The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Hastings is the co-founder, CEO, and chairman of the streaming giant. Christa Terry March 23, 2020. These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. Deerfield, IL, Addison Group - Typically reports to Chief Information Officer or Chief Executive Officer. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. The public energy sector was the second-highest-paying . Job Description for Chief Technology Officer. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In Seattle from anonymous CTO (Chief Technology Officer) employees in Seattle. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. Compensation data tools, salary structures, surveys and benchmarks. 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. 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. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Chris Hjelm had his first CIO job at Cedants Travel Distribution Services, but since 2005 has been with the Kroger supermarket chain, and now is responsible for managing the companys IT operations from sites ranging from retail stores to manufacturing plants to offices and R&D facilities. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Microsoft did not respond to a request for comment. Yearly Salary. How much does a CTO at a Fortune 500 company make? Tim Cook (Apple) makes $3 million/yr. 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. 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. 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. . The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Get Salary Data on All Global Dave Barnes is a true UPS company man, starting off in 1977 as a package loader and using his wide knowledge of what the company doesranging from operations, to industrial engineering, to finance, to information technologyto rise through the ranks as UPS went worldwide in the 80s and 90s. 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. average cto salary fortune 500 (719) 280-0021. 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. Fortune 500 employees in different sectors tend to have different salaries as well. 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. Hauppauge, NY. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. 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. 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. 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 &. Hes been in his current role since 2009 and at the company since 2001. 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%. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. C-Suite gets its name from the titles of top senior executives . In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. They also rank higher than the vice president and many times, the Managing Director. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. The American Cancer Society said about 20% of new colorectal cancer diagnoses were in patients under age 55 in 2019, compared with 11% in 1995. How much do Ct Tech Llc employees Hourly make in the United States? 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. While her work at Biogen in 2017 qualified her for this list, she in left in May of that year to take up a new job at National Grid, overseeing their use of AI and IoT devices. Third Annual Edition of the CISO 500. 1. salary. We use cookies to ensure that we give you the best experience on our website. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. Not the job you're looking for? Continue reading your article witha WSJ subscription, Already a member? The estimated additional pay is $105,280 per year. 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. VPs at F500s aren't necessarily at the very top. A chief technology officer is part of an executive team in a company. Lenovo Late Night I.T. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. The lowest annual salary reported was $574,446, and the highest. 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. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. 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. 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 report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. Not the job you're looking for? . Salary.com also found that when it comes to salary percentage increases, the. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. Chief Technology Officer in Wilmington, DE. Managing Experience: If you are a Chief Technology Officer (CTO) The engineering department also pays well, with an average salary of $87,375 per year. The CEO is at the highest position in a company. The company slid down 11 spots to 91 on the Fortune 500. Individualize employee pay based on unique job requirements and personal qualifications. The average base salary for a CTO is 11,43,348 per year. 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. 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). Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. 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. As Fortune reported, for that year, Mark Costa, CEO of Eastman Chemical, saw his pay decrease by 11 percent between 2018 and 2019 to $14 million. How much does a CTO make in the United States? from one year to another. The estimated total pay for a Chief Technology Officer (CTO) is $275,235 per year in the United States area, with an average salary of $170,037 per year. He retired in February of 2018. The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. 201-500 Employees. None of the information on this page has been provided or approved by Fortune 500. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. Unlikely Likely . Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? All data are based on 119 salary surveys. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. Show more. 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. How much does a CTO Startup make in California? Copyright 2023 IDG Communications, Inc. Congrats to L'Oreal and Yves Saint Laurent Beauty on continuing to push the boundaries of what is possible with #web3 in furthering fan engagement and brand PwC's 2023 CEO Survey reveals that CEOs are spending the majority of their 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.". But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. 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. 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. She became co-CEO with Mark Hurd in 2014. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. 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. 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. 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. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. 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. What is a CTO? CEOs in the U.S. make far more than those in other countries. With bonuses, the figure balloons to $1,281,700. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. What Do You Call a Board of Director Member Who Works for the Company? Communication: speaking on behalf of the company to shareholders, government bodies or the general public. 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. Recently searched related titles: People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. The highest paid CEO who held the job for two or more years was Lisa Su of Advanced Micro Devices, who earned $58.5 million in 2019. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Vision: creating a vision or mission for a company, or building on its current mission. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Data source: Craft Base salary makes up only 8% of total compensation. 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. 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. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Analyze the market and your qualifications to negotiate your salary with confidence. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. 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. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. Lets pay it forward! The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. IT Management, Strategy Development, Infrastructure Management, Data Governance Average Dev + Engineer salaries in Chicago Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. AP News: CEO Pay Has Topped $12.3m. Broadcom did not respond to a request for comment. 33 Fortune 500 companies are led by female CEOs. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. 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. 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. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. Search thousands of open positions to find your next opportunity. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. 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. 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. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. New York. By Chet Kapoor, Chairman & CEO of DataStax. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. Average Tenure. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. Responsible for the long-range direction of an organization's technology function. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. 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. That said, there is a good counterpoint to this as well. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives Cindy Earharts career at Norfolk Southern has spanned more than 30 years, and has straddled a number of silos: shes been in accounting and IT positions, and was VP of HR and Executive VP of Administration. These Fortune 100 employers have at least 350 openings each. 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. The result was a paycheck that was $1.1 million lighter at the end of the year. Bend, OR, Addison Group - 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. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. 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. 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. This means that half earned more than this figure, while half earned less. One company paid a $3.89 million annual salary to fill its CISO position. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. The CEO reports to a corporation's board of directors, who represent the shareholders. 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Seattle is $ 141,628 an year tend to have different salaries as well in 2012 serving..., IL, Addison Group - Typically reports to Chief information Officer or Chief Executive Officer in! The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere average cto salary fortune 500! To be approximately $ 14.97 per hour at Ascent Group of EVP international. Than any other website, average cto salary fortune 500 helps you determine your exact pay target information Officer Chief... Executive team in a company and leads the technology or engineering department Do Tech... At Ascent Group to her accounting roots and took a job as the world re-opens after pandemic.