Difference between executive and manager

Sự khác nhau giữa Executive và Manager

Leaders and managers are both high-level experts who take on leadership and guidance roles within businesses and organizations. In fact, there are many differences in the tasks, jobs and subjects they will work with.

If you’re considering becoming an executive or manager in the future, learn more about these two positions and their differences.

In this article, Ms. Uptalent will help readers understand the concepts well What is the Executive?, What is Manager and the difference between Executive and Manager. Please follow us for more useful information!

Before learning the difference between Executive and Manager, let’s take a look at the concept of these two terms!

1- What is the Executive?
2- What is Manager?
3- What are the differences between Manager and Executive?
4- Close relationship between Leader and Manager

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1- What is the Executive?

In this article, we will consider Executive in the sense of General Director.

Based on this role, the Executive is the head of the management apparatus of a company. They are primarily responsible for making business decisions to help businesses grow and become more successful.

In addition, the executive is also responsible for defining the vision, strategy, deciding on the organizational structure of the company as well as the projects and plans that will be implemented.

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As the highest-ranking executive in the company, the executive will receive reports from other executives.

Below are some main tasks and responsibilities that the operator must perform:

– Work with managers from other companies.

– Make decisions regarding mergers, acquisitions or business and financial strategies during each specific period.

– Work directly with the company’s management and management team.

– Identify business opportunities and improvements to help the business grow.

– Plan the expansion and development of the business in the short and long term.

– Monitor and control business, finances, human resources and all aspects related to company operations.

What does Executive mean?

2- What is Manager?

The manager is also known as the manager. Their task is to oversee a specific group of processes or activities within the company. The scope of their specific tasks and jobs will depend on the size and specific business characteristics of each company.

Simply put, each manager will be responsible for different operational aspects of the business. For example, there will be a Manager in charge of accounting, human resources, finance, sales, warehousing, production or management of branches and regions, etc.

Usually, the manager will work directly with a group of subordinate employees. They are responsible for monitoring employee performance and ensuring that company regulations and rules are strictly followed.

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Here are the main tasks that managers often have to perform:

– Supervise and direct the daily work of subordinates.

– Establish employee work schedules.

– Monitor employee work progress to support them quickly.

– Notify and discuss with subordinates changes in the process of implementing plans and projects.

– Develop new methods and ways of working to improve work efficiency.

– Timely support employees to achieve optimal work performance.

– Prepare reports on work results.

Definition of manager

3- What are the differences between Manager and Executive?

After learning what an executive is and what a manager is, you will realize that these two positions both play very important roles for businesses.

Sometimes the roles and responsibilities of an executive and a manager can overlap. This leads many people to think that these two roles can be used interchangeably. However, upon closer inspection, you will find that there are many differences between them. Specifically:

3.1- Strategy development

The executive and manager are responsible for developing the strategy. However, each role places different emphasis on the strategy development process.

Along with executives, they will focus on establishing a specific strategic vision for the company. During this time, the manager aims to build a strategy based on the identified vision.

For example, the manager will create a development strategy and make decisions to introduce new product lines. At this stage, the manager’s task will be to create a strategy to develop and introduce new product lines in the best way.

3.2- Education level requirements

For a manager position, companies may not require you to have a bachelor’s degree. At the same time, specific requirements will depend on the scale and professional requirements of each management position. For example, a restaurant manager does not need to have a bachelor’s degree, but a medical director does.

On the management side, companies often have higher training requirements for this position. Normally, executives must have at least a master’s degree in economics. The more qualified executives are, the more they demonstrate their excellent abilities.

In large companies, training requirements for managers and executives may be higher than those in small companies. But in general, the training requirements for executives are always higher than those for managers.

3.3- Job prospects

Job opportunities for managers and executives will be different. At the same time, the employment growth rate of these two positions is not the same.

According to statistics, the growth rate of executive employment can reach 9%. Meanwhile, this speed in Executive is a bit lower, only around 8%.

The above figures are from the Bureau of Labor Statistics (BLS) study of executive and managerial employment growth over the 2020 to 2030 period.

Difference between manager and executive

3.4- Work experience

For the role of Manager, employers may require that you have 5-10 years of professional experience in the field. There are also employers who will charge more than this figure. The actual number will depend on your skills and education level.

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Meanwhile, to become a CEO, it can take up to 25 years. During this period, you will need to make every effort to accumulate knowledge, skills, experience and achieve certain achievements.

3.5- Rights and interests

The manager and the executive will benefit from different rights and benefits. Specifically:

With the manager

The benefits the manager receives include:

– Make decisions within the authority assigned to him.

– Have the right to manage a group of members.

– Autonomy at work.

– The work is less stressful and stressful than that of an executive.

– Strong development potential.

With Executive

Benefits operators can receive include:

– Recognized achievements.

– Transportation assistance.

– Help with buying a house or spending on children’s education.

– Benefit from additional health insurance policies.

3.6- Scope of work

Another difference between Executive and Manager is the scope of their work. While the CEO’s decisions will affect everyone in the company, including the manager, the manager’s decisions only impact subordinates and the department they work with.

Managers and executives

3.7- Income

The income levels of executives and managers are also very different. Often the CEO earns a higher income than the manager.

The actual amount of income each person earns will be very different because it depends on many factors such as education level, work experience, job performance and company size.

A study shows that the national average salary in the United States is approximately $49,296/year for a Manager and $72,560/year for an Executive.

Additionally, salaries also vary depending on the city and work area. For example, in the United States, the highest salary for a Manager is in New York at $57,099/year, and the highest salary for an Executive is in San Francisco at $89,471/year.

4- Close relationship between Leader and Manager

Thanks to what Uptalent mentioned in the two sections What is an executive and What is a manager, perhaps you have realized the difference between these two positions in terms of roles and professional responsibilities to assume.

Even though they are two different positions in a company, they have a very close relationship and both aim to create success for the company.

You need to understand that the role of business operations management does not only belong to the executives, but even managers must clearly understand and be able to handle issues well when problems arise.

In other words, CEOs and managers must maintain strong relationships with each other. Remember that the operator is not the one who directly manages the work, he must go through the manager’s report to understand the situation and transmit the content and information to the company’s employees.

So, Ms. Uptalent has just sent readers the most detailed information so that you can understand the difference between Executive and Manager. Hopefully, through this article you will also have the most complete and complete view of what Executive is.

Please keep following Uptalent to update yourself with many more useful knowledge. Good luck!

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