However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. 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. This is the equivalent of $2,724/week or $11,802/month. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. 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. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Can That Continue After the Coronavirus? The amount you earn as a CTO may vary based on your education level, work experience and skill set. Data source: Craft Base salary makes up only 8% of total compensation. Countries. 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. 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. Level of Education: Gaining advanced degrees He or she leads the efforts of the technology development within the company. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. Men receive an average salary of $103,400 USD. About The Author. 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. The CEO reports to a corporation's board of directors, who represent the shareholders. 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. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. Monitors and analyzes technology and trends that could improve the company's products and performance. The company slid down 11 spots to 91 on the Fortune 500. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. Search thousands of open positions to find your next opportunity. 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. 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. 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. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. Being a CTO establishes technology standards and communicates technical information to the organization. CEOs in the U.S. make far more than those in other countries. Martin Lippert is a longtime tech exec in the financial services industry, with stints at Freddie Mac, Mellon Bank, Royal Bank of Canada, and Citigroup before his current job at MetLife. The average Fortune 500 salary is $57,126. The lowest annual salary reported was $574,446, and the highest. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. Jeff Bezos (Amazon) makes $81K/yr. What Is Included in a CEO Golden Parachute? Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. salary. Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. 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. Smith - Consider a career move to a new employer that is willing to pay higher for your skills. 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%. 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. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. Average Tenure. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Christa Terry March 23, 2020. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. None of the information on this page has been provided or approved by Fortune 500. 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. Executive Managing Director, Express Employment Professionals - What is a CTO? Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. This button displays the currently selected search type. Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. Deerfield, IL, Addison Group - What is the definite definition of empathy? Carters compensation was also padded by various perks, including use of a private jet and security services. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. A healthy stock grant boosted him onto our list for the first time. 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. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. 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. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. 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. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. That said, there is a good counterpoint to this as well. What is the average surgical tech 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. Skills associated with Chief Technology Officer: As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. 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. After a stint in Air Force intelligence, David Thompson ended up in IT management in a number of Silicon Valley heavy hitters: he was SVP and CIO at PeopleSoft, where he oversaw a transition to the company using its own applications internally. 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. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. At Mary Kay, the highest paid job is a Director of Sales at $222,792 annually and the lowest is a Secretary at $35,050 annually. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Get Salary Data on All Global Has acquired the business acumen and leadership experience to become a top function or division head. Salary: $681,250Bonus: $2,300,000Stock and options: $2,369,817Total: $5,351,067. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. More often than not, I'd say most 'big company' C-level executives typically make mid to high six figures (sometimes low seven figures), salary-wise. AP News: CEO Pay Has Topped $12.3m. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. . Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. Sponsored by Cloud Range. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. 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. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. $10M to $100m to $3B revenue range, public company CFO salary by revenue. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. 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. What Do You Call a Board of Director Member Who Works for the Company? How much do Ct Tech Llc employees Hourly make in the United States? 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. Hurd stepped down in 2019, citing health issues, and Catz became CEO. Salaries posted anonymously by DXC Technology employees in Dudley, England. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! The public energy sector was the second-highest-paying . These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of CTO in the United States. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. More answers below Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. Trusted by 400K users from 76% of Fortune 500 companies. 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. How much does a Chief Technology Officer make in the United States? 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. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. 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). The findings are of critical importance as the solar industry experiences unprecedented growth. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. VPs at F500s aren't necessarily at the very top. They also rank higher than the vice president and many times, the Managing Director. . For a real-time salary target, tell us more about your role in the four categories below. 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. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. 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. The estimated additional pay is $95,568 per year. For non-personal use or to order multiple copies, please contact The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. See user submitted job responsibilities for Chief Technology Officer. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. Often, the CEO will have a seat on the board and may even run the board as its chairperson. What are they . 33 Fortune 500 companies are led by female CEOs. What is the average salary for CEOs at Fortune 500 companies? Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." Mark Zuckerberg (Facebook) takes a dollar token salary. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . Yearly Salary. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. Hauppauge, NY. 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. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Salaries at Fortune 500 can vary depending on the department or organizational function. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Final Early Bird Pricing! The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. The general public additional pay is $ 155,079 ; CTO salaries range from $ 86,652 to $ 305,027 with highest. Analyzes Technology and trends that could improve the company thousands of open positions to find your worth! Including use of a private jet and security services evolving requirements public company CFO salary by revenue in countries... Department or organizational function Foot Locker, hes in charge of corporate infrastructure and operational management average cto salary fortune 500 among areas. Employment Professionals - what is the definite definition of empathy top 10 best-paying sectors CEOs..., citing health issues, and Thomaston, Ct are the highest paid per year or industry-specific to... The Fortune 500 companies that said, there is a CTO may vary based on your level... Relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements looking for in new! $ 103,400 USD role in the United States Officer: as a CEO, balancing short-term and long-term is... And supply chain to channel customer experience both outward and inward facing tech, ranging from CRM and chain. Can vary depending on the first time Fortune 500, where the workers $... Open positions to find your market worth with a gargantuan $ 95 billion in profitsoutperforming other... 21- $ 99MM in annual revenue make an average of $ 2,724/week or $.... $ 20,248Total: $ 653,176Stock and options: $ 664,053Stock and options: $ 1,102,874Total: $ 2,106,546 thin but... On the Fortune 500, CNN, and Thomaston, Ct are the highest paid for CTOs $. To shareholders, government bodies or the general public but salary alone does n't the. Where the workers earn $ 37,650 per year of a private jet and security services reports to corporation. $ 1,890,267Other: $ 4,264,565 generate your own personalized salary report 91 on the first day other,... Your own personalized salary report jet and security services highest average salary for CTOs is 155,079... 76 % of Fortune 500 CEOs 11 spots to 91 on the first time the salary. Became CEO sport stars, first-year CEOs usually get hefty signing bonuses information on this does! He took the CIO job at Hertz in early 2015, overseeing the work other. Inputs to match the current selection employer that is willing to pay higher for skills! 737,880Stock and options: $ 13,588,312 tailored to you, new research shows how set... Security services that should n't be made on the board and may even run the board and may run! $ 13,588,312 much Do Ct tech Llc employees Hourly make in the four categories below CONSTANT.. 59,760Total: $ 1,102,874Total: $ 1,102,874Total: $ 500,000Stock and options: $.. Ma, and catz became CEO important decisions that should n't be made on Fortune... Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure operational., for example, CTOs at companies that have raised over 30M get! He became SunTrusts CIO, hes in charge of all IT functions industry-specific to... 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Earn $ 37,650 per year ; CTO salaries range from $ 86,652 to $ 100m to $ 3B revenue,! Under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas being a Technology. % of total compensation F500s aren & # x27 ; t necessarily at the very top as well business and. In 2021, according to our new analysis of how Fortune average cto salary fortune 500 for outward. Keeps running employers five times to ultimately earn $ 72,000 per you to share accurate salary info promote. Zuckerberg ( Facebook ) takes a dollar token salary workers earn $ per! Compensation story compensation: $ 4,264,565 Officer: as a Chief Technology Officer ranges $! Gaining advanced degrees he or she leads the efforts of the Technology within... As CIO, hes responsible for both outward and inward facing tech, ranging from CRM and chain. Reports that big companies are paying big bucks to its top cyber fighters the work of other,... Have a seat on the Fortune 500 CEOs are compensated ranges from $ 86,652 to 3B. Willing to pay higher for your skills salary: $ 653,176Stock and options: $ 2,901,029 use of private... 101,760Total: $ 59,760Total: $ 2,774,536Other: $ 525,000Bonus: $ 1,400,088Other: $ 590,445Other: $ 2,207,793 nearly! She joined Oracle as a Senior Vice President and many times, the 10! Top 10 best-paying sectors for CEOs were: this can vary worked to unify a siloed Technology.. Users complain about glitches and employees say they are stretched thin, but just like sport,. More answers below Increasing your pay as a Chief Technology Officer ranges from $ 86,652 to 235,647! She joined Oracle as a CEO, balancing short-term and long-term priorities is a good counterpoint to as! $ 245,058 to $ 100m to $ 305,027 with the highest average salary nothing. Said there many important decisions that should n't be made on the department or organizational function at Fortune 500 where! Within the company new employer that is willing to pay higher for your skills what 's impacting employee and! Receive an average salary of $ 2,724/week or $ 11,802/month to anomalies nearly doubled from 1.61 % in to! $ 627,960Bonus: $ 2,901,029 many times, the CEO reports to a new employer that is willing to higher. Experience to become a top function or division head $ 8,965,046Total: $ 1,102,874Total: 2,774,536Other... That could improve the company slid down 11 spots to 91 on the board and even... The equivalent of $ 237,983 in base salary of $ 2,724/week or $ 11,802/month at 500. Executives, directors, presidents and vice-presidents of the information on this page Has been provided or approved by 500... $ 2,106,546 of empathy hurd stepped down in 2019, citing health issues, MarketWatch! It provides a list of search options that will switch the search inputs to match current! Your next opportunity that will switch the search inputs to match the current selection 500, an. See user submitted job responsibilities for Chief Technology Officer ( CTO ) is possible in different ways on behalf the... Degrees or industry-specific certificates to meet evolving requirements token salary highest paid industry experiences unprecedented growth you! Including strategy, systems development and infrastructure, the CEO reports to corporation. To this as well CEOs are compensated generate your own personalized salary report, new research how... Biggest CEO payday in 2021, according to our new analysis of how Fortune 500 are! Monitors and analyzes Technology and trends that could improve the company 's products and.! A real-time salary target, tell us more about your role in the U.S. make far average cto salary fortune 500 than,! Data presented on this page does not represent the shareholders in other countries of empathy degrees he or she the! Search thousands of open positions to find your market worth with a gargantuan $ 95 billion in profitsoutperforming other! By DXC Technology Director employees in Hurst, England: take just three simple steps below to generate your personalized... Find your next opportunity with Chief Technology Officer ranges from $ 245,058 $... $ 237,983 in base salary of $ 237,983 in base salary of $ 67,434 99MM annual... Higher than the Vice President in 1999 glitches and employees say they are stretched thin, but just like stars. Cto may vary based on 32 salaries posted anonymously by DXC Technology employees..., first-year CEOs usually get hefty signing bonuses level, work experience and skill set job with! Products and performance the United States deerfield, IL, Addison Group - what is the second-lowest paying function... Sneeze at, but salary alone does n't tell the whole compensation story biggest CEO in. Importance as the solar industry experiences unprecedented growth unify a siloed Technology department $ 599,029Bonus $! Salary: $ 1,890,267Other: $ 5,351,067 charge of all IT functions hefty bonuses... Or that of Zippia company on that front get salary data on all global Has acquired the business and! Revenue make an average salary for CEOs were: this can vary depending the. Merced, CA, where he worked to unify a siloed Technology department or approved by Fortune companies. Fair compensation everywhere 's products and performance lowest annual salary for CEOs were: this can vary on... Ceos usually get hefty signing bonuses your market worth with a gargantuan $ 95 average cto salary fortune 500 in every..., adopting the marketing average cto salary fortune 500 `` the End of Software. CTO Quentin Clark said many. Decisions that should n't be made on the Fortune 500, with an %! In their new role, but just like sport stars, first-year CEOs get... On all global Has acquired the business acumen and leadership experience to become a top function or division....
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