Recent CTO (Chief Technology Officer) salaries in San Francisco $170,000 Yearly Salary A CTO (Chief Technology Officer) reported a yearly salary of $170,000 with +$30,000 in additional cash compensation 7+ Years of Experience Male 51-200 Employees San Francisco 5-10 Reports $236,667 Yearly Salary A healthy bonus put him high on our list for this year. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. 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). Typically reports to Chief Information Officer or Chief Executive Officer. Compensation data tools, salary structures, surveys and benchmarks. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. 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. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Follow us In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. A Florida CEO salary is relatively smaller at $187,870 per year. This is usually the highest position related to technology within a company. The average CEO salary of a California based CEO is $228,270. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. This button displays the currently selected search type. . Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. Mattel had the highest ratio of 4,977 to 1. It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. 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. Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. In 2021, Musk saw compensation worth around $23.5 billion. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. 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. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. Salesforce did not respond to a request for comment. He was in charge of all inward and outward facing tech at WUand his hefty stock haul in 2017 earned him a spot on our listbut in December 2017 he left the company for American Express, which was seen as bad for Western Union. 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. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. By the mid 00s he had moved to become CIO at Oracle, then spent a spell in the same role at Symantec before joining Western Union in 2012. The average Director - IT Service Delivery salary in Harleysville, PA is $143,361 as of , but the salary range typically falls between $114,117 and $162,489. Netflix also faces increased competition from streaming services. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. With bonuses, the figure balloons to $1,281,700. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. The CTO manages a business unit, division, or corporate function with major organizational impact. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. Berkshire Hathaway had the smallest ratio of 2 to 1, with CEO Warren Buffett earning only $100,000 that year, by far the lowest-paid CEO surveyed. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. How much does a Chief Technology Officer make in the United States? When expanded it provides a list of search options that will switch the search inputs to match the current selection. Fasano is currently the CEO of Bay Advisors, LLC. Amongst the salary groups, the top executives or the senior management are expected to see an increment by 9.1% in 2023, whereas the middle management is expected to see a salary hike by 10.1%. Get the latest market price for benchmark jobs and jobs in your industry. Of the five CEOs who had the worst returns, four of them made less than the median value of $12.4 million, while one remaining CEO took home slightly more. What are they . 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. (Her. All salary data courtesy of the Bureau of Labor Statistics. Jobs with a similar salary range to CTO :
Fortune 500 Internal Recruiting Department. Recruited for positions in departments such as technical engineering, legal, sales, and finance. The engineering department also pays well, with an average salary of $87,375 per year. Tesla ranked 65 on this year's Fortune 500. Men receive an average salary of $103,400 USD. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. Fortune magazine ranks companies by their total revenues each year. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. 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. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. After bouncing among more general top-level divisions, she assumed the more exalted title of SVP of Business Transformation and IT in 2013, which is the job that earned her the well-compensated place on this list. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. Jobs with a similar salary range to Chief Technology Officer :
However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. AVANTI Wind Systems A/S . 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. 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. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. CFO salary ranges also differ from state to state. The median income of CMOs in the US may be close to $250,000 or even higher: the average CMO bonus is about $48,000. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. 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. Not the job you're looking for? Fortune 500 employees in different sectors tend to have different salaries as well. The CEO reports to a corporation's board of directors, who represent the shareholders. 2011 Fortune 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 . While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. They head C-level members such as the COO, CTO, CFO, etc. Search thousands of open positions to find your next opportunity. 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