The ultimate goal of many aspiring company executives is to become a CEO. It is the pinnacle of achievement in the business world, and the job has major benefits and obligations. But it goes without saying that getting there is not an easy path. To become a CEO, one must put in years of effort, devotion, and a little bit of luck. Who is the youngest CEO, and how did they manage to accomplish such a remarkable feat?
Suhas Gopinath, who took the helm of his IT company, Globals Inc., at the age of just 14, is the youngest CEO in history. At the age of 11, Suhas started his business in Bangalore, India. By the time he was 14, the business had more than 100 employees. Suhas’s story is certainly motivational, but it is important to remember that he is the exception rather than the rule.
Being a CEO typically requires many years of arduous work. According to a recent study, a Fortune 500 company’s CEO is 58 years old on average. Given that the majority of CEOs have to climb the corporate ladder, starting in entry-level jobs and progressively working up to more senior responsibilities, this statistic is not surprising.
There is no one academic credential that can ensure success as a CEO. Nevertheless, a lot of effective CEOs hold degrees in business-related disciplines like finance, accounting, or economics. According to a Wealth-X survey, bachelor’s degrees in finance and accounting are most frequently obtained by billionaires. But this does not imply that obtaining a degree in one of these areas is necessary to succeed as a CEO.
How long does it take to become a CEO then? The response to this query differs from person to person. Others have succeeded at a relatively young age, while some CEOs have climbed the corporate ladder over many years. But the secret to becoming a CEO is to concentrate on honing your abilities and accumulating experience in your chosen industry. Additionally crucial are establishing connections with senior leaders inside your firm and showcasing your capacity for inspiring and leading others.
In conclusion, being a CEO is a remarkable accomplishment that requires years of sacrificial effort and commitment. Although there are some exceptions, the majority of CEOs have spent many years climbing the corporate ladder. However, anyone may succeed as a CEO with the correct attitude, training, and experience.