Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. Jobs with a similar salary range to CTO : From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Hastings is the co-founder, CEO, and chairman of the streaming giant. But in most cases, its the CIO who oversees internal IT and its strategic value to the business, while the CTO stays on top of emerging technologies and creates policies and procedures that leverage technology to improve products and services delivered to customers. . What are the benefits of believing in God? The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. 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. Those that have already made the climb TransUnion provides risk and information solutions. 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. may allow this role to increase their income potential and qualify for promotions. Executive Managing Director, Express Employment Professionals - 33 Fortune 500 companies are led by female CEOs. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. Get Salary Data on All Global 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. How to become a CTO The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Average salary in Connecticut is $87,715 USD per year. 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. publications including About.com, Re/Max and American Express. 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 &. 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. Establishes overall direction and strategic initiatives for the given major function or line of business. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. Zippia Answers Job Search More answers below Anil Cheriyan has been in IT most of his career, working with systems, customer information, data warehousing and e-business engagements at PwC and helping financial services sector clients with business systems transformation, technology and process re-engineering initiatives at IBM Global Business Services. 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. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. El Paso, TX, gpac - 1821 salaries for 896 jobs at DXC Technology in Dudley, England. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. Additional pay could include cash bonus, commission, tips, and profit sharing. Next was Tim Cook, CEO of Apple Inc. with over $133 million and, rounding out the top three, was Tom Rutledge, CEO of Charter Communications Inc. at $116 million. Salaries posted anonymously by DXC Technology employees in Dudley, England. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). The result was a paycheck that was $1.1 million lighter at the end of the year. What is the average income in Connecticut? Being a CTO establishes technology standards and communicates technical information to the organization. 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. Fortune 500 employees in different sectors tend to have different salaries as well. Average Tenure. Vision: creating a vision or mission for a company, or building on its current mission. Where your job is located and the cost of living in your area may also impact your salary. 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. According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). In 2020, the top 10 companies on the Fortune 500 list were: Even though it is probably the most famous, the Fortune 500 is not the only list of top companies. Before joining Big Lots, her background was in planning at various department store brands. 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. Salesforce did not respond to a request for comment. The estimated total pay for a CTO is $259,880 per year in the United States area, with an average salary of $164,312 per year. The most accurate data ever CCPA Compliant GDPR Compliant 150M . Yearly Salary. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. 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. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Her accomplishments netted Warner a 2021 compensation package valued at almost $4.5 milliona tidy sum, but a fraction of the skyrocketing CEO paydays among Fortune 500 companies. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. The list can include public companies, private companies and cooperatives. Hurd stepped down in 2019, citing health issues, and Catz became CEO. Leadville, CO. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. Search thousands of open positions to find your next opportunity. Revenue for the company rose 14.9% in 2021. What is the average salary for a surgical technologist? 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. Sign-on equity most often came in the form of RSUs. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. Which is the best study material for FRM? Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. This is the third year in a row Careys been on our list; his compensation hasnt changed much but the fact that his contemporaries are making more moves him down the ranking. What is the average salary for a CT Tech? dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. Chief Technology Officer in Wilmington, DE. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. 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. 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.. How much money do people make at their job? How much does a CTO make in the United States? 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. 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. The average CEO salary of a California based CEO is $228,270. Typically reports to Chief Information Officer or Chief Executive Officer. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. Establishes technology standards and communicates technical information to the organization. The worlds largest enterprises use NETSCOUT to manage and protect their digital ecosystems. 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. 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. On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). 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. Salaries are different between men and women. Christa Terry March 23, 2020. Bend, OR, Addison Group - The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. The world's richest person also received the highest CEO compensation in 2021. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? Job Description for Chief Technology Officer. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. According to research by Equilar, in fiscal year 2019, the 50 highest-paid HR executives at Russell 3000 companies received an average annual compensation package of nearly $4.3 million, up from $3.6 million the year before. 201-500 Employees. 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. For a real-time salary target, tell us more about your role in the four categories below. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. 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