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The differences between chief development officers and chief executive officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a chief development officer, becoming a chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $116,047 average annual salary of a chief development officer.
The top three skills for a chief development officer include kids, oversight and CDO. The most important skills for a chief executive officer are healthcare, patients, and patient care.
| Chief Development Officer | Chief Executive Officer | |
| Yearly salary | $116,047 | $192,260 |
| Hourly rate | $55.79 | $92.43 |
| Growth rate | 8% | 6% |
| Number of jobs | 135,511 | 149,185 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 59% |
| Average age | 42 | 52 |
| Years of experience | 4 | - |
A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Chief development officers and chief executive officers have different pay scales, as shown below.
| Chief Development Officer | Chief Executive Officer | |
| Average salary | $116,047 | $192,260 |
| Salary range | Between $67,000 And $199,000 | Between $104,000 And $354,000 |
| Highest paying City | New York, NY | Urban Honolulu, HI |
| Highest paying state | New York | Hawaii |
| Best paying company | McKinsey & Company Inc | Alecto Healthcare Services LLC |
| Best paying industry | Professional | Start-up |
There are a few differences between a chief development officer and a chief executive officer in terms of educational background:
| Chief Development Officer | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between chief development officers' and chief executive officers' demographics:
| Chief Development Officer | Chief Executive Officer | |
| Average age | 42 | 52 |
| Gender ratio | Male, 66.7% Female, 33.3% | Male, 68.5% Female, 31.5% |
| Race ratio | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.2% Asian, 5.1% White, 74.6% American Indian and Alaska Native, 0.4% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 16% | 12% |