Chief Operating Officer (COO) Salary

Six-figure salaries are the norm for Chief Operating Officers in the United States, with median pay hovering around $133K per year. Total cash earnings of Chief Operating Officers range from $70K on the low end to $275K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $75K and $50K, respectively. Experience level is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and more than half earn dental coverage. For the most part, Chief Operating Officers enjoy their work and report high levels of job satisfaction. Most Chief Operating Officers survey respondents are men (74 percent). This overview is based on answers to PayScale's salary questionnaire.
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$68,363 - $227,872
(Median)
$68K
$130K
$230K
MEDIAN: $132,740
10%
50%
90%

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$13.58 - $51.50
(Median)
$14
$23
$51
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
$68,363 - $227,872  
   
Bonus
$0.00 - $75,362  
Profit Sharing
$2,020 - $50,104  
Commission
$0.00 - $82,297  
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).
)
$70,119 - $275,479  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 3,847
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
$13.58 - $51.50  
   
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
$0.00 - $75,362  
   
Commission
$0.00 - $82,297  
Profit Sharing
$2,020 - $50,104  
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).
)
$70,119 - $275,479  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 55
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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 $177K annually. More often than not, a Chief Executive Officer role is the next step for Chief Operating Officers moving up in the field. Chief Executive Officers usually make $167K per year. Many other Chief Operating Officers choose to take on a Chief Operations Officer role, where salaries are typically $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 Business Strategy, Team Leadership, Senior Financial Management, and Strategic Planning are correlated to pay that is above average, with boosts between 16 percent and 19 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 proficient in Operations Management are, more often than not, also skilled 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 rich background of experience are typically rewarded with larger paychecks. Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $102K per year. Chief Operating Officers see a median salary of $152K after reaching one to two decades on the job. Chief Operating Officers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $178K.

Pay Difference by Location


Home to some of the best pay for Chief Operating Officers, New York offers exceptional salaries, 35 percent above the national average. Chief Operating Officers can also look forward to large paychecks in cities like Houston (+26 percent), Minneapolis (+20 percent), Seattle (+20 percent), and Boston (+19 percent). With compensation 2 percent below the national average, Austin is not known for hefty paychecks and actually represents the lowest-paying market.

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Experience Affects Chief Operating Officer (COO) Salaries



National Average
$147,000



Skills That Affect Chief Operating Officer (COO) Salaries






Leadership
up arrow 3%

National Average
$147,000

Operations Management
up arrow 1%

Business Development
up arrow 3%







Accounting
up arrow 37%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 626 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: 83% dental benefits Dental: 64%
vision benefits Vision: 49% employee benefits None: 15%
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