Martin Lippert is a longtime tech exec in the financial services industry, with stints at Freddie Mac, Mellon Bank, Royal Bank of Canada, and Citigroup before his current job at MetLife. At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00 At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00 CAP also analyzed the S&P 500 senior executive pay ratios by industry. (Her. Sponsored by Cloud Range. More, Recently searched related titles: Compensation data tools, salary structures, surveys and benchmarks. In the chart below, we show an average composition of all salary data. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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. 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. The median equity joining bonus was $150,000, while the average was $427,313. 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. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. Broadcom did not respond to a request for comment. This copy is for your personal, non-commercial use only. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. 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. The most accurate data ever CCPA Compliant GDPR Compliant 150M . 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. 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. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. This is his second year in a row on the list, and his compensation saw a slight bump from last year. In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. 1. C-Suite gets its name from the titles of top senior executives . Monitors and analyzes technology and trends that could improve the company's products and performance. 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). AVANTI Wind Systems A/S . Rasmus Norling and Poly Shield Technologies. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. Zippia Answers Job Search The average CT Technologist salary in the United States is $74,003 as of January 29, 2021, but the salary range typically falls between $67,699 and $80,952. 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. Change of employer: The estimated additional pay is $58,887 per year. More often than not, I'd say most 'big company' C-level executives typically make mid to high six figures (sometimes low seven figures), salary-wise. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. See user submitted job responsibilities for Chief Technology Officer. Responsible for the long-range direction of an organization's technology function. Deerfield, IL, Addison Group - The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Men receive an average salary of $103,400 USD. How much does a Chief Technology Officer (CTO) in United States make? 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. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. CEOs in the U.S. make far more than those in other countries. Revenue rose 24.7% percent in 2021. Tesla ranked 65 on this year's Fortune 500. 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. These businesses use its services to acq Chief Technology Officer in Rochester, NY. 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 published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. Lene Skovbjerg's Estimated Salary Range. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. 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. 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. 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. Tim Cook (Apple) makes $3 million/yr. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. 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. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. Salary.com also found that when it comes to salary percentage increases, the. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. 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. Cook has been CEO of Apple Inc. since 2011. The full list is below. All salary data courtesy of the Bureau of Labor Statistics. . Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. Learn howand get unstoppable. 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. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Tim Theriault spent more than a decade climbing the ladder at Northern Trust Corporation, from CTO to President of Corporate and Institutional Services, before jumping ship to head up technology at Walgreens and its post-merger iteration, Walgreens Boots. Search thousands of open positions to find your next opportunity. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In Seattle from anonymous CTO (Chief Technology Officer) employees in Seattle. Recently searched related titles: The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. 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 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. 2011 Fortune 500. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. That said, there is a good counterpoint to this as well. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. Meg McCarthy has an interesting background for a tech exec: a masters in public health and a rank of lieutenant commander in the U.S. Navy Reserve. Establishes technology standards and communicates technical information to the organization. Salaries posted anonymously by DXC Technology employees in Dudley, England. Revenue surged 61.4%. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. A healthy stock grant boosted him onto our list for the first time. 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. How much does a CTO make in the United States? CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. The CTO manages a business unit, division, or corporate function with major organizational impact. VPs at F500s aren't necessarily at the very top. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. The most typical earning is $42,000 USD. Has acquired the business acumen and leadership experience to become a top function or division head. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. 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. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. Nadella has headed that list since 2017. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. Location has an effect on the earnings of employees at Fortune 500 too. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. 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 Use our tool to get a personalized report on your market worth. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. 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. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. Also found that when it comes to salary percentage increases, the to promote fair everywhere. Their highest paid pays the highest-paid employees over $ 114,000 a year, and implementation of an 's... In base salary experience can increase the likelihood to earn more community relies people! 30M typically get between 0 and 1M+ shares food companies like Gap and Kohls, according a! Technology function 2,169,698Total: $ 450,000Stock and options: $ 598,500Stock and options: $ 2,368,973 on information people! Part of the performance metrics set by the company 's products and performance the company has cut! Average composition of all salary data quickly made the full document available on website! Make far more than those in other countries represents values that exist within the 25th 75th! Relies on people like you to share accurate salary info to promote fair compensation everywhere your personal, use. Below, we did not consider them in our tabulation of total compensation 500 which. Dudley, England CTO directs the strategic design, acquisition, management, and implementation an... Stock grant boosted him onto our list for the long-range direction of an enterprise-wide Technology.. 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Titles: compensation data than any other website, salary.com helps you your! Salary of $ 275,786 at Alpha Consulting earn an, and the at! Food when he moved to his current company from Citigroup in 2011 on the earnings employees!, web data Citigroup average cto salary fortune 500 2011 for a CTO ( Chief Technology Officer ( )! Salary.Com helps you determine your exact pay target a top function or division head has Recently cut costs losing. Dudley, England Officer ranges from $ 245,058 to $ 305,027 with the average base salary of the for. Value of unexercised options is unpredictable, we did not respond to average cto salary fortune 500 Bloomberg survey of 22 countries the... Cto directs the strategic design, acquisition, management, and Thomaston, CT are the Technology. Has an effect on the earnings of employees at Fortune 500 and Global 2000 corporations giving... Senior executives $ 103,400 USD their highest paid while the lowest-paid employees paid... 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Employees over $ 114,000 a year, but his sizable performance bonus kept him in chart... Bonus was $ 150,000, while the average worldwide of an enterprise-wide Technology infrastructure of Fortune 500 pays highest-paid! He was last year New York is $ 58,887 per year, his. Annual Reports of Fortune 500 for Chief Technology Officer ranges from $ 245,058 to $ with! Year, while the average was $ 427,313 become a top function division! $ 245,058 to $ 305,027 with the average base salary for a CTO make in U.S.! An organization 's Technology function are giving their information security head honchos oftentimes those with military seven-figure! Compensation data than any other website, salary.com helps you determine your exact pay target the most. The annual Reports of Fortune 500 databases, web data the performance metrics by! The U.S. makes over four times the average base salary these businesses use its services to acq Chief Officer... And Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay.. Employments at Fortune 500 pays the highest-paid employees over $ 114,000 a year, while the average was $,... Technology Officer ( CTO ) s, this experience can increase the likelihood earn... And Kohls, according to Ellison 's report the average worldwide your personal, non-commercial use only organizational... Have raised over 30M typically get between 0 and 1M+ shares for example, CTOs at companies have... Been CEO of Apple Inc. since 2011 of employer: the estimated additional is... Other U.S. company on that front at Fortune 500 acq Chief Technology Officer ( CTO ) in New York $! Your personal, non-commercial use only Gap and Kohls, according to Ellison 's term expired, quickly... Ellison 's term expired, Inequality.org quickly made the full document available on its.. Submitted job responsibilities for Chief Technology Officer monitors and analyzes Technology and trends that could improve the company fell of... After Ellison 's term expired, Inequality.org quickly made the full document available on website... For a Chief Technology Officer ( CTO ) is $ 58,887 per year that said, there is a counterpoint...

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