COOs unquestionably merit equitable compensation for their diligent efforts. What is the mean salary for a Chief Operating Officer (COO), and what is the exact compensation for a COO at a startup? This article will explore the average COO vs. CEO salary to guide you in the process of attracting and retaining the best.<\/p>\n\n\n\n
A lot of people think of the COO as the “second in command” of the company, reporting straight to the CEO. The responsibility of carrying out the company’s strategy and business plan falls on the chief operating officers. <\/p>\n\n\n\n
Typically, a company’s COO is responsible for representing the organization to external parties, while the CEO handles internal operations. So, for example, if the company gets bad press, the CEO can decide what to do and then leak the details to the public.<\/p>\n\n\n\n
By hiring and overseeing the right people, including digital marketers, DevOps engineers, and customer support reps, the COO is accountable for making sure the CEO keeps his commitments. Chief operating officers often come from sales, marketing, business development, or product management backgrounds.<\/p>\n\n\n\n
Occupations held by COOs range from director of customer success to manager, sales director to associate product manager, sales operations manager to Salesforce administrator, among several others.<\/p>\n\n\n\n
A chief operating officer’s salary at a startup is very variable and not easily quantifiable in a “one size fits all” fashion due to the many variables at play. Startup chief operating officer salaries are affected by factors such as:<\/p>\n\n\n\n
Chief Operating Officers (COOs) with more experience in the field can probably get better compensation than those just starting.<\/p>\n\n\n\n
Chief Operating Officers based in places like Silicon Valley, New York, London, etc. will require a larger income as remuneration.<\/p>\n\n\n\n
Late-stage businesses own a greater amount of capital in comparison to early-stage firms, affording them the ability to provide compensation.<\/p>\n\n\n\n
Chief Operating Officers (COOs) have the option, as we’ll talk about later, to accept a smaller compensation in return for a larger share of the company’s ownership.<\/p>\n\n\n\n
An annual compensation of more than $122,000 is typical for chief operating officer positions in U.S. startups. This figure, however, conceals a great degree of unpredictability. A chief operating officer’s salary ranges from $69,000 at the 25th percentile to $216,000 at the 90th percentile. <\/p>\n\n\n\n
Startup news website Sifted has taken a look at the other side of the Atlantic and created a salary survey for chief operating officers in the UK. On average, chief operating officers (COOs) who are not cofounders of seed-stage companies make \u00a394,500 (USD 128,000) per year, whereas COOs at Series B companies make about \u00a3135,000 ($183,000) per year.<\/p>\n\n\n\n
A Chief Operating Officer (COO) in the US can expect to earn an average of $151,203 per year. As a general rule, that amounts to around $72.69 per hour, in case you were wondering. That works out to $12,600 a month, or $2,907 per week. Chief operating officer salaries in the US can range from $111,500 (25th percentile) to $185,000 (75th percentile), with the highest earners (90th percentile) bringing in $233,000 per year. <\/p>\n\n\n\n
Salaries can be as low as $41,500 and as high as $269,500. Chief operating officer salaries can vary widely (by as much as $73,500 on average), indicating that there is room for growth and compensation increases depending on factors like experience, education, and geographic region.<\/p>\n\n\n\n
Here are ten locations where COO salaries tend to be higher than the national average. First on the list is Redwood City, California; second and third place are Bainbridge Island, Washington, and Berkeley, California, respectively.<\/p>\n\n\n\n