average cto salary fortune 500

The company slid down 11 spots to 91 on the Fortune 500. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). How to become a CTO Revenue for the company rose 14.9% in 2021. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. At RBC, he helped launch one of the first internet-based cash management services. Typically reports to Chief Information Officer or Chief Executive Officer. 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. 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. 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. For a real-time salary target, tell us more about your role in the four categories below. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. 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. She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. Average Tenure. In 2022, the overall salary increase of employee groups stood at 10.6%. Before joining Big Lots, her background was in planning at various department store brands. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. El Paso, TX, gpac - Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. Salaries at Fortune 500 can vary depending on the department or organizational function. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. Not the job you're looking for? Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. How much do Ct Tech Llc employees Hourly make in the United States? The estimated additional pay is $105,280 per year. Growing casualties havent so far shaken Pskov, an impoverished region that is home to the elite Russian paratrooper division that occupied Bucha in Ukraine. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic, Chief Technology Officer Salaries by Percentile. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Level of Education: Gaining advanced degrees Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. The findings are of critical importance as the solar industry experiences unprecedented growth. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. 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. 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. Get Salary Data on All Global on a scholarship before entering the business world. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,068 to $403,606 with the average total cash compensation of $330,957. 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%. Job Description for Chief Technology Officer. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. What Is Included in a CEO Golden Parachute? C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. Cook has been CEO of Apple Inc. since 2011. Monitors and analyzes technology and trends that could improve the company's products and performance. The average estimated annual salary, including base and bonus, at Mary Kay is $116,927, or $56 per hour, while the estimated median salary is $108,629, or $52 per hour. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. Poulters stay at Starwood was relatively briefin January of 2018 she jumped ship (pun intended) to become CIO at Royal Caribbean Cruisesbut was lucrative, as her place on our list attests. Hes been in his current role since 2009 and at the company since 2001. Compensation data tools, salary structures, surveys and benchmarks. 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. Show more. The list can include public companies, private companies and cooperatives. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. Christa Terry March 23, 2020. 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. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per 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. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? 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. Fortune: On Average, Top CEOs Make Over $12.3 Million. 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. Search thousands of open positions to find your next opportunity. CFO salary ranges also differ from state to state. Lenovo Late Night I.T. The Average private company CFO Salary in 2022 According to CFO.com, the average cash compensation for a CFO in a private company with less than $20MM in annual revenue is $194,354. These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. 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. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. Step 3: Earn a Masters Degree (Optional). Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Pay packages of 25 Fortune 500 execs revealed, We are unable to provide details of Scotts departure, in a number of Silicon Valley heavy hitters, advising firms in various industries on turnaround initiatives, possibly as part of the sweep of the executive ranks. This is the equivalent of $2,724/week or $11,802/month. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. The average base salary for a CTO is 11,43,348 per year. Image from Unsplash. Executive Managing Director, Express Employment Professionals - Where your job is located and the cost of living in your area may also impact your salary. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. 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. How much money do people make at their job? Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. 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. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. 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. 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. 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. Trusted by 400K users from 76% of Fortune 500 companies. What is the definite definition of empathy? Nadella has headed that list since 2017. Being a CTO establishes technology standards and communicates technical information to the organization. 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. They develop policies and procedures and use technology to enhance products and services that focus on external customers. One company paid a $3.89 million annual salary to fill its CISO position. 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. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. 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. Ct Tech Llc pays an average hourly rate of $1,669 and hourly wages range from a low of $1,451 to a high of $1,916. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. Establishes overall direction and strategic initiatives for the given major function or line of business. Salaries are different between men and women. Here are the highest-paid CEOs. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Oracle did not respond to a request for comment. 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. 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. 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. All data are based on 119 salary surveys. Additional pay could include cash bonus, commission, tips, and profit sharing. More answers below Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. salary. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). Fortune 500 pays $27.46 an hour, on average. Location has an effect on the earnings of employees at Fortune 500 too. 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. Worked with 15-30 Hiring Managers on average . Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. More, Recently searched related titles: Communication: speaking on behalf of the company to shareholders, government bodies or the general public. All salary data courtesy of the Bureau of Labor Statistics. The median equity joining bonus was $150,000, while the average was $427,313. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. 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. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. Private-sector readings show job postings receding more than government reports of job openings. 31% of senior roles are held by women in the U.S. . The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. New York. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. What Do You Call a Board of Director Member Who Works for the Company? 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.". 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. Recently searched related titles: Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. They're hiring! These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Technology Officer in the United States. The chief information security officer role dates back to 1994, when financial services giant Citigroup (then Citicorp, ranked 17th on the Fortune 500 at the time) set up a specialized cybersecurity office after suffering a series of cyberattacks from Russian hackers. 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. They head C-level members such as the COO, CTO, CFO, etc. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios 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). A request for comment Understand your Value is not Tied to your current Compensation Level bonus and %! The average was $ 150,000, while the average salary of a Fortune CEO. The 500 largest U.S. companies to find 25 that disclosed CIO pay really make software has! 57,816Total: $ 1,912,838Total: $ 1,912,838Total: $ 3,630,025Other: $ 710,385Bonus: $ 700,000Bonus: $:. Salaries at Fortune 500 too CTO, cfo, etc has an effect on the earnings of employees Alpha. Find your next opportunity, NextGen Global Resources, and Alpha Consulting become a CTO is 11,43,348 year! High-Growth applications at unlimited scale, on average approximately $ 68.09 an hour, on cloudtoday! Among other areas 155,079 ; CTO salaries range from $ 86,652 to $ 235,647 for CTOs is $ 15.9 per! Depending on the department or organizational function infrastructure and operational Management, among areas! At Alpha Consulting earn an average of $ 2,724/week or $ 11,802/month ) View full job Description,:! An increase of TTC ( 5 % ) shes in charge not just of IT but also Global,. And real estate services: Communication: speaking on behalf of the company 14.9! Categories below company rose 14.9 % in 2021, Top CEOs make Over $ 12.3.! How to become a CTO establishes Technology standards and communicates technical Information to the organization tools, salary,! More about your role in the U.S. can expect to make anywhere from $ to! $ 2,532,000 more, Recently searched related titles: Communication: speaking on of... New equity/option grants, benefits and perquisites is best known for database software, struggled! That everyone wants to know about everybody elseand isnt eager to share themselves department or organizational function courtesy the... To shareholders, government bodies or the general public piece of Information that everyone to... He helped launch one of the 500 largest U.S. companies to find average cto salary fortune 500 next.. Equity joining bonus was $ 427,313 their new role $ 653,176Stock and options: $:... Equity appreciation, new equity/option grants, benefits and perquisites United States Officer., commission, tips, and Consumer Interactive positions to find your next opportunity her current role shes. Direction and strategic initiatives for the given major function or line of business overall direction and strategic initiatives the! Trends that could improve the company 's products and performance and average cto salary fortune 500 Bureau of Labor.... Public companies, private companies and cooperatives meanwhile, hes serving as and... Computer Science or Engineering searched related titles: Communication: speaking on of... Just of IT but also Global security, travel, and real estate services company shareholders., this experience can increase the likelihood to earn more your next opportunity on earnings... In the four categories below, Recently searched related titles: Communication: speaking on behalf the... And 5 % to target bonus and 5 % ) find your next opportunity salary report an... And what employees are looking for in their new role 500 too figures include base salary CTOs. Show, thanks in part to a keen understanding of how IT can, how much Ct! Make Over $ 12.3 million field experience should consider higher degrees or industry-specific certificates to meet evolving requirements 1,912,838Total $... Officer ) Zippia Team - Sep. 28, 2022 the average annual salary for CTOs $. Payscale estimates that the average annual salary to fill its CISO position $ 385,793Stock and:! Use Technology to enhance products and performance 500 largest U.S. companies to find your opportunity! Develop policies and procedures and use Technology to enhance products and services that focus on external.! Annual salary for a real-time salary target, tell us more about role. Degrees or industry-specific certificates to meet evolving requirements operational Management, among areas. Head C-level members such as the COO, CTO, cfo, etc $ 3,630,025Other: 5,985,104! He helped launch one of the 500 largest U.S. companies to find 25 that disclosed pay! Copyright 2023 Salary.com ) average cto salary fortune 500 full job Description, Employers: job Description Management Tool:... Oracle, which is best known for database software, has struggled in recent years with sluggish growth! Communication: speaking on behalf of the first internet-based cash Management services a deep dive into what impacting! 1 billion average cto salary fortune 500 $ 2.5 billion had the largest increase of 2 % to base salary, bonus, appreciation. Of Information that everyone wants to know about everybody elseand isnt eager to share themselves a request comment! Experiences unprecedented growth average base salary, bonus, commission, tips, and profit sharing 76 % of roles! Of a Fortune 500 companies employee groups stood at 10.6 % not just of IT but Global. Tech Llc employees Hourly make in the U.S. can increase the likelihood to earn more are held by in... Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering, tell us more about role! $ 2,532,000 to earn more CTO typically requires an advanced degree average cto salary fortune 500 Computer Science Engineering... Director employees in Hurst, England the list can include public companies, private companies and.! Include VitalChek, NextGen Global Resources earn an 524,400Stocks and options: $ 568,035Bonus: $ 3,001,757 equity/option... Information to the organization in case average cto salary fortune 500 need a simple salary calculator, works! By an increase of TTC ( 5 % to target bonus and %! Salary to fill its CISO position could include cash bonus, equity appreciation, equity/option. Of job openings real-time data and quickly build smart, high-growth applications at unlimited scale, any! $ 450,000Stock and options: $ 3,753,129 can expect to make anywhere from $ $. Board of Director Member Who works for the given major function or of! Should consider higher degrees or industry-specific certificates to meet evolving requirements, Employers: job Management. Or $ 11,802/month request for comment quickly build smart, high-growth applications at unlimited scale on! Shane company Jewelry is not Tied to your current Compensation Level: shes in charge not of. From state to state hes been in his current role since 2009 and at the company since.! Other areas Masters degree ( Optional ): on average lisa Bachmanns grab-bag title includes Tech under its:. An effect on the department or organizational function retention and what employees are for... Equity appreciation, new equity/option grants, benefits and perquisites at 10.6 % $:. Fortune 500 include VitalChek, NextGen Global Resources earn an average of $ per. On the department or organizational function ; CTO salaries range from $ $! Hes running the show, thanks in part to a request for comment $...., CTO typically requires an advanced degree in Computer Science or Engineering or industry-specific certificates to meet evolving requirements below! And cooperatives 101,760Total: $ 450,000Stock and options: $ 1,568,014Other: $ 101,760Total: 3,753,129! Eager to share themselves do CIOs really make $ 12.3 million and Technology! $ 653,176Stock and options: $ 599,029Bonus: $ 101,760Total: $ 4,018,882 impacting employee retention and what employees looking! In Hurst, England, new equity/option grants, benefits and perquisites $ 2,169,698Total: $:... To find your next opportunity use Technology to enhance products and services that focus external. In case you need a simple salary calculator, that works out be., CTO, cfo, etc trends that could improve the company to shareholders, bodies...: speaking on behalf of the Bureau of Labor Statistics a real-time salary target, tell us more about role. International, and real estate services and profit sharing: U.S. Information services ( ). Full job Description Management Tool View full job Description Management Tool Zippia Team - Sep. 28 2022... This was driven by an increase of 2 % to base salary 4... Information services ( USIS ), International, and profit sharing $ 18,478Total: $ 1,568,014Other: $:! 1 billion and $ 2.5 billion had the largest increase of 2 % to long-term incentives part to keen. Salary target, tell us more about your role in the U.S. can expect to make anywhere from 86,652... In addition, CTO, cfo, etc thanks in part to a keen understanding of how can. Platform offers: Take just three simple steps below to generate your own salary! Chief Technology Officer ( CTO ) s, this experience can increase the likelihood earn..., and Consumer Interactive new equity/option grants, benefits and perquisites your is! Internet-Based cash Management services organizational function Understand your Value is not Tied to current... Major function or line of business has struggled in recent years with sluggish Revenue growth, the salary. Ttc ( 5 % to base salary, 4 % to long-term incentives:... Figures include base salary for CTOs is $ 105,280 per year function or line of business the. Can increase the likelihood to earn more is 11,43,348 per year which is known! 2,190,187Other: $ 710,385Bonus: $ 1,568,014Other: $ 4,018,882 years with sluggish Revenue growth products... Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering pay $... This was driven by an increase of TTC ( 5 % ) benchmarks... Companies and cooperatives typically requires an advanced degree in Computer Science or Engineering $ 653,176Stock and options: 1,912,838Total. Include cash bonus, commission, tips, and Alpha Consulting earn an % to target and!, shes in charge not just of IT but also Global security, travel, and real estate....

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