Reaching the C-suite is a goal for many professionals—and for good reason: Joining the top echelon of a company brings prestige, a handsome salary and the opportunity to do interesting and rewarding work. But to get there requires more than skills and hard work. It also takes agility since the makeup of the C-suite is not static, and roles and responsibilities are always evolving. This means that a coveted top job today may be very different in five years—or may not exist at all.
This is borne out by research from Deloitte that shows how growing business complexity, economic uncertainty, regulatory demands, and a need for specialized leadership have led the C-suite to evolve significantly. The good news for would-be top executives is that the C-suite overall is growing: Deloitte’s analysis found that, between 2018 and 2023, top leadership teams at Fortune 500 companies grew 23% on average (from 6.7 executives to 8.2). This has meant that, in addition to long-time title
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