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The differences between chief product 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 product 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 $134,865 average annual salary of a chief product officer.
The top three skills for a chief product officer include CPO, patrol and patients. The most important skills for a chief strategy officer are business development, CSO, and strategic vision.
| Chief Product Officer | Chief Strategy Officer | |
| Yearly salary | $134,865 | $163,192 |
| Hourly rate | $64.84 | $78.46 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,190 | 93,147 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 62% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
A chief product officer (CPO) is an executive professional who is responsible for managing a company's product management team to create products that can deliver sustainable value to both customers and the business. This executive must lead the strategic product direction, which includes product vision, design, development, and marketing. To get insights from the needs of customers, this executive is required to initiate various types of customer research to use it to differentiate products from competitors. This chief product officer must also take part in exhibitions to present products to the audience.
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 product officers and chief strategy officers have different pay scales, as shown below.
| Chief Product Officer | Chief Strategy Officer | |
| Average salary | $134,865 | $163,192 |
| Salary range | Between $74,000 And $242,000 | Between $103,000 And $257,000 |
| Highest paying City | Newark, NJ | Rochester, NY |
| Highest paying state | New Jersey | Alaska |
| Best paying company | McKinsey & Company Inc | Norton Rose Fulbright |
| Best paying industry | Professional | Finance |
There are a few differences between a chief product officer and a chief strategy officer in terms of educational background:
| Chief Product Officer | Chief Strategy Officer | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between chief product officers' and chief strategy officers' demographics:
| Chief Product Officer | Chief Strategy Officer | |
| Average age | 52 | 44 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 78.6% Female, 21.4% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% 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% |