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Become A President & Chief Operating Officer

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Working As A President & Chief Operating Officer

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $134,540

    Average Salary

What Does A President & Chief Operating Officer Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A President & Chief Operating Officer

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Do you work as a President & Chief Operating Officer?

President & Chief Operating Officer Jobs

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Average Length of Employment
Managing Partner 5.2 years
Operating Partner 4.7 years
Managing Director 4.5 years
Vice President 4.1 years
Regional Director 3.6 years
Top Employers Before
President 7.2%
Director 4.5%
Consultant 2.8%
Manager 2.4%
Top Employers After
President 10.5%
Consultant 5.7%
Director 3.2%
Principal 3.0%
Owner 2.6%

Do you work as a President & Chief Operating Officer?

President & Chief Operating Officer Demographics

Gender

Male

83.4%

Female

14.2%

Unknown

2.4%
Ethnicity

White

65.3%

Hispanic or Latino

12.5%

Black or African American

11.6%

Asian

7.0%

Unknown

3.6%
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Languages Spoken

Spanish

37.4%

French

12.1%

Chinese

8.1%

Mandarin

6.1%

Portuguese

6.1%

Italian

5.1%

German

4.0%

Russian

3.0%

Carrier

3.0%

Japanese

3.0%

Persian

2.0%

Arabic

2.0%

Swedish

1.0%

Telugu

1.0%

Romanian

1.0%

Dutch

1.0%

Korean

1.0%

Hungarian

1.0%

Greek

1.0%

Tagalog

1.0%
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President & Chief Operating Officer Education

Schools

University of Phoenix

9.2%

Harvard University

8.5%

New York University

7.0%

Michigan State University

6.5%

University of Pennsylvania

6.2%

Pennsylvania State University

5.0%

University of Utah

5.0%

Brigham Young University

4.7%

Northwestern University

4.7%

Northeastern University

4.7%

University of Chicago

4.7%

Georgia State University

4.2%

University of Southern California

4.2%

Temple University

3.7%

Webster University

3.7%

University of Florida

3.7%

Ohio State University

3.5%

Georgetown University

3.5%

Southern Methodist University

3.5%

University of Houston

3.5%
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Majors

Business

40.6%

Finance

10.9%

Management

8.0%

Accounting

7.6%

Marketing

5.3%

Political Science

2.9%

Law

2.8%

Psychology

2.6%

Economics

2.4%

Education

2.1%

Communication

2.1%

Health Care Administration

2.1%

Electrical Engineering

2.0%

Computer Science

1.9%

Mechanical Engineering

1.2%

Human Resources Management

1.2%

History

1.2%

Nursing

1.1%

Project Management

1.1%

Public Administration

1.1%
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Degrees

Masters

36.5%

Bachelors

35.4%

Other

17.2%

Doctorate

6.2%

Certificate

2.3%

Associate

2.2%

Diploma

0.1%

License

0.1%
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Real President & Chief Operating Officer Salaries

Job Title Company Location Start Date Salary
President and Chief Operating Officer Peabody Investments Corp. Saint Louis, MO Sep 09, 2013 $800,000
President and Chief Operating Officer Peabody Investments Corp. Saint Louis, MO Aug 26, 2014 $800,000
KFC Global President and YUM COO Yum! Restaurants International, Inc. Plano, TX Dec 01, 2014 $700,000
KFC Global President and YUM COO Yum! Brands, Inc. Plano, TX Dec 01, 2014 $700,000
President and Chief Operating Officer Infinity World Development Corp Las Vegas, NV Mar 30, 2010 $500,000 -
$750,000
President and Chief Operating Officer Infinity World Development Corp Las Vegas, NV Mar 22, 2010 $500,000 -
$750,000
President and Chief Operating Officer Wilton Brands LLC Woodridge, IL Jan 16, 2013 $420,000
President and Chief Operating Officer Intercept Pharmaceuticals, Inc. New York, NY Sep 19, 2010 $350,000
President & COO, TGI Fridays International TGI Friday's Inc. Carrollton, TX Aug 11, 2010 $333,950
President & COO Nature's Sunshine Products Inc. Provo, UT Jan 02, 2012 $325,000
President-Chief Operating Officer The Uniform Superstore, Inc. Houston, TX May 15, 2012 $300,000
President and COO WUXI Nextcode Genomics USA, Inc. Cambridge, MA Apr 20, 2015 $300,000 -
$400,000
COO, Radisson and Executive VP, Managed Hotels Carlson, Inc. Minnetonka, MN Dec 19, 2011 $285,000
VP, Chief Operating Officer, Biosurgery Global Strategic UNI Sanofi Us Services Inc. Cambridge, MA Oct 09, 2016 $281,041 -
$421,561
President and Chief Operating Officer Broadreach Healthcare Arlington, VA Jan 01, 2011 $265,000
SR. Vice President & Chief Operations Officer, GLO Pepsico, Inc. NY Nov 15, 2010 $265,000
Vice President & Chief Operating Officer Sutter Health San Francisco, CA Aug 22, 2014 $257,400
Division President, Chief Operating Officer Anchor Brewers & Distillers, LLC San Francisco, CA Oct 18, 2013 $252,000
President and Chief Operating Officer The Marshall Retail Group, LLC Las Vegas, NV Jun 06, 2016 $225,035 -
$325,000
President, Chief Operating Officer New Dream Network LLC Los Angeles, CA Jan 15, 2015 $225,000
Vice President and Chief Operating Officer Oxygen Development LLC Palm Springs, FL Nov 23, 2012 $225,000
President, Chief Operating Officer New Dream Network, LLC Brea, CA Jan 22, 2013 $225,000
President and Chief Operating Officer Anchor Brewers & Distillers, LLC San Francisco, CA Oct 18, 2013 $211,349
President and Chief Operations Officer Markov Processes International Summit, NJ Oct 15, 2009 $200,000
Vice President/Coo Prestige Autotech Corporation Chino, CA Sep 15, 2011 $200,000 -
$230,400

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Top Skills for A President & Chief Operating Officer

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  1. Revenue Growth
  2. Financial Performance
  3. New Product Development
You can check out examples of real life uses of top skills on resumes here:
  • Maintained revenue growth in a declining market, operating profits at 30%, and increased productivity by over 30%.
  • Established minimum performance standards and active management protocols resulting in significant clinical, operational and financial performance improvements.
  • Developed and implemented new product development department and process needed to lead industry in surface coating technology.
  • Engage as organization Co-creator and Founder, optimizing corporate and financial strategy while securing strategic partnerships.
  • Directed new business development efforts for 3G/4G wireless telecommunications, renewable energy, and power transmission industries.

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Top President & Chief Operating Officer Employers

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Jobs From Top President & Chief Operating Officer Employers

President & Chief Operating Officer Videos

Career Advice on becoming a Chief Operating Officer by Rob S (Full Version)

Fireside Chat With John F. Milligan, PhD, President and Chief Operating Officer, Gilead Sciences

Edward L. Monser, President and Chief Operating Officer of Emerson

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