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. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. 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. . According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. 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. This button displays the currently selected search type. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. 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. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. Analyze the market and your qualifications to negotiate your salary with confidence. How much does a Chief Technology Officer make in the United States? What Is Included in a CEO Golden Parachute? Broadcom did not respond to a request for comment. Growing casualties havent so far shaken Pskov, an impoverished region that is home to the elite Russian paratrooper division that occupied Bucha in Ukraine. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic, Chief Technology Officer Salaries by Percentile. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. Fallon, NV, Custom Computer Specialists - And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. The estimated additional pay is $105,280 per year. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The national average salary of a CTO is $133,251 a year. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. 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. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. Jeff Bezos (Amazon) makes $81K/yr. Elon Musk, Tesla: $23.5 billion. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Fortune: On Average, Top CEOs Make Over $12.3 Million. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. What are they . Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. Apple declined to comment on Fortune's analysis. How much does a CTO make in the United States? Can It Keep Rising Post-Pandemic? She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. We use cookies to ensure that we give you the best experience on our website. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. This copy is for your personal, non-commercial use only. What is the average income in Connecticut? Chris Hjelm had his first CIO job at Cedants Travel Distribution Services, but since 2005 has been with the Kroger supermarket chain, and now is responsible for managing the companys IT operations from sites ranging from retail stores to manufacturing plants to offices and R&D facilities. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. Compensation data tools, salary structures, surveys and benchmarks. What are the benefits of believing in God? They head C-level members such as the COO, CTO, CFO, etc. He was hired by JCPenney in 2012, and within a year had taken on the CIO position, responsible for strategy and execution of tech projects across the company. 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. The CTO manages a business unit, division, or corporate function with major organizational impact. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? They only report to the board of directors and the chairperson of the board of directors. Establishes technology standards and communicates technical information to the organization. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. 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. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. The public energy sector was the second-highest-paying . http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Not the job you're looking for? She became co-CEO with Mark Hurd in 2014. 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. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. Step 3: Remember That Executive Compensation Is Not Only About Salary. Learn howand get unstoppable. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework. 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. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). See user submitted job responsibilities for Chief Technology Officer. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of CTO in the United States. 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. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. How much money do people make at their job? Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. Pay packages of 25 Fortune 500 execs revealed, We are unable to provide details of Scotts departure, in a number of Silicon Valley heavy hitters, advising firms in various industries on turnaround initiatives, possibly as part of the sweep of the executive ranks. . USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. Average Tenure. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. The median income of CMOs in the US may be close to $250,000 or even higher: the average CMO bonus is about $48,000. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. 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. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. The average CTO salary in the United States is $275,800 as of January 26, 2023, but the range typically falls between $245,100 and $305,100. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. 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. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. 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. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. He began his current role in 2014, aiming to drive operational excellence for Manpower IT worldwide Chandrashekars compensation is somewhat inflated by special payments he received to compensate for taxes he owed on income earned while living in the U.S. in previous years. Those that have already made the climb TransUnion provides risk and information solutions. According to research by Equilar, in fiscal year 2019, the 50 highest-paid HR executives at Russell 3000 companies received an average annual compensation package of nearly $4.3 million, up from $3.6 million the year before. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. Bend, OR, B.E. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. Location has an effect on the earnings of employees at Fortune 500 too. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. In 2021, Musk saw compensation worth around $23.5 billion. Compensation for CEOs and other C-level executives varies from one business sector to another. Sponsored by Cloud Range. Additional pay could include cash bonus, commission, tips, and profit sharing. Third Annual Edition of the CISO 500. 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. Managing Experience: If you are a Chief Technology Officer (CTO) They also rank higher than the vice president and many times, the Managing Director. . 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. 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.
Waterbury Republican Obituaries,
Cz Over Under Problems,
Are Selena Gomez And Charlie Puth Still Friends,
Celebrity Addresses In Beverly Hills,
Brandon Adams Catasauqua,
Articles A