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The differences between executive vice presidents 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 an executive vice president, becoming a chief strategy officer takes usually requires 4-6 years. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $163,192 average annual salary of a chief strategy officer.
The top three skills for an executive vice president include financial statements, oversight and business development. The most important skills for a chief strategy officer are business development, CSO, and strategic vision.
| Executive Vice President | Chief Strategy Officer | |
| Yearly salary | $216,285 | $163,192 |
| Hourly rate | $103.98 | $78.46 |
| Growth rate | 6% | 6% |
| Number of jobs | 123,982 | 93,147 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 62% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
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.
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.
Executive vice presidents and chief strategy officers have different pay scales, as shown below.
| Executive Vice President | Chief Strategy Officer | |
| Average salary | $216,285 | $163,192 |
| Salary range | Between $118,000 And $394,000 | Between $103,000 And $257,000 |
| Highest paying City | Washington, DC | Rochester, NY |
| Highest paying state | Washington | Alaska |
| Best paying company | Gartner | Norton Rose Fulbright |
| Best paying industry | Telecommunication | Finance |
There are a few differences between an executive vice president and a chief strategy officer in terms of educational background:
| Executive Vice President | Chief Strategy Officer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive vice presidents' and chief strategy officers' demographics:
| Executive Vice President | Chief Strategy Officer | |
| Average age | 52 | 44 |
| Gender ratio | Male, 74.7% Female, 25.3% | Male, 78.6% Female, 21.4% |
| 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, 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% |