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Chief Operating Officer (COO) Salary

Average pay for a Chief Operating Officer in the United States is considerable, rounding six figures at $133K per year. Total incomes of Chief Operating Officers incorporate potential for, in a few cases, more than $78K from bonuses and close to $51K from profit sharing; these performance components cause packages to range between $70K and $283K. Career length is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and the greater part collect dental insurance. Generally, women make up less than a third of all Chief Operating Officers who answered the questionnnaire. Most Chief Operating Officers like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.
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$68,314 - $231,341
(Median)
$68K
$130K
$230K
MEDIAN: $133,455
10%
50%
90%

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$14.19 - $49.75
(Median)
$14
$23
$50
MEDIAN: $22.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$68,314 - $231,341  
   
Bonus
$-0.14 - $78,105  
Profit Sharing
$2,039 - $50,725  
Commission
$0.00 - $85,072  
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).
)
$70,158 - $282,704  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 3,867
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$14.19 - $49.75  
   
Overtime
$0.00 - $51.78  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$-0.14 - $78,105  
   
Commission
$0.00 - $85,072  
Profit Sharing
$2,039 - $50,725  
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).
)
$70,158 - $282,704  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 51
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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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Chief Operating Officers may experience a large salary bump if they progress into a role such as President and COO. The latter position pays an average of $178K annually. The most common promotion for Chief Operating Officers is Chief Executive Officer, a position that typically pays $168K annually. Another standard transition for Chief Operating Officers seeking advancement is to assume a Chief Operations Officer role, where pay is often $109K.

Chief Operating Officer (COO) Job Listings

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Popular Skills for Chief Operating Officer (COO)


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Senior Financial Management, Business Strategy, Team Leadership, and Strategic Planning are correlated to pay that is above average, with boosts between 18 percent and 19 percent. Those listing Project Management as a skill should be prepared for drastically lower pay. Human Resources and Marketing Management also typically command lower compensation. Those educated in Operations Management tend to be well versed in 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 lot of experience tend to enjoy higher earnings. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $102K per year. Chief Operating Officers bring in $153K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $179K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Home to some of the best pay for Chief Operating Officers, New York offers exceptional salaries, 36 percent above the national average. Chief Operating Officers can also look forward to large paychecks in cities like Boston (+34 percent), Houston (+28 percent), Minneapolis (+21 percent), and San Francisco (+20 percent). Austin is home to the smallest salaries in the field, lagging the national average by 5 percent.

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Experience Affects Chief Operating Officer (COO) Salaries



National Average
$148,000



Skills That Affect Chief Operating Officer (COO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 669 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
33%
20 years or more
39%

Common Health Benefits

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