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The differences between vice presidents, corporate development 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 a vice president, corporate development and a chief operating officer. Additionally, a vice president, corporate development has an average salary of $205,849, which is higher than the $136,604 average annual salary of a chief operating officer.
The top three skills for a vice president, corporate development include due diligence, corporate strategy and financial analysis. The most important skills for a chief operating officer are healthcare, customer service, and oversight.
| Vice President, Corporate Development | Chief Operating Officer | |
| Yearly salary | $205,849 | $136,604 |
| Hourly rate | $98.97 | $65.67 |
| Growth rate | 6% | 6% |
| Number of jobs | 95,669 | 128,993 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 65% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A vice president of corporate development is responsible for implementing corporate decisions and strategies that would help the organization grow and develop to match global competitiveness. Vice presidents of corporate development monitor the operational process across the organization, identify areas of improvement, and modify project procedures according to quality standards and business requirements. They coordinate with the senior management and stakeholders to determine the necessary actions and opportunities to increase the company's revenues and market presence.
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.
Vice presidents, corporate development and chief operating officers have different pay scales, as shown below.
| Vice President, Corporate Development | Chief Operating Officer | |
| Average salary | $205,849 | $136,604 |
| Salary range | Between $128,000 And $328,000 | Between $81,000 And $229,000 |
| Highest paying City | Bothell, WA | Jersey City, NJ |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Scripps Health | Baker McKenzie |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a vice president, corporate development and a chief operating officer in terms of educational background:
| Vice President, Corporate Development | Chief Operating Officer | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between vice presidents, corporate development' and chief operating officers' demographics:
| Vice President, Corporate Development | Chief Operating Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 82.7% Female, 17.3% | Male, 76.6% Female, 23.4% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.0% 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% |