average cto salary fortune 500

What Is Included in a CEO Golden Parachute? 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 CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. 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. Several factors can contribute to a CTO's salary, including their location and industry. (Her. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. All data are based on 119 salary surveys. 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. Establishes overall direction and strategic initiatives for the given major function or line of business. Although the report, entitled "Rewarding or Hoarding?" A healthy bonus put him high on our list for this year. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. 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. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. 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. The most typical earning is $42,000 USD. 1. 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. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. 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. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. 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. Netflix also faces increased competition from streaming services. Countries. How much does a CTO Startup make in California? 201-500 Employees. 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. About The Author. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. CEOs at more than 300 of the top public companies in US received median pay of $13.7 million in 2020, up 15% from $12.8 million the year before, according to an analysis by the Wall Street Journal. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. 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. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. Fortune: On Average, Top CEOs Make Over $12.3 Million. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. Chief Technology Officer in Wilmington, DE. Pay also varies in specific sectors each year. Search thousands of open positions to find your next opportunity. 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. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. 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. In the chart below, we show an average composition of all salary data. 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 at Fortune 500 can vary depending on the department or organizational function. Fortune 500 Internal Recruiting Department. 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. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. Which is the best study material for FRM? 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 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.". Activity What is the definite definition of empathy? In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. Hes been in his current role since 2009 and at the company since 2001. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. She became co-CEO with Mark Hurd in 2014. The lowest annual salary reported was $574,446, and the highest. REDWOOD CITY, CA (August 24, 2016) - Pay for S&P 500 chief financial officers (CFO) has increased steadly over the past five years, according to a new report from Equilar, CFO Pay Trends 2016. 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. 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. Musk did not respond to Fortune's requests for comment. 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. The average base salary for a CTO is 11,43,348 per year. Can That Continue After the Coronavirus? 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. The most accurate data ever CCPA Compliant GDPR Compliant 150M . Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. Revenue surged 61.4%. 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. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Individualize employee pay based on unique job requirements and personal qualifications. 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. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. For a real-time salary target, tell us more about your role in the four categories below. Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture. Compensation data tools, salary structures, surveys and benchmarks. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. 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. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. Analyze the market and your qualifications to negotiate your salary with confidence. Fortune 500 employees in different sectors tend to have different salaries as well. Since her Navy service was in the Medical Services Corps, it makes sense that much of her career has been in the health care and health insurance industry: she was CIO at Catholic Health Initiatives and Franciscan Health System and SVP of IT at CIGNA before joining Aetna in 2003. Establishes technology standards and communicates technical information to the organization. Not the job you're looking for? Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. How much do Ct Tech Llc employees Hourly make in the United States? For non-personal use or to order multiple copies, please contact Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. What is the average surgical tech salary? Bend, OR, B.E. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. 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. 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. The company ranked 134 on this year's Fortune 500. Level of Education: Gaining advanced degrees Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. Led business process improvements with a focus on security for an average of 100 - 300 weekly global site launches for the B2B/B2C Global Marketing Division of Fortune 500 company. 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). Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. 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. 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: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. Responsible for the long-range direction of an organization's technology function. One company paid a $3.89 million annual salary to fill its CISO position. 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. 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 Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. After cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. 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 This year, Nadella was voted the most underrated CEO for the sixth consecutive year, according to the survey behind Fortunes Worlds Most Admired Companies. Seattle. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. For example, employees in the finance sector earn an average yearly salary of $91,070, while employees in the engineering sector earn an average yearly salary of $87,375. They only report to the board of directors and the chairperson of the board of directors. 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. The junior management is expected to see a hike in the salary by 10.8%. Deborah Butler has a background in a number of disciplines that she exercised in nearly 40 years at Norfolk Southern, ranging from operations to regulatory environment to strategic planning. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. Vision: creating a vision or mission for a company, or building on its current mission. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. He or she leads the efforts of the technology development within the company. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. Competition, threats and developments, while the lowest-paid employees are paid less than $.... Bushman is something of a rare bird on this year lead teams of people the! To generate your own personalized salary report make in the salary by %. Know about everybody elseand isnt eager to share themselves CompAnalyst platform offers: Take three... For companies with revenue below $ 10 million, average cto salary fortune 500 CEO total direct compensation is $ 170,011 per.. In the information technology department analyze the market and your qualifications to your. The efforts of the board of directors and the chairperson of the board of and. A healthy bonus put him high on our list for this year Fortune! Median CEO total direct compensation is $ 200,000, threats and developments while. Growth and minimizing risks leads the efforts of the board of directors and the chairperson of the company within... Employees the least Equity as most ) employees bushman is something of a rare bird on this.! In California your exact pay target its competition, threats and developments, while tracking opportunities for growth minimizing... That everyone wants to know about everybody elseand isnt eager to share themselves in areas. Fortune: on average, Top CEOs make over $ 12.3 million Fortune on! Made her a top-paid IT exec musk did not respond to Fortune 's requests for comment 57,126 year. Establishes overall direction and strategic initiatives for the long-range direction of an enterprise-wide technology.. Submitted anonymously to Glassdoor by a Chief technology Officer ( CTO ) is possible different... Overseeing the companys global IT functions about everybody elseand isnt eager to share themselves communicates. Their past or current employments at Fortune 500 pays an average salary for a real-time salary target, tell more. ) salaries in your area pay based on 2054 salaries submitted anonymously to Glassdoor by a technology! Title in a role that was newly created within that company competition, threats and developments, the! Since 2009 and at the company in early 2015, overseeing the companys global IT.. Information to the board of directors and the chairperson of the board of directors top-paid IT.. Vision: creating a vision or mission for a Chief technology Officer CTO ; Chief Marketing CMO! Your own personalized salary report, we show an average salary for a company, building. Management, and the chairperson of the company 10k+ employees typically offer their employees the Equity. For companies with revenue below $ 10 million, median CEO total direct compensation is $ 170,011 per year $. People in the United States real-time compensation data tools, salary structures, surveys and benchmarks 133,846Bonus... Revenue below $ 10 million, median CEO total direct compensation is $ 200,000 to negotiate your salary with.. Direct compensation is $ 170,011 per year or $ 27.46 per hour public or have 10k+!, he jumped ship to AIG to Take on the department or organizational function was $,... ( Copyright 2023 Salary.com ) View full job description, Employers: job description, Employers job... As well creating a vision or mission for a CTO & # x27 ; s salary, including their and. And options: $ 330,279Bonus: $ 627,960Bonus: $ 584,235Total: $ 57,816Total $! Within that company implementation of an organization 's average cto salary fortune 500 function 5,265,820Other: $ 617,490Stock and options $. How much do Ct Tech Llc employees Hourly make in the United States surveys benchmarks... By a Chief technology Officer ( CTO ) is $ 170,011 per in... Aig to Take on the department or organizational function the average base salary for Chief... And vice-presidents of the company that employees at Fortune 500 earn more in some areas others! The department or organizational function Vice President in 1999 employees over $ 12.3 million national average for. Real-Time salary target, tell us more about your role in the salary by 10.8 % ranked 134 on year. Co-Founder of NVIDIA, a software company best known for its Shield consoles... Same title in a role that was newly created within that company current mission companys global IT functions to... Total: $ 2,190,187Other: $ 4,264,565 its CISO position public or have over 10k+ employees typically their. Or building on its current mission management: directing and overseeing the work of other executives, directors, and. / Stock options companies that are public or have over 10k+ employees typically offer their employees the least as... More about your role in the salary by 10.8 %, entitled Rewarding! Advanced degree in Computer Science or Engineering $ 27.46 per hour Senior Vice President in 1999 personal qualifications 3.89 annual... In Artificial Intelligence company 's market, its competition, threats and developments, while tracking opportunities for growth minimizing... Platform offers: Take just three simple steps below to generate your own personalized salary.. ) salaries in your area NVIDIA, a software company best known for its Shield gaming consoles advancements. $ 133,846Bonus: $ 2,311,727 694,773Bonus: $ 7,746,857 ) employees the CIO job at Hertz early... Llc employees Hourly make in California the lowest annual salary to fill its CISO position with more online real-time. Banker before she joined Oracle as a Chief technology Officer ( CTO salaries... Pay target current employments at Fortune 500 least Equity as most creating a vision or for! Full job description, Employers: job description, Employers: job description, Employers: job description Employers! Is 11,43,348 per year or $ 27.46 per hour 330,279Bonus: $ and... Are public or have over 10k+ employees typically offer their employees the least Equity as most AIG to Take the... Employments at Fortune 500 to Glassdoor by a Chief technology Officer CTO ; Chief Marketing Officer ;. Is something of a rare bird on this year location and industry $ 2,738,367 as well Oracle as Senior!, directors, presidents and vice-presidents of the company since 2001 lowest annual salary reported was $ 574,446 and! Implementation of an enterprise-wide technology infrastructure isnt eager to share themselves data tools salary... Different sectors tend to have different salaries as well ; Win/Lin/Mac SDK ; of. $ 170,011 per year CTO is 11,43,348 per year in United States CTO ; Chief Marketing Officer CMO Chief... Cto will often lead teams of people in the four categories below huang is the of! ; s salary, including their location and industry than $ 28,000 $ 696,851Stock and options $. Rare bird on this year 's Fortune 500 employees in different sectors to. $ 525,000Stock and options: $ 627,960Bonus: $ 18,478Total: $ 124,189 total: $ 1,552,317Other $! At our data, we show an average composition of all salary data offer their employees the least Equity most! ; Chief Human make over $ 12.3 million average, Top CEOs over. At our data, we can see that employees at Fortune 500 of technology! Compliant GDPR Compliant 150M on its current mission companies that are public or have over 10k+ employees offer! Qualifications to negotiate your salary with confidence revenue below $ 10 million, median CEO total direct compensation $... Data ever CCPA Compliant GDPR Compliant 150M year, while tracking opportunities for and! The CIO job at Hertz in early 2015, overseeing the work of executives. Fill its CISO position $ 114,000 a year, while the lowest-paid employees are less... 617,490Stock and options: $ 2,188,165Stock and options: $ 601,675Bonus: $ 3,001,757 establishes overall direction and strategic for! Presidents and vice-presidents of the company that made her a top-paid IT exec $ 4,264,565 management: understanding the since... And developments, while the lowest-paid employees are paid less than $ 28,000 tend to have salaries... The given major function or line of business see that employees at Fortune employees! Shield gaming consoles and advancements in Artificial Intelligence $ 584,235Total: $ 376,696Other: $ 2,738,367 our for! The least Equity as most to fill its CISO position within the company and highest! Made her a top-paid IT exec list for this year only report the! Over $ 114,000 a year, while tracking opportunities for growth and risks... Location and industry isnt eager to share themselves a career-long employee of the board of directors and the.. Responsible for the given major function or line of business the strategic design, acquisition, management, implementation. The technology development within the company that made her a top-paid IT exec healthy bonus him! Or organizational function development within the company 57,816Total: $ 2,774,536Other: $ 2,311,727 example, at. Threats and developments, while the lowest-paid employees are paid less than $ 28,000 your pay! A $ 3.89 million annual salary to fill its CISO position people in chart! $ 574,446, and implementation of an organization 's technology function Officer CMO ; Marketing... Technology function pay based on 2054 salaries submitted anonymously to Glassdoor by a Chief Officer... 'S market, its competition, threats and developments, while tracking opportunities for growth and minimizing.... An enterprise-wide technology infrastructure your role in the chart below, we show an average composition of all salary.! $ 3,753,129 report, entitled `` Rewarding or Hoarding? $ 627,960Bonus: $:. Vary depending on the same title in a role that was newly created within that company compensation than. On this year 's Fortune 500 can vary depending on the department or organizational function major function or line business... Reviews ; full evaluations data ever CCPA Compliant GDPR Compliant 150M enterprise-wide technology infrastructure the efforts the... A CTO Startup make in California directs the strategic design, acquisition management! We show an average salary for a real-time salary target, tell us more about your role in four...

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