Managers devise strategies and formulate policies to ensure that company goals and objectives are met. They are involved in planning and policy-making at almost every level, including both the long-term strategy and its day-to-day execution. Managers develop corporate structures and policies, direct and coordinate employee activities, find and develop alliances with suitable business partners, raise money to grow their organizations, and make systematic changes, as needed, to keep their businesses profitable.

Management is a large occupation, and many openings will occur each year as executives transfer to other positions, start their own businesses, or retire. Competition for top management level positions will remain high.

Managers must be able to communicate clearly and persuasively. Other qualities critical for managerial success include leadership, self-confidence, motivation, flexibility, and determination.

Managers must have highly developed interpersonal skills. In addition, they must be able to analyze situations and make informed decisions.

The educational background of managers varies widely. Many general managers and top executives have a bachelor’s degree or higher in liberal arts or business administration. Their major often is related to the departments they direct.

Managers usually have comfortable offices and work a minimum of 40 hours per week. Some management positions require travel. Managers can be under pressure to earn higher profits, provide better service, or attain specific goals.