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Chief Operating Officer (COO) Salary

On average, Chief Operating Officers in the United States earn six-figure salaries ($134K) annually, making for a very well-paid profession. In the world of Chief Operating Officers, total cash compensation can vary between $70K and $282K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $78K and $51K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Most Chief Operating Officers survey respondents are men (75 percent). Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to nearly one-half. The numbers in this rundown were provided by PayScale's salary survey participants.
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$68,515 - $231,131
(Median)
$69K
$130K
$230K
MEDIAN: $133,739
10%
50%
90%

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$15.00 - $49.93
(Median)
$15
$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
$68,515 - $231,131  
   
Bonus
$305.21 - $78,243  
Profit Sharing
$2,051 - $50,619  
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).
)
$70,400 - $282,068  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 3,860
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
$15.00 - $49.93  
   
Overtime
$0.00 - $52.50  
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
$305.21 - $78,243  
   
Commission
$0.00 - $85,072  
Profit Sharing
$2,051 - $50,619  
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).
)
$70,400 - $282,068  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 49

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United States (change)


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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 who go on to become Presidents and COOs may see their salaries climb quite a bit. Median pay for Presidents and COOs is $178K annually. With an annual salary of $168K, Chief Executive Officer is the most common role for Chief Operating Officers to subsequently assume on their way up the ladder. Transitioning into a Chief Operations Officer role — which usually pays $109K — is also typical for Chief Operating Officers, though less common by comparison.

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 Business Strategy, Senior Financial Management, Team Leadership, and Strategic Planning are correlated to pay that is above average, with boosts between 17 percent and 20 percent. Those listing Accounting as a skill should be prepared for drastically lower pay. Human Resources and Project Management also typically command lower compensation. Most people who know Operations Management also 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.


For many Chief Operating Officers, more experience generally translates to higher pay. Salaries can reach six figures almost right off the bat; beginning workers who have less than five years' experience bring in a median of $102K per year. Chief Operating Officers bring in $152K after working for 10 to 20 years. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $179K.

Pay Difference by Location


For those looking to make money, Chief Operating Officers in New York enjoy an exceptional pay rate, 36 percent above the national average. Chief Operating Officers can also look forward to large paychecks in cities like Boston (+33 percent), Houston (+26 percent), Minneapolis (+21 percent), and Washington (+19 percent). Austin is home to the smallest salaries in the field, lagging the national average by 5 percent.

Related Job Salaries

United States (change)

Experience Affects Chief Operating Officer (COO) Salaries



National Average
$148,000



Skills That Affect Chief Operating Officer (COO) Salaries






Leadership
up arrow 3%

National Average
$148,000

Operations Management
up arrow 2%

Business Development
up arrow 3%







Accounting
up arrow 43%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 689 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
14%
10-19 years
34%
20 years or more
39%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 66%
vision benefits Vision: 49% employee benefits None: 14%
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