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The differences between group vice presidents and chief operating officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a group vice president, becoming a chief operating officer takes usually requires More than 10 years. Additionally, a group vice president has an average salary of $167,679, which is higher than the $136,604 average annual salary of a chief operating officer.
The top three skills for a group vice president include financial services, healthcare and project management. The most important skills for a chief operating officer are healthcare, customer service, and oversight.
| Group Vice President | Chief Operating Officer | |
| Yearly salary | $167,679 | $136,604 |
| Hourly rate | $80.61 | $65.67 |
| Growth rate | 17% | 6% |
| Number of jobs | 51,499 | 128,993 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
A group vice president is primarily in charge of implementing an organization or group's policies and regulations, including its vision and mission. Most of the time, they directly report progress to the president and assist in carrying out new programs and protocols that optimize the overall business procedures. Their responsibilities also include researching new business opportunities, developing solutions on organizational issues, setting goals and objectives, overseeing the performance of the workforce, and monitoring the workflow to ensure efficiency and growth.
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.
Group vice presidents and chief operating officers have different pay scales, as shown below.
| Group Vice President | Chief Operating Officer | |
| Average salary | $167,679 | $136,604 |
| Salary range | Between $106,000 And $264,000 | Between $81,000 And $229,000 |
| Highest paying City | Seattle, WA | Jersey City, NJ |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Citi | Baker McKenzie |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a group vice president and a chief operating officer in terms of educational background:
| Group Vice President | Chief Operating Officer | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between group vice presidents' and chief operating officers' demographics:
| Group Vice President | Chief Operating Officer | |
| Average age | 46 | 52 |
| Gender ratio | Male, 71.5% Female, 28.5% | Male, 76.6% Female, 23.4% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 11% | 12% |