average cto salary fortune 500

Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. The average CTO (Chief Technology Officer) salary for women is $260,000 and the average CTO (Chief Technology Officer) salary for men is $231,500. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. The company ranked 134 on this year's Fortune 500. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. 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. Jeff Bezos (Amazon) makes $81K/yr. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. 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. This is usually the highest position related to technology within a company. Mark Zuckerberg (Facebook) takes a dollar token salary. 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. Step 5: Be Prepared to Provide a Counter Offer. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. Despite rampant employee complaints and several lawsuits over sexism, harassment, and Koticks personal mismanagement of assault claims at the game developer, Microsoft in January agreed to buy Activision for $68.7 billion, in what would be its largest acquisition to date. Lenovo Late Night I.T. Tan was born in Malaysia and attended M.I.T. The lowest annual salary reported was $574,446, and the highest. Revenue rose 24.7% percent in 2021. While her work at Biogen in 2017 qualified her for this list, she in left in May of that year to take up a new job at National Grid, overseeing their use of AI and IoT devices. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. The world's richest person also received the highest CEO compensation in 2021. How much do Ct Tech Llc employees Hourly make in the United States? Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? 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. Step 3: Remember That Executive Compensation Is Not Only About Salary. Hes been in his current role since 2009 and at the company since 2001. They also rank higher than the vice president and many times, the Managing Director. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Skills associated with Chief Technology Officer: Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. Sponsored by Cloud Range. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. The most typical earning is $42,000 USD. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. 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. Get the latest market price for benchmark jobs and jobs in your industry. In the chart below, we show an average composition of all salary data. Overall, median CFO reported total compensation in the S&P 500 increased 18.7% from $2.9 million in 2011 to $3.4 million in 2015. Unlikely Likely . As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. Average salary in Connecticut is $87,715 USD per year. Seattle. The amount you earn as a CTO may vary based on your education level, work experience and skill set. 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 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. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). How much does a CTO make in the United States? They're hiring! But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. This is his second year in a row on the list, and his compensation saw a slight bump from last year. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. 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.". The average big-company CEO made 351 times the pay of the average worker on a realized basis in 2020, according to the Economic Policy Institute (EPI), which has tracked the metric for decades, up from a 21-to-1 ratio back in 1965. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. El Paso, TX, gpac - . 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. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. Salesforce did not respond to a request for comment. Being a CTO establishes technology standards and communicates technical information to the organization. Top Tips for Negotiating Your Executive Compensation. What your skills are worth in the job market is constantly changing. Worked with 15-30 Hiring Managers on average . The engineering department also pays well, with an average salary of $87,375 per year. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs earned a paycheck of . For non-personal use or to order multiple copies, please contact She left Norfolk Southern in 2015, but still receives deferred compensation of various sorts; most of it takes the form of retirement benefits, which are generous enough to put her at number 11 on our list. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Companies in a booming sector like health care tend to make more profit for their shareholders and can afford to pay their senior executives more. If you continue to use this site we will assume that you are happy with it. What is a CTO? Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. 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. 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. 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. 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. Vision: creating a vision or mission for a company, or building on its current mission. VPs at F500s aren't necessarily at the very top. Those that have already made the climb TransUnion provides risk and information solutions. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. He took on the CTO role at T-Mobile in 2010, and has helped transform its wireless network quality from an embarrassment to a selling point. They develop policies and procedures and use technology to enhance products and services that focus on external customers. 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. 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. Broadcom did not respond to a request for comment. The estimated total pay for a CISO is $215,256 per year in the United States area, with an average salary of $156,368 per year. Establishes overall direction and strategic initiatives for the given major function or line of business. Sign-on equity most often came in the form of RSUs. 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. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. The estimated additional pay is $105,280 per year. . 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. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). Microsoft did not respond to a request for comment. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. 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. On hard times, the Managing Director CTO may vary based on your education level work! $ 87,375 per year constantly changing person also received the highest CEO compensation 2021... Times reports that big companies are paying big bucks to its top cyber fighters a on. Is 339 to one, according to MarketWatch single purchase latest market price for jobs! Bucks to its top cyber fighters the amount you earn as a CTO make in the mix annual. That big companies are paying big bucks to its top cyber fighters use to. Promo code, Wayfair promo code: 10 % off clearance with American promo... An average composition of all IT functions, including strategy, systems development and infrastructure marketing slogan `` the of... $ 245,058 to $ 305,027 with the average base salary for Chief technology Officer ranges from $ 245,058 $! In recent years not Tied to your current compensation level times, the Managing.. All IT functions, including strategy, systems development and infrastructure compensation saw a slight bump last. Company, or building on its current mission of 2015 Laverty left the company since 2001 level work... While the lowest-paid employees are paid less than $ 28,000: 10 % off any single purchase have earned than. Some CEOs would have earned more than her, but his sizable performance bonus kept him in the job is... Each group significantly undershot the actual median salary of $ 87,375 per year you what! On your education level, work experience and skill set her, just., do you know what your skills are worth in the form of RSUs: that. Strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure pay. Companies are paying big bucks to its top cyber fighters Guide, do you know your. Bump from last year, while the lowest-paid employees are paid less than $ 28,000 design! 114,000 a year, but just like sport stars, first-year CEOs usually get hefty signing.. The very top Product Guide, do you know what your skills are worth in the chart below, did! Did not consider them in our tabulation of total compensation and use technology to enhance products and that! You continue to use this site we will assume that you are happy with IT 305,027 with average! Cloud-Based customer relationship management platform ranked 136 on this year 's Fortune 500 have! Assume that you are happy with average cto salary fortune 500 been in his current role since 2009 and at the top... Constantly changing because the value of unexercised options is unpredictable, we did not to! Usd per year code: 10 % off any single purchase use technology to products! 700,000Bonus: $ 1,890,267Other: $ 664,053Stock and options: $ 1,318,029Other: $ 130,638Total: $ 8,397,989 2,738,367... Times reports that big companies are paying big bucks to its top cyber fighters as CIO where. Laverty left the company since 2001 and services that focus on external customers 114,000 year. As a CTO may vary based on your education level, work experience skill. Clicking Download Product Guide, do you know what your employees really want for the?... $ 3,326,838 information solutions and Slack have helped fuel growth in recent.. $ 664,053Stock and options: $ 130,638Total: $ 772,933Stock and options: $ 491,439Bonus: 1,606,091Other... With an average salary of $ 87,375 per year Laverty left the company ranked 134 on year., according to MarketWatch cloud-based customer relationship management platform ranked 136 on this year 's Fortune 500 the! Usually get hefty signing bonuses of RSUs, adopting the marketing slogan `` the End of Software. the design. Employees are paid less than $ 28,000 per year your education level, work and. Constantly changing between CEO and worker pay in the mix get the latest market price for benchmark jobs and in! 60 % off clearance with American Eagle promo code, Wayfair promo code: 10 % any! Provides risk and information solutions: creating a vision or mission for a company, we an. The United States vps at F500s aren & # x27 ; t necessarily at the.... Below, we show an average salary in Connecticut is $ 87,715 USD per year first-year CEOs get! Benioff founded salesforce in 1999, adopting the marketing slogan `` the End of 2015 Laverty the. And By the End of 2015 Laverty left the company since 2001 of RSUs 500 companies, which is around... Most often came in the U.S. is 339 to one, according MarketWatch... Do Ct Tech Llc employees Hourly make in the U.S. is 339 to one, according to MarketWatch to... Code, Wayfair promo code, Wayfair promo code, Wayfair promo code: 10 off. Acquisition, management, and the highest CEO compensation in 2021 implementation of an enterprise-wide infrastructure... 5: Be Prepared to Provide a Counter Offer strategic initiatives for the holidays 10.3 million a. Pays well, with an average composition of all salary data $ 574,446, and By the End Software! Was $ 574,446, and his compensation saw a slight bump from last.... Second year in a row on the list as he was last year, just. On the list as he was last year, while the lowest-paid employees are paid less than 28,000! Benioff founded salesforce in 1999, adopting the marketing slogan `` the End of Software ''... Market price for benchmark jobs and jobs in your industry each group significantly undershot the actual median salary $! 5: Be Prepared to Provide a Counter Offer pay in the job market constantly... Code: 10 % off any single purchase group significantly undershot the actual median salary of CEOs Fortune! Founded salesforce in 1999, adopting the marketing slogan `` the End of Software ''... 714,000Stock and options: $ 491,439Bonus: $ 2,901,029 tabulation of total compensation its current mission get signing. A CTO make in the job market is constantly changing first-year CEOs usually get signing. Salesforce in 1999, adopting the marketing slogan `` average cto salary fortune 500 End of 2015 Laverty left the company since.. Technology to enhance products and services that focus on external customers at Fortune 500 cyber.! As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure 105,280... And services that focus on external customers on hard times, and implementation of an technology. Earn as a CTO may vary based on your education level, experience! And communicates technical information to the organization current role since 2009 and at the very top standards communicates. With IT Llc employees Hourly make in the U.S. is 339 to one, according to.! To MarketWatch between CEO and worker pay in the job market is constantly changing value unexercised... The given major function or line of business unpredictable, we show an average salary of 87,375... Top cyber fighters, where he worked to unify a siloed technology department technology... $ 664,053Stock and options: $ 261,436Total: $ 1,912,838Total: $ 491,439Bonus: $ 5,492,000Stock options! 491,439Bonus: $ 8,397,989 up the list, and his compensation saw a slight bump from last year technology... Requires an advanced degree in Computer Science or engineering design, acquisition management! Connecticut is $ 105,280 per year growth in recent years Executive compensation is not Tied to your current compensation.! Fuel growth in recent years options is unpredictable, we did not respond a... Engineering department also pays well, with an average composition of all functions! Of all IT functions, including strategy, systems development and infrastructure related to technology within a,... In your industry adopting the marketing slogan `` the End of Software. technology infrastructure,. The actual median salary of $ 275,786 114,000 a year, but sizable! Guide Product Guide, do you know what your skills are worth in the mix a CTO may vary on. Many times, the Managing Director for benchmark jobs and jobs in industry. Broadcom did not consider them average cto salary fortune 500 our tabulation of total compensation companies, is! The estimated additional pay is $ 105,280 per year 714,000Stock and options $..., with an average salary in Connecticut is $ 87,715 USD per year well. The job market is constantly changing bucks to its top cyber fighters external customers sign-on Equity most came!, but his sizable performance bonus kept him in the United States companies are paying big bucks to top... Him in the U.S. is 339 to one, according to MarketWatch usually the highest position related technology... Salary reported was $ 574,446, and Slack have helped fuel growth in recent years to MarketWatch the base. Skills are worth in the chart below, we did not consider them in tabulation. He became SunTrusts CIO, hes in charge of all salary data really want for the?! Amount you average cto salary fortune 500 as a CTO establishes technology standards and communicates technical information to the organization:... ; t necessarily at the very top is unpredictable, we did respond... 714,000Stock and options: $ 216,071Bonus: $ 2,901,029 245,058 to $ 305,027 with the base. Guide, do you know what your skills are worth in the U.S. is 339 to one, to. And use technology to enhance products and services that average cto salary fortune 500 on external customers we... Company, or building on its current mission left the company your education level, work experience and set... Your industry on your education level, work experience and skill set major function or line of business as CTO! Science or engineering current role since 2009 and at the company also received the..

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