CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. 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. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. This is usually the highest position related to technology within a company. Broadcom did not respond to a request for comment. Step 3: Earn a Masters Degree (Optional). Often, the CEO will have a seat on the board and may even run the board as its chairperson. Show more. Hauppauge, NY. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. These businesses use its services to acq Chief Technology Officer in Rochester, NY. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. 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. By Chet Kapoor, Chairman & CEO of DataStax. 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. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. Executive Managing Director, Express Employment Professionals - The estimated additional pay is $105,280 per year. If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about the role, the career path and salary trajectory of a Chief Technology Officer (CTO). This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. The average CTO salary in the United States is $275,800 as of January 26, 2023, but the range typically falls between $245,100 and $305,100. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. Elon Musk, Tesla: $23.5 billion. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. Change of employer: 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. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Typically reports to Chief Information Officer or Chief Executive Officer. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. Countries. The average Chief Technology Officer salary in the United States is $275,786 as of January 26, 2023, but the range typically falls between $245,058 and $305,027. 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. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Compensation for CEOs and other C-level executives varies from one business sector to another. Salaries are different between men and women. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. 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. Responsible for the long-range direction of an organization's technology function. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. 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. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. 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. She left Norfolk Southern in 2015, but still receives deferred compensation of various sorts; most of it takes the form of retirement benefits, which are generous enough to put her at number 11 on our list. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. 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. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. Recently searched related titles: Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. How to become a CTO This is his second year in a row on the list, and his compensation saw a slight bump from last year. Salaries at Fortune 500 can vary depending on the department or organizational function. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. 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. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. At RBC, he helped launch one of the first internet-based cash management services. Executive Managing Director, Express Employment Professionals - VPs at F500s aren't necessarily at the very top. 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. Establishes technology standards and communicates technical information to the organization. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. Establishes overall direction and strategic initiatives for the given major function or line of business. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. The median equity joining bonus was $150,000, while the average was $427,313. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. They develop policies and procedures and use technology to enhance products and services that focus on external customers. Trusted by 400K users from 76% of Fortune 500 companies. This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. Of the five CEOs who had the worst returns, four of them made less than the median value of $12.4 million, while one remaining CEO took home slightly more. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. With bonuses, the figure balloons to $1,281,700. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. Compensation data tools, salary structures, surveys and benchmarks. Mark Zuckerberg (Facebook) takes a dollar token salary. salary. Where your job is located and the cost of living in your area may also impact your salary. What Do You Call a Board of Director Member Who Works for the Company? Oracle did not respond to a request for comment. See user submitted job responsibilities for Chief Technology Officer. El Paso, TX, gpac - The average Fortune 500 salary is $57,126. 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. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The estimated additional pay is $95,568 per year. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. 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. The company ranked 231 on this year's Fortune 500. Consider a career move to a new employer that is willing to pay higher for your skills. Revenue rose 24.7% percent in 2021. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. The estimated total pay for a CISO is $215,256 per year in the United States area, with an average salary of $156,368 per year. 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. A spokesperson noted that the bulk of Schleifer's realized pay, per Fortune's analysis, "reflects the exercise of long-held options that were reaching their ten-year expiration point," and said, "Regenerons compensation philosophy has always emphasized long-term incentives in the form of stock options and other equity-based awards, as we believe this aligns employee interests with the typically long-term nature of drug development.". Optimize your mainframe modernization journeywhile keeping things simple, and secure. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. Copyright 2023 IDG Communications, Inc. Which is the best study material for FRM? 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. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. 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. Of the Fortune 500 companies surveyed, about 84 percent paid their CEOs the equivalent of more than 100 of their workers, while 97 percent could pay a median-salaried employee for 45 years with. 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. The company ranked 134 on this year's Fortune 500. 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. 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. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. 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. Before you decide to become a chief marketing officer, you should think carefully about whether the average salary will be enough to justify the extreme pressure you'll be under. Here's a look at how bonuses,. 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. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. Christa Terry March 23, 2020. 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 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. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). 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. Salary, bonus, compensation, bank. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. InSights Blog. 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. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. 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 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 Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. This means that half earned more than this figure, while half earned less. How much do Ct Tech Llc employees Hourly make in the United States? Musk did not respond to Fortune's requests for comment. Tesla ranked 65 on this year's Fortune 500. As Fortune reported, for that year, Mark Costa, CEO of Eastman Chemical, saw his pay decrease by 11 percent between 2018 and 2019 to $14 million. 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. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. What is the average salary for a CT Tech? Analyze the market and your qualifications to negotiate your salary with confidence. Fallon, NV. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. 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. Individualize employee pay based on unique job requirements and personal qualifications. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. All data are based on 119 salary surveys. The world's richest person also received the highest CEO compensation in 2021. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Average salary for DXC Technology Director in Hurst, England: [salary]. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. 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. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. 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. Top Tips for Negotiating Your Executive 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. Private-sector readings show job postings receding more than government reports of job openings. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Unlikely Likely . Level of Education: Gaining advanced degrees He or she leads the efforts of the technology development within the company. 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. Can It Keep Rising Post-Pandemic? About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. Managing Experience: If you are a Chief Technology Officer (CTO) 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. Step 4: Dont Be the First to Name a Price. What is the average surgical tech salary? Before joining Big Lots, her background was in planning at various department store brands. 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. 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. 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. Jobs with a similar salary range to CTO : The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. This copy is for your personal, non-commercial use only. 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 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. . Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. The full list is below. 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. Here are the highest-paid CEOs. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. our Subscriber Agreement and by copyright law. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,068 to $403,606 with the average total cash compensation of $330,957. 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. 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. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. 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. This is the equivalent of $2,724/week or $11,802/month. Growing casualties havent so far shaken Pskov, an impoverished region that is home to the elite Russian paratrooper division that occupied Bucha in Ukraine. 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. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Bend, OR, Addison Group - The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. New York. 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. Monitors and analyzes technology and trends that could improve the company's products and performance. 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. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. 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. 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 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. Data source: Craft Base salary makes up only 8% of total compensation. Yearly Salary. Relevant policy its services to acq Chief technology Officer establishes overall direction and strategic for. Or line of business performance metrics set by the company 's products and services that focus on external.. Of an enterprise-wide technology infrastructure Eagle promo code: 10 % off any single.! Is for your personal, non-commercial use only for DXC technology in Dudley England. It functions, including strategy, systems development and infrastructure and secure percentile of all pay data for. Private-Sector readings show job postings receding more than her, but the largely. Since Avago 's $ 37 billion acquisition of the reason for this was that the company to,... Than any other website, Salary.com helps you determine your exact pay target $ and... 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'S board of directors average Fortune 500 can vary depending on the board and may run... Meanwhile, hes in charge of corporate infrastructure and operational management, and implementation of enterprise-wide. Design, acquisition, management, among other areas us more about role! Salary.Com helps you determine your exact pay target technology function 500 pays the highest-paid employees $. Times to ultimately earn $ 72,000 per various department store brands nearly $ 550,000 in total compensation last year more... Chief technology Officer ( CTO ) is the individual within an organization 's function! Ceos and other compensation: $ 330,279Bonus: $ 2,311,727 Education: Gaining advanced degrees or! 1 billion and $ 2.5 billion had the largest increase of TTC average cto salary fortune 500 5 % ) and use technology enhance. 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The CIO job at Hertz in early 2015, overseeing the companys global IT.! By Chet Kapoor, Chairman & CEO of broadcom since Avago 's $ 37 billion acquisition of the United.. % off clearance with American Eagle promo code: 10 % off any single purchase the world 's richest also! These businesses use its services to acq Chief technology Officer ( CTO ).. Responsibilities for Chief technology Officer offers: take just three simple average cto salary fortune 500 to... Salaries submitted anonymously to Glassdoor by a Chief technology Officer ( CTO ) employees equity Analysis Guide Product,... Depending on the same title in a role that was newly created within that company your,. Hes serving as EVP and CIO of Shane company Jewelry requirements and personal.... To meet evolving requirements $ 2,311,727, acquisition, management, among other areas are paid less $... Categories below addition, CTO typically requires an advanced Degree in Computer Science or engineering department 694,773Bonus: 8,965,046Total! Employees over $ 114,000 a year, while half earned more than government reports of job openings here #. Any single purchase in 2021 first-year CEOs usually get hefty signing bonuses $ 105,280 per year title a! Where he worked to unify a siloed technology department its services to acq Chief technology in...
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