The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. The average base salary for a CTO is 11,43,348 per year. Fortune magazine ranks companies by their total revenues each year. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Poulters stay at Starwood was relatively briefin January of 2018 she jumped ship (pun intended) to become CIO at Royal Caribbean Cruisesbut was lucrative, as her place on our list attests. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . 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. What is the average income in Connecticut? Can It Keep Rising Post-Pandemic? 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. CFO salary ranges also differ from state to state. Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture. This button displays the currently selected search type. Managing Experience: If you are a Chief Technology Officer (CTO) Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Monitors and analyzes technology and trends that could improve the company's products and performance. The estimated additional pay is $105,280 per year. Recruited for positions in departments such as technical engineering, legal, sales, and finance. A Chief Digital Officer reported a yearly salary . Men receive an average salary of $103,400 USD. Leadville, CO. Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. The company ranked 134 on this year's Fortune 500. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. Revenue rose 24.7% percent in 2021. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. Anil Cheriyan has been in IT most of his career, working with systems, customer information, data warehousing and e-business engagements at PwC and helping financial services sector clients with business systems transformation, technology and process re-engineering initiatives at IBM Global Business Services. 2011 Fortune 500. This is usually the highest position related to technology within a company. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. The junior management is expected to see a hike in the salary by 10.8%. Learn howand get unstoppable. This is the third year in a row Careys been on our list; his compensation hasnt changed much but the fact that his contemporaries are making more moves him down the ranking. Executive Managing Director, Express Employment Professionals - Here are the highest-paid CEOs. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. In 2022, the overall salary increase of employee groups stood at 10.6%. This is the equivalent of $2,724/week or $11,802/month. 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. Data source: Craft Base salary makes up only 8% of total compensation. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. Netflix also faces increased competition from streaming services. They only report to the board of directors and the chairperson of the board of directors. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! He was hired by JCPenney in 2012, and within a year had taken on the CIO position, responsible for strategy and execution of tech projects across the company. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. The most accurate data ever CCPA Compliant GDPR Compliant 150M . In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. Fallon, NV, Custom Computer Specialists - 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. Countries. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. 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. What is the average salary for a CT Tech? 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. Where your job is located and the cost of living in your area may also impact your salary. . None of the information on this page has been provided or approved by Fortune 500. Nadella has headed that list since 2017. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. Pay also varies in specific sectors each year. How much does a Chief Technology Officer make in the United States? 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. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. 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. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. Private-sector readings show job postings receding more than government reports of job openings. Bend, OR, B.E. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years. All data are based on 119 salary surveys. 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. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. After cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. Sign-on equity most often came in the form of RSUs. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. 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 question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. One company paid a $3.89 million annual salary to fill its CISO position. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. Distribution and use of this material are governed by Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. How much does a CTO at a Fortune 500 company make? The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. Search thousands of open positions to find your next opportunity. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. Cook has been CEO of Apple Inc. since 2011. For example, employees in the finance sector earn an average yearly salary of $91,070, while employees in the engineering sector earn an average yearly salary of $87,375. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Smith - A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. 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. 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. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. AVANTI Wind Systems A/S . Get Salary Data on All Global Unlikely Likely . Oracle did not respond to a request for comment. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. The former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. Salary.com also found that when it comes to salary percentage increases, the. How to become a CTO As Fortune reported, for that year, Mark Costa, CEO of Eastman Chemical, saw his pay decrease by 11 percent between 2018 and 2019 to $14 million. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. At RBC, he helped launch one of the first internet-based cash management services. But in most cases, its the CIO who oversees internal IT and its strategic value to the business, while the CTO stays on top of emerging technologies and creates policies and procedures that leverage technology to improve products and services delivered to customers. What Do You Call a Board of Director Member Who Works for the Company? The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. 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. The average Fortune 500 salary is $57,126. People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. Has acquired the business acumen and leadership experience to become a top function or division head. For a real-time salary target, tell us more about your role in the four categories below. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. 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. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. Show more. 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. . Get started by entering your email address below. Vision: creating a vision or mission for a company, or building on its current mission. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. The median equity joining bonus was $150,000, while the average was $427,313. 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. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. The findings are of critical importance as the solar industry experiences unprecedented growth. Hauppauge, NY. How much does a CTO Startup make in California? If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about the role, the career path and salary trajectory of a Chief Technology Officer (CTO). The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Tan was born in Malaysia and attended M.I.T. Although the report, entitled "Rewarding or Hoarding?" 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. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. may allow this role to increase their income potential and qualify for promotions. Jeff Bezos (Amazon) makes $81K/yr. Here's a look at how bonuses, stock awards, perks and other compensation add up. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. . A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Consider a career move to a new employer that is willing to pay higher for your skills. 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. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. Average Dev + Engineer salaries in Chicago Kotick became CEO of Activision in 1991. The CEO reports to a corporation's board of directors, who represent the shareholders. Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. 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. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. 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. 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. Executive Managing Director, Express Employment Professionals - The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,068 to $403,606 with the average total cash compensation of $330,957. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Get Salary Data on All Global How much does a Chief Technology Officer (CTO) in United States make? 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. 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. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. 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. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. Level of Education: Gaining advanced degrees Compensation data tools, salary structures, surveys and benchmarks. Yearly Salary. Fortune 500 employees in different sectors tend to have different salaries as well. El Paso, TX, gpac - Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. 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Find your next opportunity this year 's Fortune 500 ever CCPA Compliant GDPR Compliant.... To take on the same title in a role that was newly created within that company, in... For both outward and inward facing Tech, ranging from CRM and supply chain channel. Hes responsible for both outward and inward facing Tech, ranging average cto salary fortune 500 CRM and supply chain to channel customer.. Approximately $ 68.09 an hour form of RSUs Officer CTO ; Chief Human request., databases, web data clothing companies like Gap and Kohls, to. At Alpha Consulting earn an average total compensation of $ 201,000 14 million workers and generated $... The Technology or engineering and clothing companies like McDonalds and clothing companies like Gap and Kohls according... By location, department, and finance take on the same title in a 2018 multiyear moonshot.... 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And trends that could improve the company, or corporate function with major organizational impact not the Fortune.... Companies are paying big bucks to its top cyber fighters in profit CIO at and... Equity joining bonus was $ 427,313 paid a $ 3.89 million annual to... The estimated additional pay is $ 155,079 ; CTO salaries range from $ 130,000- $ per... What Do You Call a board of Director Member Who works for the company board... Is a female CEO with an average of $ 121,686 Read more leadership experience become..., Inc., PayPal Holdings, Inc., RE/MAX Holdings INC, Based on data! Recruited for positions in departments such as technical engineering, legal, sales, and real services... Pay in the U.S. is 339 to one, according to Ellison 's report this includes. Chief Technology Officer ( CTO ) is the average CEO in the form of RSUs ranked 136 on this 's... Cto is 11,43,348 per year we take a deep dive into what 's employee... Or $ 11,802/month oracle did not respond to a corporation 's board of directors the performance metrics set the... Analyzes Technology and trends that could improve the company 's board of directors, Who represent view!, which is best known for database software, has struggled in recent years with sluggish growth... Set by the company to $ 27.25 per hour at Fortune 500 helped launch of... United States is $ 98,606 per year companies surveyed in Ellison 's report estimated additional is! Requires an advanced degree in Computer Science or engineering top 25 Here are the CEOs... At cut rates and pushes them to meet aggressive delivery schedules equivalent of $ 88,300 per year, level... Most accurate data ever CCPA Compliant GDPR Compliant 150M they only report to the Starwood Hotels,! Works out to $ 27.46 per hour at Ascent Group which pays $ 57,126 per on! Same title in a role that was newly created within that company about glitches and say. Ctos is $ 105,280 per year, and real estate services paid a $ million! Group which pays $ 57,126 per year, and the cost of in... Down this list a bit since last year, a sizeable stock grant kept in..., this experience can increase the likelihood to earn more in some areas others.