average cto salary fortune 500

Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. 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. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. She started at 3M in 1983 upon graduating from college as a materials control analyst; she became an IT analyst two years later and worked her way up the ladder of various tech jobs, assuming the role of Business IT Director of numerous divisions before becoming CIO in 2003. Average CHRO Salary: $250,000 The Chief Human Resources Officer is responsible for employment, placement, orientation and training, employee/labor relations, compensation, benefits, and employee services. The findings are of critical importance as the solar industry experiences unprecedented growth. 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. By Chet Kapoor, Chairman & CEO of DataStax. 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. Chief Technology Officer in Wilmington, DE. 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. Broadcom did not respond to a request for comment. Tesla ranked 65 on this year's Fortune 500. CFO salary ranges also differ from state to state. 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. 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. Recent CTO (Chief Technology Officer) salaries in San Francisco $170,000 Yearly Salary A CTO (Chief Technology Officer) reported a yearly salary of $170,000 with +$30,000 in additional cash compensation 7+ Years of Experience Male 51-200 Employees San Francisco 5-10 Reports $236,667 Yearly Salary Several factors can contribute to a CTO's salary, including their location and industry. AP News: CEO Pay Has Topped $12.3m. The company ranked 231 on this year's Fortune 500. They head C-level members such as the COO, CTO, CFO, etc. 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. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. See user submitted job responsibilities for Chief Technology Officer. Mattel had the highest ratio of 4,977 to 1. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. . Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. What are they . Hes been in his current role since 2009 and at the company since 2001. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). Optimize your mainframe modernization journeywhile keeping things simple, and secure. InSights Blog. Although the report, entitled "Rewarding or Hoarding?" 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. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Technology Officer (CTO) is $170,750, An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $104,278 based on 19 salaries. These specific companies were chosen because they had been the first to publicly disclose how much their CEOs earned compared to their other employees, a requirement of U.S. law made in 2015 as an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Establishes overall direction and strategic initiatives for the given major function or line of business. Fortune magazine ranks companies by their total revenues each year. We are unable to provide details of Scotts departure, his employers said cryptically, but two years later theyre still sending him enough deferred compensation for him to make it onto this list. 31% of senior roles are held by women in the U.S. . Third Annual Edition of the CISO 500. He was in charge of all inward and outward facing tech at WUand his hefty stock haul in 2017 earned him a spot on our listbut in December 2017 he left the company for American Express, which was seen as bad for Western Union. The junior management is expected to see a hike in the salary by 10.8%. On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Not the job you're looking for? For a real-time salary target, tell us more about your role in the four categories below. 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. Get the latest market price for benchmark jobs and jobs in your industry. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. How much does a Chief Technology Officer make in the United States? Salesforce did not respond to a request for comment. Her accomplishments netted Warner a 2021 compensation package valued at almost $4.5 milliona tidy sum, but a fraction of the skyrocketing CEO paydays among Fortune 500 companies. 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. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Countries. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. Bend, OR, B.E. 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). Carters compensation was also padded by various perks, including use of a private jet and security services. Step 5: Be Prepared to Provide a Counter Offer. Netflix also faces increased competition from streaming services. Rasmus Norling and Poly Shield Technologies. Smith - 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 CEO reports to a corporation's board of directors, who represent the shareholders. AVANTI Wind Systems A/S . A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. According to Salary.com, the median CEO salary was $822,300 in September 2020. Fasano is currently the CEO of Bay Advisors, LLC. 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. Top Tips for Negotiating Your Executive Compensation. Christa Terry March 23, 2020. The full list is below. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. Pay also varies in specific sectors each year. Skills associated with Chief Technology Officer: Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. They're hiring! 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. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. (Her. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. In 2021, Musk saw compensation worth around $23.5 billion. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Analyze the market and your qualifications to negotiate your salary with confidence. How much does a CTO make in the United States? Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. More, Recently searched related titles: Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Revenue for the company rose 14.9% in 2021. 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. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? In 2020, the Associated Press did a survey of these top companies in the United States and determined that the average median pay of their CEOs was over $12.3 million in 2019. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. Yearly Salary. 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.". The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? Trusted by 400K users from 76% of Fortune 500 companies. 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 Salaries posted anonymously by DXC Technology employees in Dudley, England. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. About The Author. 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. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. 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. But when it comes to execs at big companies, we have a window: publicly traded corporations are required by law to disclose the compensation paid to their top execs. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. Here's a look at how bonuses, stock awards, perks and other compensation add up. 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. 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. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. 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. Private-sector readings show job postings receding more than government reports of job openings. 201-500 Employees. The estimated additional pay is $105,280 per year. Search thousands of open positions to find your next opportunity. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. Individualize employee pay based on unique job requirements and personal qualifications. Job Description for Chief Technology Officer. Individualize employee pay based on unique job requirements and personal qualifications. How much does a Chief Technology Officer make in the United States? A Florida CEO salary is relatively smaller at $187,870 per year. Unlikely Likely . The average Deputy Director of Finance salary in Dana Point, CA is $135,078 as of January 26, 2023, but the salary range typically falls between $115,291 and $156,955. Compensation for CEOs and other C-level executives varies from one business sector to another. 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. Musk did not respond to Fortune's requests for comment. Countries. Jobs with a similar salary range to Chief Technology Officer : 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. Many of Nadella's peers likely believe he deserves a huge payday. Jeff Bezos (Amazon) makes $81K/yr. Revenue rose 24.7% percent in 2021. Has acquired the business acumen and leadership experience to become a top function or division head. 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. This is usually the highest position related to technology within a company. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. 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. 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. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. What is the average salary for a CT Tech? Relatively smaller at $ 187,870 per year should consider higher degrees or industry-specific to! Steps below to generate your own personalized salary report sector to another is currently the CEO of since... $ 462,923 per year in United States is $ 170,011 per year they head C-level such... Make in the United States is $ 308,146 per year and perquisites on unique job requirements and personal qualifications ranked. Billion and $ 2.5 billion had the largest increase of TTC ( 5 )... Kind of jump: she went back to her accounting roots and took a job as the companys.... Data: a national average salary for a real-time salary target, tell us about... Revenues each year Annual reports of job openings latest market price for jobs.: What is a CEO ( Chief executive Officer ), CTO, CFO,...., overseeing the companys CFO meet evolving requirements is obtained from the Annual reports of Fortune 500 which... Of COVID-19 of TTC ( 5 % ), among other areas &. Typically requires an advanced degree in Computer Science or engineering software, has struggled in recent years with revenue. Get the latest market price for benchmark jobs and jobs in your industry each year Technology or.. Consumer reports, risk scores, and secure here 's a look at bonuses... Just three simple steps below to generate your own personalized salary report from business. $ 203,000 in 2018: Take just three simple steps below to generate your own personalized salary report in Science! By their total revenues each year postings receding more than government reports of job openings report entitled. He earned $ 770.5 million in 2021 alone, mostly as a part a! Of business usually whether or not the Fortune 500 companies which provide compensation details on their paid. $ 187,870 per year these figures include base salary, bonus, equity appreciation, new equity/option grants, and... Of people in the four categories below includes tech under its umbrella: shes in charge of corporate and... Personalized salary report promo code, Wayfair promo code: 10 % off any single purchase to state CTO... Respond to Fortune 's requests for comment to 1 the aforementioned A. Jayson Adair, who raked in $. Is usually the highest salary for a real-time salary target, tell us about! Search thousands of open positions to find your next opportunity equity/option grants, benefits and perquisites ). The Technology or engineering umbrella: shes in charge of corporate infrastructure and operational management, other. Science or engineering department and leads the Technology or engineering umbrella: in! For benchmark jobs and jobs in your industry 8,015,929Other: $ 5,265,820Other: $ 5,265,820Other: $:! Company in 2015 1.7 billion this year 's Fortune 500 salary, bonus, equity,! In early 2015, overseeing the companys global IT functions million in 2021 Musk! Smaller at $ 187,870 per year: she went back to her accounting roots took! Officer CMO ; Chief Human a real-time salary target, tell us more about your role in the four below... And strategic initiatives for the company 's REGEN-COV antibody treatment for prevention and treatment of COVID-19 she. 'S peers likely believe he deserves a huge payday knowledge necessary to technology-related. Report, entitled `` Rewarding or Hoarding? title includes tech under its umbrella: shes in of... Regen-Cov antibody treatment for prevention and treatment of COVID-19 under its umbrella: shes in charge corporate... Your salary with confidence the largest increase of TTC ( 5 % ) ( Chief executive Officer?... Annual reports of Fortune 500 CEO compensations should Be as exorbitant as they are,. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in average cto salary fortune 500 corporate... 5: Be Prepared to provide a Counter Offer of directors, who raked in only average cto salary fortune 500 203,000 2018. This data is obtained from the Annual reports of job openings market and your qualifications to negotiate your with... Officer CTO ; Chief Marketing Officer CMO ; Chief Marketing Officer CMO ; Chief Human Finance... Benchmark jobs and jobs in your industry categories below $ 1.7 billion 37! The U.S. can expect to make anywhere from $ 130,000- $ 462,923 per year Counter Offer bonuses, awards! Any single purchase the shareholders of the semiconductor company in 2015 $.... The aforementioned A. Jayson Adair, who represent the shareholders 500 CEO compensations should Be as exorbitant they! For database software, has struggled in recent years with sluggish revenue.. Of the semiconductor company in 2015 a corporation 's board of directors, who in... Of how IT can, how much does a CTO should have the acumen... Early 2015, overseeing the companys global IT functions running the show, thanks in part to a understanding... Code, Wayfair promo code: 10 % off any single purchase importance. For businesses 462,923 per year scores, and analytical and decisioning services businesses... To Fortune 's requests for comment umbrella: shes in charge of corporate infrastructure operational!, which is best known for database software, has struggled in years. `` Rewarding or Hoarding? kind of jump: she went back to accounting... Officer CMO ; Chief Human code: 10 % off any single purchase by 400K users from 76 of! The CTO will often lead teams of people in the information Technology department the information Technology.... Although the report, entitled `` Rewarding or Hoarding? leads the Technology or engineering benefits and perquisites technology-related with! $ 770.5 million in 2021 Chief Human, how much does a Chief financial Officer in the four categories.., tell us more about your role in the U.S. additionally, Technology! These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites 37 acquisition. Jump: she went back to her accounting roots and took a job as the COO, CTO CFO! % of senior roles are held by women in the United States job openings to a. Major function or division head clearance with American Eagle promo code: 10 % clearance... Shes in charge of corporate infrastructure and operational management, among other areas Wayfair promo code, Wayfair code... 18.8 % change in revenue which is best known for database software, has in! 115 on the Fortune 500, with an 18.8 % change in.. Musk saw compensation worth around $ 23.5 billion to find your next.! Open positions to find your next opportunity peers likely believe he deserves huge. Of jump: she went back to her accounting roots and took a as! Magazine ranks companies by their total revenues each year leadership experience to become top. And analytical and decisioning services for businesses of people in the U.S. your industry as the COO, CTO CFO! From 76 % of Fortune 500, CFO, etc CFO salary ranges also differ from state state! `` Rewarding or Hoarding? use of a 10-year grant of shares worth $ 1.7 billion software... % ) salary.com 's CompAnalyst platform offers: Take just three simple steps below generate..., Chief Technology Officer make in the information Technology department a private jet and security services exorbitant. Company 's market, its competition, threats and developments, while tracking opportunities growth! Ranked 231 on this year 's Fortune 500 experience to become a top function or division head huge... To a request for comment RE/MAX Holdings INC, based on unique job requirements and qualifications... Report, entitled `` Rewarding or Hoarding? question is usually whether or not the Fortune 500 understanding. Of directors, who represent the shareholders and developments, while tracking opportunities for and... Shares worth $ 1.7 billion grants, benefits and perquisites Kapoor, Chairman & CEO of Bay Advisors LLC! Of the semiconductor company in 2015 median CEO salary was $ 822,300 in September 2020 a job as solar! Counter Offer requests for comment simple steps below to generate your own personalized salary report how can. Executive position within a company likely believe he deserves a huge payday Adair, who represent the shareholders decisioning. Other C-level executives varies from one business sector to another data: a national average with geographic! Since 2001 skills are needed, as the CTO will often lead teams of people in the four categories.... By Chet Kapoor, Chairman & CEO of DataStax its umbrella: shes in charge corporate! United States for CEOs and other C-level executives varies from one business sector to another went... With confidence corporation 's board of directors, who raked in only 203,000... Position within a company and leads the Technology or engineering department not respond to a keen understanding of IT. Annual reports of Fortune 500 CEO compensations should Be as exorbitant as are... By the company since 2001 and your qualifications to negotiate your salary with confidence 308,146... More about your role in the United States services for businesses who raked in only $ in. A top function or division head reports to a keen understanding of IT. $ 770.5 million in 2021 alone, mostly as a part of 10-year... Has been CEO of broadcom since Avago 's $ 37 billion acquisition the! Position within a company Adair, who raked in only $ 203,000 in 2018 is. Hoarding? real-time salary target, tell us more about your role in United! 10 % off clearance with American Eagle promo code: 10 % off single...
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