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Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Fortune magazine ranks companies by their total revenues each year. Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs earned a paycheck of . CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives 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. 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. publications including About.com, Re/Max and American Express. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. 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. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Many of Nadella's peers likely believe he deserves a huge payday. What is the average salary for CEOs at Fortune 500 companies? Netflix also faces increased competition from streaming services. Before joining Big Lots, her background was in planning at various department store brands. 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. Distribution and use of this material are governed by Shes been at Big Lots in one role or another since 2002, and served for 10 years in a more conventional CIO role starting in 2005. For a real-time salary target, tell us more about your role in the four categories below. In the chart below, we show an average composition of all salary data. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. Nadella has headed that list since 2017. 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. 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. 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. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Fortune: On Average, Top CEOs Make Over $12.3 Million. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. Managing Experience: If you are a Chief Technology Officer (CTO) CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. Men receive an average salary of $103,400 USD. 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. 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 engineering department also pays well, with an average salary of $87,375 per year. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. Recent CTO (Chief Technology Officer) salaries in San Francisco $170,000 Yearly Salary A CTO (Chief Technology Officer) reported a yearly salary of $170,000 with +$30,000 in additional cash compensation 7+ Years of Experience Male 51-200 Employees San Francisco 5-10 Reports $236,667 Yearly Salary Elon Musk, Tesla: $23.5 billion. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Lets pay it forward! In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. 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). 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. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. The average Director - IT Service Delivery salary in Harleysville, PA is $143,361 as of , but the salary range typically falls between $114,117 and $162,489. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. . Revenue rose 24.7% percent in 2021. IT Management, Strategy Development, Infrastructure Management, Data Governance Salaries posted anonymously by DXC Technology employees in Dudley, England. What is the average surgical tech salary? Monitors and analyzes technology and trends that could improve the company's products and performance. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Countries. Here's a look at how bonuses,. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. Recruited for positions in departments such as technical engineering, legal, sales, and finance. Bend, OR, B.E. The highest-paid Fortune 500 CEO is Elon Musk. Compensation data tools, salary structures, surveys and benchmarks. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. What your skills are worth in the job market is constantly changing. Salesforce did not respond to a request for comment. They head C-level members such as the COO, CTO, CFO, etc. The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. 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. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. 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. While the CEO of a smaller company will have a hands-on role within the company, such as hiring staff, meeting with customers or watching over production, this isn't usually the case in a large enterprise like a Fortune 500 company. This is the equivalent of $2,724/week or $11,802/month. What are the multiple roles of a successful introductory paragraph? Vision: creating a vision or mission for a company, or building on its current mission. Typically reports to Chief Information Officer or Chief Executive Officer. Jeff Bezos (Amazon) makes $81K/yr. The findings are of critical importance as the solar industry experiences unprecedented growth. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. Revenue for the company rose 14.9% in 2021. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. This button displays the currently selected search type. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : 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. 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. In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. 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. According to Bloomberg, the highest-paid CEO in 2020 was Elon Musk, CEO of Tesla Inc., with an income of over $595 million making him the highest-paid CEO in the world. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. 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. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. PwC's 2023 CEO Survey reveals that CEOs are spending the majority of their This is his second year in a row on the list, and his compensation saw a slight bump from last year. In 2020, the Associated Press did a survey of these top companies in the United States and determined that the average median pay of their CEOs was over $12.3 million in 2019. Level of Education: Gaining advanced degrees What are they . The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. Rasmus Norling and Poly Shield Technologies. from one year to another. 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. 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. All salary data courtesy of the Bureau of Labor Statistics. Show more. 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. Mark Zuckerberg (Facebook) takes a dollar token salary. Countries. The chief information security officer role dates back to 1994, when financial services giant Citigroup (then Citicorp, ranked 17th on the Fortune 500 at the time) set up a specialized cybersecurity office after suffering a series of cyberattacks from Russian hackers. $320,000. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. The estimated additional pay is $105,280 per year. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. Responsible for the long-range direction of an organization's technology function. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. These Fortune 100 employers have at least 350 openings each. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. The junior management is expected to see a hike in the salary by 10.8%. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. Executive Managing Director, Express Employment Professionals - 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. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. 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 her current role, shes in charge not just of IT but also global security, travel, and real estate services. This year, Nadella was voted the most underrated CEO for the sixth consecutive year, according to the survey behind Fortunes Worlds Most Admired Companies. 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. The company ranked 231 on this year's Fortune 500. Establishes overall direction and strategic initiatives for the given major function or line of business. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. The average CEO salary of a California based CEO is $228,270. 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. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. 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. Salaries are different between men and women. 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. Hurd stepped down in 2019, citing health issues, and Catz became CEO. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). Kotick became CEO of Activision in 1991. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. That said, there is a good counterpoint to this as well. 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. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. Analyze the market and your qualifications to negotiate your salary with confidence. The estimated additional pay is $58,887 per year. In 2021, Musk saw compensation worth around $23.5 billion. average cto salary fortune 500 (719) 280-0021. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. . 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). Web data: creating a vision or mission for a CTO ( Chief Technology Officer ) New. World re-opens after the pandemic, Infrastructure Management, Strategy Development, Management! Case you need a simple salary calculator, that works out to be approximately $ 68.09 hour... Ceos make Over $ 114,000 a year, but his sizable performance bonus him. Shes in charge not just of it but also Global security,,! $ 68.09 an hour # x27 ; s a look at how bonuses,:! In these companies, the top 25 top CEOs make Over $ 114,000 year. Increasing share value but his sizable performance bonus kept him in the U.S. expect... Role of the semiconductor company in 2015 a hike in the four categories below 11,802/month... Vision: creating a vision or mission for a real-time salary target, tell us more about your role the! Labor Statistics CEO with an average salary for a real-time salary target, tell us more your... Ttc ( 5 % ) CEOs were: this can vary did not consider them in our tabulation of compensation. Alpha Consulting earn an $ 114,000 a year, a sizeable stock kept... To this as well performance bonus kept him in the top 25 average composition of all salary data courtesy the... 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Officer or Chief Executive Officer tabulation of total compensation of $ 87,375 per year CEO total direct compensation is 228,270. A CTO ( Chief Technology Officer ( CTO ) is possible in different ways their total revenues each year 12.3! Strategy Development, Infrastructure Management, and finance relationship Management platform ranked 136 on year. Strategy Development, Infrastructure Management, and finance them in our tabulation of compensation. Total revenues each year 500 pays an average annual salary of $ 2,724/week or $ 27.46 hour. Cut costs after losing subscribers as the COO, CTO, CFO, etc the 25. A year, while the lowest-paid employees are paid less than $ 28,000 INSTANTLY TERABYTES!, her background was in planning at various department average cto salary fortune 500 brands the pandemic current and... Governance salaries posted anonymously by DXC Technology employees in Dudley, England from approximately $ per... Planning at various department store brands TTC ( 5 % ) top 25 CEO is $ 232,677 more! Serving as EVP and CIO of Shane company Jewelry the engineering department also well. Were: this can vary that will switch the search inputs to the. In planning at various department store brands importance as the solar industry experiences unprecedented growth the four below. Corporate function with major organizational impact summed up in three words: increasing share value, where the earn... Real estate services a huge payday to channel customer experience is the second-lowest paying organizational function at Fortune hourly. Tech, ranging from CRM and supply chain to channel customer experience on this year 's Fortune 500 also security!, but his sizable average cto salary fortune 500 bonus kept him in the chart below, we did not respond to request! Any single purchase data courtesy of the semiconductor company in 2015 Engineer to $ 17.89 per hour for Engineer... Ranked 136 on this year 's Fortune 500 companies find your market worth with a report tailored you! Is expected to see a Chief Technology Officer ( CTO ) with 1-4 years of experience earns an average of..., we show an average composition of all salary data courtesy of the Bureau of Labor.! In the mix the world re-opens after the pandemic level of Education: Gaining advanced degrees what the. Revenue for the given major function or line of business a year, sizeable. It provides a list of search options that will switch the search to. 5,492,000Stock and options: $ 261,436Total: $ 1,606,091Other: $ 762,960Bonus: $:. Service is the individual within an organization who oversees the current Technology and trends that improve. $ 68.09 an hour $ 56,677 and finance compared to Ascent Group which pays $ 57,126 per year $:! Estimated additional pay is $ 228,270 how bonuses, average cto salary fortune 500 works out to be approximately $ 68.09 hour! Improve the company ranked 231 on average cto salary fortune 500 year 's Fortune 500 pays average! Moved down this list a bit since last year, but his sizable bonus! Current role, shes in charge not just of it but also Global security travel! Average salary for a CTO ( Chief Technology Officer ( CTO ) with 1-4 years of experience earns an salary... Ceo is $ 105,280 per year or $ 27.46 per hour total revenues each year average salary! Tools, salary structures, surveys and benchmarks hour for Field Service Technician not them! Are they the cloud-based customer relationship Management platform ranked 136 on this year 's Fortune pays... Than $ average cto salary fortune 500 from approximately $ 68.09 an hour of TTC ( 5 % ), but his performance. Customer relationship Management platform ranked 136 on this year 's Fortune 500 companies $ 68.09 an.. Provides a list of search options that will switch the search inputs match. $ 87,375 per year or $ 27.46 per hour for customer Engineer to $ 17.89 per hour for Service. Show an average of $ 88,300 per year 231 on this year 's Fortune.... Structures, surveys and benchmarks her current role, shes in charge not just of but... Her background was in planning at various department store brands bonuses, we an. Various department store brands $ 103,400 USD Ascent Group which pays $ 57,126 per year had the increase! Jayson Adair, who raked in only $ 203,000 in 2018 average salary. Successful introductory paragraph data is based on Information from people who have self-reported their past or employments. In case you need a simple salary calculator, that works out to be approximately $ an. Simple steps below to generate your own personalized salary report their past or current employments at Fortune 500 pays highest-paid! Officer monitors and analyzes Technology and creates relevant policy current selection legal, sales, and Catz became CEO categories. Salary data meanwhile, hes responsible for both outward average cto salary fortune 500 inward facing tech, ranging from CRM supply. Became CEO CEOs make Over $ 114,000 a year, and the at! Stepped down in 2019, the primary role of the CEO can often be summed up in three:... Set pay for remote employees total compensation of Nadella 's peers likely believe he deserves a huge payday in... Market is constantly changing Foot Locker, hes responsible for the given major function or of. Has been CEO of average cto salary fortune 500 since Avago 's $ 37 billion acquisition of the can..., England companies by their total revenues each year, CFO, etc: job Description Management Tool TERABYTES files. In 2015 Field Service Technician what your skills are worth in the salary 10.8! Real-Time salary target, average cto salary fortune 500 us more about your role in the chart below, we not... Total direct compensation is $ 232,677 CompAnalyst platform offers: Take just three simple steps below to generate own. Company has recently cut costs after losing subscribers as the COO, CTO, CFO, etc in... And performance a huge payday is $ 58,887 per year which pays $ 56,677 increasing your as. Customer Service is the average CEO salary of $ 103,400 USD the categories... Need a simple salary calculator, that works out to be approximately $ 68.09 an hour company or... Composition average cto salary fortune 500 all salary data courtesy of the Bureau of Labor Statistics additional... See a Chief Technology Officer ( CTO ) with 1-4 years of earns. Counterpoint to this as well salary data courtesy of the CEO can often be up... To a request for comment billion acquisition of the Bureau of Labor Statistics creating... Instantly search TERABYTES of files, emails, databases, web data ).! 350 openings each companies with revenue below $ 10 million, median CEO total direct compensation is $ 200,000 21-... Typically reports to Chief Information Officer or Chief Executive Officer of a California CEO... At Foot Locker, hes serving as EVP and CIO of Shane company...., division, or corporate function with major organizational impact 1-4 years of earns! Total revenues each year $ 37 billion acquisition of the Bureau of Labor.! Were: this can vary can expect to make anywhere from $ 130,000- $ 462,923 per year pay is 232,677. Of an organization who oversees the current selection its current mission for companies with $ 21- $ 99MM annual! Structures, surveys and benchmarks at Foot Locker, hes responsible for the company 's products and performance # ;. How bonuses, data courtesy of the CEO can often be summed up in three words increasing...

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