you need to start from, as you'll have to gain experience to make it to Senior/executive position
Write down certifications mentioned in job postings and look them up. There could be many using same acronyms meaning totally different things. Determine how you get the certification from the issuing organization.
Find out if the issuing organizations have memberships. Most do and they may have student memberships available at fraction of cost. See if that is an option for you to join.
Find local chapter of governing body or organization that makes the rules that your career is guided by. These could be strict rules that must be obeyed or simply accepted industry standards that most will follow. If there is a chapter in SAT, contact them about being a guest at a meeting. There may be small fee depending on type of meeting, think meal cost, but they should assign someone to you at meeting to help you if needed.
Make those contacts! Network now though these organizations mentioned, LinkedIn in, school business clubs etc. Always be professional and value any time someone spends with you. Thank them with small note to show your appreciation if you can, as that goes a long way in establishing a lasting connection.

0
Updated Translate

Andrew’s Answer

A lot of them have MBA's but when I'm talking to people in corporate they really emphasize making sure that you have your accounting classes taken care of as well. A lot of companies expect some familiarity with GAAP and other accounting tasks before considering you for promotion.


0
Updated Translate

Kevin’s Answer

I work with people who are business continuity planners. The skills they have center around:
- Research: regulations, historical performance, contract terms
- Math to define the impact of a risk to the business
- Organization skills to create and sequence the work steps to identify risks and resolve them
- Communication skills to inform different groups in a business on the risks and get agreement on which to prioritize

Backgrounds in accounting, math, psychology can all work depending on the type of industry.

0
Updated Translate

JoLynda’s Answer

Of my previous bosses who held this position, one had both an MBA and a law degree, one held an MBA, and the senior executive had many years of experience in our specific industry/field of tourism and museum management and was incredibly good at lobbying the Virginia State Assembly for funds to ensure our museums were financially supported and well advertised in tourism campaigns (though to my knowledge I don't think he held a Master's degree). Two of my "senior level execs." had been a county manager and an asst. county manager for local government. Most CFO's I've worked with had either focused on the legal/risk management side of the business or on the accounting side of organizational management. One exec. had been a history teacher before getting his MBA/CPA. Another exec. had just been working in politics so long she understood the idiosyncrasies and personalities enough to hold strong until she rose up through the ranks until retirement.

I was an office assistant and showed my financial acumen enough to roll past experience as a volunteer coordinator and customer service manager to become the Operations and Volunteer Director at the last place I worked. I managed three offices, over 30 staff members, and oversaw a budget that exceeded $500k. Prior to that I had managed 81 budgets and over $1 million in annual spending. I have a Six Sigma Green Belt and was once a government consultant and also received a procurement specialist certification. My direct supervisor had been a creative director, chief exec. officer and general manager at various museums in Britain. He did not have a Master's, but held a certification or two I believe. All this to say, everyone's journey is different. Do what you enjoy, don't focus on the money unless you absolutely have to, and you'll find yourself working toward what you never knew you wanted to become.


0