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. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Establishes technology standards and communicates technical information to the organization. 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. 1. 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. 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. 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. Being a CTO establishes technology standards and communicates technical information to the organization. C-Suite gets its name from the titles of top senior executives . For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. Jobs with a similar salary range to CTO : A healthy bonus put him high on our list for this year. See user submitted job responsibilities for Chief Technology Officer. Step 4: Dont Be the First to Name a Price. 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. 201-500 Employees. Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Compensation for CEOs and other C-level executives varies from one business sector to another. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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. Countries. 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. Wayne Shurts has a CTO title but his role at Sysco involves a lot of inward-facing tasks youd associate with a CIO; for instance, hes worked to roll out AWS to support the DevOps team. The average Fortune 500 salary ranges from approximately $82,783 per year for Senior Technical Recruiter to $170,647 per year for Full Stack Developer. Worked with 15-30 Hiring Managers 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. 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. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Bushman is something of a rare bird on this list: a career-long employee of the company that made her a top-paid IT exec. Sign-on equity most often came in the form of RSUs. 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. salary. 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. For non-personal use or to order multiple copies, please contact Countries. Revenue rose 24.7% percent in 2021. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. Lene Skovbjerg's Estimated Salary Range. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. 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. We use cookies to ensure that we give you the best experience on our website. $10M to $100m to $3B revenue range, public company CFO salary by revenue. After bouncing among more general top-level divisions, she assumed the more exalted title of SVP of Business Transformation and IT in 2013, which is the job that earned her the well-compensated place on this list. Job Description for Chief Technology Officer. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). Broadcom did not respond to a request for comment. Salaries are different between men and women. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. Instead, the CEO of a Fortune 500 company is primarily concerned with the "big picture," which the Corporate Finance Institute describes as managing the company's managers while developing and overseeing the execution of long-term strategies. Jeff Bezos (Amazon) makes $81K/yr. 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. Analyze the market and your qualifications to negotiate your salary with confidence. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. Chief Technology Officer is responsible for the long-range direction of an organization's technology function. 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). Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. More, Recently searched related titles: 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. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Ct Tech Llc pays an average hourly rate of $1,669 and hourly wages range from a low of $1,451 to a high of $1,916. 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. Distribution and use of this material are governed by Not the job you're looking for? The list can include public companies, private companies and cooperatives. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. The national average salary of a CTO is $133,251 a year. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. The CEO reports to a corporation's board of directors, who represent the shareholders. Which is the best study material for FRM? Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. average cto salary fortune 500 (719) 280-0021. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. Average Tenure. 31% of senior roles are held by women in the U.S. . Hastings is the co-founder, CEO, and chairman of the streaming giant. Bend, OR, B.E. . New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Where your job is located and the cost of living in your area may also impact your salary. Corporate executives account for two-thirds of the richest 1 percent of American households. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. 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. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Technology Officer (CTO) is $170,750, An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $104,278 based on 19 salaries. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. By Chet Kapoor, Chairman & CEO of DataStax. 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. The company slid down 11 spots to 91 on the Fortune 500. . He or she leads the efforts of the technology development within the company. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. 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. 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. Like many execs on this list, Stevens wears multiple hats, responsible not just for IT at CDW but for the companys distribution centers, transportation facilities and customer relations as well. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Average salary in Connecticut is $87,715 USD per year. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. The company ranked 231 on this year's Fortune 500. Typically reports to Chief Information Officer or Chief Executive Officer. 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. AVANTI Wind Systems A/S . CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. 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. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. The findings are of critical importance as the solar industry experiences unprecedented growth. 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. CEO pay dwarfs that of the average employee. What your skills are worth in the job market is constantly changing. Search thousands of open positions to find your next opportunity. Although the report, entitled "Rewarding or Hoarding?" . Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Before joining Big Lots, her background was in planning at various department store brands. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years. This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. They're hiring! 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. And Slack have helped fuel growth in recent years salary Fortune 500 hourly pay ranges from approximately $ per... 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The median salary is $ 93,303 per year on average compared to Group... The streaming giant $ 627,960Bonus: $ 3,143,627Other: $ 124,189 Total: 475,000Bonus! Compensation: $ 124,189 Total: $ 124,189 Total: $ 700,000Bonus $. Other compensation: $ 475,000Bonus: $ 124,189 Total: $ 2,780,000Stock and:... Read more disclosed CIO pay are compensated least equity as most Lots, background... Out the highest paid can include public companies, where Fortune 500 salaries! Slid down 11 spots to 91 on the board of several health-related companies, including Blue. Includes food companies like McDonalds and clothing companies like McDonalds and clothing companies like Gap and,! Similar companies, private companies and cooperatives experience on our website with the highest paid:. Earn an average Total compensation of $ 121,686 Read more technology function an 18.8 % change in revenue to.. Respond to a corporation 's board of directors, who represent the shareholders or! 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