BWIA 772
Topic Author
Posts: 1613
Joined: Sun May 12, 2002 2:33 am

What To Do To Become A CEO

Sat Jul 27, 2002 10:54 am


Now lets say my first degree is in law and my eventual goal is to become a CEO of an existing airline.

SO I am wondering if there is anyone in this forum who can tell me what would be an appropriate masters and how does one approach such a goal.

Regards
BWIA 772
Eagles Soar!
 
TommyBoy
Posts: 137
Joined: Sat May 27, 2000 12:15 pm

RE: What To Do To Become A CEO

Sat Jul 27, 2002 11:57 am

umm..ok, this is too easy...a masters in "Cookin' The Books"?
 
a380
Posts: 652
Joined: Tue Dec 19, 2000 11:51 pm

RE: What To Do To Become A CEO

Sat Jul 27, 2002 11:59 am

TommyBoy you beat me to that  Big thumbs up  Big thumbs up
 
UAL Bagsmasher
Posts: 1839
Joined: Wed Sep 08, 1999 12:52 pm

RE: What To Do To Become A CEO

Sat Jul 27, 2002 12:30 pm

Well the easiest way to answer this question is to tell you what not to do. Just take a look at the past few CEO's of UA. That will keep you busy for awhile Big grin
 
Ex_SQer
Posts: 1351
Joined: Wed Apr 24, 2002 5:43 am

RE: What To Do To Become A CEO

Sat Jul 27, 2002 12:39 pm

Step 1: Work about five years, establish a track record of success at what you do, then apply to do your MBA at a top-ranked US Business School.

Step 2A: After that, work your way up through an industry (doesn't have to be an airline), preferably to a CEO position in a Fortune 100 firm. If you don't get to be a CEO, shoot for CFO at least. Your preferred route of advancement would be through finance.

Step 2B: Build a reputation as a strategic thinker with the ability to lead a firm through ups and downs. Make yourself known as a person who is firmly grounded in reality and who is capable of leading a large corporation through sustained growth without squandering its resources. Be ethical, be firm, but yet be compassionate.

Step 2C: While you are working your way up, learn everything you can about handling a huge company with plenty of fixed (and rapidly depreciating) assets, high fixed costs, (usually) plenty of debt, low margins, tough unions, and government and safety regulations. You should also gain experience in being answerable to shareholders, board of directors, government bodies, regulatory bodies, safety agencies, staff, unions, customers, the general public, the media, contractors, suppliers, alliance partners, strategic partners, subsidiary companies, creditors, debtors, banks, and industry analysts.

Step 2D: Network, network, network. Get to know the board of directors, major shareholders, and key decision makers at all the major airlines and other companies associated with those airlines. Play golf with them. Invite them for weekends at your home in the Hamptons. Bring them on yachting trips.

Step 3: Discreetly contact headhunters that specialize in the airline industry and sell them your credentials as a potential airline CEO once you have gained all this experience, skills and knowledge outlined above.

Step 4: Don't forget to have fun along the way.
 
BWIA 772
Topic Author
Posts: 1613
Joined: Sun May 12, 2002 2:33 am

RE: What To Do To Become A CEO

Sat Jul 27, 2002 10:10 pm

Thanx for the info Ex_SQer it has been helpful. So can I assume that you are on this path as well.
Eagles Soar!
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: What To Do To Become A CEO

Sat Jul 27, 2002 10:56 pm

Just start your own airline.

That's the trouble with you business types, you make simple things look so complicated.  Insane

Remember that a vast number of company managers left school at 16...you don't need stacks of academic qualifications to make it to the top. Just a bit of savvy.
 
Arsenal@LHR
Posts: 7510
Joined: Tue Mar 20, 2001 2:55 am

RE: What To Do To Become A CEO

Sun Jul 28, 2002 12:00 am

A good start would be to ask Sir Richard Branson, i'm sure he has a few tips and tricks  Big grin
In Arsene we trust!!
 
Guest

RE: What To Do To Become A CEO

Sun Jul 28, 2002 2:35 am

I went the Backfire route ... as he says, far simpler!

However I do have an MSc in Air Transport Management, which I mainly did in order to ensure that I covered any gaps in my knowledge.
 
SSTjumbo
Posts: 2579
Joined: Sun Jun 17, 2001 3:29 am

RE: What To Do To Become A CEO

Sun Jul 28, 2002 3:11 am

When you go to college, try to get a minor in Aviation Administration if you get a major in business.
I don't know, so this is my signature.
 
penguinflies
Posts: 932
Joined: Thu Apr 06, 2000 12:00 pm

RE: What To Do To Become A CEO

Sun Jul 28, 2002 3:57 am

If it is in the US, the FAA does have some regulations on who can become a CEO, Chief Pilot, Director of Operations etc. Look into the FAR or any air regulations of the country you would like to work in.
 
Guest

RE: What To Do To Become A CEO

Sun Jul 28, 2002 12:28 pm

you don't need an MBA anymore. helpful, but not necesary. few can afford it anyway.

but you need business and finance experience. try working for an investment bank out of collefe, where you;ll learn financial modelling, microsoft excel (so important), capital structures, debt, equity, securities, financing, etc...



 
Red Panda
Posts: 1433
Joined: Wed Jun 14, 2000 12:58 pm

RE: What To Do To Become A CEO

Sun Jul 28, 2002 4:41 pm

Connection, connecTion, connectioN!

r panda  Smokin cool
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: What To Do To Become A CEO

Thu Aug 01, 2002 5:56 am

Here you go: The Guardian's step-by-step guide to starting your own airline. Just right if you want to be the CEO.

http://www.guardian.co.uk/business/story/0,3604,766626,00.html

I'll expect a consultancy fee if any of you are successful.