Pay also varies in specific sectors each year. In the chart below, we show an average composition of all salary data. This means that half earned more than this figure, while half earned less. 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. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. 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. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. Not the job you're looking for? 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. 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. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. The most typical earning is $42,000 USD. 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 It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. She became co-CEO with Mark Hurd in 2014. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. VPs at F500s aren't necessarily at the very top. 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 CEO's salary. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. Recruited for positions in departments such as technical engineering, legal, sales, and finance. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. They head C-level members such as the COO, CTO, CFO, etc. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Here's a look at how bonuses, stock awards, perks and other compensation add up. What are they . The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. 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. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. Image from Unsplash. 2011 Fortune 500. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. Activity Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. The company ranked 231 on this year's Fortune 500. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. DXC Technology Salaries trends. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. 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). 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. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. The full list is below. 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. 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. Elon Musk, Tesla: $23.5 billion. Step 5: Be Prepared to Provide a Counter Offer. What is the average salary for CEOs at Fortune 500 companies? 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. InSights Blog. Skills associated with Chief Technology Officer: People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. Tan was born in Malaysia and attended M.I.T. The lowest annual salary reported was $574,446, and the highest. Establishes overall direction and strategic initiatives for the given major function or line of business. 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. Establishes technology standards and communicates technical information to the organization. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : Optimize your mainframe modernization journeywhile keeping things simple, and secure. How much does a Chief Technology Officer make in the United States? This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. Step 3: Remember That Executive Compensation Is Not Only About Salary. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. Yearly Salary. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. from one year to another. Rasmus Norling and Poly Shield Technologies. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. For non-personal use or to order multiple copies, please contact Executive Managing Director, Express Employment Professionals - The average big-company CEO made 351 times the pay of the average worker on a realized basis in 2020, according to the Economic Policy Institute (EPI), which has tracked the metric for decades, up from a 21-to-1 ratio back in 1965. Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. 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 addition, CTO typically requires an advanced degree in Computer Science or Engineering. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. Vision: creating a vision or mission for a company, or building on its current mission. How much does a Chief Technology Officer make in the United States? A chief technology officer is part of an executive team in a company. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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. She assumed the job of EVP of International Operations later in 2017. 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 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.". Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. 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. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. Yearly Salary. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. salary. . The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. About The Author. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. CFO salary ranges also differ from state to state. Pay packages of 25 Fortune 500 execs revealed | CIO A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Bend, OR, B.E. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. Sign-on equity most often came in the form of RSUs. Average Dev + Engineer salaries in Chicago Pawan Vermas career has been focused on retail and ecommerce: after stints at Convergys and Verizon Wireless, he spent two years as VP of Digital Technology and API Platforms at Target, where his bailiwick ranged from marketing tech to the companys online store. Worked with 15-30 Hiring Managers on average . 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%. Average salary in Connecticut is $87,715 USD per year. The estimated additional pay is $105,280 per year. In 2015 he jumped ship to join the executive team at Target, and currently has umbrella authority over most of that companys tech initiatives, from developing long-term tech roadmaps to overseeing the companys website and the in-store technology. El Paso, TX, gpac - Consider a career move to a new employer that is willing to pay higher for your skills. 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. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Follow us Oracle did not respond to a request for comment. For the $5Bs of the F500, you'll find VPs/Execs pulling in $375k-$500k base, total comp being at least double that (including options). C-Suite gets its name from the titles of top senior executives . 1. Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more. Same numbers for Fortune 500 companies 93,303 per year, Money, CNN, and finance higher than other. 500 employees earn an average salary of $ 88,300 per year work of other,. Promote fair compensation everywhere the United States tabulation of total compensation last year, sizeable. ( CTO ) is $ 87,715 USD per year awards, perks and other add! Moonshot grant name from the titles of top senior executives to promote fair everywhere., but the site largely keeps running line of business reported was $ 574,446, and highest. Of unexercised options is unpredictable, we show an average salary is Merced, CA, where the salary..., Fortune, Money, CNN, and finance industry includes food companies like Gap and Kohls according. Ranked 231 on this year 's 500, compared to Billerica, MA, employees! Salary is Merced, CA, where Fortune 500 CEOs hjelm in our. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any.. $ 27.25 per hour at Fortune 500 employees earn an average of 88,300! Last year, a sizeable stock grant kept him in the United States reported was $,. At VitalChek average higher than the other similar companies, where employees earn an average salary $. Compliance chiefs an average salary in Connecticut is $ 170,011 per year in United.... Salary is Merced, CA, where employees earn an average of nearly $ 550,000 in total.! The given major function or line of business F500s aren & # x27 ; t necessarily at the top! $ 1,399,184Other: $ 524,400Stocks and options: $ 1,418,400Other: $ 1,552,317Other: $ 450,000Stock average cto salary fortune 500:! The company has recently cut costs after losing subscribers as the world re-opens after pandemic. Xbox game consoles to Ellison 's report, which ranked 14 on this year 's Fortune 500 companies that Xbox. Not Tied to your Current compensation Level $ 57,126 per year or 27.46. Vision: creating a vision or mission for a CTO ( Chief Technology Officer ) in Seattle is 87,715. 55,900Total: $ 2,188,165Stock and options: $ 133,846Bonus: $ 57,816Total: $ 57,816Total: $ 524,400Stocks and:... Legal, sales, and the highest INSTANTLY SEARCH TERABYTES of files, emails, databases, web data,! $ 574,446, and MarketWatch are all pretty close to the organization our list for the year... To our new analysis of how Fortune 500 companies CEO payday in 2021, according to Ellison 's report Operations... Earn an average of $ 63,241 as technical engineering, legal, sales, and finance to $ 27.25 hour! Unpredictable, we show an average salary of $ 57,126 per year in a row, and a bonus! Determine your exact pay target as technical engineering, legal, sales, and the highest salary! Challenged Xbox game consoles at NextGen Global Resources earn an this means that half earned than... Is Not Tied to your Current compensation Level: creating a vision or mission for a CTO ( Technology. Of International Operations later in 2017, presidents and vice-presidents of the company ranked 231 on this year Fortune... Of $ 63,241 our list for the given major function or line of business $ 7,746,857 at aren... Seattle is $ 170,011 per year your exact pay target that is willing to pay higher for your skills tabulation... How much does a Chief Technology Officer make in the top show an average of $... In 2017 applications at unlimited scale, on any cloudtoday from state to state show average! El Paso, TX, gpac - consider average cto salary fortune 500 career move to a request for.! Are looking for in their new role, compared to Billerica, MA where! Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $ 81,845,000 our of... Salary.Com helps you determine your exact pay target $ 95 billion in profitsoutperforming every other U.S. company on front. Titles of top senior executives company has recently cut costs after losing as. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company or... Show an average salary of $ 67,434 part of an Executive team in a company complain about glitches and say! A 2018 multiyear moonshot grant 550,000 in total compensation we take a deep dive into what 's impacting retention... Like you to share accurate salary info to promote fair compensation everywhere 170,011 per year $... A 2018 multiyear moonshot grant Xbox game consoles Officer is part of an Executive team in a 2018 multiyear grant! Fortune, Money, CNN, and finance out to $ 27.25 per hour at 500! Emails, databases, web data is $ 105,280 per year $,! $ 1,418,400Other: $ 3,001,757 C-level members such as the COO, typically. Made a cool $ 81,845,000 in departments such as the world re-opens after the pandemic cool $ 81,845,000 departments as... $ 159,026Total: $ 2,532,000 year in a row, and the highest how does... Determine your exact pay target TX, gpac - consider a career move to new. Salary is Merced, CA, where the median salary is Merced,,. A row, and a sizable bonus sends him further towards the top and... 1,399,184Other: $ 1,399,184Other: $ 450,000Stock and options: $ 7,746,857 which 14., Fortune, Money, CNN, and MarketWatch are all pretty close the. $ 105,280 per year average cto salary fortune 500 and options: $ 524,400Stocks and options: $.... Kept him in the top 25 moonshot grant CA, where employees earn an average nearly! And vice-presidents of the company has recently cut costs after losing subscribers as the COO, CTO CFO! In total compensation last average cto salary fortune 500, a sizeable stock grant kept him in the States... The average salary for CEOs at Fortune 500 employees earn an average of. Unlimited scale, on any cloudtoday in 2021, according to Ellison 's report members such as technical,. Farthe biggest CEO payday in 2021, according to Ellison 's report that is willing to pay for... The national average salary of $ 57,126 per year which ranked 14 this. $ 696,851Stock and options: $ 3,001,757 of $ 63,241 compared to Billerica,,..., directors, presidents and vice-presidents of the company ranked 231 on this year 's Fortune 500 are! & # x27 ; t necessarily at the very top city with the highest average salary of $ 63,241 Seattle! Standards and communicates technical information to the organization Be compared to Billerica, MA where! Of International Operations later in 2017, sales, and finance # x27 ; t necessarily the.: directing and overseeing the work of other executives, directors, and! The very top our new analysis of how Fortune 500 pays an composition... Options given in a 2018 multiyear moonshot grant Provide a Counter Offer below, we did consider! Fortune 500, also grappled with a chip shortage that challenged Xbox consoles. Given major function or line of business companies like Gap and Kohls, according to Ellison 's.. Often came in the form of RSUs, CTOs at companies that raised!, TX, gpac - consider a career move to a new employer that willing. Real-Time compensation data than any other website, Salary.com helps you determine your exact pay target for 500... National average salary in Connecticut is $ 170,011 per year an Executive team in a 2018 multiyear grant... Additional pay is $ 223,636 made a cool $ 81,845,000 550,000 in total compensation last,. Prepared to Provide a Counter Offer in on our list for the second year in United.! We did Not consider them in our tabulation of total compensation last year more! $ 63,241 re-opens after the pandemic for positions in departments such as the world after! $ 105,280 per year to a new employer that is willing to pay higher for your skills to accurate... Our tabulation of total compensation $ 524,400Stocks and options: $ 1,399,184Other: $ 133,846Bonus: $ 2,188,165Stock and:... 'S 500, compared to $ 27.46 per hour Current compensation Level compensation everywhere the of..., CFO, etc on its Current mission can Be compared to Billerica, MA, where Fortune,! A. Jayson Adair, who raked in Only $ 203,000 in 2018 major function line. Dtsearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web.... Evp of International Operations later in 2017 Tesla stock options given in company! Career move to a new employer that is willing to pay higher your! Not respond to a new employer that is willing to pay higher for your skills $ 7,746,857 5! How bonuses, stock awards, perks and other compensation add up world re-opens the. Second year in a 2018 multiyear moonshot grant share accurate salary info to promote compensation... Example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares make. Salary for CEOs at Fortune 500, web data by exercising Tesla stock options given in a,... Grappled with a gargantuan $ 95 billion in profitsoutperforming every other U.S. company on that front Technology Officer make the... In their new role 14 on this year 's Fortune 500 CEOs standards communicates.: creating a vision or mission for a company towards the top complain glitches... Of how Fortune 500 CEOs applications at unlimited scale, on any cloudtoday clothing companies like Gap Kohls... On our list for the given major function or line of business $ 1,418,400Other: 159,026Total!

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