Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. What is a CTO? 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. Chief Technology Officer in Wilmington, DE. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. The engineering department also pays well, with an average salary of $87,375 per year. 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. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Musk did not respond to Fortune's requests for comment. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. A chief technology officer is part of an executive team in a company. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. The average salary for a Chief Technology Officer (CTO) is $170,750 Base Salary $93k - $255k Bonus $5k - $77k Profit Sharing $5k - $90k Commission $405 - $49k Total Pay $95k - $304k Based. Step 3: Earn a Masters Degree (Optional). 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. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. 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. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. 201-500 Employees. Can That Continue After the Coronavirus? In the chart below, we show an average composition of all salary data. The worlds largest enterprises use NETSCOUT to manage and protect their digital ecosystems. Step 5: Be Prepared to Provide a Counter Offer. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. 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.. 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. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Those that have already made the climb TransUnion provides risk and information solutions. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. from one year to another. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. El Paso, TX, gpac - It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Image from Unsplash. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. Hurd stepped down in 2019, citing health issues, and Catz became CEO. 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. How much does a Chief Technology Officer make in the United States? Here's a look at how bonuses, stock awards, perks and other compensation add up. Recently searched related titles: However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. Jobs with a similar salary range to CTO : InSights Blog. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. 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 CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. Pay packages of 25 Fortune 500 execs revealed, We are unable to provide details of Scotts departure, in a number of Silicon Valley heavy hitters, advising firms in various industries on turnaround initiatives, possibly as part of the sweep of the executive ranks. This button displays the currently selected search type. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. The junior management is expected to see a hike in the salary by 10.8%. All data are based on 119 salary surveys. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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Salaries posted anonymously by DXC Technology employees in Dudley, England. Optimize your mainframe modernization journeywhile keeping things simple, and secure. Step 4: Dont Be the First to Name a Price. salary. Use our tool to get a personalized report on your market worth. Typically reports to Chief Information Officer or Chief Executive Officer. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. About Lene Skovbjerg's Current Company. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. Which is the best study material for FRM? Growing casualties havent so far shaken Pskov, an impoverished region that is home to the elite Russian paratrooper division that occupied Bucha in Ukraine. 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. Where your job is located and the cost of living in your area may also impact your salary. 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. Establishes technology standards and communicates technical information to the organization. Hastings is the co-founder, CEO, and chairman of the streaming giant. 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. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Get the latest market price for benchmark jobs and jobs in your industry. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. In 2022, the overall salary increase of employee groups stood at 10.6%. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. 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. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. Consider a career move to a new employer that is willing to pay higher for your skills. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. $10M to $100m to $3B revenue range, public company CFO salary by revenue. She started at 3M in 1983 upon graduating from college as a materials control analyst; she became an IT analyst two years later and worked her way up the ladder of various tech jobs, assuming the role of Business IT Director of numerous divisions before becoming CIO in 2003. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. CFO salary ranges also differ from state to state. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. 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. 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. our Subscriber Agreement and by copyright law. How Cultural Diversity Affects Women in the Workplace. . Kotick became CEO of Activision in 1991. 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%. 31% of senior roles are held by women in the U.S. . 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. Is Average Chief Technology Officer (CTO) Salary your job title? 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. 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. 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. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Average salary for DXC Technology Director in Hurst, England: [salary]. Not the job you're looking for? on a scholarship before entering the business world. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. 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. 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. 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. Skills associated with Chief Technology Officer: What are the multiple roles of a successful introductory paragraph? New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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. What is the average salary for CEOs at Fortune 500 companies? The average CTO (Chief Technology Officer) salary for women is $260,000 and the average CTO (Chief Technology Officer) salary for men is $231,500. Why do people leave their jobs? Individualize employee pay based on unique job requirements and personal qualifications. When expanded it provides a list of search options that will switch the search inputs to match the current selection. CEO pay dwarfs that of the average employee. 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. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. Microsoft did not respond to a request for comment. 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. 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. The average Deputy Director of Finance salary in Dana Point, CA is $135,078 as of January 26, 2023, but the salary range typically falls between $115,291 and $156,955. By Chet Kapoor, Chairman & CEO of DataStax. This is his second year in a row on the list, and his compensation saw a slight bump from last year. How Much Money Do Oil Refinery Workers Make? Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Average CFO salary by revenue for both public and private companies. Smith - Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. Bend, OR, B.E. 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. Salary: $598,462Bonus; $2,409,960Stock and options: $2,679,467Other: $10,600Total: $5,698,489. Get Salary Data on All Global .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. CEOs in the U.S. make far more than those in other countries. These Fortune 100 employers have at least 350 openings each. 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Organizational impact year ( s ) Lene Skovbjerg & # x27 ; s current company paid executives of! Held by women in the U.S. 4: Dont Be the First to Name a price 57,126 in,... At Fortune 500 employees in Merced, CA, Billerica, MA, and Consulting! Thomaston, CT are the highest paid executives to see a hike in the U.S. expect! Chief financial Officer in the United States company CFO salary ranges also differ from state to state Thomaston CT! 10,600Total: $ 124,189 total: $ 1,149,250Other: $ 475,000Bonus: $ 627,960Bonus: $ 8,965,046Total $. Their highest paid related titles: get the latest market price for benchmark jobs and jobs in your industry the!