$139,869
Avg. Salary
$25.46
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$24,816

Profit Sharing

$14,296

Commission

$15,384

The average pay for a Chief Operating Officer (COO) is $25.46 per hour.

The average pay for a Chief Operating Officer (COO) is $139,869 per year.

$15
10%
$25
50%
$56
90%
MEDIAN $25
$70k
10%
$140k
50%
$242k
90%
MEDIAN $139,869
$69,545 - $242,166
$70K
$140K
$240K
MEDIAN: $139,869
10%
50%
90%

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$15.07 - $56.41
$15
$25
$56
MEDIAN: $25.46
10%
50%
90%

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$0$292K
Salary $69,545 - $242,166
Bonus $3,077 - $86,264
Profit Sharing $1,490 - $51,924
Commission $715 - $77,955
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).
)
$69,944 - $292,124
  • Country: United States
  • Currency: USD
  • Updated: 5 Nov 2018
  • Individuals Reporting: 6,671
Hourly Data $0$71
Hourly Rate $15.07 - $56.41
Overtime $20.67 - $71.49
Annual Data $0$292K
Bonus $3,077 - $86,264
Commission $715 - $77,955
Profit Sharing $1,490 - $51,924
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).
)
$69,944 - $292,124
  • Country: United States
  • Currency: USD
  • Updated: 5 Nov 2018
  • Individuals Reporting: 118

Job Description for Chief Operating Officer (COO)

A chief operating officer (COO) is usually the second-highest ranking executive in a corporation. The chief operating officer is in charge of executing daily operations for the company, and is second in responsibility only to the chief executive officer (CEO). The COO's job is to help set standards for the company and work with directors and middle managers to ensure that processes, training, and quality of output of goods and services reflect these standards. They may receive constant data-based reports and overviews which include snapshots of revenues, efficiency, and even waste that can be acted upon to improve the company's performance.

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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 advance into the role of a President and COO are fairly uncommon. Presidents and COOs on average earn $178K per year. Chief Operating Officers most often move into positions as Chief Executive Officers or Presidents; those groups report median salaries that are $23K higher and $6K higher, respectively.

Chief Operating Officer (COO) Job Listings

Popular Skills for Chief Operating Officer (COO)


Chief Operating Officers report using a large range of skills on the job. Most notably, skills in Business Strategy, Team Leadership, Leadership, and Strategic Planning are correlated to pay that is above average, with boosts between 10 percent and 19 percent. Those listing Accounting as a skill should be prepared for drastically lower pay. Budget Management and Human Resources also typically command lower compensation. Most people experienced in Operations Management also know Strategic Planning, Leadership, and Budget Management.

Pay by Experience Level for Chief Operating Officer (COO)

Pay by Experience for a Chief Operating Officer (COO) has a positive trend. An entry-level Chief Operating Officer (COO) with less than 5 years of experience can expect to earn an average total compensation of $101,000 based on 668 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Operating Officer (COO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $124,000 based on 795 salaries. An experienced Chief Operating Officer (COO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $155,000 based on 1,347 salaries. A Chief Operating Officer (COO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $185,000 based on 1,152 salaries.

Pay Difference by Location

National Average: $149,947

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Chief Operating Officers, New York offers exceptional salaries, 33 percent above the national average. Chief Operating Officers can also look forward to large paychecks in cities like Atlanta (+31 percent), Seattle (+26 percent), Houston (+25 percent), and San Francisco (+24 percent). Those in the field find the lowest salaries in Miami, 4 percent below the national average.

Chief Operating Officer (COO) Advice

Q: What is it like working as a Chief Operating Officer (COO)?

Chief Operating Officer (COO) in Manhattan:
"The speed of going slow..."
Building a career takes time.

Chief Operating Officer (COO) in New York:
"COO at New York Based Startup."
Pros: I enjoy being able to create something new from the ground up. The environment is exciting and my colleagues and staff are amazing.
Cons: If you've never done it, developing an app can be very stressful and disorganized. The debugging process takes a long time and communication is an issue, especially if you outsource development overseas. It's best to have a part time developer or intern in house to make sure everything goes smoothly with the development company. They will be able to tell you if something isn't right with the process.

Chief Operating Officer (COO) in West Babylon:
"That it would take over my life and cause me to lose time."
Do your job and go home.

Chief Operating Officer (COO) in St. Petersburg:
"You have to lead while serving."
COO accepts that the job is to make the CEO successful, which in doing so makes their own contributions less visible. Demarcation of CEO + COO responsibilities are easiest when they have complimentary competencies.

Chief Operating Officer (COO) in Dallas:
"National economic trends."
Forecasting & surrounding yourself with great people is key.

Chief Operating Officer (COO) in Kearny:
"Change And Adaptability."
Be in "soft" command. Show you know your stuff without being over bearing. Show confidence in yourself, do not be afraid or hesitant to make decisions. Be in charge of change. People generally fear change. All successful businesses are always in change - lead it and lead the others.

Chief Operating Officer (COO) in Westlake Village:
"Keep A Positive Attitude."
You are a role model. What you do and how you express yourself is everything. A good work ethic and understanding your staff is critical. Your the leader and lead by example.

Related Job Salaries

Key Stats for Chief Operating Officer (COO)

Gender

Female
33 %
Male
67 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 932 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
15%
10-19 years
32%
20 years or more
38%

Experience Affects Chief Operating Officer (COO) Salaries

▲23%

▲4%

National Average
$150,000

▼18%

▼33%

Skills That Affect Chief Operating Officer (COO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 932 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
15%
10-19 years
32%
20 years or more
38%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 64%
vision benefits
Vision: 54%
no benefits
None: 16%