North Carolina State University is home to one prominent CEO

Students interested in becoming high-ranking officials in companies may wish to enroll in programs offered at North Carolina State University.

James W. Owens is a former chairman and chief executive of Caterpillar Inc, which is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. He graduated with a PhD in economics from the institution in 1973 and was named chief economist of Caterpillar Overseas S.A. in Geneva Switzerland.

He is a director of the Institute for International Economics in Washington DC, as well as a member of the Council on Foreign Relations in New York. He is also a member of the Business Roundtable, which is a group of chief executive officers of major U.S. corporations who gather and promote pro-business public policy.

According to the the Bureau of Labor Statistics, individuals who have obtained a doctoral degree can earn average weekly wages of $1,532. Comparatively, those with a bachelor's degree can make $1,025. Furthermore, PhD degree holders are half as likely to become unemployed than those with a four-year degree.

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