Management teams are composed of different individuals who oversee the performance of the department they lead. One may oversee finance, while another may oversee marketing or human resources, or legal processes. One member may handle information technology, while another may be assigned to oversee the overall operations. Sometimes, one member of the team may have dual roles, such as being both the president and the chief operating officer.
Presidents and chief operating officers are high-ranking officials in a company, if not the highest-ranking. They run the whole company and are in charge of the execution of the company's strategic plans. They also make crucial company decisions and set directives. In addition, they manage the operations side of the business. They create plans to improve operations efficiency and ensure that these plans are implemented.
If you have high business acumen, a strategic mindset, and leadership capabilities, you might be born to lead companies. Just make sure you persevere and make connections with the right people.
There is more than meets the eye when it comes to being a president & chief operating officer. For example, did you know that they make an average of $101.96 an hour? That's $212,077 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many president & chief operating officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed leadership skills, management skills and problem-solving skills.
When it comes to the most important skills required to be a president & chief operating officer, we found that a lot of resumes listed 10.9% of president & chief operating officers included financial performance, while 8.6% of resumes included revenue growth, and 7.3% of resumes included business development. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the president & chief operating officer job title. But what industry to start with? Most president & chief operating officers actually find jobs in the health care and finance industries.
If you're interested in becoming a president & chief operating officer, one of the first things to consider is how much education you need. We've determined that 69.0% of president & chief operating officers have a bachelor's degree. In terms of higher education levels, we found that 20.1% of president & chief operating officers have master's degrees. Even though most president & chief operating officers have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a president & chief operating officer. When we researched the most common majors for a president & chief operating officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on president & chief operating officer resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a president & chief operating officer. In fact, many president & chief operating officer jobs require experience in a role such as vice president. Meanwhile, many president & chief operating officers also have previous career experience in roles such as senior vice president or president.