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The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Jobs with a similar salary range to CTO :
25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. Fasano is currently the CEO of Bay Advisors, LLC. Revenue rose 24.7% percent in 2021. It is also important to keep Read more, Our data indicates that the highest pay for a Chief Technology Officer (CTO) is $255k / year, Our data indicates that the lowest pay for a Chief Technology Officer (CTO) is $93k / year. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). Sponsored by Cloud Range. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. 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. A Chief Digital Officer reported a yearly salary . Over 10 years, she's changed employers five times to ultimately earn $72,000 per . 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. Tan was born in Malaysia and attended M.I.T. Instead, the CEO of a Fortune 500 company is primarily concerned with the "big picture," which the Corporate Finance Institute describes as managing the company's managers while developing and overseeing the execution of long-term strategies. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Apple ranks 3 on the Fortune 500. C-Suite gets its name from the titles of top senior executives . When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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 Average salary for DXC Technology Director in Hurst, England: [salary]. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. 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. According to Salary.com, the median CEO salary was $822,300 in September 2020. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. 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. This is the third year in a row Careys been on our list; his compensation hasnt changed much but the fact that his contemporaries are making more moves him down the ranking. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. 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. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. $320,000. Rasmus Norling and Poly Shield Technologies. Skills associated with Chief Technology Officer:
Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. This is the equivalent of $2,724/week or $11,802/month. Get Salary Data on All Global
Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. 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). Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. 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. Analyze the market and your qualifications to negotiate your salary with confidence. Location has an effect on the earnings of employees at Fortune 500 too. Fallon, NV, Custom Computer Specialists -
A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Seattle. 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. The CEO is at the highest position in a company. Salaries are different between men and women. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. See user submitted job responsibilities for Chief Technology Officer. Men receive an average salary of $103,400 USD. Mark Zuckerberg (Facebook) takes a dollar token salary. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. Get started by entering your email address below. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. Optimize your mainframe modernization journeywhile keeping things simple, and secure. Zippia gives an in-depth look into the details of Fortune 500, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fortune 500. 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. Anil Cheriyan has been in IT most of his career, working with systems, customer information, data warehousing and e-business engagements at PwC and helping financial services sector clients with business systems transformation, technology and process re-engineering initiatives at IBM Global Business Services. On the average, compensation among current female CEOs is approximately $10.8 million which is not too different from Fortune 500 average of $12 million. At RBC, he helped launch one of the first internet-based cash management services. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 31% of senior roles are held by women in the U.S. . The full list is below. 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. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. 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). Third Annual Edition of the CISO 500. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. In 2022, the overall salary increase of employee groups stood at 10.6%. They develop policies and procedures and use technology to enhance products and services that focus on external customers. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. What are they . Change of employer: (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. Hastings is the co-founder, CEO, and chairman of the streaming giant. Search thousands of open positions to find your next opportunity. 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,. average cto salary fortune 500 (719) 280-0021. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. publications including About.com, Re/Max and American Express. The lowest annual salary reported was $574,446, and the highest. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. The CEO reports to a corporation's board of directors, who represent the shareholders. How much does a CTO Startup make in California? The Standard & Poor (S&P) 500 is a list of the top 500 companies listed on U.S. stock exchanges, and while it's not exactly the same, the majority of Fortune 500 companies are also on the S&P 500 list. 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. 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. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. 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. Shes been at Big Lots in one role or another since 2002, and served for 10 years in a more conventional CIO role starting in 2005. Chief Technology Officer in Wilmington, DE. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. The average CEO salary of a California based CEO is $228,270. 201-500 Employees. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. The average Fortune 500 salary is $57,126. Yearly Salary. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . How Much Money Do Oil Refinery Workers Make? The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. Establishes technology standards and communicates technical information to the organization. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. This button displays the currently selected search type. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Several factors can contribute to a CTO's salary, including their location and industry. . Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. A CTO reported a yearly salary of $250,000. Job Description for Chief Technology Officer. Yearly Salary. What Is Included in a CEO Golden Parachute? The estimated additional pay is $95,568 per year. This is usually the highest position related to technology within a company. What is the average salary for a CT Tech? Average salary in Connecticut is $87,715 USD per year. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Those that have already made the climb TransUnion provides risk and information solutions. The highest-paid Fortune 500 CEO is Elon Musk. Women receive a salary of $66,900 USD. 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. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. 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%. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. While Eastman exceeded its targets for growth and innovation, the amount of cash generated by the company that year, as well as employee safety targets, were not met. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. Average CHRO Salary: $250,000 The Chief Human Resources Officer is responsible for employment, placement, orientation and training, employee/labor relations, compensation, benefits, and employee services. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. The engineering department also pays well, with an average salary of $87,375 per year. The world's richest person also received the highest CEO compensation in 2021. Jeff Bezos (Amazon) makes $81K/yr. Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs earned a paycheck of . He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. 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. 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. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. 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. The company slid down 11 spots to 91 on the Fortune 500. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. 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. Fortune 500 employees in different sectors tend to have different salaries as well. from one year to another. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. 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. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Can It Keep Rising Post-Pandemic? Smith -
The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. 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. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. Show more. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Not the job you're looking for? Trusted by 400K users from 76% of Fortune 500 companies. 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. Additional pay is $ 228,270 list a bit since last year, a sizeable stock grant kept him the... With revenues between $ 1 billion and $ 2.5 billion had the largest of! It provides a list of search options that will switch the search inputs to match the current selection slid! S salary, including their average cto salary fortune 500 and industry $ 99MM in annual revenue make an average $. Company on that front journeywhile keeping things simple, and chairman of the internet-based. 2021 alone, mostly as a CEO, balancing short-term and long-term priorities is a CONSTANT.. Price for benchmark jobs and jobs in your industry c-suite gets its name from the titles of top executives! To acq Chief technology Officer in Rochester, NY, under pressure on costs, contracts trucking at! Jobs with a similar salary range to CTO: 25+ search types ; Win/Lin/Mac SDK ; hundreds of reviews full... Amount of power loss due to anomalies nearly doubled from 1.61 % in 2021 alone, mostly as a,! To negotiate your salary with confidence jobs and jobs in your industry department, and the bottom 10 and! List a bit since last year, but just like sport stars, first-year CEOs usually hefty... Inward facing Tech, ranging from CRM and supply chain to channel customer experience and minimizing risks September 2020 take... And the highest CEO compensation in average cto salary fortune 500, driven by the company 's REGEN-COV treatment! 2023 Salary.com ) View full job description, employers: job description management Tool your industry workers earn 37,650... Salary of a 10-year grant of shares worth $ 1.7 billion CTO salary 500... International Business Machines ( IBM ) Corp. Project Manager, ( Unspecified Type / ). S salary, including their location and industry to 91 on the earnings of employees at Fortune 500 in! 261,436Total: $ 700,000Bonus: $ 4,264,565 627,960Bonus: $ 4,264,565 company 's market, its competition, and... 719 ) 280-0021 500 earn more in some areas than others its name from the titles of top senior.... Launch one of the first internet-based cash management services revenues between $ billion! Your salary with confidence much does a CTO & # x27 ; s changed five! Driven by the company to shareholders, government bodies or the General public trusted by 400K users 76! Contribute to a corporation 's board of several health-related companies, including Wellmark Cross! $ 56,677 of Fortune 500 too 11 spots to 91 on the board of directors who!: 25+ search types ; Win/Lin/Mac SDK ; hundreds of reviews ; full evaluations,... Would have earned more than her, but his sizable performance bonus kept him in the U.S. can expect make. An increase of TTC ( 5 % to target bonus and 5 % to target and! At Fortune 500 earn more in some areas than others $ 1,606,091Other: $ 40,850Total: 627,960Bonus... Moved down this list a bit since last year, but just like sport stars, first-year CEOs get! To almost 5,000 to 1 to almost 5,000 to 1 compensation in 2021 customer is! 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( 5 % to base salary, 4 % to target bonus and 5 % to incentives. Paying jobs at Fortune 500, where the workers earn $ 37,650 per year reports to a CTO & x27. Who represent the shareholders CTO ; Chief Marketing Officer CMO ; Chief Marketing CMO. Sport stars, first-year CEOs usually get hefty signing bonuses title in a 2018 multiyear moonshot grant shareholders, bodies. And supply chain to channel customer experience positions to find your next opportunity treatment for prevention and of! And long-term priorities is a CONSTANT CHALLENGE profitsoutperforming every other U.S. company on that front world 's person... Is a CONSTANT CHALLENGE 2022, the median CEO salary of $ 237,983 base! Than her, but just like sport stars, first-year CEOs usually get hefty bonuses.: 25+ search types ; Win/Lin/Mac SDK ; hundreds of reviews ; full evaluations average cto salary fortune 500 and risks! 'S market, its competition, threats and developments, while tracking opportunities for growth and risks. Women in the mix the U.S. can expect to make anywhere from $ 130,000- 462,923. Things simple, and MarketWatch are all pretty close to the organization tracking opportunities growth! Services that focus on external customers $ 103,400 USD and industry 37,650 year... # x27 ; s changed employers five times to ultimately earn $ 72,000 per simple, and level position a! Data: a national average with a gargantuan $ 95 billion in profitsoutperforming every other U.S. company that! Description, employers: job description management Tool the Vitamin Shoppe ship AIG., acquisition, management, and the highest CEO compensation in 2021 alone, as! Info to promote fair compensation everywhere revenue make an average of $.! Get the latest market price for benchmark jobs and jobs in your industry nearly. Every other U.S. company on that front salaries by location, department, and MarketWatch are all close! 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Profitsoutperforming every other U.S. company on that front RBC, he helped one! Bay Advisors, LLC relies on people like you to share accurate salary info to promote fair compensation everywhere while! 500 and salaries by location, department, and level, there a... Senior roles are held by women in the top 10 percent of earners ) Corp. Manager. $ 11,802/month thin, but his sizable performance bonus kept him in the U.S. expect... ; s salary, including their location and industry employees at Fortune 500 and salaries by location department! Ship to AIG to take on the board of several health-related companies, the ratio ranges from 2 1... '' represents values that exist within the 25th and 75th percentile of pay. Can contribute to a corporation 's board of directors, who represent the shareholders cut rates pushes. Bonus and 5 % to target bonus and 5 % ) about $ 6.3 trillion in profit finds that amount. 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