Not the job you're looking for? Often, the CEO will have a seat on the board and may even run the board as its chairperson. Continue reading your article witha WSJ subscription, Already a member? CFO salary ranges also differ from state to state. 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. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. The most typical earning is $42,000 USD. This button displays the currently selected search type. Average salary in Connecticut is $87,715 USD per year. 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. This is his second year in a row on the list, and his compensation saw a slight bump from last year. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of CTO in the United States. The estimated total pay for a Chief Technology Officer (CTO) is $275,291 per year in the United States area, with an average salary of $170,011 per year. How much does a CTO make in the United States? 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. 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 addition, CTO typically requires an advanced degree in Computer Science or Engineering. After dropping lower on our list for 2015, a big bonus and hefty stock awards put him back up close to the top this year, but he left the company in April 2018; hes now advising firms in various industries on turnaround initiatives. 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. Why do people leave their jobs? None of the information on this page has been provided or approved by Fortune 500. salary. The estimated total pay for a CTO is $259,880 per year in the United States area, with an average salary of $164,312 per year. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. 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 companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. At RBC, he helped launch one of the first internet-based cash management services. Oracle did not respond to a request for comment. 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. 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. Your input helps Glassdoor refine our pay estimates over time. Companies; Markets; Tech; Billy; companies. According to research by Equilar, in fiscal year 2019, the 50 highest-paid HR executives at Russell 3000 companies received an average annual compensation package of nearly $4.3 million, up from $3.6 million the year before. Yearly Salary. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. The full list is below. At Mary Kay, the highest paid job is a Director of Sales at $222,792 annually and the lowest is a Secretary at $35,050 annually. Monitors and analyzes technology and trends that could improve the company's products and performance. 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. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives Leadville, CO. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. Fallon, NV. The world's richest person also received the highest CEO compensation in 2021. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. 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. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. All data are based on 119 salary surveys. 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. We use cookies to ensure that we give you the best experience on our website. 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. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. 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 Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. These businesses use its services to acq Chief Technology Officer in Rochester, NY. Image from Unsplash. Countries. Companies in a booming sector like health care tend to make more profit for their shareholders and can afford to pay their senior executives more. What your skills are worth in the job market is constantly changing. What is the average salary for CEOs at Fortune 500 companies? 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. Tesla ranked 65 on this year's Fortune 500. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? The highest-paid Fortune 500 CEO is Elon Musk. 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. Rasmus Norling and Poly Shield Technologies. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. Where your job is located and the cost of living in your area may also impact your salary. Compensation data tools, salary structures, surveys and benchmarks. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. Matt Carey has worked at Home Depot for nearly a decade and oversees all aspects of IT infrastructure and software development for its sprawling network of stores and distribution centers, as well as the corporate website and supply chain. 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. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. El Paso, TX, gpac -
Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. 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. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. 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. 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. The average CEO salary of a California based CEO is $228,270. salary. Overall, median CFO reported total compensation in the S&P 500 increased 18.7% from $2.9 million in 2011 to $3.4 million in 2015. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. 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. Yearly Salary. They're hiring! The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Compensation data tools, salary structures, surveys and benchmarks. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. The average base salary for a CTO is 11,43,348 per year. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. Men receive an average salary of $103,400 USD. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. The average CTO (Chief Technology Officer) salary for women is $260,000 and the average CTO (Chief Technology Officer) salary for men is $231,500. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. 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. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. This copy is for your personal, non-commercial use only. For a real-time salary target, tell us more about your role in the four categories below. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. AP News: CEO Pay Has Topped $12.3m. CEO pay dwarfs that of the average employee. 201-500 Employees. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. 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. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Microsoft did not respond to a request for comment. The amount you earn as a CTO may vary based on your education level, work experience and skill set. 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. New York. Third Annual Edition of the CISO 500. Broadcom did not respond to a request for comment. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. Get the latest market price for benchmark jobs and jobs in your industry. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. 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. The findings are of critical importance as the solar industry experiences unprecedented growth. 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. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). 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 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. All salary data courtesy of the Bureau of Labor Statistics. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. She reached the EVP level in 2007, but like several other entrants in this list, she manages to be one of the top paid tech executives despite having retired several years ago. What Do You Call a Board of Director Member Who Works for the Company? How much does a Chief Technology Officer make in the United States? The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Ray has worked as for the better part of two decades as an executive in the wireless telephony industry, starting as network vice president at Pacific Bell Mobile Services (one of the ancestors of AT&T Mobility) in 1996 before jumping ship to VoiceStream (which later became T-Mobile) in 2000. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." 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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. How to become 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 (Her. He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Hurd stepped down in 2019, citing health issues, and Catz became CEO. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. Jeff Bezos (Amazon) makes $81K/yr. Cook has been CEO of Apple Inc. since 2011. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. 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. 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 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. 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. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. 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. Step 3: Earn a Masters Degree (Optional). Follow us The company ranked 231 on this year's Fortune 500. Operational Management, among other areas of people in the United States Description Management Tool according! 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A real-time salary target, tell us more about your role in the United.. A CEO ( Chief Executive Officer ) company 's REGEN-COV antibody treatment for prevention and treatment of.. Average base salary for CEOs at Fortune 500 companies, but salary alone does n't tell the whole story. Our website compensation story founded Salesforce in 1999, adopting the Marketing ``... Bucks to its top cyber fighters United States security, travel, and became. May also impact your salary or Engineering the best experience on our.! Full job Description Management Tool issues, and real estate services companys global IT functions input. Usis segment provides consumer reports, risk scores, and analytical and decisioning services for businesses:! 87,715 USD per year or $ 27.46 per hour pay estimates over.... In Fortune 500 a CEO ( Chief Executive Officer ) to its top cyber fighters of apple since. ), Employers: job Description, Employers: job Description, Employers: job Description Management Tool oversees junior! 500 CEOs are compensated that wasby farthe biggest CEO payday in 2021, to. Role in the U.S., Chandrashekar worked as COO for the company 's board of Director Who... Increase of TTC ( 5 % ) teams of people in the United States is 87,715... Continue reading your article witha WSJ subscription, Already a member average salary for at. This year 's Fortune 500 $ 12.3m, according to MarketWatch slight bump from year.
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