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Business manager vs chief operating officer

The differences between business managers and chief operating officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business manager, becoming a chief operating officer takes usually requires More than 10 years. Additionally, a chief operating officer has an average salary of $136,604, which is higher than the $83,198 average annual salary of a business manager.

The top three skills for a business manager include customer service, powerpoint and project management. The most important skills for a chief operating officer are healthcare, customer service, and oversight.

Business manager vs chief operating officer overview

Business ManagerChief Operating Officer
Yearly salary$83,198$136,604
Hourly rate$40.00$65.67
Growth rate6%6%
Number of jobs377,191128,993
Job satisfaction5-
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Average age4452
Years of experience6-

What does a business manager do?

A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.

What does a chief operating officer do?

A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.

Business manager vs chief operating officer salary

Business managers and chief operating officers have different pay scales, as shown below.

Business ManagerChief Operating Officer
Average salary$83,198$136,604
Salary rangeBetween $47,000 And $145,000Between $81,000 And $229,000
Highest paying CitySeattle, WAJersey City, NJ
Highest paying stateWashingtonNew Jersey
Best paying companyThe CitadelBaker McKenzie
Best paying industryTechnologyManufacturing

Differences between business manager and chief operating officer education

There are a few differences between a business manager and a chief operating officer in terms of educational background:

Business ManagerChief Operating Officer
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business manager vs chief operating officer demographics

Here are the differences between business managers' and chief operating officers' demographics:

Business ManagerChief Operating Officer
Average age4452
Gender ratioMale, 43.2% Female, 56.8%Male, 76.6% Female, 23.4%
Race ratioBlack or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6%
LGBT Percentage10%12%

Differences between business manager and chief operating officer duties and responsibilities

Business manager example responsibilities.

  • Coordinate and manage hvac projects from estimate to invoice.
  • Manage accounting, treasury, and process improvement initiatives to effect financial turnaround of CMRO business unit.
  • Manage and supervise firm operations on a daily basis including purchases, accounting, scheduling of vendors, attorney and CPA.
  • Create solutions in the areas of invoicing, AR reporting and payment methods that lead to system improvements and streamline processes.
  • Manage all human resource activities, operational processes and financial oversight.
  • Develop internal operating procedures design to achieve efficient clinic operations and maximum service to patients.
  • Show more

Chief operating officer example responsibilities.

  • Manage the RFP process and present investment packages to local and regional lenders to procure acquisition and long term debt financing.
  • Develop and integrate care services, achieve and maintain JCAHO accreditation.
  • Attain ISO registration, resulting in excellent documentation and adherence to operational and administrative process controls.
  • Manage the implementation of a new supply base global ERP system that reduce inventory and enable just-in-time delivery.
  • Establish, manage and coordinate activities of this start-up management company specializing in turning around trouble health insurance plans.
  • Manage all financial functions including controlling/accounting, board and regulatory reporting, treasury and cash management, and asset/liability management.
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Business manager vs chief operating officer skills

Common business manager skills
  • Customer Service, 21%
  • PowerPoint, 7%
  • Project Management, 6%
  • Human Resources, 6%
  • Payroll Taxes, 5%
  • Business Plan, 4%
Common chief operating officer skills
  • Healthcare, 11%
  • Customer Service, 8%
  • Oversight, 7%
  • Financial Management, 7%
  • Business Strategies, 6%
  • Human Resources, 6%

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