Find out how much a president makes
Whether it’s a country or a company, the president is the highest authority. Being president implies great responsibility, exposure and the ability to face crises and problems. But how much does a president make? That the salary is up to this mission?
Read on and find out how much the president of Brazil earns per month and what the salary of a company president is. And more: learn what are the requirements to follow these careers.
What does a President of the Republic do?
The President of the Republic is the highest authority in a presidential republic. That is, he is the Chief Executive of the country whose regime elects its ruler by popular vote.
In presidential republics, as is the case in Brazil, the president is both the head of government and the head of state. And for each of these roles there are specific obligations.
As head of government, the president is responsible for decisions that affect the daily lives of citizens and that are part of everyday politics. In addition to managing the country’s administration, he must create public policies and government programs, suggest and approve laws, appoint and lead ministers, conduct the country’s economy, among other activities.
As head of state, the president of the republic represents his country before the rest of the nations of the world. Much of the diplomacy with other countries is the responsibility of the president of the republic. It negotiates markets and partnerships, makes bilateral and multilateral agreements, receives foreign authorities and positions the country in important global discussions.
In addition, the president of the republic exercises supreme command of the country’s Armed Forces. That is, he is also responsible for national defense and security.
How much does a President of the Republic make?
The President of the Republic occupies the highest position in the Brazilian Federal Executive Branch, but, contrary to what many people think, his salary is not the highest in the civil service.
The current salary of the President of the Republic is R$30,934.70 gross. This value has been in effect since the publication of Legislative Decree nº 277, of 2014.
The amount is below the ceiling established by the federal government, which is equivalent to the salary of ministers of the Federal Superior Court (STF): R$46,300. The amount received by members of the National Congress (senators and deputies) is R$33,700. These values do not include any discounts or extra benefits included in the payment.
What are the benefits of a President of the Republic?
But the President of the Republic has other benefits besides salary. For starters, he has two houses and their corresponding employees at his disposal so he doesn’t have to worry about a thing.
The Palácio da Alvorada is the official residence of the Presidency and is located in Brasília, in the Federal District. With 7 thousand square meters, it has three floors and has a library, music room, banquet room, laundry, kitchen, cinema, games room, medical center, palace administration, auditorium, presidential apartment, suites and private rooms.
The second house available to the Brazilian president is Granja do Torto, the official country house of the presidency. Located on a farm, the building has a helipad, soccer field, lake, cinema, private office and barbecue.
The president of Brazil also has official cars available with drivers, security guards, a presidential plane (with on-board service), and a corporate card.
Does the president of Brazil have a special retirement?
Despite all these luxuries, which are, in a way, compatible with the position, saving this remuneration received is an important factor for the future of the president, as there is no special pension for this position in Brazil.
Upon leaving the Presidency, the former occupant gains the right to only two official vehicles, four security and support servers and two private advisors chosen by him.
In some countries, such as the United States of America, former presidents are entitled to a generous lifetime pension and an additional allowance for advising and structuring their offices.
In the podcast below, you can find more information about how much a president earns and the benefits included:
What are the requirements to be President of the Republic?
By law, to run for president of the Republic the only requirements are, according to our Constitution:
- to be a native Brazilian;
- be at least 35 years old before the elections;
- have the full exercise of their political rights;
- be a voter and have an electoral domicile in Brazil;
- be affiliated with a political party or association; and
- not having replaced the current president in the six months before the scheduled election date.
Do you need to have college to be president of the Republic?
In the case of the President of the Republic, the path to the post necessarily involves investing in a political career. And we know that this is not an easy path. You need to convince tens of millions of people that you’re the right person for the job.
There is no specific course to take to be the president of Brazil. We have already had a sociologist president decorated in universities around the world, a member of the Brazilian Academy of Letters, an economist, lawyer, trade unionist and military.
That is, it is not mandatory to have college to run for president. However, reaching the position of president will require a lot of planning, patience and dedication. And, of course, a lot of political savvy.
What does a company president do?
The president of a company, whether public or private, is its chief executive. It is the top of the corporate hierarchy. Thus, he is responsible for the general administration of the organization, for the strategic planning and, also, for the results of the company.
The president must lead the organization and all its employees, as well as determine and guide those responsible for each sector and department. He may also report the company’s results to the board of directors and investors.
How much does a company president make?
How much a President of the Republic earns is very low if it is placed side by side with the remuneration of some company presidents.
On average, how much does a company president make? According to the G1 news site, the average annual salary of a president of companies listed on the São Paulo Stock Exchange (Ibovespa) was R$11.28 million in 2019. The amounts ranged from R$584,000 to R$52 million.
Remember that the salary of a company president follows the size of the organization and also varies greatly according to the sector. Some companies make billions and pay their bosses accordingly.
Adding fixed salary, bonuses, benefits, the monthly amount received by a president of a large Brazilian bank exceeds R$4 million.
According to recent data from the Securities and Exchange Commission (CVM), after banks, the organizations that pay the highest salaries to their presidents are in the mining, retail, airline, food, telecommunications and beverage sectors.
10 highest salaries of presidents in companies in Brazil
Are you curious to know how much a president of ten large companies in Brazil earns per month?
We have the list, which despite looking like a list of the biggest Mega-Sena awards, is real and was released in 2019 by the companies themselves in their annual balance sheets. Check out how much a president of the largest companies in Brazil earns:
- Itaú: BRL 52.06 million
- B3: BRL 51.25 million
- Santander: BRL 45.32 million
- CVC Brazil: BRL 37.9 million
- JBS: BRL 32.14 million
- Bradesco: BRL 30.66 million
- Cosan: BRL 27.25 million
- Cogna: BRL 22.82 million
- Magazine Luiza: BRL 21.25 million
- Braskem: BRL 21.12 million
Do you need to have college to be president of a company?
To be president of a company, having a higher education is practically just the beginning of the corporate climb, which will probably involve investing in postgraduate courses, specializations and language courses.
Here, the most cited higher course is Business Administration, but the president of an organization can be trained in courses such as Economics, Engineering, Marketing and even Journalism, depending on the area of activity.
There is no regulation for the position of president or chief. This position can exist in a place without any previous rules, due to the fact that the person is the owner or the main family member responsible for the company. And that person didn’t always study at a college or that was a requirement to take the position.
In other cases, in companies with greater participation of partners, the president can be chosen by vote of a representative council of the shareholders. Some larger institutions may include in their bylaws strict rules for the election of the company’s president, including rules of behavior.
Colleges for those who want to be president
What we always say here in the Career Guide is: look for a college recognized and well evaluated by the Ministry of Education (MEC). Recognition guarantees the validity of your diploma throughout Brazil, while a good grade increases your attractiveness in the market.
And if the concern is your pocket, know that nowadays you can go to a quality college without breaking the budget. Programs like FIES, ProUni and colleges’ own scholarship and funding initiatives can give you the extra strength you need to achieve your dream.
How much does a President of the Republic make?
The current salary of the President of the Republic is R$30,934.70 gross. This value has been in effect since the publication of Legislative Decree nº 277, of 2014.
Author Bio:
This is Aryan, I am a professional SEO Expert & Write for us technology blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests