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Chief operating officer vs executive vice president

The differences between chief operating officers and executive vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a chief operating officer and an executive vice president. Additionally, an executive vice president has an average salary of $216,285, 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 an executive vice president are financial statements, oversight, and business development.

Chief operating officer vs executive vice president overview

Chief Operating OfficerExecutive Vice President
Yearly salary$136,604$216,285
Hourly rate$65.67$103.98
Growth rate6%6%
Number of jobs128,993123,982
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 71%
Average age5252
Years of experience--

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.

What does an executive vice president do?

An executive vice president is responsible for monitoring departmental operations, managing customer relationships, developing the company's strategic goals, and identifying business opportunities that would maximize the company's performance, drive revenues, and achieve the business's profitability goals. Executive vice presidents contribute to sales innovations, negotiate business contracts, analyze financial reports, and minimize the company's expenses without compromising high-quality operations and customer satisfaction. An executive vice president must have excellent leadership and communication skills to support its daily operations to achieve its long-term goals and objectives.

Chief operating officer vs executive vice president salary

Chief operating officers and executive vice presidents have different pay scales, as shown below.

Chief Operating OfficerExecutive Vice President
Average salary$136,604$216,285
Salary rangeBetween $81,000 And $229,000Between $118,000 And $394,000
Highest paying CityJersey City, NJWashington, DC
Highest paying stateNew JerseyWashington
Best paying companyBaker McKenzieGartner
Best paying industryManufacturingTelecommunication

Differences between chief operating officer and executive vice president education

There are a few differences between a chief operating officer and an executive vice president in terms of educational background:

Chief Operating OfficerExecutive Vice President
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Chief operating officer vs executive vice president demographics

Here are the differences between chief operating officers' and executive vice presidents' demographics:

Chief Operating OfficerExecutive Vice President
Average age5252
Gender ratioMale, 76.6% Female, 23.4%Male, 74.7% Female, 25.3%
Race ratioBlack 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between chief operating officer and executive vice president duties and responsibilities

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.
  • Show more

Executive vice president example responsibilities.

  • Used data and KPI's to achieve consistent sales growth and below industry average turnover.
  • Manage logistics department, negotiate rates with suppliers, oversee incoming and outgoing inventory.
  • Lead the implementation of a new third-party ERP system, introducing sophisticate enterprise management system where none exist previously.
  • Manage operations and logistics, staff planning and supervision for all administrative, personnel, training and logistical requirements.
  • Manage all financial functions including controlling/accounting, board and regulatory reporting, treasury and cash management, and asset/liability management.
  • Provide oversight over subordinate supervisors and complete twice-monthly payroll activities, ensuring employees are paid as expected and on time.
  • Show more

Chief operating officer vs executive vice president skills

Common chief operating officer skills
  • Healthcare, 11%
  • Customer Service, 8%
  • Oversight, 7%
  • Financial Management, 7%
  • Business Strategies, 6%
  • Human Resources, 6%
Common executive vice president skills
  • Financial Statements, 9%
  • Oversight, 6%
  • Business Development, 6%
  • Healthcare, 6%
  • Revenue Growth, 6%
  • Strategic Partnerships, 4%

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