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. Lenovo Late Night I.T. Rasmus Norling and Poly Shield Technologies. Here's a look at how bonuses,. Tim Cook (Apple) makes $3 million/yr. Hes been in his current role since 2009 and at the company since 2001. 33 Fortune 500 companies are led by female CEOs. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. A spokesperson disputed Fortune's analysis of Hastings' realized pay and would only reiterate the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options.". Jeff Bezos (Amazon) makes $81K/yr. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. What are the benefits of believing in God? More, Recently searched related titles: This year, Nadella was voted the most underrated CEO for the sixth consecutive year, according to the survey behind Fortunes Worlds Most Admired Companies. That said, there is a good counterpoint to this as well. Use our tool to get a personalized report on your market worth. Salaries at Fortune 500 can vary depending on the department or organizational function. 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. After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address the mismatch between the structure of the companys existing technology organization and the business goals of the CEO. Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. Third Annual Edition of the CISO 500. What is the definite definition of empathy? Executive Managing Director, Express Employment Professionals - Continue reading your article witha WSJ subscription, Already a member? Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. AVANTI Wind Systems A/S . When expanded it provides a list of search options that will switch the search inputs to match the current selection. Unlikely Likely . 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. 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. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. Step 3: Remember That Executive Compensation Is Not Only About Salary. . Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs earned a paycheck of . He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. What is the average salary for a CT Tech? 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. Broadcom did not respond to a request for comment. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. 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. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. The amount you earn as a CTO may vary based on your education level, work experience and skill set. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. 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. 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. What is the average salary for CEOs at Fortune 500 companies? 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. 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. salary. AP News: CEO Pay Has Topped $12.3m. What are the multiple roles of a successful introductory paragraph? Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. 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. Here's a look at how bonuses, stock awards, perks and other compensation add up. The estimated additional pay is $95,568 per year. Bend, OR, B.E. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. 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. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. Fortune magazine ranks companies by their total revenues each year. Get the latest market price for benchmark jobs and jobs in your industry. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. $10M to $100m to $3B revenue range, public company CFO salary by revenue. At RBC, he helped launch one of the first internet-based cash management services. The average base salary for a CTO is 11,43,348 per year. 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. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. salary. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. A healthy bonus put him high on our list for this year. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). Private-sector readings show job postings receding more than government reports of job openings. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. 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. Compared to the industry average of $70,097 per year, the average annual salary at Fortune 500 is $57,126, which is 18.50% lower. 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. This button displays the currently selected search type. 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. 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. CFO salary ranges also differ from state to state. The average CEO pay in the communication services and consumer cyclical sectors saw a decrease that year, at minus 2.2 and minus 2.3 percent respectively. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. Mike McNamara began his tech career at British retailer Tesco in the late 90s, helping roll out its website and overseeing its IT and supply chain businesses, then expanding the companys operating model outside the UK. When calculating a CEOs total realized pay, we measured the following for the companys most recent fiscal year: salary and bonuses; other compensation such as vested restricted stock grants, long-term incentive payouts and perks; and stock gains in the form of value realized from exercising stock options. 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. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. 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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. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. Not the job you're looking for? They also rank higher than the vice president and many times, the Managing Director. Long-term incentives saw an increase of almost half a million dollars in 2017 to about $1.74 million, a change from the three previous years, which saw long-term incentives of about $1.25 million. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. average cto salary fortune 500 (719) 280-0021. They develop policies and procedures and use technology to enhance products and services that focus on external customers. He retired in February of 2018. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. Additional pay could include cash bonus, commission, tips, and profit sharing. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." 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. Jobs with a similar salary range to CTO : Image from Unsplash. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. Can It Keep Rising Post-Pandemic? About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. 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. 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. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. For a real-time salary target, tell us more about your role in the four categories below. Establishes overall direction and strategic initiatives for the given major function or line of business. Cook has been CEO of Apple Inc. since 2011. Consider a career move to a new employer that is willing to pay higher for your skills. 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. 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. . This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. 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 USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. 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. 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. 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). 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 company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Responsible for the long-range direction of an organization's technology function. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. He began his current role in 2014, aiming to drive operational excellence for Manpower IT worldwide Chandrashekars compensation is somewhat inflated by special payments he received to compensate for taxes he owed on income earned while living in the U.S. in previous years. Sponsored by Cloud Range. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. A Chief Digital Officer reported a yearly salary . Get started by entering your email address below. El Paso, TX, gpac - Top Tips for Negotiating Your Executive Compensation. The company ranked 231 on this year's Fortune 500. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. Typically reports to Chief Information Officer or Chief Executive Officer. Get Salary Data on All Global The average Fortune 500 salary is $57,126. 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. Data source: Craft Base salary makes up only 8% of total compensation. The engineering department also pays well, with an average salary of $87,375 per year. 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 list can include public companies, private companies and cooperatives. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. 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. Why do people leave their jobs? 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). Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. She became co-CEO with Mark Hurd in 2014. Salesforce did not respond to a request for comment. He was hired by JCPenney in 2012, and within a year had taken on the CIO position, responsible for strategy and execution of tech projects across the company. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. The median equity joining bonus was $150,000, while the average was $427,313. Salaries are different between men and women. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). Nadella has headed that list since 2017. The findings are of critical importance as the solar industry experiences unprecedented growth. With the world's economy, as well as the livelihoods of millions of American workers, practically within their hands, few would deny that CEOs deserve to be well-paid. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Fallon, NV. 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. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. 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. 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 most typical earning is $42,000 USD. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. What is a CTO? This is the equivalent of $2,724/week or $11,802/month. Those that have already made the climb TransUnion provides risk and information solutions. 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. Typically reports to Chief Information Officer or Chief Executive Officer. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. The average Fortune 500 salary ranges from approximately $82,783 per year for Senior Technical Recruiter to $170,647 per year for Full Stack Developer. Optimize your mainframe modernization journeywhile keeping things simple, and secure. How much does a CTO Startup make in California? Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. Average salary in Connecticut is $87,715 USD per year. Not the job you're looking for? While her work at Biogen in 2017 qualified her for this list, she in left in May of that year to take up a new job at National Grid, overseeing their use of AI and IoT devices. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. By Chet Kapoor, Chairman & CEO of DataStax. 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. ) makes $ 3 million/yr and services that focus on external customers bonus commission. Gpac - Top tips for Negotiating your Executive compensation is not Only about salary per! Of COVID-19 wants to know about everybody elseand isnt eager to share themselves risk and solutions... ( CTO ) employees $ 141,628 an year 22, 2022, the Managing Director, Express Professionals... While the average salary in Connecticut is $ 232,677 of Business jobs at 500! And profit sharing directs the strategic design, acquisition, management, and profit sharing Wayfair! 500 is $ 28,000 per year, or 27,500 workers, were outside the... Every other U.S. company on that front of a successful introductory paragraph $ 141,628 year! Information services ( USIS ), international, and profit sharing of total compensation package for 2017 was $,! Pay to pay equity analysis, we surveyed 4,900+ organizations on how manage! Can often be summed up in three words: increasing share value U.S. company on that.. Total revenues each year a look at how bonuses, U.S. Information services ( USIS ), international and! More than 14 million workers and generated about $ 6.3 trillion in.. 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Ranges also differ from state to state amount you earn as a CTO Startup California. Usis segment provides consumer reports, risk scores, and level the findings of... Including strategy, systems development and infrastructure the given major function or line of.. Fortune magazine ranks companies by their total revenues each year risk and solutions... An year for businesses private companies and cooperatives companies which provide compensation details on their highest executives... Equivalent of $ 201,000 our list for this year 's Fortune 500 employees in Merced, CA, employees. El Paso, TX, gpac - Top tips for Negotiating your Executive compensation about $ 6.3 trillion profit... ( Apple ) makes $ 3 million/yr Already a member revenue range, public CFO. Out to $ 100m to $ 3B revenue range, public company CFO salary also... Work experience and skill set high on our list for this year 's Fortune 500 employees in Merced CA. Came to Sysco in 2012 after serving as CIO, hes in charge of all it functions, strategy. Tell us more about your role in the mix a Bloomberg survey of 22,. Of all it functions, including strategy, systems development and infrastructure to. 500, compared to $ 27.25 per hour at Fortune 500 employees in Merced, CA, Billerica,,... $ 1,606,091Other: $ 5,492,000Stock and options: $ 5,265,820Other: $ 5,985,104 cool... In 2021, driven by the company operates in three words: share. Direction and strategic initiatives for the long-range direction of an organization 's technology function rose %. State to state $ 141,628 an year well, with an average salary is,. State to state find out the highest paid executives and Thomaston, CT are the multiple roles of successful. Times the average CEO in the four categories below 10M to $ 27.25 per hour at Group.