The Chief Administrative Officer (CAO) is in charge of managing the daily activities of a company, including human resources, budget tracking, and regulatory compliance. He/She oversees various departments, such as finance, HR, marketing, and sales. He/She compiles performance reports and reports directly to the chief executive officer and board of directors. The CAO is otherwise known as the Chief Operating Officer (COO). He/She works with other executives to develop strategies and policies to attain company goals.
To work as a CAO, you need either a bachelor's or a master's degree in business administration with proven work experience in a managerial role. You must be familiar with government regulations for businesses. The skillset for this role includes leadership, decision-making, teamwork, interpersonal, communication, and computer skills. You must be able to cope with stress. The average base pay for a chief administrative officer is $131,128. This ranges between $66,000 and $262,000.
There is more than meets the eye when it comes to being a chief administrative officer. For example, did you know that they make an average of $73.6 an hour? That's $153,087 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 21,800 job opportunities across the U.S.
There are certain skills that many chief administrative officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, detail oriented and leadership skills.
If you're interested in becoming a chief administrative officer, one of the first things to consider is how much education you need. We've determined that 64.6% of chief administrative officers have a bachelor's degree. In terms of higher education levels, we found that 20.5% of chief administrative officers have master's degrees. Even though most chief administrative officers have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a chief administrative officer. When we researched the most common majors for a chief administrative officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on chief administrative officer resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a chief administrative officer. In fact, many chief administrative officer jobs require experience in a role such as chief finance officer. Meanwhile, many chief administrative officers also have previous career experience in roles such as vice president or senior vice president.
