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Chief Operating Officer (COO) Salary

Chief Operating Officers in the United States can look forward to a sizeable six-figure salary — around $148K per year on average. Total cash compensation to Chief Operating Officers bottoms out near $72K and approaches $277K on the high end; the biggest paychecks include approximately $75K from bonuses and almost $51K from profit sharing. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most Chief Operating Officers survey respondents are men (75 percent). A large number report receiving medical coverage from their employers and the greater part collect dental insurance. Job satisfaction for Chief Operating Officers is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
$69,444 - $227,870
(Median)
69K
96K
130K
180K
230K
MEDIAN: $133,240
10%
25%
50%
75%
90%

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$12.74 - $49.67
(Median)
13
18
22
34
50
MEDIAN: $22.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$69,444 - $227,870  
   
Bonus
$592 - $74,705  
Profit Sharing
$2,507 - $50,796  
Commission
$0.00 - $97,444  
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).
)
$71,922 - $276,797  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 3,829
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
$12.74 - $49.67  
   
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
$592 - $74,705  
   
Commission
$0.00 - $97,444  
Profit Sharing
$2,507 - $50,796  
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).
)
$71,922 - $276,797  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 46
United States (change)

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 transition into an upper level President and COO position may earn higher paychecks. The median income for that position is $178K per year. Going from Chief Operating Officer to Chief Executive Officer is the transition that occurs most often in this field, where the paychecks are $167K. Many others choose to work as Non-Profit Organization Chief Operating Officers, where pay is typically $89K.

Chief Operating Officer (COO) Job Listings

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Popular Skills for Chief Operating Officer (COO)


Chief Operating Officers report using a large range of skills on the job. Most notably, facility with Business Strategy, Senior Financial Management, and Team Leadership are correlated to pay that is significantly above average, leading to increases of 21 percent, 20 percent, and 19 percent, respectively. Those listing Accounting as a skill should be prepared for drastically lower pay. Project Management and Human Resources also typically command lower compensation. The majority of those 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. People who have worked for fewer than five years earn around $108K, and folks with five to 10 years of experience see a modestly higher median of $122K. The average pay reported by folks with 10 to 20 years of experience is around $153K. Seasoned veterans with 20 years under their belts enjoy a median income of $178K.

Pay Difference by Location


Boston offers some of the highest pay in the country for Chief Operating Officers, 36 percent above the national average. Chief Operating Officers will also find cushy salaries in New York (+33 percent), Houston (+27 percent), Denver (+21 percent), and Washington (+20 percent). Phoenix is the lowest-paying area, 1 percent south of the national average.

Related Job Salaries

Experience Affects Chief Operating Officer (COO) Salaries



National Average
$148,000



Skills That Affect Chief Operating Officer (COO) Salaries



Team Leadership
up arrow 19%



Leadership
up arrow 4%

National Average
$148,000

Operations Management
up arrow 3%

Business Development
up arrow 3%







Accounting
up arrow 39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 844 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 67%
vision benefits Vision: 49% employee benefits None: 14%