How to become a CEO?

Navigating the path to becoming a CEO, especially with the ambition of securing a significant exit package, involves strategic career moves and a deep understanding of both the financial and operational aspects of a business. Based on insights from Wall Street Oasis, here's a structured approach to consider:

1. Investment Banking (IB) Experience: Starting in IB provides a solid foundation in financial analysis, deal structuring, and understanding market dynamics. This experience is invaluable for understanding the financial health and potential of companies.

2. Private Equity (PE) Tenure: After IB, moving into PE allows for hands-on experience with company operations, strategic decision-making, and the process of improving company value. This stage is crucial for developing skills in identifying potential investment opportunities and understanding what makes a company successful from an investor's perspective.

3. Business School (BSchool): Attending a top business school can not only provide advanced business knowledge and strategic thinking skills but also expand your network significantly. This network can be crucial for future opportunities and partnerships.

4. Operational Experience: Post-MBA, gaining operational experience in a company is essential. Roles such as Chief of Staff or COO in a smaller, profitable company with growth potential can be strategic. These positions allow you to prove your ability to impact the bottom line, manage teams, and lead strategic initiatives.

5. Entrepreneurship or Joining a Startup: If the traditional corporate path doesn't appeal, entrepreneurship or joining a high-growth startup in a senior role could be the way. This path can offer the chance to be at the helm of innovation and potentially lead to significant exits if the company is sold or goes public.

6. Strategic Moves and Networking: Regardless of the path chosen, continuously making strategic career moves and leveraging your network is key. This includes seeking mentorship from experienced executives, attending industry events, and staying informed about market trends and opportunities.

7. Proving Your Worth: Before aiming for a CEO position, it's crucial to have a track record of success in improving company performance, leading teams, and making strategic decisions that have positively impacted the bottom line.

8. Recruitment for CEO Role: With proven success and a strong network, you can position yourself as a candidate for CEO roles. This might involve working with executive search firms, leveraging your network, or being promoted from within an organization.

Remember, there's no one-size-fits-all path to becoming a CEO. It requires a combination of strategic career moves, continuous learning, and the ability to navigate the complexities of business leadership.

Sources: How do I become a CEO?, Millionaire by 30, The ultimate long-term exit that no one talks about, 4 Real-Life Consulting Exit Opps of My Former Colleagues