Businesses in Britain range from media to insurance companies – interestingly, most CEO’s of these companies have a few things in common. Based on research conducted by Qlik there are five things top CEO’s have in common when it comes to running an organisation that is part of the FTSE 350.
Research found that if you carry out the following five steps you are increasingly likely to own a business part of the FTSE 350.
From the research conducted, 15% of CEO’s went to either Oxford or Cambridge University. It is thought that the top UK universities create the best business people. However, the University of Manchester also takes up 4% of the FTSE 350 CEO’s – putting it second behind Oxford and Cambridge.
- Study the arts
Whilst qualifications in maths, economics and finance provide individuals with great experience to become a CEO – research suggests that those that have studied the arts also go on to be successful CEO’S. CEO’s in sectors such as: energy, finance and manufacturing have qualifications in English Literature and History.
- A finance background
The research suggested that having a background in finance is extremely beneficial when becoming a CEO. It also found that those with this background will be the most lucrative individuals in the company and will fast track their career to becoming a CEO.
Statistically most business CEO’s in the FTSE 350 are middle aged. So, being able to fit into the ‘old boy’ network is essential. The average age of an FTSE chief executive is 52 years old with 1955 being the most common year of birth.
Believe it or not – there are more males in this arena than there are females. The research showed that out of all FTSE 350 companies, only 14 were led by women and the rest were headed by men. However, there has been a huge surge to increase the number of women found in the boardroom by the business secretary; Vince Cable. Currently, the number of women leading these companies stands at 20.4% which is a huge rise from the 12.5% in 2011.
The world of FTSE 350 is one that has interested many professionals over the past few years. The different sectors within the FTSE 350 has been analysed with a comprehensive overview into their worth and success has been provided.
It also demonstrates how the banking sector is growing due to huge demand for credit and recovery clearly in sight. The Telecoms sector is also soaring ahead by an increase of almost 50% in the last year – becoming the true survivors of 2014. By taking a look at how the sectors have performed this year, you will have all the information you need to decide which sector you would like to move into.
By taking the five initial steps listed above and doing enough research into the different sectors, you are guaranteed to be on the right footing to be managing your own FTSE 350 business in the near future.