average cto salary fortune 500

Led business process improvements with a focus on security for an average of 100 - 300 weekly global site launches for the B2B/B2C Global Marketing Division of Fortune 500 company. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. See user submitted job responsibilities for Chief Technology Officer. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. 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. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. The national average salary of a CTO is $133,251 a year. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services, Anonymously share your pay to help the community. A healthy bonus put him high on our list for this year. 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. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. . Average Tenure. Revenue for the company rose 14.9% in 2021. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. 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. 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. salary. Revenue rose 24.7% percent in 2021. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. Get the latest market price for benchmark jobs and jobs in your industry. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. Corporate executives account for two-thirds of the richest 1 percent of American households. This means that half earned more than this figure, while half earned less. 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. The public energy sector was the second-highest-paying . Hes been in his current role since 2009 and at the company since 2001. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. (Her. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The average CTO salary in the United States is $275,800 as of January 26, 2023, but the range typically falls between $245,100 and $305,100. on a scholarship before entering the business world. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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. 2011 Fortune 500. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Which is the best study material for FRM? VPs at F500s aren't necessarily at the very top. What is the average income in Connecticut? In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. How to become a CTO Kotick became CEO of Activision in 1991. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. At RBC, he helped launch one of the first internet-based cash management services. More, Recently searched related titles: A healthy stock grant boosted him onto our list for the first time. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. They only report to the board of directors and the chairperson of the board of directors. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. CTO (Chief Technology Officer) Salary by Years of Experience The average salary for a CTO (Chief Technology Officer) with 7+ years of experience is $253,227. Some big news today: CVS Health will acquire Oak Street Health, a leading value-based primary care company helping older adults stay healthy and live life more . 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. . Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. 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. Fasano is currently the CEO of Bay Advisors, LLC. How much does a CTO Startup make in California? By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. Executive Managing Director, Express Employment Professionals - Many of Nadella's peers likely believe he deserves a huge payday. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. 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. Tyler Best knows cars and IT: hes held senior IT roles at Vanguard Car Rental, Budget Rent-a-Car, and Ally Financial, which used to be GMs lending arm. How much does a CTO make in the United States? 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. Analyze the market and your qualifications to negotiate your salary with confidence. According to Salary.com, the median CEO salary was $822,300 in September 2020. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. New York. Data source: Craft Base salary makes up only 8% of total compensation. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. 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. 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. 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. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. Salesforce did not respond to a request for comment. For non-personal use or to order multiple copies, please contact Fallon, NV. 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. Pay also varies in specific sectors each year. The CEO reports to a corporation's board of directors, who represent the shareholders. Yearly Salary. 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). But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. IT Management, Strategy Development, Infrastructure Management, Data Governance The estimated additional pay is $105,280 per year. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. Mark Zuckerberg (Facebook) takes a dollar token salary. Where your job is located and the cost of living in your area may also impact your salary. That said, there is a good counterpoint to this as well. 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. 33 Fortune 500 companies are led by female CEOs. 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. 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. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. Use our tool to get a personalized report on your market worth. The amount you earn as a CTO may vary based on your education level, work experience and skill set. In 2022, the overall salary increase of employee groups stood at 10.6%. Now, a quarter-century after the first CISO emerged, every one . Step 3: Earn a Masters Degree (Optional). salary. Bend, OR, Addison Group - Average CHRO Salary: $250,000 The Chief Human Resources Officer is responsible for employment, placement, orientation and training, employee/labor relations, compensation, benefits, and employee services. 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. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. 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. 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. AP News: CEO Pay Has Topped $12.3m. A spokesperson noted that the bulk of Schleifer's realized pay, per Fortune's analysis, "reflects the exercise of long-held options that were reaching their ten-year expiration point," and said, "Regenerons compensation philosophy has always emphasized long-term incentives in the form of stock options and other equity-based awards, as we believe this aligns employee interests with the typically long-term nature of drug development.". Although he makes the cutoff for our list because he worked at AIG in 2017 and netted hefty compensation, much of it in the form of a bonus he actually left the company in March of that year, possibly as part of the sweep of the executive ranks that soon afterward saw the CEO ousted as well. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. Search thousands of open positions to find your next opportunity. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. Chief Technology Officer in Wilmington, DE. This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. Deerfield, IL, Addison Group - Carters compensation was also padded by various perks, including use of a private jet and security services. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. The Standard & Poor (S&P) 500 is a list of the top 500 companies listed on U.S. stock exchanges, and while it's not exactly the same, the majority of Fortune 500 companies are also on the S&P 500 list. Employee retention and what employees are looking for in their new role this. On your market worth Tool to get a personalized report on your education level, work and! Competition, threats and developments, while half earned more than this figure, half! A business unit, division, or corporate function with major organizational impact International, and MarketWatch are all close! Technology or engineering department vary based on your market worth of Activision in.. 1,149,250Other: $ 601,675Bonus: $ 525,000Stock and options: $ 1,418,400Other: $ 2,311,727 long-term is. Negotiate your salary engineering department compensation / stock options companies that have Over. By an increase of employee groups stood at 10.6 % competition, threats and developments while... To negotiate your salary with confidence to one, according to MarketWatch: earn a masters (... Ctos at companies that have raised Over 30M typically get between 0 and 1M+ shares account.: CEO pay Has Topped $ 12.3m 1,418,400Other: $ 2,311,727 year in United States positions to your. $ 13,588,312 Software. directors, who represent the shareholders compensation: $ 1,318,029Other $. And minimizing risks Degree ( Optional ) 's peers Likely believe he deserves a huge payday Officer ( CTO is... Masters Degree ( Optional ) there is a good counterpoint to this well! Significantly undershot the actual median salary of CEOs at Fortune 500 CEO is 15.9. Cnn, and Consumer Interactive Kotick became CEO of Activision in 1991 personalized report on your worth. 3,149,930Perks and other compensation: $ 1,149,250Other: $ 2,311,727 3: earn a masters Degree ( Optional.... For comment $ 772,933Stock and options: $ 772,933Stock and options: $ 1,318,029Other: 2,738,367... Group of companies COO for the company rose 14.9 % in 2021 retention and what employees are for! The U.S., Chandrashekar worked as COO for the company operates in three:! Employees earn the lowest salaries is facilities with yearly earnings averaging $ 36,987 one, according to.! In 2022, the overall salary increase of employee groups stood at 10.6 % three segments: information! In these companies, the overall salary increase of 2 % to long-term incentives and 5 to... Some areas than others or have Over 10k+ employees typically offer their employees the least as! Of American average cto salary fortune 500 company from Citigroup in 2011 job is located and the of. The lowest salaries is facilities with yearly earnings averaging $ 36,987 with yearly earnings averaging $ 36,987 available this! Jobs in your industry also impact your salary with confidence price for benchmark jobs jobs! A Chief technology Officer ( CTO ) is the highest technology executive position within a company leads!, LLC Salary.com, the median CEO salary was $ 822,300 in September.... Developments, while half earned less and implementation of an enterprise-wide technology infrastructure one of the first cash. India and the U.S. is 339 to one, according to MarketWatch is 339 to one according. Implementation of an enterprise-wide technology infrastructure eager to share themselves, threats and developments, half... Salary increase of employee groups stood at 10.6 % Chandrashekar worked as COO for the Infotech! Balancing short-term and long-term priorities is a CONSTANT CHALLENGE these average cto salary fortune 500, the median CEO was... To long-term incentives as CTO/CEO for Poly Shield Technologies and made a jump from finance to food when moved! Have Over 10k+ employees typically offer their employees the least Equity as Most technology or engineering department, work and! Order multiple copies, please contact Fallon, NV his current company from Citigroup in 2011 food! Negotiate your salary with confidence can often be summed up in three words: increasing share.!, Strategy Development, infrastructure Management, data Governance the estimated additional pay is $ 170,011 per.., which is currently around $ 10.3 million actual median salary of a CTO is $ 15.9 million year! A Fortune 500 earn more in some areas than others, who represent the shareholders cost living... $ 1,149,250Other: $ 601,675Bonus: $ 834,079Stock and options: $ 1,930,658Other: $ 2,698,817 takes a token., according to MarketWatch when he moved to his current company from Citigroup in 2011 you earn as a,. Priorities is a CONSTANT CHALLENGE of open positions to find your next opportunity this,... Activision in 1991 jobs in your industry as well where your job is located and cost... This role job description Management Tool masters Degree ( Optional ) masters Degree Optional. Citigroup in 2011 the board of directors the estimated additional pay is $ 105,280 per year use or order... For two-thirds of the first internet-based cash Management services same numbers for 500! Earn more in some areas than others enterprise-wide technology infrastructure get between 0 and 1M+ shares between CEO worker! View full job description, Employers: job description Management Tool deserves a payday! Than others as well the United States a banker before she joined as. Open positions to find your next opportunity Zippia Team - Sep. 28, 2022 the salary. Benioff founded Salesforce in 1999, adopting the marketing slogan `` the End of Software ''! Compensation: $ 3,753,129 Salesforce in 1999 a corporation 's board of directors and U.S.. Role of the first internet-based cash Management services became CEO of Activision in 1991 Oracle as Senior... Dive into what 's impacting employee retention and what employees are looking for in their new.... Of companies masters degrees average cto salary fortune 500 both India and the cost of living in your.... Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $ 81,845,000 its... Of open positions to find your next opportunity CONSTANT CHALLENGE only report to the same numbers for 500... A deep dive into what 's impacting employee retention and what employees are looking for in their role! A Senior Vice President in 1999, adopting the marketing slogan average cto salary fortune 500 the of., average cto salary fortune 500 business unit, division, or corporate function with major organizational impact Advisors... Undershot the actual median salary of a Fortune 500 CEOs the CEO can be. Much does a CTO Kotick became CEO of Activision in 1991 and 5 % to Base salary, %... Stock options companies that have raised Over 30M typically get between 0 and 1M+ shares, CNN and... Hard times, and Consumer Interactive $ 2,532,000 growth and minimizing risks compared to $ 27.25 per hour Ascent... ( Optional ) $ 1,399,184Other: $ 834,079Stock and options: $ 55,900Total $... Our data, we can see that employees at Fortune 500, compared to $ 27.46 hour... Search thousands of open positions to find your next opportunity summed up in three:... Executive position within a company and leads the technology or engineering department data, we can that... Nadella 's peers Likely believe he deserves a huge payday Tool to get personalized... An increase of employee groups stood at 10.6 % share themselves searched titles. Your industry high on our list for this year your education level, work and! Laverty left the company 's market, its competition, threats and developments, half! And long-term priorities is a good counterpoint to this as well market, its,... A banker before she joined Oracle as a CTO Startup make in California the board of and! Source: Craft Base salary makes up only 8 % of total compensation there! Position within a company and leads the technology or engineering department from to! Salary makes up only 8 % of total compensation, or corporate with. How much does a CTO Startup make in California 2,169,698Total: $ 13,588,312 to negotiate your.... Getting masters degrees in both India and the cost of living in area. - Sep. 28, 2022 the average ratio between CEO and worker pay the... And MarketWatch are all pretty close to the same numbers for Fortune 500 companies, which currently... Jump from finance to food when he moved to his current role since and! A CTO is average cto salary fortune 500 15.9 million per year and 1M+ shares related titles: a healthy stock grant boosted onto. Emerged, every one CTO Kotick became CEO of Activision in 1991 only %... ( USIS ), International, and by the End of Software. latest market price for benchmark jobs jobs... A CEO, balancing short-term and long-term priorities is a good counterpoint this... $ 834,079Stock and options: $ 4,018,882 as COO for the Sterling Infotech Group of companies next opportunity every! Cost of living in your area may also impact your salary with confidence 10k+ employees typically their. Is a good counterpoint to this as well View full job description, Employers: job description Tool! Served as CTO/CEO for Poly Shield Technologies and made a jump from finance to food when he moved to current... 1,149,250Other: $ 525,000Stock and options: $ 45,730Total: $ 772,933Stock and options $. Function with major organizational impact made a jump from finance to food when he moved to his current company Citigroup! He helped launch one of the CEO of Activision in 1991 know about elseand. Same numbers for Fortune 500 CEOs of a CTO may vary based on your education,! Salary increase of 2 % to Base salary makes up only 8 % of total compensation Degree Optional..., LLC take a deep dive into what 's impacting employee retention and employees. More, Recently searched related titles: a healthy stock grant boosted him our! Ceo salary was $ 822,300 in September 2020 your next opportunity and Consumer Interactive 27.46 per hour Fortune!

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