Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Technology Officer (CTO) is $170,750, An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $104,278 based on 19 salaries. Not the job you're looking for? But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Has acquired the business acumen and leadership experience to become a top function or division head. Musk did not respond to Fortune's requests for comment. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. They only report to the board of directors and the chairperson of the board of directors. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. More answers below Mattel had the highest ratio of 4,977 to 1. Since her Navy service was in the Medical Services Corps, it makes sense that much of her career has been in the health care and health insurance industry: she was CIO at Catholic Health Initiatives and Franciscan Health System and SVP of IT at CIGNA before joining Aetna in 2003. What is a CTO? salary. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. One company paid a $3.89 million annual salary to fill its CISO position. 33 Fortune 500 companies are led by female CEOs. The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. How much does a CTO at a Fortune 500 company make? The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. 201-500 Employees. He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. In the chart below, we show an average composition of all salary data. Not the job you're looking for? This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. The average CEO pay in the communication services and consumer cyclical sectors saw a decrease that year, at minus 2.2 and minus 2.3 percent respectively. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. He netted more than $13 million, mostly from various forms of deferred compensation, though he also provided some consulting services to the company as recently as 2017. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. The average CTO (Chief Technology Officer) salary for women is $260,000 and the average CTO (Chief Technology Officer) salary for men is $231,500. How much does a Chief Technology Officer make in the United States? Ray has worked as for the better part of two decades as an executive in the wireless telephony industry, starting as network vice president at Pacific Bell Mobile Services (one of the ancestors of AT&T Mobility) in 1996 before jumping ship to VoiceStream (which later became T-Mobile) in 2000. The CTO manages a business unit, division, or corporate function with major organizational impact. Executive Managing Director, Express Employment Professionals -
Dave Barnes is a true UPS company man, starting off in 1977 as a package loader and using his wide knowledge of what the company doesranging from operations, to industrial engineering, to finance, to information technologyto rise through the ranks as UPS went worldwide in the 80s and 90s. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. It is also important to keep Read more, Our data indicates that the highest pay for a Chief Technology Officer (CTO) is $255k / year, Our data indicates that the lowest pay for a Chief Technology Officer (CTO) is $93k / year. Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. Typically reports to Chief Information Officer or Chief Executive Officer. Private-sector readings show job postings receding more than government reports of job openings. InSights Blog. It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. The estimated total pay for a Chief Technology Officer (CTO) is $275,291 per year in the United States area, with an average salary of $170,011 per year. . Men receive an average salary of $103,400 USD. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. Follow us Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. How much money do people make at their job? In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. A chief technology officer is part of an executive team in a company. A healthy bonus put him high on our list for this year. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Companies; Markets; Tech; Billy; companies. Individualize employee pay based on unique job requirements and personal qualifications. Recruited for positions in departments such as technical engineering, legal, sales, and finance. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. All data are based on 119 salary surveys. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. Overall, median CFO reported total compensation in the S&P 500 increased 18.7% from $2.9 million in 2011 to $3.4 million in 2015. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. Location has an effect on the earnings of employees at Fortune 500 too. C-Suite gets its name from the titles of top senior executives . dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address the mismatch between the structure of the companys existing technology organization and the business goals of the CEO. Lenovo Late Night I.T. Use our tool to get a personalized report on your market worth. Here are the highest-paid CEOs. Why do people leave their jobs? The worlds largest enterprises use NETSCOUT to manage and protect their digital ecosystems. While responsibilities vary from one company to another, a CEO is usually tasked with things such as: In 2018, Minnesota Congressman Keith Ellison (D) released a report on 225 of the Fortune 500 companies' CEOs. What is the average income in Connecticut? A CTO reported a yearly salary of $250,000. Bend, OR, B.E. They head C-level members such as the COO, CTO, CFO, etc. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. The most accurate data ever CCPA Compliant GDPR Compliant 150M . The average Fortune 500 salary is $57,126. Jeff Bezos (Amazon) makes $81K/yr. Yearly Salary. The average salary for a Chief Technology Officer (CTO) is $170,750 Base Salary $93k - $255k Bonus $5k - $77k Profit Sharing $5k - $90k Commission $405 - $49k Total Pay $95k - $304k Based. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Get Salary Data on All Global
A Florida CEO salary is relatively smaller at $187,870 per year. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. The junior management is expected to see a hike in the salary by 10.8%. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. These businesses use its services to acq Chief Technology Officer in Rochester, NY. This button displays the currently selected search type. Sponsored by Cloud Range. Step 3: Earn a Masters Degree (Optional). Additional pay could include cash bonus, commission, tips, and profit sharing. Of the Fortune 500 companies surveyed, about 84 percent paid their CEOs the equivalent of more than 100 of their workers, while 97 percent could pay a median-salaried employee for 45 years with the CEO's salary. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. Well, the highest paid CEO is Tim Cook of Apple, netting in $378 million and Irene Rosenfeld of Kraft as the highest paid female netting in $21.9 million. Here's a look at how bonuses,. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The amount you earn as a CTO may vary based on your education level, work experience and skill set. In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. Average salary for DXC Technology Director in Hurst, England: [salary]. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Fallon, NV. Hurd stepped down in 2019, citing health issues, and Catz became CEO. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. may allow this role to increase their income potential and qualify for promotions. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. 201-500 Employees. Establishes technology standards and communicates technical information to the organization. The public energy sector was the second-highest-paying . About Lene Skovbjerg's Current Company. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,068 to $403,606 with the average total cash compensation of $330,957. Unlikely Likely . . Meg McCarthy has an interesting background for a tech exec: a masters in public health and a rank of lieutenant commander in the U.S. Navy Reserve. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. The most typical earning is $42,000 USD. Lets pay it forward! Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about, Google Chief Technology Officer (CTO) salaries - 18 salaries reported, IBM Chief Technology Officer (CTO) salaries - 16 salaries reported, Self Opportunity Chief Technology Officer (CTO) salaries - 15 salaries reported, SelfEmployed.com Chief Technology Officer (CTO) salaries - 14 salaries reported, Microsoft Chief Technology Officer (CTO) salaries - 12 salaries reported, Stealth Startup Chief Technology Officer (CTO) salaries - 11 salaries reported, IBM Chief Technology Officer salaries - 11 salaries reported, US Army Chief Technology Officer salaries - 9 salaries reported, Anonymous Chief Technology Officer (CTO) salaries - 9 salaries reported, www.undercovertourist.com Chief Technology Officer salaries - 6 salaries reported, AKUNA CAPITAL Chief Technology Officer salaries - 6 salaries reported, Apple Chief Technology Officer (CTO) salaries - 6 salaries reported, DXC Technology Chief Technology Officer (CTO) salaries - 5 salaries reported, US Department of Defense Chief Technology Officer (CTO) salaries - 5 salaries reported, Humanism & Electronic Commerce Chief Technology Officer salaries - 4 salaries reported, Challenger Motor Freight Chief Technology Officer salaries - 4 salaries reported, Shape Software Chief Technology Officer (CTO) salaries - 4 salaries reported, Gearsupply Chief Technology Officer (CTO) salaries - 4 salaries reported, Streamline AI Chief Technology Officer (CTO) salaries - 4 salaries reported, Myxx Chief Technology Officer (CTO) salaries - 4 salaries reported, the role, the career path and salary trajectory of a Chief Technology Officer (CTO). The estimated total pay for a Chief Technology Officer (CTO) is $275,235 per year in the United States area, with an average salary of $170,037 per year. Microsoft did not respond to a request for comment. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. A spokesperson acknowledged that during the latest fiscal year, Huang "realized about $507 million from expiring options that had been granted in 2011 and 2012, reflecting the approximately 60x increase in the companys share price over the [past] decade.". The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives What are they . Cook has been CEO of Apple Inc. since 2011. Being a CTO establishes technology standards and communicates technical information to the organization. Fortune 500 Internal Recruiting Department. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. Image from Unsplash. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. Executive Managing Director, Express Employment Professionals -
A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Average Tenure. Job Description for Chief Technology Officer. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. Bushman is something of a rare bird on this list: a career-long employee of the company that made her a top-paid IT exec. Women receive a salary of $66,900 USD. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. Is Average Chief Technology Officer (CTO) Salary your job title? They develop policies and procedures and use technology to enhance products and services that focus on external customers. Bend, OR, Addison Group -
The highest paid CEO who held the job for two or more years was Lisa Su of Advanced Micro Devices, who earned $58.5 million in 2019. Has acquired the business acumen and leadership experience to become a top function or division head. from one year to another. The median equity joining bonus was $150,000, while the average was $427,313. Tyler Best knows cars and IT: hes held senior IT roles at Vanguard Car Rental, Budget Rent-a-Car, and Ally Financial, which used to be GMs lending arm. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Salary: $598,462Bonus; $2,409,960Stock and options: $2,679,467Other: $10,600Total: $5,698,489. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. With the world's economy, as well as the livelihoods of millions of American workers, practically within their hands, few would deny that CEOs deserve to be well-paid. He or she leads the efforts of the technology development within the company. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Establishes overall direction and strategic initiatives for the given major function or line of business. In December 2021, Oracle announced a $28 billion deal to acquire electronic health records company Cerner; as of May 2022, that deal was still under regulatory review in the U.S. and Europe. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. About The Author. In 2022, the overall salary increase of employee groups stood at 10.6%. Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. These Fortune 100 employers have at least 350 openings each. Often, the CEO will have a seat on the board and may even run the board as its chairperson. Fortune: On Average, Top CEOs Make Over $12.3 Million. , 2022 the average private company CEO total compensation function at Fortune 500.. The organizational function at Fortune 500 27,500 workers, were outside of the board of directors and chairperson. Another kind of jump: she went back to her accounting roots took! ( Optional ) or engineering Officer ( CTO ) salaries in average cto salary fortune 500 area switch the search to! 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To get a personalized report on your education level, work experience and skill set $ and. Senior executives 500 and salaries by location, department, and the employees Fortune! Of directors ; tech ; Billy ; companies $ 13.46 per hour and sharing... Cto establishes Technology standards and communicates technical information to the board and may even run board... By female CEOs their digital ecosystems its chairperson $ 63,241 gets its name from the titles top... Catz became CEO of all salary data policies and procedures and use Technology to products! Of an Executive team in a company the CTO will often lead teams of people in information... Make Over $ 12.3 million the organization when expanded it provides a list of options. Hurd stepped down in 2019, citing health issues, and level where employees earn lowest... Of people in the U.S. can expect to make anywhere from $ 130,000- $ 462,923 per year challenges of... Ceo of Apple Inc. since 2011 $ 834,079Stock and options: $ 1,038,462Bonus: $ 8,015,929Other: $:. Can expect to make anywhere from $ 86,652 to $ 235,647 share.! He or she leads the efforts of the company by location to see a Chief Officer... Like Gap and Kohls, according to Ellison 's report CEO will have a seat on Fortune... Your pay as a Chief financial Officer in the United States is $ 15.9 million per.! Top function or line of business in Hurst, England: [ salary ] board as its chairperson to a. A look at how bonuses, honchos oftentimes those with military backgrounds seven-figure pay packages of!