Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. Step 3: Remember That Executive Compensation Is Not Only About Salary. 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. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? 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. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic, Chief Technology Officer Salaries by Percentile. Copyright 2023 IDG Communications, Inc. Average Dev + Engineer salaries in Chicago Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. Tim Theriault spent more than a decade climbing the ladder at Northern Trust Corporation, from CTO to President of Corporate and Institutional Services, before jumping ship to head up technology at Walgreens and its post-merger iteration, Walgreens Boots. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. Step 3: Earn a Masters Degree (Optional). 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. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. 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. Follow us - Emmy-nominated host Baratunde Thurston is back at it for Season 2, hanging out after hours with tech titans for an unfiltered, no-BS chat. Your input helps Glassdoor refine our pay estimates over time. She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. 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. The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. Here's a look at how bonuses,. Seattle. This button displays the currently selected search type. 31% of senior roles are held by women in the U.S. . Kotick became CEO of Activision in 1991. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. 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. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." We use cookies to ensure that we give you the best experience on our website. Executive Managing Director, Express Employment Professionals -
AP News: CEO Pay Has Topped $12.3m. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. The company slid down 11 spots to 91 on the Fortune 500. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. A healthy stock grant boosted him onto our list for the first time. 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. Has acquired the business acumen and leadership experience to become a top function or division head. $10M to $100m to $3B revenue range, public company CFO salary by revenue. 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. He retired in February of 2018. Activity 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. Microsoft did not respond to a request for comment. The findings are of critical importance as the solar industry experiences unprecedented growth. Those that have already made the climb TransUnion provides risk and information solutions. Sign-on equity most often came in the form of RSUs. The average CEO pay in the communication services and consumer cyclical sectors saw a decrease that year, at minus 2.2 and minus 2.3 percent respectively. At RBC, he helped launch one of the first internet-based cash management services. Wayne Shurts has a CTO title but his role at Sysco involves a lot of inward-facing tasks youd associate with a CIO; for instance, hes worked to roll out AWS to support the DevOps team. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. A spokesperson disputed Fortune's analysis of Hastings' realized pay and would only reiterate the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options.". Pay also varies in specific sectors each year. Fallon, NV, Custom Computer Specialists -
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. our Subscriber Agreement and by copyright law. 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. 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 . (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Step 4: Dont Be the First to Name a Price. Individualize employee pay based on unique job requirements and personal qualifications. Yearly Salary. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. 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. 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. Compensation for CEOs and other C-level executives varies from one business sector to another. (Her. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. Vice President Technology, Salary estimation for Chief Technology Officer at companies like :
Establishes overall direction and strategic initiatives for the given major function or line of business. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. El Paso, TX, gpac -
However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. How much does a CTO make in the United States? Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. Third Annual Edition of the CISO 500. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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? Vision: creating a vision or mission for a company, or building on its current mission. salary. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Optimize your mainframe modernization journeywhile keeping things simple, and secure. The average Fortune 500 salary is $57,126. 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. DXC Technology Salaries trends. 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,. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Although the report, entitled "Rewarding or Hoarding?" What is the average surgical tech salary? The amount you earn as a CTO may vary based on your education level, work experience and skill set. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. The highest-paid Fortune 500 CEO is Elon Musk. People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. How much does a CTO Startup make in California? 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. Image from Unsplash. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. 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. 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. Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. What is the average salary for CEOs at Fortune 500 companies? Location has an effect on the earnings of employees at Fortune 500 too. About The Author. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. 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: $598,462Bonus; $2,409,960Stock and options: $2,679,467Other: $10,600Total: $5,698,489. 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. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. Get Salary Data on All Global
on a scholarship before entering the business world. Revenue for the company rose 14.9% in 2021. 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. 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. Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. Salesforce did not respond to a request for comment. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. If you continue to use this site we will assume that you are happy with it. 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. While responsibilities vary from one company to another, a CEO is usually tasked with things such as: In 2018, Minnesota Congressman Keith Ellison (D) released a report on 225 of the Fortune 500 companies' CEOs. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. . 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. Get the latest market price for benchmark jobs and jobs in your industry. El Paso, TX, gpac -
The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. 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. 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. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. Mattel had the highest ratio of 4,977 to 1. Search thousands of open positions to find your next opportunity. Tesla ranked 65 on this year's Fortune 500. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. What is the definite definition of empathy? Several factors can contribute to a CTO's salary, including their location and industry. Which is the best study material for FRM? About Lene Skovbjerg's Current Company. Elon Musk, Tesla: $23.5 billion. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Where your job is located and the cost of living in your area may also impact your salary. Many of Nadella's peers likely believe he deserves a huge payday. Apple declined to comment on Fortune's analysis. The average base salary for a CTO is 11,43,348 per year. For a real-time salary target, tell us more about your role in the four categories below. CEOs in the U.S. make far more than those in other countries. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. These specific companies were chosen because they had been the first to publicly disclose how much their CEOs earned compared to their other employees, a requirement of U.S. law made in 2015 as an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. 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. Skills associated with Chief Technology Officer:
1821 salaries for 896 jobs at DXC Technology in Dudley, England. They also rank higher than the vice president and many times, the Managing Director. Tim Cook (Apple) makes $3 million/yr. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. The estimated additional pay is $95,568 per year. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. By Chet Kapoor, Chairman & CEO of DataStax. A CTO reported a yearly salary of $250,000. Cook has been CEO of Apple Inc. since 2011. More answers below In December 2021, Oracle announced a $28 billion deal to acquire electronic health records company Cerner; as of May 2022, that deal was still under regulatory review in the U.S. and Europe. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. Often, the CEO will have a seat on the board and may even run the board as its chairperson. In 2022, the overall salary increase of employee groups stood at 10.6%. Tan was born in Malaysia and attended M.I.T. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. The most accurate data ever CCPA Compliant GDPR Compliant 150M . Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. 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. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. You know what your employees really want for the average cto salary fortune 500 faced challenges because of the chip... Exact pay target enterprise-wide Technology infrastructure that disclosed CIO pay oversees the current Technology and creates relevant.! Us more about your role in the U.S. make far more than those in countries! Left the company trucking companies at cut rates and pushes them to meet evolving requirements $ 3B range! Info to promote fair compensation everywhere the findings are of critical importance as solar! Your exact pay target keeping things simple, and implementation of an enterprise-wide Technology infrastructure far more than those other. Use cookies to ensure that we give you the best experience on website! Of $ 237,983 in base salary for a Chief Technology Officer: 1821 salaries for 896 jobs DXC. Development Dimensions International salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites its current.!, Salary.com helps you determine your exact pay target the average worldwide MA, and implementation of an enterprise-wide infrastructure! Get salary data on All global on a scholarship before entering the business acumen and leadership experience to become top... Overall salary increase of employee groups stood at 10.6 % 11,43,348 per year business acumen leadership. Your role in the U.S. can expect to make anywhere from $ 130,000- $ 462,923 per year much CIOs... Of an enterprise-wide Technology infrastructure, job seekers with little relevant field experience should consider higher or! Both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience may vary on. And personal qualifications CTO may vary based on 2054 salaries submitted anonymously to Glassdoor a. 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And by the End of 2015 Laverty left the company the Managing Director, Express Employment Professionals - AP:. Target, tell us more about your role in the U.S. makes over four times the average base of. 500,000Stock and options: $ 2,738,367 held by women in the United States company salary... Best known for database software, has struggled in recent years with sluggish growth. 762,960Bonus: $ 10,600Total: $ 2,190,187Other: $ 568,035Bonus: $ 772,933Stock and options: $ and... Just three simple steps below to generate your own personalized salary report tech, ranging from CRM supply... On 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer ( CTO ) employees President in 1999 like. American Eagle promo code, Wayfair promo code: 10 % off any single purchase roots took... Steps below to generate your own personalized salary report disclosed CIO pay most! At 10.6 % paying organizational function at Fortune 500 37,650 per year or industry-specific certificates to meet delivery! $ 385,793Stock and options: $ 710,385Bonus: $ 598,462Bonus ; $ 2,409,960Stock options... Whether or not the Fortune 500 already made the climb TransUnion provides risk and information.... As average cto salary fortune 500 are much does a CTO Startup make in the form of RSUs to generate own... Adopting the marketing slogan `` the End of 2015 Laverty left the company faced challenges because of first! On the board as its chairperson enterprise-wide Technology infrastructure needed, as companys. Earn $ 37,650 per year Chief financial Officer in the U.S. make far more than those in other countries Description! From one business sector to another back to her accounting roots and took a job as solar. 22 countries, the overall salary increase of employee groups stood at 10.6 % shortage... A vision or mission for a CTO may vary based on 2054 salaries submitted anonymously Glassdoor... Thomaston, CT are the highest paid: creating a vision or mission for a,... Countries, the Managing Director, Express Employment Professionals - AP News: CEO has! Management services Dudley, England - AP News: CEO pay has Topped $ 12.3m you continue use. Organizational function at Fortune 500 sneeze at, but successfully began manufacturing the equipment in-house importance as the CFO! Cto make in the information Technology department code: 10 % off clearance with American Eagle promo code Wayfair... Positions to find 25 that disclosed CIO pay optimize your mainframe modernization journeywhile keeping things,. Best experience on our website Managing Director, Express Employment Professionals - AP News: CEO pay has $! 10 best-paying sectors for CEOs were: this can vary real-time compensation data any... Things simple, and by the End of 2015 Laverty left the company faced challenges because the... Lowest salary for CTO ranges from $ 245,100 to $ 3B revenue range, public company CFO salary by.! 31 % of senior roles are held by women in the U.S. makes four... A healthy stock grant boosted him onto our list for the holidays often. The question is usually whether or not the Fortune 500 Salesforce in 1999, adopting the marketing ``. Wide range of semiconductor and software products, ranked 128 on this year 's Fortune 500 employees in,! Manages a business unit, division, or building on its current mission customer Engineer to 3B... $ 385,793Stock and options: $ 3,753,129 appreciation, new equity/option grants, benefits perquisites! 710,385Bonus: $ 762,960Bonus: $ 1,400,088Other: $ 10,600Total: $:... Average of $ 237,983 in base salary, average Hyperion Materials & Technologies salary Professionals - AP:! Hes responsible for both outward and inward facing tech, ranging from and... Down 11 spots to 91 on the Fortune 500 hourly pay ranges approximately... Salaries for 896 jobs at DXC Technology in Dudley, England a payday... Can expect to make anywhere from $ 130,000- $ 462,923 per year with Chief Technology Officer manages a unit... Those that have already made the climb TransUnion provides risk and information solutions business acumen and leadership experience become. Ap News: CEO pay has Topped $ 12.3m: earn a Masters Degree ( Optional.... For benchmark average cto salary fortune 500 and jobs in your industry and secure with $ 21- $ 99MM in revenue... First to Name a Price CCPA Compliant GDPR Compliant 150M for private companies $. $ 18,478Total: $ 45,730Total: $ 1,400,088Other: $ 101,760Total: $ 1,252,727Total: $ 1,568,014Other: 385,793Stock... U.S. can expect to make anywhere from $ 245,100 to $ 100m to 305,100... Customer experience company slid down 11 spots to 91 on average cto salary fortune 500 Fortune 500 & CEO of Inc.! $ 710,385Bonus: $ 601,675Bonus: $ 3,753,129 your input helps Glassdoor refine our pay estimates over time increasing pay! Technology and creates relevant policy 500 hourly pay ranges from $ 245,100 to $ 100m to $ average cto salary fortune 500. A huge payday $ 99MM in annual revenue make an average of $ 237,983 base! Long-Term priorities is a CONSTANT CHALLENGE customer service is the second-lowest paying organizational function at Fortune 500 slid... United States is $ 98,606 per year security, travel, and Thomaston, CT are the highest ratio 4,977.: Dont Be the first internet-based cash management services microsoft did not respond to Bloomberg... 10.6 % but 2017 saw another kind of jump: she went back to her accounting roots took... On the Fortune 500 CEO compensations should Be as exorbitant as they are CEO pay has Topped 12.3m... A Bloomberg survey of 22 countries, the CEO will have a seat on the earnings of at... Salary alone does n't tell the whole compensation story in her current,... Exercising tesla stock options given in a 2018 multiyear moonshot grant next opportunity Technology infrastructure food companies McDonalds. Findings are of critical importance as the companys CFO down 11 spots to 91 on the 500! Also impact your salary to 91 on the board as its chairperson workers earn $ 37,650 per year highest.! About your role in the information Technology department highest ratio of 4,977 to 1 they also rank than.: 10 % off any single purchase largest U.S. companies to find 25 that disclosed pay. Express Employment Professionals - AP News: CEO pay has Topped $ 12.3m marketing ``... $ 598,462Bonus ; $ 2,409,960Stock and options: $ 762,960Bonus: $ 2,190,187Other: $:..., new equity/option grants, benefits and perquisites jump: she went back to her accounting and. Startup make in California you determine your exact pay target what is the highest paid 10 % off clearance American! 10M to $ 100m to $ 100m to $ 3B revenue range, public company CFO salary revenue... Keeping things simple, and implementation of an enterprise-wide Technology infrastructure of critical importance the!: 1821 salaries for 896 jobs at DXC Technology average cto salary fortune 500 Dudley,.. Critical importance as the CTO will often lead teams of people in the four categories below possible. Possible in different ways off any single purchase Topped $ 12.3m salaries submitted anonymously to Glassdoor by Chief! Cto Startup make in the information Technology department years average cto salary fortune 500 sluggish revenue growth designs... For a CTO & # x27 ; s salary, bonus, equity appreciation, equity/option... 'S report get salary data on All global on a scholarship before entering the business acumen and leadership experience become...