C-Suite gets its name from the titles of top senior executives . The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. 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. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. Compensation data tools, salary structures, surveys and benchmarks. 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. 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. 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. After dropping lower on our list for 2015, a big bonus and hefty stock awards put him back up close to the top this year, but he left the company in April 2018; hes now advising firms in various industries on turnaround initiatives. Wayne Shurts has a CTO title but his role at Sysco involves a lot of inward-facing tasks youd associate with a CIO; for instance, hes worked to roll out AWS to support the DevOps team. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. Search thousands of open positions to find your next opportunity. 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. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. The result was a paycheck that was $1.1 million lighter at the end of the year. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. Average salary for DXC Technology Director in Hurst, England: [salary]. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the companys Asia Pacific Middle East region. Additional pay could include cash bonus, commission, tips, and profit sharing. The most accurate data ever CCPA Compliant GDPR Compliant 150M . .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! Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Chief Technology Officers. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Third Annual Edition of the CISO 500. Vision: creating a vision or mission for a company, or building on its current mission. Zippia Answers Job Search This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. 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. Private-sector readings show job postings receding more than government reports of job openings. Why do people leave their jobs? Bend, OR, Addison Group - Being a CTO establishes technology standards and communicates technical information to the organization. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Has acquired the business acumen and leadership experience to become a top function or division head. Vice President Technology, Salary estimation for CTO at companies like : These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. Pay also varies in specific sectors each year. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. 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. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. How much does a Chief Technology Officer make in the United States? Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! A Chief Digital Officer reported a yearly salary . While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. Get the latest market price for benchmark jobs and jobs in your industry. In 2020, the Associated Press did a survey of these top companies in the United States and determined that the average median pay of their CEOs was over $12.3 million in 2019. This is the equivalent of $2,724/week or $11,802/month. 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. . Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. How much does a Chief Technology Officer make in the United States? 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. Leadville, CO. These specific companies were chosen because they had been the first to publicly disclose how much their CEOs earned compared to their other employees, a requirement of U.S. law made in 2015 as an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. 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). The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. CEO pay dwarfs that of the average employee. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. What is the average salary for CEOs at Fortune 500 companies? Countries. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. Change of employer: Hauppauge, NY. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. Fasano is currently the CEO of Bay Advisors, LLC. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Like many execs on this list, Stevens wears multiple hats, responsible not just for IT at CDW but for the companys distribution centers, transportation facilities and customer relations as well. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. The lowest annual salary reported was $574,446, and the highest. Sign-on equity most often came in the form of RSUs. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. All salary data courtesy of the Bureau of Labor Statistics. The highest-paid Fortune 500 CEO is Elon Musk. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. 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. And hes managed to pull off a special feat: topping our list of high-paid tech execs for a job he left more than three years ago. Martin Lippert is a longtime tech exec in the financial services industry, with stints at Freddie Mac, Mellon Bank, Royal Bank of Canada, and Citigroup before his current job at MetLife. The engineering department also pays well, with an average salary of $87,375 per year. 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 estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. This means that half earned more than this figure, while half earned less. 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. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. When calculating a CEOs total realized pay, we measured the following for the companys most recent fiscal year: salary and bonuses; other compensation such as vested restricted stock grants, long-term incentive payouts and perks; and stock gains in the form of value realized from exercising stock options. 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. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. For a real-time salary target, tell us more about your role in the four categories below. 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. The Average private company CFO Salary in 2022 According to CFO.com, the average cash compensation for a CFO in a private company with less than $20MM in annual revenue is $194,354. Corporate executives account for two-thirds of the richest 1 percent of American households. Recently searched related titles: What are they . The former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. After a stint in Air Force intelligence, David Thompson ended up in IT management in a number of Silicon Valley heavy hitters: he was SVP and CIO at PeopleSoft, where he oversaw a transition to the company using its own applications internally. Christa Terry March 23, 2020. 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 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. Cindy Earharts career at Norfolk Southern has spanned more than 30 years, and has straddled a number of silos: shes been in accounting and IT positions, and was VP of HR and Executive VP of Administration. Hastings is the co-founder, CEO, and chairman of the streaming giant. 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. Revenue rose 24.7% percent in 2021. Fallon, NV, Custom Computer Specialists - For non-personal use or to order multiple copies, please contact Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years. Salaries are different between men and women. How much does a CTO make in the United States? Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Despite rampant employee complaints and several lawsuits over sexism, harassment, and Koticks personal mismanagement of assault claims at the game developer, Microsoft in January agreed to buy Activision for $68.7 billion, in what would be its largest acquisition to date. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. Yearly Salary. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. This copy is for your personal, non-commercial use only. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Elon Musk, Tesla: $23.5 billion. New York. 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). By Chet Kapoor, Chairman & CEO of DataStax. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. from one year to another. 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. Congrats to L'Oreal and Yves Saint Laurent Beauty on continuing to push the boundaries of what is possible with #web3 in furthering fan engagement and brand A spokesperson disputed Fortune's analysis of Hastings' realized pay and would only reiterate the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options.". Several factors can contribute to a CTO's salary, including their location and industry. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. 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. Establishes technology standards and communicates technical information to the organization. In the chart below, we show an average composition of all salary data. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. Salesforce did not respond to a request for comment. 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. 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. may allow this role to increase their income potential and qualify for promotions. A Florida CEO salary is relatively smaller at $187,870 per year. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. At Mary Kay, the highest paid job is a Director of Sales at $222,792 annually and the lowest is a Secretary at $35,050 annually. How much does a Chief Technology Officer (CTO) in United States make? 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 findings are of critical importance as the solar industry experiences unprecedented growth. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. Apple ranks 3 on the Fortune 500. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Compensation data tools, salary structures, surveys and benchmarks. 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,. Salary.com also found that when it comes to salary percentage increases, the. Distribution and use of this material are governed by 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. Chief Technology Officer is responsible for the long-range direction of an organization's technology function. They also rank higher than the vice president and many times, the Managing Director. In 2020, the top 10 companies on the Fortune 500 list were: Even though it is probably the most famous, the Fortune 500 is not the only list of top companies. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. 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. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. He retired in February of 2018. 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. After bouncing among more general top-level divisions, she assumed the more exalted title of SVP of Business Transformation and IT in 2013, which is the job that earned her the well-compensated place on this list. Women receive a salary of $66,900 USD. Typically reports to Chief Information Officer or Chief Executive Officer. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. 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. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. 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. 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. Image from Unsplash. Carters compensation was also padded by various perks, including use of a private jet and security services. The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. 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. How to become a CTO Those that have already made the climb TransUnion provides risk and information solutions. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year.

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