Chief Administrative Officer Salary
Chief Administrative Officers in the United States see excellent average salaries — about $112K annually. With some bonuses approaching $60K and certain profit sharing proceeds approaching $72K, overall incomes of Chief Administrative Officers spread between $63K and $230K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by career duration. The majority of Chief Administrative Officers claim high levels of job satisfaction. The majority of Chief Administrative Officers (62 percent) who took the survey are women. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
Job Description for Chief Administrative Officer
A chief administrative officer is an executive within an organization who is responsible for overseeing the operations within the business. This is a position found in a variety of industries and organizations. A chief administrative officer will generally work within an office, though some travel may be required. While this person will generally keep weekday, daytime hours, extended hours may often be necessary and expected. Many organizations require this person to have attained a master’s degree in a field such as business administration, communications, or finance. Experience within their field is a must. Most organizations do also require extensive knowledge regarding management, quality assurance, business law, marketing management, and managerial accounting.Read More...
A chief administrative officer must act as an expert within their organization and act as a representative of their company as well. This person will have a variety of responsibilities, including managing daily operations within their company, managing various departments within the organization, reporting to the CEO and directors regarding company performance, providing leadership among managers within the company, developing the company’s strategy, implementing various policies, reviewing policies, developing budgets, implementing budgets, supervising marketing, motivating staff, and preparing financial reports. This person should possess natural leadership skills and be a true team player regarding the company. He or she should have excellent time management skills, professional communication skills, decision making skills, and critical thinking skills. A chief administrative officer must always maintain a professional demeanor and act as a true representative of their organization.
Chief Administrative Officer Tasks
- Handle contract procurement and negotiation.
- Plan, administer and control budgets for contracts, equipment and supplies; review operational reports.
- Oversee facilities planning, maintenance and custodial operations internal or external service contracts.
- Oversee and direct administrative support services to align with corporate objectives; facilities, security, mail distribution, record management, and other office support services.
- Develop infrastructure, analyze current processes, recommend and implement procedural or policy changes to improve operations.
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Popular Skills for Chief Administrative Officer
Chief Administrative Officers seem to require a number of specific skills. Most notably, skills in Strategic Planning, People Management, Operations Management, and Human Resources are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Accounting, Office Management, and Project Management. Most people familiar with Human Resources also know People Management.
Pay by Experience Level for Chief Administrative Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Average salaries for inexperienced employees average out to around $79K, but folks who have five to 10 years of experience earn a higher median of $99K. Between one and two decades on the job, average salaries pass the six-figure mark at around $125K. Chief Administrative Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $150K.
Pay Difference by Location
Surpassing the national average by 90 percent, Chief Administrative Officers in Los Angeles receive some of the highest pay in the country. Chief Administrative Officers will also find cushy salaries in New York (+56 percent) and San Francisco (+25 percent). Phoenix ranks last in the field for pay, reporting salaries 14 percent below the national average.