The path to reach the coveted leadership position as CEO of a Fortune 500 company is usually a long one. Unfortunately, statistics show that that far more men land the CEO title than women.
What does it take to become a CEO?
An infographic from CEO.com sheds some light on the paths typically taken to the #1 c-suite office. You can see the full inforgraphic below. Here are some highlights:
- 97% of Fortune 500 CEOs have an undergraduate degree.
- 66% of Fortune 500 CEOs have a graduate degree (39% of them have MBAs and 10% have law degrees).
- Most S&P 500 CEOs came from finance backgrounds (26%).
- Only 38% of S&P 500 CEOs had international experience prior to becoming a CEO.
- 45% of Fortune 500 CEOs served as non-executive directors on public company boards before becoming a CEO.
- The average time it takes for a successful candidate to rise through the ranks to be appointed as CEO is 16 years.
- 77% of S&P 500 CEOs are appointed internally.
- Only 32% of Fortune 500 and 21% of S&P 500 CEOs rose to the top by spending their careers working for a single company.