Is VP Higher Than COO in a Company?

In the company hierarchy, is VP higher than COO? Who has the higher rank? What are their respective job roles in a company? How much is their salary? 

Check out this post. Just keep on reading. 

What is a COO?

COO stands for Chief Operating Officer. The COO has the responsibility of running and managing the day-to-day operations of a company. 

The COO’s main duties include: 

– develop and implement strategies for business growth;

– manage the business financials;

– manage and maintain the company’s human resources; and more.

In some companies, the COO may be second in command to the CEO, while in others, the COO may be the CEO’s direct report. Some executive search firms have started using the term “COO” to refer to any executive with strong operating skills who is being groomed as a CEO candidate within a company.

What Does a COO Do?

COO is the short form of Chief Operating Officer. The main job of a COO is to oversee the day-to-day operations of a company. This includes managing the company’s financials, human resources, and other operational functions. In many cases, the COO reports directly to the CEO of the company. In some companies, the COO is second in command to the CEO.

The COO works very closely with the company’s board of directors. The board of directors is a group of leaders from different areas who advise and make decisions for a company. The board has many duties that it performs for a company. These duties include: 

– Selecting and hiring a CEO. 

– Evaluating the CEO’s work performance. 

– Making major company decisions. 

– Approving company budgets and plans

What is a VP?

VP stands for Vice President. The VP has the responsibility of leading one of the major departments of a company. The VP’s main duties include: 

– develop and oversee the implementation of strategies for the department;

– manage and maintain department’s financials;

– manage and maintain the department’s human resources; and more.

In some companies, the VP may be second in command to the President, while in others, the VP may be the President’s direct report.

What Does a VP Do? 

VP stands for vice president. A vice president has the responsibility of running one of the major departments of a company. The main job of a VP is to oversee the day-to-day operations of the department. This includes managing the department’s financials, human resources, and other operational functions. 

In many cases, the VP reports directly to the president. In some companies, the VP is second in command to the president. 

A vice president works very closely with the company’s board of directors. The board of directors is a group of leaders from different areas who advise and make decisions for a company. The board has many duties that it performs for a company. These duties include: 

Who Has the Higher Rank? 

A COO is always higher in rank than a VP. This is because the position of COO is higher in the company hierarchy than the position of VP. 

How Much Is Their Salary? 

The salary range of a COO ranges from $150,000 to $350,000 annually. On the other hand, the salary range of a VP ranges from $120,000 to $200,000 annually.

Is VP Higher Than COO – Education Requirements

The education requirement of a COO includes the following:

– Bachelor’s or Master’s degree in business administration or relevant field. 

– 7 to 15 years of work experience. 

– Certification may be required. 

The education requirement of a VP includes the following: 

– Bachelor’s degree in business administration or relevant field. 

– 5 to 10 years of work experience. 

– Certification may be required.