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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 | Executive Vice President | |
| Yearly salary | $136,604 | $216,285 |
| Hourly rate | $65.67 | $103.98 |
| Growth rate | 6% | 6% |
| Number of jobs | 128,993 | 123,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Average age | 52 | 52 |
| Years of experience | - | - |
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.
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 officers and executive vice presidents have different pay scales, as shown below.
| Chief Operating Officer | Executive Vice President | |
| Average salary | $136,604 | $216,285 |
| Salary range | Between $81,000 And $229,000 | Between $118,000 And $394,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | Washington |
| Best paying company | Baker McKenzie | Gartner |
| Best paying industry | Manufacturing | Telecommunication |
There are a few differences between a chief operating officer and an executive vice president in terms of educational background:
| Chief Operating Officer | Executive Vice President | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief operating officers' and executive vice presidents' demographics:
| Chief Operating Officer | Executive Vice President | |
| Average age | 52 | 52 |
| Gender ratio | Male, 76.6% Female, 23.4% | Male, 74.7% Female, 25.3% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |