Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between chief finance and operating officers and president & chief operating officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a chief finance and operating officer, becoming a president & chief operating officer takes usually requires More than 10 years. Additionally, a president & chief operating officer has an average salary of $211,982, which is higher than the $166,139 average annual salary of a chief finance and operating officer.
The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a president & chief operating officer are financial performance, revenue growth, and product development.
| Chief Finance And Operating Officer | President & Chief Operating Officer | |
| Yearly salary | $166,139 | $211,982 |
| Hourly rate | $79.87 | $101.91 |
| Growth rate | 17% | 6% |
| Number of jobs | 166,131 | 130,349 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
A Chief Finance and Operating Officer is a senior executive who is part of the management team that manages the financial actions of an organization. This executive must produce financial statements to communicate results with shareholders and stakeholders of the organization. They must revise all their financial policies and procedures to strengthen internal controls and ensure the continuance of work to accommodate rapid growth. They must also establish cross-functional alliances to assist the effectiveness of the organization's marketing and business development initiatives.
A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.
Chief finance and operating officers and president & chief operating officers have different pay scales, as shown below.
| Chief Finance And Operating Officer | President & Chief Operating Officer | |
| Average salary | $166,139 | $211,982 |
| Salary range | Between $87,000 And $314,000 | Between $114,000 And $391,000 |
| Highest paying City | Foster City, CA | Las Vegas, NV |
| Highest paying state | California | Nevada |
| Best paying company | University of Nebraska at Omaha | Global Atlantic Financial Group Limited |
| Best paying industry | Internet | Construction |
There are a few differences between a chief finance and operating officer and a president & chief operating officer in terms of educational background:
| Chief Finance And Operating Officer | President & Chief Operating Officer | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance and operating officers' and president & chief operating officers' demographics:
| Chief Finance And Operating Officer | President & Chief Operating Officer | |
| Average age | 46 | 52 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 86.1% Female, 13.9% |
| Race ratio | Black or African American, 8.1% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 8.5% White, 64.1% American Indian and Alaska Native, 0.3% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |