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The differences between president & chief operating officers and group vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a president & chief operating officer, becoming a group vice president takes usually requires 6-8 years. Additionally, a president & chief operating officer has an average salary of $211,982, which is higher than the $167,679 average annual salary of a group vice president.
The top three skills for a president & chief operating officer include financial performance, revenue growth and product development. The most important skills for a group vice president are financial services, healthcare, and project management.
| President & Chief Operating Officer | Group Vice President | |
| Yearly salary | $211,982 | $167,679 |
| Hourly rate | $101.91 | $80.61 |
| Growth rate | 6% | 17% |
| Number of jobs | 130,349 | 51,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.
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.
President & chief operating officers and group vice presidents have different pay scales, as shown below.
| President & Chief Operating Officer | Group Vice President | |
| Average salary | $211,982 | $167,679 |
| Salary range | Between $114,000 And $391,000 | Between $106,000 And $264,000 |
| Highest paying City | Las Vegas, NV | Seattle, WA |
| Highest paying state | Nevada | Alaska |
| Best paying company | Global Atlantic Financial Group Limited | Citi |
| Best paying industry | Construction | Finance |
There are a few differences between a president & chief operating officer and a group vice president in terms of educational background:
| President & Chief Operating Officer | Group Vice President | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between president & chief operating officers' and group vice presidents' demographics:
| President & Chief Operating Officer | Group Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 86.1% Female, 13.9% | Male, 71.5% Female, 28.5% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 12% | 11% |