Chief Operating Officer (COO) Salary

Compensation for Chief Operating Officers in the United States is generous, with average pay surpassing six figures annually ($134K). With some bonuses approaching $76K and certain profit sharing proceeds approaching $50K, overall incomes of Chief Operating Officers spread between $70K and $277K depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and more than half collect dental insurance. Making up 74 percent of those who took the survey, male Chief Operating Officers greatly outnumber their female counterparts. For the most part, Chief Operating Officers enjoy their work and report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$68,656 - $228,826

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$13.81 - $50.88

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Salary
$68,656 - $228,826  
   
Bonus
$0.00 - $75,942  
Profit Sharing
$2,025 - $50,188  
Commission
$0.00 - $81,325  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$70,203 - $277,429  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 3,872
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$13.81 - $50.88  
   
Overtime
$0.00 - $51.38  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$0.00 - $75,942  
   
Commission
$0.00 - $81,325  
Profit Sharing
$2,025 - $50,188  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$70,203 - $277,429  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 57
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Job Description for Chief Operating Officer (COO)

The Chief Operating Officer position is one of the top executive offices in any company in which the position is held. Chief Operating Officers are at the top of the chain of command and if they do have to report to anyone, it is usually only the company CEO. Chief Operating Officers hold an extremely high level of responsibility, overseeing nearly every aspect of a company's operations. Another title for this position is often President.

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Chief Operating Officer (COO) Tasks

  • Implement the strategies set by the Board of Directors and the CEO.
  • Improve operating procedures to increase profits and/or make the organization more efficient.
  • Direct the day to day operations of the organization.

Common Career Paths for Chief Operating Officer (COO)


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As Chief Operating Officers make advancements in their career path to positions such as President and COO, their salaries may climb. Presidents and COOs make $177K annually on average. A Chief Executive Officer role is the most common promotion for Chief Operating Officers moving up the ladder, and pay for the position tends to be around the $167K mark. Another typical, albeit less common, transition for Chief Operating Officers is a Chief Operations Officer position, where earnings are usually $109K.

Chief Operating Officer (COO) Job Listings

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Popular Skills for Chief Operating Officer (COO)


Chief Operating Officers report using a deep pool of skills on the job. Most notably, skills in Business Strategy, Senior Financial Management, Team Leadership, and Strategic Planning are correlated to pay that is above average, with boosts in pay of 18 percent. Those listing Accounting as a skill should be prepared for drastically lower pay. Project Management and Human Resources also typically command lower compensation. Those familiar with Operations Management also tend to know People Management, Leadership, and Budget Management.

Pay by Experience Level for Chief Operating Officer (COO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Chief Operating Officers with a rich background of experience are typically rewarded with larger paychecks. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $102K per year. Chief Operating Officers see a median salary of $153K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $178K.

Pay Difference by Location


Surpassing the national average by 35 percent, Chief Operating Officers in New York receive some of the highest pay in the country. Chief Operating Officers can also look forward to large paychecks in cities like Houston (+25 percent), Seattle (+19 percent), Minneapolis (+19 percent), and Boston (+19 percent). Austin is the lowest-paying area, 2 percent south of the national average.

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Experience Affects Chief Operating Officer (COO) Salaries



National Average
$148,000



Skills That Affect Chief Operating Officer (COO) Salaries






Leadership
up arrow 2%

National Average
$148,000

Operations Management
up arrow 1%

Business Development
up arrow 3%







Accounting
up arrow 32%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 611 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
14%
10-19 years
34%
20 years or more
38%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 65%
vision benefits Vision: 49% employee benefits None: 15%
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