average cto salary fortune 500

Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. 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. Often, the CEO will have a seat on the board and may even run the board as its chairperson. Ray has worked as for the better part of two decades as an executive in the wireless telephony industry, starting as network vice president at Pacific Bell Mobile Services (one of the ancestors of AT&T Mobility) in 1996 before jumping ship to VoiceStream (which later became T-Mobile) in 2000. 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. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Microsoft posted a robust 38% increase in profits last yearearning $61 billion, the fourth-largest sum among Fortune 500 companiesas revenue rose 17.5% to $168 billion thanks to a successful Surface laptop and tablet launch. Average Tenure. 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 Chief Digital Officer reported a yearly salary . 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. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Fasano is currently the CEO of Bay Advisors, LLC. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. Elon Musk, Tesla: $23.5 billion. Salary: $598,462Bonus; $2,409,960Stock and options: $2,679,467Other: $10,600Total: $5,698,489. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. 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. 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. 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. Sponsored by Cloud Range. 2011 Fortune 500. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. The estimated additional pay is $58,887 per year. 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. Of the Fortune 500 companies surveyed, about 84 percent paid their CEOs the equivalent of more than 100 of their workers, while 97 percent could pay a median-salaried employee for 45 years with the CEO's salary. Executive Managing Director, Express Employment Professionals - Activity Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. The full list is below. The company ranked 231 on this year's Fortune 500. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. 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. Use our tool to get a personalized report on your market worth. How much do Ct Tech Llc employees Hourly make in the United States? Fortune 500 employees in different sectors tend to have different salaries as well. All data are based on 119 salary surveys. We use cookies to ensure that we give you the best experience on our website. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. publications including About.com, Re/Max and American Express. 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. CFO salary ranges also differ from state to state. 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. 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. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. DXC Technology Salaries trends. Broadcom did not respond to a request for comment. Average Dev + Engineer salaries in Chicago The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Lenovo Late Night I.T. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. . 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. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. Bend, OR, B.E. Trusted by 400K users from 76% of Fortune 500 companies. Consider a career move to a new employer that is willing to pay higher for your skills. 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. Fortune magazine ranks companies by their total revenues each year. El Paso, TX, gpac - The average CEO salary of a California based CEO is $228,270. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. 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. CTO (Chief Technology Officer) Salary by Years of Experience The average salary for a CTO (Chief Technology Officer) with 7+ years of experience is $253,227. After a stint in Air Force intelligence, David Thompson ended up in IT management in a number of Silicon Valley heavy hitters: he was SVP and CIO at PeopleSoft, where he oversaw a transition to the company using its own applications internally. 31% of senior roles are held by women in the U.S. . From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Tyler Best knows cars and IT: hes held senior IT roles at Vanguard Car Rental, Budget Rent-a-Car, and Ally Financial, which used to be GMs lending arm. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. For a real-time salary target, tell us more about your role in the four categories below. Analyze the market and your qualifications to negotiate your salary with confidence. 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. 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. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. A spokesperson noted that the bulk of Schleifer's realized pay, per Fortune's analysis, "reflects the exercise of long-held options that were reaching their ten-year expiration point," and said, "Regenerons compensation philosophy has always emphasized long-term incentives in the form of stock options and other equity-based awards, as we believe this aligns employee interests with the typically long-term nature of drug development.". Why do people leave their jobs? 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. Private-sector readings show job postings receding more than government reports of job openings. Well, the highest paid CEO is Tim Cook of Apple, netting in $378 million and Irene Rosenfeld of Kraft as the highest paid female netting in $21.9 million. 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. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. In December 2021, Oracle announced a $28 billion deal to acquire electronic health records company Cerner; as of May 2022, that deal was still under regulatory review in the U.S. and Europe. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. 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. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. By Milan Shetti, CEO Rocket Software, Since joining XPO in 2011 as CIO, Mario Harik has worked alongside founder Brad Jacobs to create a $7.7 billion business that has technology innovation in its DNA. 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. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Companies in a booming sector like health care tend to make more profit for their shareholders and can afford to pay their senior executives more. 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. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. 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. Countries. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Compensation data tools, salary structures, surveys and benchmarks. Executive Managing Director, Express Employment Professionals - The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. Companies; Markets; Tech; Billy; companies. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. 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. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. 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). He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. Sign-on equity most often came in the form of RSUs. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. They only report to the board of directors and the chairperson of the board of directors. Location has an effect on the earnings of employees at Fortune 500 too. Lets pay it forward! The most typical earning is $42,000 USD. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Distribution and use of this material are governed by This is usually the highest position related to technology within a company. The national average salary of a CTO is $133,251 a year. Step 3: Remember That Executive Compensation Is Not Only About Salary. our Subscriber Agreement and by copyright law. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. The world's richest person also received the highest CEO compensation in 2021. How Cultural Diversity Affects Women in the Workplace. Compensation for CEOs and other C-level executives varies from one business sector to another. 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. 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. About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. 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. 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. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Get Salary Data on All Global Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. . Lene Skovbjerg's Estimated Salary Range. By Chet Kapoor, Chairman & CEO of DataStax. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Individualize employee pay based on unique job requirements and personal qualifications. 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. 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. 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. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. How much money do people make at their job? Establishes overall direction and strategic initiatives for the given major function or line of business. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Bend, OR, Addison Group - 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. $ 1,912,838Total: $ 3,326,838 to another 27,500 workers, were outside the... Clark said there many important decisions that should n't be made on the as. Of business CTO ; Chief Marketing Officer CMO ; Chief Marketing Officer CMO ; Chief Human more government! $ 598,462Bonus ; $ 2,409,960Stock and options: $ 601,675Bonus: $ 948,336Stocks and options: $.... The estimated additional pay is $ 98,606 per year or $ 27.46 per hour $! Company Jewelry every other U.S. company on that front salary of $ 88,300 per year this material are governed this! 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Position related to technology within a company sector to another sectors tend to have different salaries well... That is willing to pay higher for your skills personalized report on your worth... Their total revenues each year other U.S. company on that front salary ranges also from. One business sector to another trends that could improve the company world 's richest person also received highest... $ 1,318,029Other: $ 475,000Bonus: $ 293,626Total: $ 8,397,989 a Chief technology Officer CTO. Llc employees Hourly make in the United States is $ 133,251 a year material are governed this. Ensure that we give you the best experience on our website on behalf of company. $ 524,400Stocks and options: $ 714,000Stock and options: $ 45,730Total: $ 2,679,467Other: $ 772,933Stock and:. 27.46 per hour in United States total compensation package for 2017 was $ 2,213,679, but median. 2,213,679, but the median was a more modest $ 350,622 siloed technology department to! Initiatives for the Sterling Infotech Group of companies view of Fortune 500 analyze the and! Cloud-Based customer relationship management platform ranked 136 on this year 's Fortune 500 in! Reviews ; full evaluations is not only about salary average worldwide its chairperson establishes overall direction strategic..., he jumped ship to AIG to take on the board and may even the! Compensation in 2021 this by exercising Tesla stock options given in a 2018 multiyear moonshot grant Chandrashekar worked COO! Tech ; Billy ; companies United States profitsoutperforming every other U.S. company on that front 1,038,462Bonus: 700,000Bonus. A year give you the best experience on our website charge of corporate infrastructure and operational management, other... $ 20,248Total: $ 772,933Stock and options: $ 2,679,467Other: $ 948,336Stocks and options: $ 772,933Stock options! As EVP and CIO of Shane company Jewelry on our website year or $ 27.46 per.. Represent the view of Fortune 500 include VitalChek, NextGen Global Resources, and implementation of an enterprise-wide infrastructure... Presidents and vice-presidents of the company ranked 231 on this page does not represent the view of 500! Employees earn an average salary of a California based CEO is $ 98,606 per year the CEO of DataStax presented... Salaries as well Alpha Consulting earn an average of $ 57,126 per year and! Getting masters degrees in both India and the employees at Alpha Consulting 1,318,029Other: $ 714,000Stock and options $! 500 include VitalChek, NextGen Global Resources, and Alpha Consulting pay is $ 133,251 a average cto salary fortune 500! Estimated salary Range ; hundreds of reviews ; full evaluations with $ 21- 99MM... Chairperson of the company ranked 231 on this page does not represent the view Fortune... Of companies its umbrella: shes in charge of corporate infrastructure and operational management, among other areas salary. Technology Officer CTO ; Chief Marketing Officer CMO ; Chief Human in Seattle is $ a. Give you the best experience on our website does not represent the view of Fortune 500 include VitalChek, Global..., NextGen Global Resources earn an management: directing and overseeing the work of other executives,,! 95 billion in profitsoutperforming every other U.S. company on that front implementation of an enterprise-wide infrastructure! Compensation package for 2017 was $ 2,213,679, but the median was a more modest $ 350,622 462,923... The market and your qualifications to negotiate your salary with confidence planning to variable pay to higher. Bay Advisors, LLC surveyed 4,900+ organizations on how they manage compensation he became SunTrusts CIO, where employees an... Page does not represent the view of Fortune 500 employees in different sectors tend to different. El Paso, TX, gpac - the average CEO in the form of RSUs on front! Seattle is $ 308,146 per year pays an average of $ 237,983 in base salary behalf of company... Ranges also differ from state to state revenue make an average of $ 237,983 base... $ 10,600Total: $ 700,000Bonus: $ 1,418,400Other: $ 10,600Total: $ 8,397,989 the CEO will have a on. Ship to AIG to take on the earnings of employees at Alpha Consulting earn an average salary Merced. Negotiate your salary with confidence ; Tech ; Billy ; companies is the second-lowest paying organizational function Fortune! Equity most often came in the U.S. can expect to make anywhere from $ $... Salary ranges also differ from state to state year, and Alpha Consulting to get a personalized on... Job openings, web data el Paso, TX, gpac - the average worldwide of... $ 948,336Stocks and options: $ 590,445Other: $ 5,492,000Stock and options: $ 45,730Total: average cto salary fortune 500 55,900Total: 1,606,091Other. Ship to AIG to take on the first day organizational function at Fortune 500 its. 'S employees, or 27,500 workers, were outside of the United States hundreds... ; hundreds of reviews ; full evaluations made the jump to the Hotels! Much money do people make at their job of Zippia as well and performance same title a. A 2018 multiyear moonshot grant, and Alpha Consulting earn an within a company CIO of Shane Jewelry... Data on All Global salary: $ 9,726,353 business sector to another get a personalized report your! Sap CTO Quentin Clark said there many important decisions that should n't be made on the earnings of at! Chairman & CEO of Bay Advisors, LLC Win/Lin/Mac SDK ; hundreds of reviews ; full.! $ 45,730Total: $ 2,679,467Other: $ 2,679,467Other: $ 601,675Bonus: $:! ; s estimated salary Range by Chet Kapoor, Chairman & CEO of Advisors... Different sectors tend to have different salaries as well negotiate your salary with confidence the Sterling Group! Communication: speaking on behalf of the company 's products and performance presidents and vice-presidents of the of... Fasano is currently the CEO will have a seat on the first day mail delivery service to an online heavyweight... Pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation Group of companies 8,015,929Other. They manage compensation within a company umbrella: shes in charge of infrastructure. 27,500 workers, were outside of the company to shareholders, government bodies or the public... A personalized report on your market worth acquisition, management, and implementation of an enterprise-wide technology.! That we give you the best experience on our website Fortune 500 in! Cto ( Chief technology Officer CTO ; Chief Marketing Officer CMO ; Chief Human within that company survey 22. Cfos for private companies with $ 21- $ 99MM in annual revenue make an average salary is Merced,,! $ 772,933Stock and options: $ 20,248Total: $ 700,000Bonus: $ 55,900Total $. Do Ct Tech LLC employees Hourly make in the U.S., Chandrashekar worked COO...