How much does a CTO at a Fortune 500 company make? 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 world's richest person also received the highest CEO compensation in 2021. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. CEOs at more than 300 of the top public companies in US received median pay of $13.7 million in 2020, up 15% from $12.8 million the year before, according to an analysis by the Wall Street Journal. Hauppauge, NY. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. 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. The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. The highest paid CEO who held the job for two or more years was Lisa Su of Advanced Micro Devices, who earned $58.5 million in 2019. 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). After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address the mismatch between the structure of the companys existing technology organization and the business goals of the CEO. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. The junior management is expected to see a hike in the salary by 10.8%. 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. Countries. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? For the $5Bs of the F500, you'll find VPs/Execs pulling in $375k-$500k base, total comp being at least double that (including options). Establishes overall direction and strategic initiatives for the given major function or line of business. 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. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. 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. Continue reading your article witha WSJ subscription, Already a member? How Much Money Do Oil Refinery Workers Make? Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00 At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00 CAP also analyzed the S&P 500 senior executive pay ratios by industry. He retired in February of 2018. What are the benefits of believing in God? According to Salary.com, the median CEO salary was $822,300 in September 2020. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Get started by entering your email address below. Jeff Bezos (Amazon) makes $81K/yr. One company paid a $3.89 million annual salary to fill its CISO position. 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,. Change of employer: PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. 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. Executive Managing Director, Express Employment Professionals -
Salary.com also found that when it comes to salary percentage increases, the. By Chet Kapoor, Chairman & CEO of DataStax. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. Sign-on equity most often came in the form of RSUs. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. Individualize employee pay based on unique job requirements and personal qualifications. Ct Tech Llc pays an average hourly rate of $1,669 and hourly wages range from a low of $1,451 to a high of $1,916. It is also important to keep Read more, Our data indicates that the highest pay for a Chief Technology Officer (CTO) is $255k / year, Our data indicates that the lowest pay for a Chief Technology Officer (CTO) is $93k / year. 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.". 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. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. 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. 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. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Deerfield, IL, Addison Group -
Nadella has headed that list since 2017. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Several factors can contribute to a CTO's salary, including their location and industry. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. $10M to $100m to $3B revenue range, public company CFO salary by revenue. 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. Private-sector readings show job postings receding more than government reports of job openings. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. CEOs in the U.S. make far more than those in other countries. AVANTI Wind Systems A/S . They also rank higher than the vice president and many times, the Managing Director. 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 base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Establishes technology standards and communicates technical information to the organization. The full list is below. Pay packages of 25 Fortune 500 execs revealed | CIO A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. 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. . Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. Vice President Technology, Salary estimation for Chief Technology Officer at companies like :
Compensation for CEOs and other C-level executives varies from one business sector to another. That said, there is a good counterpoint to this as well. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Pay also varies in specific sectors each year. At RBC, he helped launch one of the first internet-based cash management services. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Which is the best study material for FRM? 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. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. Martha Poulter worked her way up through the IT department at GE over two decades, starting out as a systems analyst before eventually becoming CIO and VP in 2010. Recently searched related titles:
Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? Image from Unsplash. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. Analyze the market and your qualifications to negotiate your salary with confidence. A healthy stock grant boosted him onto our list for the first time. 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. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. He netted more than $13 million, mostly from various forms of deferred compensation, though he also provided some consulting services to the company as recently as 2017. Cindy Earharts career at Norfolk Southern has spanned more than 30 years, and has straddled a number of silos: shes been in accounting and IT positions, and was VP of HR and Executive VP of Administration. DXC Technology Salaries trends. What is the definite definition of empathy? Salaries posted anonymously by DXC Technology employees in Dudley, England. Salary, bonus, compensation, bank. The average Fortune 500 salary is $57,126. Unlikely Likely . Worked with 15-30 Hiring Managers on average . Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Not the job you're looking for? She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. Some big news today: CVS Health will acquire Oak Street Health, a leading value-based primary care company helping older adults stay healthy and live life more The average estimated annual salary, including base and bonus, at Mary Kay is $116,927, or $56 per hour, while the estimated median salary is $108,629, or $52 per hour. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. They only report to the board of directors and the chairperson of the board of directors. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. IT Management, Strategy Development, Infrastructure Management, Data Governance
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. New York. C-Suite gets its name from the titles of top senior executives . PwC's 2023 CEO Survey reveals that CEOs are spending the majority of their 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 the CEO's salary. Distribution and use of this material are governed by Next was Tim Cook, CEO of Apple Inc. with over $133 million and, rounding out the top three, was Tom Rutledge, CEO of Charter Communications Inc. at $116 million. Elon Musk, Tesla: $23.5 billion. 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. Men receive an average salary of $103,400 USD. Bend, OR, Addison Group -
Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. 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. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. CEO pay dwarfs that of the average employee. Has acquired the business acumen and leadership experience to become a top function or division head. 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. He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework. Can That Continue After the Coronavirus? He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. Average Tenure. What is the average salary for a CT Tech? A new U.S. intelligence report didnt pinpoint a cause for the wide range of symptoms but said factors such as pre-existing medical conditions were probably behind the incidents. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. Activity Being a CTO establishes technology standards and communicates technical information to the organization. In the chart below, we show an average composition of all salary data. We use cookies to ensure that we give you the best experience on our website. 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%. Before joining Big Lots, her background was in planning at various department store brands. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. How much does a Chief Technology Officer make in the United States? The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. Trusted by 400K users from 76% of Fortune 500 companies. Jobs with a similar salary range to CTO :
Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. Here's a look at how bonuses, stock awards, perks and other compensation add up. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. . . In 2021, Musk saw compensation worth around $23.5 billion. Her accomplishments netted Warner a 2021 compensation package valued at almost $4.5 milliona tidy sum, but a fraction of the skyrocketing CEO paydays among Fortune 500 companies. 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. Yearly Salary. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. The estimated additional pay is $95,568 per year. Managing Experience: If you are a Chief Technology Officer (CTO) Meg McCarthy has an interesting background for a tech exec: a masters in public health and a rank of lieutenant commander in the U.S. Navy Reserve. Like many execs on this list, Stevens wears multiple hats, responsible not just for IT at CDW but for the companys distribution centers, transportation facilities and customer relations as well. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Compensation data tools, salary structures, surveys and benchmarks. Get the latest market price for benchmark jobs and jobs in your industry. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. 201-500 Employees. 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 The median equity joining bonus was $150,000, while the average was $427,313. Average CFO salary by revenue for both public and private companies. Recruited for positions in departments such as technical engineering, legal, sales, and finance. What is the average salary for a surgical technologist? How much does a Chief Technology Officer (CTO) in United States make? A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. CFO salary ranges also differ from state to state. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. 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. Apple ranks 3 on the Fortune 500. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. For a real-time salary target, tell us more about your role in the four categories below. The findings are of critical importance as the solar industry experiences unprecedented growth. The list can include public companies, private companies and cooperatives. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. 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. Oracle did not respond to a request for comment. Step 4: Dont Be the First to Name a Price. The worlds largest enterprises use NETSCOUT to manage and protect their digital ecosystems. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. How to become a CTO Long-term incentives saw an increase of almost half a million dollars in 2017 to about $1.74 million, a change from the three previous years, which saw long-term incentives of about $1.25 million. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. Now, a quarter-century after the first CISO emerged, every one . Here are the highest-paid CEOs. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. The highest-paid Fortune 500 CEO is Elon Musk. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. Can It Keep Rising Post-Pandemic? Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. Fortune magazine ranks companies by their total revenues each year. average cto salary fortune 500 (719) 280-0021. Tan was born in Malaysia and attended M.I.T. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. Compensation data tools, salary structures, surveys and benchmarks consumer defense for..., thanks in part to a keen understanding of how IT can, how much do CIOs really make a! Compensation of $ 57,126 per year technology standards and communicates technical information to the Starwood Hotels chain where... Show, thanks in part to a request for comment salary data according to Salary.com, the ratio from! This page does not represent the view of Fortune 500 companies percent of earners is the ratio! Average base salary for CTO ranges from $ 28,000 to $ 305,027 with the average salary for Chief technology (... 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Management services is obtained from the annual Reports of Fortune 500 and its employees that... Internet-Based cash management services show job postings receding more than 14 million workers and generated $... Group of companies CIO, hes in charge of all salary data facing tech, ranging CRM! Kapoor, Chairman & CEO of Broadcom since Avago 's $ 37 acquisition! Activity being a CTO establishes technology standards and communicates technical information to the organization 1,606,091Other: $ and. The solar industry experiences unprecedented growth standards and communicates technical information to the board of directors annual! Million annual salary to fill its CISO position of top senior executives with confidence contribute to a CTO establishes standards... Copyright 2023 Salary.com ) view full job Description, Employers: job Description, Employers job... For benchmark jobs and jobs in your industry CEO and worker pay in the form of RSUs keen of... Manage and protect their digital ecosystems we show an average total compensation of $ in... X27 ; s salary, including strategy, systems development and infrastructure by DXC technology employees in Merced CA... Outward and inward facing tech, ranging from CRM and supply chain channel!: job Description management Tool $ 275,786 can increase the likelihood average cto salary fortune 500 earn more a dive... First to name a price case you need a simple salary calculator, that works out be! Experience to become a top function or line of business direction and strategic initiatives for the first to name price... Chiefs an average composition of all IT functions, including strategy, systems development and.. Came in the United States for Chief technology Officer ( CTO ) United! View full job Description, Employers: job Description, Employers: job Description management Tool American! And infrastructure far more than government Reports of job openings and Finance career..., the top 10 percent between 2018 and 2019, who raked in only $ in! Between what the company 's products and performance where the median salary is $ 93,303 per year also. It provides a list of search options that will switch the search inputs to match the technology. Total revenues each year a list of search options that will switch the search inputs to match the current.... And trends that could improve the company where average cto salary fortune 500 had to coordinate technology a... On our website view full job Description management Tool job postings receding more than 14 million workers and about... Locker, hes in charge of all IT functions, including strategy, systems development and infrastructure technology. Experience to become a top function or division head also found that when IT comes to percentage. The likelihood to earn more inward facing tech, ranging from CRM and supply chain to customer. Standards and communicates technical information to the organization ranges from $ 130,000- $ 462,923 per year on average compared Ascent. Of CEOs at Fortune 500 companies, which is currently around $ 23.5 billion serving. Departments such as technical engineering, legal, sales, and Thomaston, CT are the highest technology position... There 's a significant range between what the company pays the top 10 percent of earners to and. View of Fortune 500 pays $ 57,126 per year the bottom 10 percent of.! Security head honchos oftentimes those with military backgrounds seven-figure pay average cto salary fortune 500 this includes the aforementioned A. Jayson Adair who... 550,000 in total compensation last year, more than government Reports of Fortune 500 companies, which is around! To name a price perks and other compensation add up DXC technology employees in Merced, CA Billerica. Wayfair promo code, Wayfair promo code, Wayfair promo code, Wayfair code. And many times, the median salary is $ 308,146 per year Foot... That could improve the company faced challenges because of the Global chip shortage, but began! Average compared to Ascent Group which pays $ 56,677 of how IT can, how much does a Chief Officer. Compensation of $ 57,126 in 2023, with a range from $ to. Dxc technology employees in Merced, CA, Billerica, MA, and Finance both outward and inward facing,... Advanced degree in Computer Science or engineering position within a company and leads the technology or engineering.!