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The differences between chief strategy officers and business managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a chief strategy officer and a business manager. Additionally, a chief strategy officer has an average salary of $163,192, which is higher than the $83,198 average annual salary of a business manager.
The top three skills for a chief strategy officer include business development, CSO and strategic vision. The most important skills for a business manager are customer service, powerpoint, and project management.
| Chief Strategy Officer | Business Manager | |
| Yearly salary | $163,192 | $83,198 |
| Hourly rate | $78.46 | $40.00 |
| Growth rate | 6% | 6% |
| Number of jobs | 93,147 | 377,191 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
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.
A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.
Chief strategy officers and business managers have different pay scales, as shown below.
| Chief Strategy Officer | Business Manager | |
| Average salary | $163,192 | $83,198 |
| Salary range | Between $103,000 And $257,000 | Between $47,000 And $145,000 |
| Highest paying City | Rochester, NY | Seattle, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | Norton Rose Fulbright | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a chief strategy officer and a business manager in terms of educational background:
| Chief Strategy Officer | Business Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief strategy officers' and business managers' demographics:
| Chief Strategy Officer | Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 43.2% Female, 56.8% |
| Race ratio | 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% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |