Chief Operating Officer Average Salary in India 2023 The Complete Guide

If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive. Chief Operating Officer salaries will vary a lot based on your experience, location, skills, and gender. Listed above are the average annual increase rates for each industry in India for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises.

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase. This is the average salary including housing, transport, and other benefits. Chief Operating Officer salaries in India vary drastically based on experience, skills, gender, or location.

Chief Operating Officer Average Salary in India 2023

It also explains how job functions differ between an operations director and a president. As mentioned above to become a chief operating officer you must have a list of important skills. Thus you are first required to investigate a Chief operating officer’s job role and responsibilities. For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%. Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals. You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

However, the salaries offered to the Chief operating officer depend upon various factors such as location, experience, job profiles, and much more. The average salary offered to the Chief operating officer in India to freshers is INR 29.30 lakhs per annum. Indian chief executive officers (CEOs) head some of the biggest companies in the world when ranked by market capitalization, with a presence that’s heavily felt in the technology (tech) sector. For example, under the direction of CEO Satya Nadella, Microsoft’s market capitalization reached $2.27 trillion as of May 2023.

Remote COO salaries in Oman

A chief executive officer is responsible for various operations in an organization. In simple terms, a chief executive officer is a senior executive in an organization responsible for looking at business operations on a daily basis. Being one of the highest positions in an organization after CEO, COO is among India’s highest-paying jobs. COO is a pivotal leadership role within an organization that helps drive outstanding results, smoothly carry out all the daily activities and improve efficiency. As mentioned above, there are numerous reasons for pursuing a job opportunity as a COO in an organization.

Many, though not all, are Indian-born and pursued higher education in the U.S. They’re all considered innovators in their respective fields, and finally, the vast majority are male. India has emerged as a key player in the global economic market, becoming the ninth largest trading partner of the United States in 2021. Bilateral trade for U.S.-Indian goods reached $159.1 billion in 2021, and Indian gross domestic product (GDP) is expected to grow by 5.9% in 2023. To be considered for a COO position, one needs a combination of education and significant experience. Knowing how to answer salary expectations questions is an important part of your job interview process.

Download your salary guide for 2023.

The chief operating officer (COO) of a company is second in command, reporting to the chief executive officer (CEO). While a CEO is concerned with long-term business goals, the COO is focused more on implementing company strategies into daily operations to meet objectives. Chief operating officer responsibilities and salary will vary depending on the company, and the role is often influenced by the CEO’s personal management style. It’s important for the CEO and COO to be efficient collaborators and work in tandem to steward the company with the best leadership. To attract and retain an ideal chief operation officer for your company, create a detailed job description. You can use the template below as a starting point and tailor it to your individual needs.

A Chief Executive Officer (CEO) is the company’s highest-ranking executive, whereas a Chief Operating Officer (COO) is the company’s second-highest-ranking executive and reports to the CEO. The CEO is the company’s public face and is in charge of all external communications. A chief operating officer (COO) is in charge of the company’s day-to-day operations. The compensation of a Chief Operating Officer is determined by the number of years of experience as well as the nation in which they work.

What is a chief executive officer do?

These salaries represent the average range considering a number of variables (industry, location, level of seniority etc.). This is a vital function in any company, although it is more common in large ones. The function assists the Chief Executive Officer in steering the organisation toward the CEO’s and board of directors’ vision and strategy. It usually has a significant amount of expertise in the business line for which they are employed, as the position requires hands-on execution abilities, people management, and financial budgeting, to mention a few. These are powerful, proactive, and influential leaders, and their ability to succeed in their roles is dependent on the trust of their CEO and Board of Directors, as well as the devotion of their team members.

Look at job-search resources like Indeed, Monster, and Glassdoor for available positions. You may have better prospects by gaining COO experience at smaller companies before applying to larger, more established organizations. If you believe you have the work experience and coo salary in india educational background for the position, read COO job descriptions and highlight relevant work experience that can qualify you. Gearing your resume in this way can also reveal other areas in which you may need to broaden your experience before applying for COO jobs.

That is quite an investment.You can’t really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.Many people pursue higher education as a tactic to switch to a higher-paying job. To get an accurate estimate of the annual salary range for COO positions, ZipRecruiter continuously scans its database of millions of active jobs posted across the United States.

• Employees with less than two years of experience earn approximately 30,600 INR.
• After completing all the mentioned steps, you are ready to pursue a career as a chief operating officer in India.
• While Narasimhan’s tenure with Starbucks has been short so far, he has already proved his abilities in leadership roles.
• There were roughly 292,500 chief executives (including CEOs, COOs, and CFOs) working in the U.S. in 2020.
• Before joining the company in 2012, Devgan was a corporate vice president and member of the executive staff at Magma Design Automation.
• We have researched the average chief operating officer salary based on years of experience to give you an idea of how the average changes once you’ve worked for a certain amount of time.

Meanwhile, Indian-American executive Sundar Pichai has steered Alphabet (formerly Google) to a market cap of $1.36 trillion. To give you an idea of what to expect, here are the 10 companies that pay the highest salaries for COOs in the United States. Salary estimates are based on 4,922 salaries submitted anonymously to Glassdoor by COO employees. In addition to directing the planning and development of an organization’s operational objectives and initiatives, COOs may also be responsible for overseeing other departments. We have identified at least five jobs related to the COO job category that pay more per year than a typical COO salary. Salary.com provides trusted global salary data in over 100 countries to organizations like yours to attract and retain top talent.