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The differences between owner and chief executive officers and chief operating officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both an owner and chief executive officer and a chief operating officer. Additionally, a chief operating officer has an average salary of $136,604, which is higher than the $91,613 average annual salary of an owner and chief executive officer.
The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for a chief operating officer are healthcare, customer service, and oversight.
| Owner And Chief Executive Officer | Chief Operating Officer | |
| Yearly salary | $91,613 | $136,604 |
| Hourly rate | $44.04 | $65.67 |
| Growth rate | 6% | 6% |
| Number of jobs | 198,481 | 128,993 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 65% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A business owner can function as the chief executive officer (CEO) of his/her /her own company. Primarily, business owners derive their income or profit from business operations regardless of whether they are participating in its management. A CEO can be a paid executive whose primary job is to guide a company's day-to-day business activities. Owners are responsible for overseeing their company's ongoing evolution while a CEO's primary role is to control these activities. The CEO also develops strategies and tactics and communicates the company's direction to both employees and managers.
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.
Owner and chief executive officers and chief operating officers have different pay scales, as shown below.
| Owner And Chief Executive Officer | Chief Operating Officer | |
| Average salary | $91,613 | $136,604 |
| Salary range | Between $65,000 And $127,000 | Between $81,000 And $229,000 |
| Highest paying City | - | Jersey City, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | Baker McKenzie |
| Best paying industry | - | Manufacturing |
There are a few differences between an owner and chief executive officer and a chief operating officer in terms of educational background:
| Owner And Chief Executive Officer | Chief Operating Officer | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner and chief executive officers' and chief operating officers' demographics:
| Owner And Chief Executive Officer | Chief Operating Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 68.8% Female, 31.2% | Male, 76.6% Female, 23.4% |
| 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, 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 | 12% | 12% |