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. Compensation data tools, salary structures, surveys and benchmarks. We use cookies to ensure that we give you the best experience on our website. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. But when it comes to execs at big companies, we have a window: publicly traded corporations are required by law to disclose the compensation paid to their top execs. A CTO reported a yearly salary of $250,000. By Milan Shetti, CEO Rocket Software, Since joining XPO in 2011 as CIO, Mario Harik has worked alongside founder Brad Jacobs to create a $7.7 billion business that has technology innovation in its DNA. . - Emmy-nominated host Baratunde Thurston is back at it for Season 2, hanging out after hours with tech titans for an unfiltered, no-BS chat. 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. Tim Cook (Apple) makes $3 million/yr. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. Monitors and analyzes technology and trends that could improve the company's products and performance. Worked with 15-30 Hiring Managers on average . 1. CTO (Chief Technology Officer) Salary by Years of Experience The average salary for a CTO (Chief Technology Officer) with 7+ years of experience is $253,227. InSights Blog. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. Average Dev + Engineer salaries in Chicago 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. Establishes technology standards and communicates technical information to the organization. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. Optimize your mainframe modernization journeywhile keeping things simple, and secure. Mike McNamara began his tech career at British retailer Tesco in the late 90s, helping roll out its website and overseeing its IT and supply chain businesses, then expanding the companys operating model outside the UK. They only report to the board of directors and the chairperson of the board of directors. 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. Recent CTO (Chief Technology Officer) salaries in San Francisco $170,000 Yearly Salary A CTO (Chief Technology Officer) reported a yearly salary of $170,000 with +$30,000 in additional cash compensation 7+ Years of Experience Male 51-200 Employees San Francisco 5-10 Reports $236,667 Yearly Salary All salary data courtesy of the Bureau of Labor Statistics. The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. 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. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. 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. She became co-CEO with Mark Hurd in 2014. Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. 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. 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. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. VPs at F500s aren't necessarily at the very top. 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. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. Here's a look at how bonuses, stock awards, perks and other compensation add up. Hauppauge, NY. They head C-level members such as the COO, CTO, CFO, etc. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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. Growing casualties havent so far shaken Pskov, an impoverished region that is home to the elite Russian paratrooper division that occupied Bucha in Ukraine. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Managing Experience: If you are a Chief Technology Officer (CTO) Get Salary Data on All Global
Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. CEO pay dwarfs that of the average employee. 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. Data source: Craft Base salary makes up only 8% of total compensation. The average big-company CEO made 351 times the pay of the average worker on a realized basis in 2020, according to the Economic Policy Institute (EPI), which has tracked the metric for decades, up from a 21-to-1 ratio back in 1965. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Yearly Salary. What is the average income in Connecticut? 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. 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. 33 Fortune 500 companies are led by female CEOs. 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. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. Netflix also faces increased competition from streaming services. Learn howand get unstoppable. Although the report, entitled "Rewarding or Hoarding?" Salaries at Fortune 500 can vary depending on the department or organizational function. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. Analyze the market and your qualifications to negotiate your salary with confidence. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. 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. While her work at Biogen in 2017 qualified her for this list, she in left in May of that year to take up a new job at National Grid, overseeing their use of AI and IoT devices. Job Description for Chief Technology Officer. 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. How much money do people make at their job? Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. 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. Some big news today: CVS Health will acquire Oak Street Health, a leading value-based primary care company helping older adults stay healthy and live life more From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. 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. 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 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. Executive Managing Director, Express Employment Professionals -
Jeff Bezos (Amazon) makes $81K/yr. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some Tesla stock options awarded in a 2018. . He retired in February of 2018. 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. 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 CFO salary ranges also differ from state to state. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. 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