Chief Development Officer (CDO) Salary
|Salary||$71,176 - $186,942|
|Bonus||$0.00 - $51,064|
|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).)
|$70,793 - $197,361|
Job Description for Chief Development Officer (CDO)
The chief development officer plays an important role in most non-profit companies and organizations related to coordinating volunteers and funding. It is typically a high-ranking executive position. This individual is tasked with the responsibility of seeing to an organization’s development and success. The chief development officer, or CDO, most commonly works under the CEO, or chief executive officer. The CDO also works mainly with the development board.Read More...
The work is mostly mental. The chief development officer is responsible for creating short and long term strategies to ensure the organization’s growth and success. The CDO is also responsible for noticing and solving any types of issues that might hamper the organization's growth and success. A CDO also has the duty of overseeing certain internal procedures within the organization to ensure progress. Generally, CDOs work in an office setting for charitable or educational organizations, where computer literacy is a necessity.
A master’s degree in business is typically required for this position. Sometimes, a degree in public policy is also required. A Certified Fundraising Professional certification is usually desired. A minimum of two years of management experience is usually required, with up to ten years of experience in similar organizations. Chief development officers typically work long hours, due to their senior management positions, and they therefore need to have a high work ethic. (Copyright 2017 PayScale.com)
Chief Development Officer (CDO) Tasks
- Plan, coordinate and assure implementation of strategies to develop donors and contributions in support of the organization.
- Ensure that philanthropy and fund development are carried out in keeping with the organization's values, mission, vision and plans.
- Recommend short- and long-range fund development plans and programs that support the organization's values, mission and objectives.
- Maintain accountability and compliance standards for donors and funding sources.
- Participate in short- and long-term strategic and operational planning for the organization.
Chief Development Officer (CDO) Job Listings
Pay by Experience Level for Chief Development Officer (CDO)
Pay by Experience for a Chief Development Officer (CDO) has a positive trend. An entry-level Chief Development Officer (CDO) with less than 5 years of experience can expect to earn an average total compensation of $73,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Development Officer (CDO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $93,000 based on 64 salaries. An experienced Chief Development Officer (CDO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $112,000 based on 133 salaries. A Chief Development Officer (CDO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $142,000 based on 82 salaries.
Pay Difference by Location
For those looking to make money, Chief Development Officers in Houston enjoy an exceptional pay rate, 62 percent above the national average. Chief Development Officers can also look forward to large paychecks in cities like New York (+26 percent), Washington (+22 percent), Boston (+17 percent), and San Francisco (+15 percent). Chief Development Officers in New Orleans report much lower salaries than the rest of the country — 33 percent below the national average — proving that residence is a major factor in overall pay. Employers also pay below the national average in Austin (33 percent lower) and Indianapolis (23 percent lower).
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Key Stats for Chief Development Officer (CDO)
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