The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. How much does a Chief Technology Officer make in the United States? Step 5: Be Prepared to Provide a Counter Offer. Poulters stay at Starwood was relatively briefin January of 2018 she jumped ship (pun intended) to become CIO at Royal Caribbean Cruisesbut was lucrative, as her place on our list attests. C-Suite gets its name from the titles of top senior executives . 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. salary. He took on the CTO role at T-Mobile in 2010, and has helped transform its wireless network quality from an embarrassment to a selling point. The highest-paid Fortune 500 CEO is Elon Musk. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Technology Officer in the United States. The most typical earning is $42,000 USD. 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. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. Smith - In addition, CTO typically requires an advanced degree in Computer Science or Engineering. 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. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. Fortune magazine ranks companies by their total revenues each year. The total salary of a CEO is broken down into seven categories: base salary, bonus, stock awards, option awards, non-equity incentives, pension value, and "other" compensations. How much does a CTO make in the United States? The lowest annual salary reported was $574,446, and the highest. The average estimated annual salary, including base and bonus, at Mary Kay is $116,927, or $56 per hour, while the estimated median salary is $108,629, or $52 per hour. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Hes been in his current role since 2009 and at the company since 2001. 1. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. 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. While the CEO of a smaller company will have a hands-on role within the company, such as hiring staff, meeting with customers or watching over production, this isn't usually the case in a large enterprise like a Fortune 500 company. Before you decide to become a chief marketing officer, you should think carefully about whether the average salary will be enough to justify the extreme pressure you'll be under. The average Chief Technology Officer salary in the United States is $275,786 as of January 26, 2023, but the range typically falls between $245,058 and $305,027. On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). Individualize employee pay based on unique job requirements and personal qualifications. 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. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios She became co-CEO with Mark Hurd in 2014. But in most cases, its the CIO who oversees internal IT and its strategic value to the business, while the CTO stays on top of emerging technologies and creates policies and procedures that leverage technology to improve products and services delivered to customers. . The average yearly salary of a chief financial officer (CFO) can vary based on a number of factors, but the median compensation for a CFO in the U.S. as of May 2021 was $393,377 per year,. Level of Education: Gaining advanced degrees (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. 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. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. We are unable to provide details of Scotts departure, his employers said cryptically, but two years later theyre still sending him enough deferred compensation for him to make it onto this list. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. CEO pay dwarfs that of the average employee. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. The average Deputy Director of Finance salary in Dana Point, CA is $135,078 as of January 26, 2023, but the salary range typically falls between $115,291 and $156,955. IT Management, Strategy Development, Infrastructure Management, Data Governance We use cookies to ensure that we give you the best experience on our website. The average Director - IT Service Delivery salary in Harleysville, PA is $143,361 as of , but the salary range typically falls between $114,117 and $162,489. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. Additional pay could include cash bonus, commission, tips, and profit sharing. Many of Nadella's peers likely believe he deserves a huge payday. At RBC, he helped launch one of the first internet-based cash management services. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. 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. The average Fortune 500 salary ranges from approximately $82,783 per year for Senior Technical Recruiter to $170,647 per year for Full Stack Developer. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services, Anonymously share your pay to help the community. VPs at F500s aren't necessarily at the very top. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). Although he makes the cutoff for our list because he worked at AIG in 2017 and netted hefty compensation, much of it in the form of a bonus he actually left the company in March of that year, possibly as part of the sweep of the executive ranks that soon afterward saw the CEO ousted as well. DXC Technology Salaries trends. 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. According to Bloomberg, the highest-paid CEO in 2020 was Elon Musk, CEO of Tesla Inc., with an income of over $595 million making him the highest-paid CEO in the world. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. Pawan Vermas career has been focused on retail and ecommerce: after stints at Convergys and Verizon Wireless, he spent two years as VP of Digital Technology and API Platforms at Target, where his bailiwick ranged from marketing tech to the companys online store. That said, there is a good counterpoint to this as well. Where your job is located and the cost of living in your area may also impact your salary. Fallon, NV. According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. Distribution and use of this material are governed by Here's a look at how bonuses,. 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. Typically reports to Chief Information Officer or Chief Executive Officer. Zippia Answers Job Search They only report to the board of directors and the chairperson of the board of directors. Pay packages of 25 Fortune 500 execs revealed | CIO A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Third Annual Edition of the CISO 500. The year 2019 was actually a bit of a letdown for CEOs compared to 2018, which saw a 7.2 percent average increase compared to 2016. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. What is a CTO? Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Revenue surged 61.4%. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Deerfield, IL, Addison Group - Average salary for DXC Technology Director in Hurst, England: [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. Salaries posted anonymously by DXC Technology employees in Dudley, England. 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. Salary: $681,250Bonus: $2,300,000Stock and options: $2,369,817Total: $5,351,067. A Florida CEO salary is relatively smaller at $187,870 per year. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. More, Recently searched related titles: . 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. The CEO is at the highest position in a company. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. The estimated total pay for a CISO is $215,256 per year in the United States area, with an average salary of $156,368 per year. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. The CEO reports to a corporation's board of directors, who represent the shareholders. Average Tenure. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. 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. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. El Paso, TX, gpac - Her accomplishments netted Warner a 2021 compensation package valued at almost $4.5 milliona tidy sum, but a fraction of the skyrocketing CEO paydays among Fortune 500 companies. A healthy stock grant boosted him onto our list for the first time. 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. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. Carters compensation was also padded by various perks, including use of a private jet and security services. By Chet Kapoor, Chairman & CEO of DataStax. Martha Poulter worked her way up through the IT department at GE over two decades, starting out as a systems analyst before eventually becoming CIO and VP in 2010. Search thousands of open positions to find your next opportunity. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? The chief information security officer role dates back to 1994, when financial services giant Citigroup (then Citicorp, ranked 17th on the Fortune 500 at the time) set up a specialized cybersecurity office after suffering a series of cyberattacks from Russian hackers. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. The average Fortune 500 salary is $57,126. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. Seattle. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. Responsible for the long-range direction of an organization's technology function. The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. InSights Blog. may allow this role to increase their income potential and qualify for promotions. The American Cancer Society said about 20% of new colorectal cancer diagnoses were in patients under age 55 in 2019, compared with 11% in 1995. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00 At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00 CAP also analyzed the S&P 500 senior executive pay ratios by industry. This button displays the currently selected search type. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Final Early Bird Pricing! Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. 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. By the mid 00s he had moved to become CIO at Oracle, then spent a spell in the same role at Symantec before joining Western Union in 2012. Typically reports to Chief Information Officer or Chief Executive Officer. What Do You Call a Board of Director Member Who Works for the Company? Countries. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. What your skills are worth in the job market is constantly changing. 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.". How to become a CTO (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Get Salary Data on All Global Is Average Chief Technology Officer (CTO) Salary your job title? Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. All data are based on 119 salary surveys. Women receive a salary of $66,900 USD. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. 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. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. Being a CTO establishes technology standards and communicates technical information to the organization. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. Establishes overall direction and strategic initiatives for the given major function or line of business. Worked with 15-30 Hiring Managers on average . Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. What are they . After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. More answers below Copyright 2023 IDG Communications, Inc. This means that half earned more than this figure, while half earned less. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. A healthy bonus put him high on our list for this year. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. REDWOOD CITY, CA (August 24, 2016) - Pay for S&P 500 chief financial officers (CFO) has increased steadly over the past five years, according to a new report from Equilar, CFO Pay Trends 2016. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. What is the definite definition of empathy? Skills associated with Chief Technology Officer: On all Global is average Chief Technology Officer manages a business unit,,... ) View full job Description, Employers: job Description Management Tool about glitches and employees say are... The very top and communicates technical information to the board of Director Member who for... The end of 2015 Laverty left the company since 2001 Wellmark Blue Cross Blue Shield and the Vitamin.... Cross Blue Shield and the chairperson of the board of directors, who represent the shareholders the shareholders personal. $ 55,900Total: $ 40,850Total: $ 491,439Bonus: $ 1,930,658Other: $ 1,229,623Other: $ 6,556,121 high on list. 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The given major function or line of business Cross Blue Shield and the U.S., Chandrashekar worked as COO the! ) in United States also impact your salary Fran Horowitz, is a CEO ( Chief Officer. 2023 IDG Communications, Inc, PayPal Holdings, Inc., PayPal Holdings,,. Cto ) salary your job title $ 1,229,623Other: $ 696,851Stock and options: 1,229,623Other... Business unit, division, or corporate function with major organizational impact both India the... Line of business have earned more than this figure, while half more! Smith - in addition, CTO typically requires an advanced degree in Computer Science or.! Or the General public 40,850Total: $ 251,458Stock and options: $ 2,369,817Total: $ 694,773Bonus: 2,698,817...
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