average cto salary fortune 500

While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). . 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. Fallon, NV, Custom Computer Specialists - Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Martha Poulter worked her way up through the IT department at GE over two decades, starting out as a systems analyst before eventually becoming CIO and VP in 2010. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. How much do Ct Tech Llc employees Hourly make in the United States? How much does a Chief Technology Officer (CTO) in United States make? Men receive an average salary of $103,400 USD. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. The result was a paycheck that was $1.1 million lighter at the end of the year. 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 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. $10M to $100m to $3B revenue range, public company CFO salary by revenue. Revenue surged 61.4%. Unlikely Likely . These Fortune 100 employers have at least 350 openings each. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. 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. 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. 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. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. The national average salary of a CTO is $133,251 a year. The total salary of a CEO is broken down into seven categories: base salary, bonus, stock awards, option awards, non-equity incentives, pension value, and "other" compensations. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. Learn howand get unstoppable. Here are the highest-paid CEOs. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. 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. This button displays the currently selected search type. Location has an effect on the earnings of employees at Fortune 500 too. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. 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. A chief technology officer is part of an executive team in a company. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. 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. 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. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Typically reports to Chief Information Officer or Chief Executive Officer. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. The public energy sector was the second-highest-paying . 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. 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. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. They head C-level members such as the COO, CTO, CFO, etc. Fortune 500 pays $27.46 an hour, on average. 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. 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. Managing Experience: If you are a Chief Technology Officer (CTO) Continue reading your article witha WSJ subscription, Already a member? Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. 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. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Lene Skovbjerg's Estimated Salary Range. This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. What your skills are worth in the job market is constantly changing. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. The world's richest person also received the highest CEO compensation in 2021. 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). Revenue rose 24.7% percent in 2021. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. C-Suite gets its name from the titles of top senior executives . 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. They only report to the board of directors and the chairperson of the board of directors. New York. He or she leads the efforts of the technology development within the company. Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. How much does a Chief Technology Officer make in the United States? Corporate executives account for two-thirds of the richest 1 percent of American households. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! 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. 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. 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. 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. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. Recently searched related titles: Individualize employee pay based on unique job requirements and personal qualifications. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Is Average Chief Technology Officer (CTO) Salary your job title? Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. Lets pay it forward! Jeff Bezos (Amazon) makes $81K/yr. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. Step 5: Be Prepared to Provide a Counter Offer. How much does a Chief Technology Officer make in the United States? 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). By Chet Kapoor, Chairman & CEO of DataStax. our Subscriber Agreement and by copyright law. $320,000. 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 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. 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 &. While Eastman exceeded its targets for growth and innovation, the amount of cash generated by the company that year, as well as employee safety targets, were not met. 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. For a real-time salary target, tell us more about your role in the four categories below. How much does a CTO make in the United States? Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. Mark Zuckerberg (Facebook) takes a dollar token salary. (Her. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : 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. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Many of Nadella's peers likely believe he deserves a huge payday. Search thousands of open positions to find your next opportunity. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. 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. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. . Sign-on equity most often came in the form of RSUs. Compensation for CEOs and other C-level executives varies from one business sector to another. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. 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. Get the latest market price for benchmark jobs and jobs in your industry. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. Elon Musk, Tesla: $23.5 billion. Netflix also faces increased competition from streaming services. 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. 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. 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.. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Hurd stepped down in 2019, citing health issues, and Catz became CEO. The lowest annual salary reported was $574,446, and the highest. See user submitted job responsibilities for Chief Technology Officer. 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. By the mid 00s he had moved to become CIO at Oracle, then spent a spell in the same role at Symantec before joining Western Union in 2012. AVANTI Wind Systems A/S . The average CEO salary of a California based CEO is $228,270. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. 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.". Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. 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. What is a CTO? Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. 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. Bend, OR, B.E. CEO pay dwarfs that of the average employee. 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 Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. What is the average salary for CEOs at Fortune 500 companies? He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. 31% of senior roles are held by women in the U.S. . At RBC, he helped launch one of the first internet-based cash management services. Has acquired the business acumen and leadership experience to become a top function or division head. What is the average income in Connecticut? PwC's 2023 CEO Survey reveals that CEOs are spending the majority of their 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. Zippia gives an in-depth look into the details of Fortune 500, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fortune 500. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Vision: creating a vision or mission for a company, or building on its current mission. This button displays the currently selected search type. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. Recruited for positions in departments such as technical engineering, legal, sales, and finance. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Search thousands of open positions to find your next opportunity. They're hiring! The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. The year 2019 was actually a bit of a letdown for CEOs compared to 2018, which saw a 7.2 percent average increase compared to 2016. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. Smith - PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. Oracle did not respond to a request for comment. Can It Keep Rising Post-Pandemic? But his incredible pay package may be justified by Apples stock market performance under Cook: The tech companys market value during his tenure has increased by $2.2 trillion. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. 2011 Fortune 500. 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. Get started by entering your email address below. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks.
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