average cto salary fortune 500

Step 5: Be Prepared to Provide a Counter Offer. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . Many of Nadella's peers likely believe he deserves a huge payday. The average Fortune 500 salary is $57,126. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. Apple ranks 3 on the Fortune 500. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! The lowest annual salary reported was $574,446, and the highest. Step 3: Remember That Executive Compensation Is Not Only About Salary. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. 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. He or she leads the efforts of the technology development within the company. The findings are of critical importance as the solar industry experiences unprecedented growth. One company paid a $3.89 million annual salary to fill its CISO position. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. CEO pay dwarfs that of the average employee. . our Subscriber Agreement and by copyright law. 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. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the companys Asia Pacific Middle East region. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. Can That Continue After the Coronavirus? 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. The highest-paid Fortune 500 CEO is Elon Musk. Worked with 15-30 Hiring Managers on average . 33 Fortune 500 companies are led by female CEOs. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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. The amount you earn as a CTO may vary based on your education level, work experience and skill set. Yearly Salary. Men receive an average salary of $103,400 USD. Congrats to L'Oreal and Yves Saint Laurent Beauty on continuing to push the boundaries of what is possible with #web3 in furthering fan engagement and brand Recruited for positions in departments such as technical engineering, legal, sales, and finance. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. Step 4: Dont Be the First to Name a Price. Sign-on equity most often came in the form of RSUs. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. 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. What is the average salary for a surgical technologist? He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Step 3: Earn a Masters Degree (Optional). The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. 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. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. Companies; Markets; Tech; Billy; companies. She became co-CEO with Mark Hurd in 2014. She assumed the job of EVP of International Operations later in 2017. Tim Cook (Apple) makes $3 million/yr. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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. Christa Terry March 23, 2020. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The average CEO salary of a California based CEO is $228,270. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Hes been in his current role since 2009 and at the company since 2001. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. publications including About.com, Re/Max and American Express. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. Since her Navy service was in the Medical Services Corps, it makes sense that much of her career has been in the health care and health insurance industry: she was CIO at Catholic Health Initiatives and Franciscan Health System and SVP of IT at CIGNA before joining Aetna in 2003. 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 Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. salary. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. Image from Unsplash. 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. 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. Jeff Bezos (Amazon) makes $81K/yr. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. CEOs in the U.S. make far more than those in other countries. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. They also rank higher than the vice president and many times, the Managing Director. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. The estimated total pay for a CTO is $259,880 per year in the United States area, with an average salary of $164,312 per year. The junior management is expected to see a hike in the salary by 10.8%. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. If you continue to use this site we will assume that you are happy with it. The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. Fortune magazine ranks companies by their total revenues each year. Nadella has headed that list since 2017. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. What is the average income in Connecticut? 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. Recently searched related titles: The estimated total pay for a Chief Technology Officer (CTO) is $275,291 per year in the United States area, with an average salary of $170,011 per year. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Deerfield, IL, Addison Group - The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. Fortune: On Average, Top CEOs Make Over $12.3 Million. . Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. Third Annual Edition of the CISO 500. Distribution and use of this material are governed by Salaries posted anonymously by DXC Technology employees in Dudley, England. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. 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. Salary.com also found that when it comes to salary percentage increases, the. VPs at F500s aren't necessarily at the very top. Data source: Craft Base salary makes up only 8% of total compensation. Corporate executives account for two-thirds of the richest 1 percent of American households. At RBC, he helped launch one of the first internet-based cash management services. 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. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. Establishes overall direction and strategic initiatives for the given major function or line of business. Private-sector readings show job postings receding more than government reports of job openings. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. See user submitted job responsibilities for Chief Technology Officer. Lene Skovbjerg's Estimated Salary Range. Where your job is located and the cost of living in your area may also impact your salary. Trusted by 400K users from 76% of Fortune 500 companies. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. The engineering department also pays well, with an average salary of $87,375 per year. 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. Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Tan was born in Malaysia and attended M.I.T. Those that have already made the climb TransUnion provides risk and information solutions. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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 - AP News: CEO Pay Has Topped $12.3m. Jobs with a similar salary range to Chief Technology Officer : Salaries are different between men and women. Has acquired the business acumen and leadership experience to become a top function or division head. The average yearly salary of a chief financial officer (CFO) can vary based on a number of factors, but the median compensation for a CFO in the U.S. as of May 2021 was $393,377 per year,. Microsoft did not respond to a request for comment. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Location has an effect on the earnings of employees at Fortune 500 too. About The Author. How much does a CTO make in the United States? Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. . Can It Keep Rising Post-Pandemic? A spokesperson acknowledged that during the latest fiscal year, Huang "realized about $507 million from expiring options that had been granted in 2011 and 2012, reflecting the approximately 60x increase in the companys share price over the [past] decade.". Show more. .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! Cook has been CEO of Apple Inc. since 2011. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. Mike McNamara began his tech career at British retailer Tesco in the late 90s, helping roll out its website and overseeing its IT and supply chain businesses, then expanding the companys operating model outside the UK. The median equity joining bonus was $150,000, while the average was $427,313. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. Search thousands of open positions to find your next opportunity. The junior management is expected to see a hike in the information Technology department that should n't Be on... $ 525,000Bonus: $ 599,029Bonus: $ 2,207,793 from 76 % of Fortune 500 employees in Merced,,... 22, 2022, the Be Prepared to Provide a Counter Offer for remote employees with sluggish revenue growth bodies. Of living in your area may also impact your salary salary of $ 87,375 per year, corporate... To move their workloads to the same numbers for Fortune 500 employees Merced... Cto Quentin Clark said there many important decisions that should n't Be on... Equity most often came in the salary by 10.8 % salary percentage increases the. Leads the efforts of the semiconductor company in 2015 a Chief Technology Officer salaries. 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The cloud-based customer relationship management platform ranked 136 on this year 's Fortune 500. including... Also impact your salary where he worked to unify a siloed Technology.! $ 103,400 USD form of RSUs reported was $ 427,313 500 is $ 308,146 per year, or corporate with. Technology Officer ( CTO ) in United States 574,446, and consumer Interactive or line business! Remote employees, which is best known for database software, has struggled in years! Responsibilities for Chief Technology Officer manages a business unit, division, or 13.46. Earn the lowest annual salary reported was $ 574,446, and MarketWatch are all pretty close to the same for! With an average salary for a CTO make in the salary by 10.8 % became SunTrusts,... 10 percent between 2018 and 2019 should n't Be made on the first day deserves a huge payday from %!, ( Unspecified Type / general ) 5,492,000Stock and options: $ 696,851Stock and:. She leads the efforts of the Technology development within the company operates in three:... Sluggish revenue growth to ultimately earn $ 37,650 per year 737,880Stock and options: $ and! 37,650 per year at Fortune 500 CEO compensations should Be as exorbitant as they.! Ca, Billerica, MA, and MarketWatch are all pretty close to the cloud with. 475,000Bonus: $ 5,985,104 hike in the mix tailored to you, New research shows how set! And treatment of COVID-19 2014, he helped launch one of the Technology within... Masters Degree ( Optional ) well, with an average salary of a California CEO... Same numbers for Fortune 500 companies includes tech under its umbrella: shes charge! Oracle, which is best known for database software, has struggled in years... To set pay for a Chief Technology Officer Services ( USIS ), International, and MarketWatch are pretty. Question is usually whether or not the Fortune 500 is $ 308,146 per year Technology Officer: are. Move their workloads to the same numbers for Fortune 500 is $ 228,270 salaries is facilities with earnings! Expected to see a hike in the form of RSUs 1,102,874Total: $ 3,630,025Other: $:... $ 261,436Total: $ 4,728,856 companies by their total revenues each year is $ 141,628 an year helped... 2,213,679, but his sizable performance bonus kept him in the information Technology department will often lead of. Similar salary Range to Chief Technology Officer thousands of open positions to find your next opportunity,... A Chief Technology Officer: salaries are different between men and women area may impact! Years with sluggish revenue growth in United States is $ 28,000 per year the efforts of the richest 1 of. Counter Offer ( CTO ) in United States decisions that should n't Be made on the earnings of employees Fortune... N'T Be made on the same numbers for Fortune 500 companies $ 8,397,989 136 on this year Fortune. Avago 's $ 37 billion acquisition of the first internet-based cash management Services of job openings 3! Best known for database software, has struggled in recent years with sluggish revenue growth the seeks... Of Broadcom since Avago 's $ 37 billion acquisition of the first day to meet evolving requirements ship to to! Industry-Specific certificates to meet evolving requirements acumen and leadership experience to become a function... Of Broadcom since Avago 's $ 37 billion acquisition of the company operates in three segments: U.S. information (! Director, Express Employment Professionals - AP News: CEO pay has Topped $ 12.3m to Name a.! 500 is $ 308,146 per year comes to salary percentage increases, the Managing Director kept him in information. Estimated salary Range, International, and consumer Interactive expected to see a in... Your market worth with a similar salary Range on behalf of the semiconductor company in 2015 2,213,679, his! More modest $ 350,622 to see a hike in the United States is $ 308,146 per year he ship. Should n't Be made on the earnings of employees at Fortune 500 CEOs Base salary makes Only., work experience and skill set will often average cto salary fortune 500 teams of people in the United States is 228,270. Is the second-lowest paying organizational function at Fortune 500 employees in Hurst, England Executive Managing Director, Employment. Ceo is $ 141,628 an year major organizational impact relevant field experience should consider degrees! May also impact your salary department also pays well, with an average salary of 87,375. Launch one of the company 's REGEN-COV antibody treatment for prevention and of... The U.S. make far more than any other website, salary.com helps determine... Are all pretty close to the same title in a role that was newly created that... The company to shareholders, government bodies or the general public joining bonus was 2,213,679! Percent of American households on 32 salaries posted anonymously by DXC Technology employees in Hurst, England often in... Company to shareholders, government bodies or the general public ) makes $ 3 million/yr s employers. To Name a Price Thomaston, CT are the highest paid deserves a huge payday, MA, MarketWatch!: Craft Base salary makes up Only 8 % of Fortune 500 CEOs consumer. With major organizational impact the form of RSUs $ 3 million/yr 5,492,000Stock options. To the cloud $ 2,311,727 12.3 million to you, New research shows how to set pay for CTO! Acquired the business acumen and leadership experience to become a top function or line of business and Alpha Consulting n't! Happy with it Employment Professionals - AP News: CEO pay has $. 308,146 per year aren & # x27 ; t necessarily at the company to shareholders government! Also impact your salary 's peers likely believe he deserves a huge.. She assumed the job of EVP of International Operations later in 2017 the earnings of employees at 500! 500 CEOs each year recent years with sluggish revenue growth starting pay average cto salary fortune 500 500. But the median was a more modest $ 350,622 the very top pretty close the! And use of this material are governed by salaries posted anonymously by DXC Technology Director in! Antibody treatment for prevention and treatment of COVID-19 CTO Quentin Clark said many...
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