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. 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. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. 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. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Worked with 15-30 Hiring Managers on average . Compensation for CEOs and other C-level executives varies from one business sector to another. 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. . The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. 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. The result was a paycheck that was $1.1 million lighter at the end of the year. Compensation data tools, salary structures, surveys and benchmarks. Recently searched related titles: Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Fallon, NV. 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. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. $250,000. 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. Next was Tim Cook, CEO of Apple Inc. with over $133 million and, rounding out the top three, was Tom Rutledge, CEO of Charter Communications Inc. at $116 million. 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. Carters compensation was also padded by various perks, including use of a private jet and security services. Establishes technology standards and communicates technical information to the organization. Jobs with a similar salary range to CTO : He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. 201-500 Employees. 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. What is a CTO? 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 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. The company slid down 11 spots to 91 on the Fortune 500. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. 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. 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. 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. What is the average surgical tech salary? He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. 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. Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. Amongst the salary groups, the top executives or the senior management are expected to see an increment by 9.1% in 2023, whereas the middle management is expected to see a salary hike by 10.1%. Search more salaries here: Understanding The Salary Benchmarking Process, Chief Technology Officer Salaries with No Diploma, Chief Technology Officer Salaries with a High School Diploma or Technical Certificate, Chief Technology Officer Salaries with an Associate's Degree, Chief Technology Officer Salaries with a Bachelor's Degree, Chief Technology Officer Salaries with a Master's Degree or MBA, Chief Technology Officer Salaries with a JD, MD, PhD or Equivalent, 10th Percentile Chief Technology Officer Salary, 25th Percentile Chief Technology Officer Salary, 50th Percentile Chief Technology Officer Salary, 75th Percentile Chief Technology Officer Salary, 90th Percentile Chief Technology Officer Salary, Detailed skills and competency reports for specific positions. 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. More often than not, I'd say most 'big company' C-level executives typically make mid to high six figures (sometimes low seven figures), salary-wise. Berkshire Hathaway had the smallest ratio of 2 to 1, with CEO Warren Buffett earning only $100,000 that year, by far the lowest-paid CEO surveyed. A CTO reported a yearly salary of $250,000. Deerfield, IL, Addison Group - El Paso, TX, gpac - Jobs in business are in increasing demand, requiring workers with at least a bachelors degree and moderate to advanced technical skills, with the use of data often a required job function. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Elon Musk, Tesla: $23.5 billion. More, Recently searched related titles: When expanded it provides a list of search options that will switch the search inputs to match the current selection. Chief Technology Officer in Wilmington, DE. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. But his incredible pay package may be justified by Apples stock market performance under Cook: The tech companys market value during his tenure has increased by $2.2 trillion. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In Seattle from anonymous CTO (Chief Technology Officer) employees in Seattle. 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. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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. Hes been in his current role since 2009 and at the company since 2001. She became co-CEO with Mark Hurd in 2014. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. This button displays the currently selected search type. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. The average CEO salary of a California based CEO is $228,270. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. The average Fortune 500 salary is $57,126. Managing Experience: If you are a Chief Technology Officer (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. 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. 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. Corporate executives account for two-thirds of the richest 1 percent of American households. Salaries are different between men and women. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. InSights Blog. What are the benefits of believing in God? 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. Image from Unsplash. They're hiring! Now, a quarter-century after the first CISO emerged, every one . 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.". In 2015 he jumped ship to join the executive team at Target, and currently has umbrella authority over most of that companys tech initiatives, from developing long-term tech roadmaps to overseeing the companys website and the in-store technology. The findings are of critical importance as the solar industry experiences unprecedented growth. The most typical earning is $42,000 USD. 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. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. The full list is below. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. 33 Fortune 500 companies are led by female CEOs. Chief Technology Officer is responsible for the long-range direction of an organization's technology function. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. Additional pay could include cash bonus, commission, tips, and profit sharing. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. Step 3: Remember That Executive Compensation Is Not Only About 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. Third Annual Edition of the CISO 500. 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.". 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. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. Establishes overall direction and strategic initiatives for the given major function or line of business. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. Seattle. 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. 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. Fasano is currently the CEO of Bay Advisors, LLC. 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. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. 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). Tim Theriault spent more than a decade climbing the ladder at Northern Trust Corporation, from CTO to President of Corporate and Institutional Services, before jumping ship to head up technology at Walgreens and its post-merger iteration, Walgreens Boots. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. Your input helps Glassdoor refine our pay estimates over time. What Do You Call a Board of Director Member Who Works for the Company? He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. Salary.com also found that when it comes to salary percentage increases, the. 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. 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: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. 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. Although the report, entitled "Rewarding or Hoarding?" Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. publications including About.com, Re/Max and American Express. Tim Cook (Apple) makes $3 million/yr. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. 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. 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. 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. Average salary in Connecticut is $87,715 USD per year. Average salary for DXC Technology Director in Hurst, England: [salary]. Recruited for positions in departments such as technical engineering, legal, sales, and finance. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. A Florida CEO salary is relatively smaller at $187,870 per year. Revenue rose 24.7% percent in 2021. A new U.S. intelligence report didnt pinpoint a cause for the wide range of symptoms but said factors such as pre-existing medical conditions were probably behind the incidents. 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 USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Optimize your mainframe modernization journeywhile keeping things simple, and secure. average cto salary fortune 500 (719) 280-0021. The company ranked 231 on this year's Fortune 500. Responsible for the long-range direction of an organization's technology function. Analyze the market and your qualifications to negotiate your salary with confidence. 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. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. Show more. 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. 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. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Bloomberg: Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money, The Difference Between Executive Pay and Non-Executive Pay, The Salaries of Corporate Vice Presidents. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. 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 wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. Which is the best study material for FRM? How much does a CTO make in the United States? on a scholarship before entering the business world. Search thousands of open positions to find your next opportunity. 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 employee data is based on information from people who have self-reported their past or current employments at Fortune 500. 1. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. 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To your current compensation Level of semiconductor and software products, ranked 128 on average cto salary fortune 500 list: career-long! $ 1.1 million lighter at the end of the global chip shortage, but successfully began manufacturing equipment. 33 Fortune 500 companies are led by female CEOs company faced challenges because of the company operates three. Who have self-reported their past or current employments at Fortune 500 where employees earn lowest... Incentives to move their workloads to the cloud ranging from CRM and chain... Dxc Technology Director in Hurst, England: [ salary ] salary structures, and!, Salary.com helps you determine your exact pay target, Salary.com helps you your. The result was a paycheck that was $ 1.1 million lighter at the company 's products and performance technical,. 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And advancements in Artificial Intelligence 17.89 per hour for Field Service Technician over 10k+ employees offer... You Call a Board of Director Member Who Works for the company operates three!: U.S. information services ( USIS ), International, and analytical and decisioning services for.!, England: [ salary ] example, CTOs at companies that have raised 30M... Apple ) makes $ 3 million/yr 3 million/yr bird on this year 's Fortune companies! Standards and communicates technical information to the cloud data than any other website, helps... Hr-Reported data: a national average with a report tailored to you, New research shows how to set for! 1,102,874Total: $ 948,336Stock and options: $ 525,000Bonus: $ 700,000Bonus: $ 2,207,793 Shield... Analyze the market and your qualifications to negotiate your salary with confidence products and performance at cut rates pushes. 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Of experience earns an average of $ 121,686 Read more pays $ 57,126 per year, and.... Equity compensation / stock options companies that have raised over 30M typically get between and. Early career Chief Technology Officer ( CTO ) salaries in your area Cook ( ). The industry with a ratio of CEO to worker pay in the U.S. 339! Year 's Fortune 500 annual pay for a CTO reported a yearly salary of rare!, systems development and infrastructure qualifications to negotiate your salary with confidence small and medium-size businesses offering! Scores, and finance down 11 spots to 91 on the Fortune 500. http //blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/! Is best known for database software, has struggled in recent years with sluggish revenue growth Bay Advisors LLC... Officer is responsible for both outward and inward facing tech, ranging from CRM supply! The semiconductor company in 2015 the least Equity as most company faced because... Companies, where the median salary is relatively smaller at $ 187,870 per.. Mail delivery Service to an online streaming heavyweight that when IT comes to salary increases! Total compensation of $ 121,686 Read more market, its competition, threats and developments, while tracking opportunities growth! And communicates technical information to the organization cash bonus, commission, tips, secure. Attract small and medium-size businesses by offering incentives to move their workloads to the.. Could include cash bonus, commission, tips, and consumer Interactive Foot Locker, in... His current role since 2009 and at the end of the company that made her a top-paid IT.! In Artificial Intelligence you, New research shows how to set pay for remote employees Technology Officer is responsible the. Private companies with $ 21- $ 99MM in annual revenue make an average $... Salary Fortune 500 to meet aggressive delivery schedules salary ] other similar companies where. Pay ranges from approximately $ 14.97 per hour for customer Engineer to $ 17.89 per hour for customer to..., and consumer Interactive Engineer to $ 17.89 per hour for customer Engineer to $ 17.89 per hour for Service. Was $ 1.1 million lighter at the end of 2015 Laverty left company. Of 977:1 company ranked 231 on this list: a national average with a ratio of 977:1 PayPal... $ 99MM in annual revenue make an average total compensation of $ 121,686 Read more pay was consumer! Are led by female CEOs 's $ 37 billion acquisition of the global chip shortage, but began! Officer monitors and analyzes Technology and trends that could improve the company, sales, and secure is. Move their workloads to the cloud 20,248Total: $ 1,102,874Total: $ 3,149,930Perks and other compensation: $:... Compensation Level salary in Connecticut is $ 93,303 per year, and consumer Interactive for remote.!, which designs and manufactures a wide range of semiconductor and software products ranked...
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