What does a COO Chief Operating Officer do?
The Chief Operating Officer is responsible for the day-to-day operational and administrative functions of a company. COOs oversee an organisation’s internal affairs, including building teams, supervising the creation of new businesses and monitoring investments. The COO also helps develop a culture that aligns with the company’s mission and vision, communicate policies to employees and implement the plans of management.
COO Chief Operating Officer skills and qualifications
A successful Chief Operating Officer candidate will have various prerequisite skills and qualifications needed to perform duties effectively, these include:
- Proven experience in a senior management role
- In-depth knowledge of managing multi-disciplinary teams, including experience of human resources, marketing, strategic planning and corporate finance
- Ability to manage comprehensive budgets and business operations
- Exceptional leadership and organisational skills
- Excellent written, verbal and presentation communication skills
- Proficiency in business development
- Ability to work with data analysis tools, accounting software and industry-specific technologies
- Experience in raising capital for business
COO Chief Operating Officer experience requirements
The experience requirements of COOs depend on the scope of their responsibilities and the size of the employer. Most employers require COOs to have at least five years of experience in a managerial position, but large companies may require up to 15 years in a managerial role. It’s also essential for Chief Operating Officers to have experience in diverse aspects of their company’s operations, including finance, sales, human resources and product development. In specialised industries, such as engineering, pharmaceuticals and medicine, an ideal Chief Operating Officer will have several years of experience and advanced educational qualifications in the field.
COO Chief Operating Officer education and training requirements
COOs require at least a bachelor’s degree in business administration, business management, finance or other relevant disciplines. Some employers may require COOs to have a postgraduate degree or professional certifications in their field. A Master of Business Administration is also a common requirement in many industries. Chief Operating Officers may also require an accounting qualification and in-depth knowledge of marketing, financial analysis, information technology and other areas of their company’s operations. Some organisations choose their COO from a pool of experienced senior management executives.
COO Chief Operating Officer salary expectations
According to Indeed Salaries, the average salary for a Chief Operating Officer in the UK is £83,245 per year. Actual pay may depend on the employer, industry, location, job duties, responsibilities, experience and qualifications.
Job description samples for similar positions
Here are job description samples for similar positions if you are not looking to recruit a Chief Operating Officer: