Board members hold important positions and make important decisions. They work with other members to hire company presidents, school district superintendents and other business leaders. They work for hospitals, schools, churches and a wide array of other organizations.
Board members vote on issues and appoint important people to positions within their company. They work on marketing the company, raising funds and creating public awareness. They also keep a close eye on financial matters, constantly monitoring the organization’s bottom line.
Board members must be able to work well as a team. They should be professional, organized and highly analytical. Board members especially have to possess excellent communication skills.
Most companies require board members to carry a bachelor’s degree, along with years of experience in their industry. Occasionally, board members are voted into positions.
Board members typically work in large offices fit for top executives, and large conference rooms where board meetings are held. Many work long days, and depending on industry, may have to travel frequently.
Board members for large corporations can be among the nation’s highest earners--as the Bureau of Labor Statistics estimated that top executives earned a median annual salary of $91,570 in May 2008.
2016 Salary Information for Top Executives
Top executives earned a median annual salary of $109,140 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, top executives earned a 25th percentile salary of $70,800, meaning 75 percent earned more than this amount. The 75th percentile salary is $165,620, meaning 25 percent earn more. In 2016, 2,572,000 people were employed in the U.S. as top executives.