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The differences between chief operating officers and chief strategy officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a chief operating officer, becoming a chief strategy officer takes usually requires 4-6 years. Additionally, a chief strategy officer has an average salary of $163,192, which is higher than the $136,604 average annual salary of a chief operating officer.
The top three skills for a chief operating officer include healthcare, customer service and oversight. The most important skills for a chief strategy officer are business development, CSO, and strategic vision.
| Chief Operating Officer | Chief Strategy Officer | |
| Yearly salary | $136,604 | $163,192 |
| Hourly rate | $65.67 | $78.46 |
| Growth rate | 6% | 6% |
| Number of jobs | 128,993 | 93,147 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 62% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
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.
A chief strategy officer or chief strategist is an executive leader in an organization responsible for assisting the chief executive officer with communicating, developing, and sustaining business corporate strategic initiatives and the company's overall goals. This is a senior executive role and a big responsibility for holding the top strategy part. They focus on implementing a company's strategy, both internally and externally. They ensure to communicate to all employees, business partners, suppliers, and contractors to know the importance of a company-wide strategic plan.
Chief operating officers and chief strategy officers have different pay scales, as shown below.
| Chief Operating Officer | Chief Strategy Officer | |
| Average salary | $136,604 | $163,192 |
| Salary range | Between $81,000 And $229,000 | Between $103,000 And $257,000 |
| Highest paying City | Jersey City, NJ | Rochester, NY |
| Highest paying state | New Jersey | Alaska |
| Best paying company | Baker McKenzie | Norton Rose Fulbright |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a chief operating officer and a chief strategy officer in terms of educational background:
| Chief Operating Officer | Chief Strategy Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief operating officers' and chief strategy officers' demographics:
| Chief Operating Officer | Chief Strategy Officer | |
| Average age | 52 | 44 |
| Gender ratio | Male, 76.6% Female, 23.4% | Male, 78.6% Female, 21.4% |
| Race ratio | 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% | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |