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The differences between chief scientific officers and co-owners 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 scientific officer and a co-owner. Additionally, a chief scientific officer has an average salary of $103,182, which is higher than the $86,704 average annual salary of a co-owner.
The top three skills for a chief scientific officer include R, chemistry and business development. The most important skills for a co-owner are customer service, financial statements, and business plan.
| Chief Scientific Officer | Co-Owner | |
| Yearly salary | $103,182 | $86,704 |
| Hourly rate | $49.61 | $41.68 |
| Growth rate | 6% | 6% |
| Number of jobs | 66,518 | 52,915 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 54% |
| Average age | 52 | 52 |
| Years of experience | - | - |
Chief scientific officers are executives who manage a company's scientific, technological, and research operations. They are professionals who ensure that an organization's scientific and research facilities' primary concern aligns with the mission and vision they agreed on. These officers meet with other branches of the company to maintain their connections within the government and industry. To be successful in this position, these officers hone their scientific expertise and leadership skills. They also make formal presentations at medical or scientific meetings on behalf of their company.
A co-owner is responsible for ensuring smooth business operations, searching for the best industrial opportunities to drive revenues and increase profitability. Some of the business co-owners' duties include planning activities for business promotions, monitoring current market trends, establishing a reliable workforce, developing product specifications, managing financial goals and cost estimates, strengthening marketing strategies, and keeping records of business papers and documents. A co-owner should have excellent leadership, communication, and decision-making skills to secure business growth and success.
Chief scientific officers and co-owners have different pay scales, as shown below.
| Chief Scientific Officer | Co-Owner | |
| Average salary | $103,182 | $86,704 |
| Salary range | Between $59,000 And $179,000 | Between $63,000 And $118,000 |
| Highest paying City | Washington, DC | - |
| Highest paying state | Nevada | - |
| Best paying company | McKinsey & Company Inc | - |
| Best paying industry | Energy | - |
There are a few differences between a chief scientific officer and a co-owner in terms of educational background:
| Chief Scientific Officer | Co-Owner | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 54% |
| Most common major | Chemistry | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief scientific officers' and co-owners' demographics:
| Chief Scientific Officer | Co-Owner | |
| Average age | 52 | 52 |
| Gender ratio | Male, 75.5% Female, 24.5% | Male, 53.2% Female, 46.8% |
| Race ratio | 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% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |