Although the report, entitled "Rewarding or Hoarding?" The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Hurd stepped down in 2019, citing health issues, and Catz became CEO. 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). Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more. What is a CTO? $320,000. Step 3: Remember That Executive Compensation Is Not Only About Salary. El Paso, TX, gpac - On the average, compensation among current female CEOs is approximately $10.8 million which is not too different from Fortune 500 average of $12 million. More answers below 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 El Paso, TX, gpac - While Eastman exceeded its targets for growth and innovation, the amount of cash generated by the company that year, as well as employee safety targets, were not met. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. Compensation data tools, salary structures, surveys and benchmarks. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Change of employer: Corporate executives account for two-thirds of the richest 1 percent of American households. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. 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. This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Compensation data tools, salary structures, surveys and benchmarks. VPs at F500s aren't necessarily at the very top. 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. The estimated additional pay is $95,568 per year. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. 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. How much does a CTO make in the United States? In the chart below, we show an average composition of all salary data. 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. Microsoft did not respond to a request for comment. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. 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. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. Lets pay it forward! However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. A healthy stock grant boosted him onto our list for the first time. The average base salary for a CTO is 11,43,348 per year. With bonuses, the figure balloons to $1,281,700. Zippia gives an in-depth look into the details of Fortune 500, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fortune 500. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. C-Suite gets its name from the titles of top senior executives . 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. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of CTO in the United States. Not the job you're looking for? 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. 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. Bend, OR, B.E. Search thousands of open positions to find your next opportunity. 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%. How Cultural Diversity Affects Women in the Workplace. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. The average CT Technologist salary in the United States is $74,003 as of January 29, 2021, but the salary range typically falls between $67,699 and $80,952. 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. Revenue rose 24.7% percent in 2021. What is the average salary for CEOs at Fortune 500 companies? The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. 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. Salaries at Fortune 500 can vary depending on the department or organizational function. 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. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. What are the multiple roles of a successful introductory paragraph? If you continue to use this site we will assume that you are happy with it. Chief Technology Officer in Wilmington, DE. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. 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). 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. Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. Salary, bonus, compensation, bank. The amount you earn as a CTO may vary based on your education level, work experience and skill set. The most accurate data ever CCPA Compliant GDPR Compliant 150M . . 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. 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. our Subscriber Agreement and by copyright law. Bloomberg: Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money, The Difference Between Executive Pay and Non-Executive Pay, The Salaries of Corporate Vice Presidents. Establishes technology standards and communicates technical information to the organization. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. For non-personal use or to order multiple copies, please contact International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). Fortune magazine ranks companies by their total revenues each year. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. What are they . Get started by entering your email address below. 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. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. Rasmus Norling and Poly Shield Technologies. Average CFO salary by revenue for both public and private companies. 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. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. Cook has been CEO of Apple Inc. since 2011. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. After dropping lower on our list for 2015, a big bonus and hefty stock awards put him back up close to the top this year, but he left the company in April 2018; hes now advising firms in various industries on turnaround initiatives. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. How much does a Chief Technology Officer make in the United States? 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-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Salary.com also found that when it comes to salary percentage increases, the. Pay also varies in specific sectors each year. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. 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. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). 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Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. With the world's economy, as well as the livelihoods of millions of American workers, practically within their hands, few would deny that CEOs deserve to be well-paid. 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. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? 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. CEO pay dwarfs that of the average employee. Worked with 15-30 Hiring Managers on average . Hauppauge, NY. More, Recently searched related titles: Those that have already made the climb TransUnion provides risk and information solutions. 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. 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. They develop policies and procedures and use technology to enhance products and services that focus on external customers. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. 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. 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. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. Analyze the market and your qualifications to negotiate your salary with confidence. Fortune 500 employees in different sectors tend to have different salaries as well. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. Analyze the market and your qualifications to negotiate your salary with confidence. 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. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. A chief technology officer is part of an executive team in a company. Yearly Salary. Lene Skovbjerg's Estimated Salary Range. According to research by Equilar, in fiscal year 2019, the 50 highest-paid HR executives at Russell 3000 companies received an average annual compensation package of nearly $4.3 million, up from $3.6 million the year before. 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. 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. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. 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. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. What is the average salary for a CT Tech? Private-sector readings show job postings receding more than government reports of job openings. A spokesperson noted that the bulk of Schleifer's realized pay, per Fortune's analysis, "reflects the exercise of long-held options that were reaching their ten-year expiration point," and said, "Regenerons compensation philosophy has always emphasized long-term incentives in the form of stock options and other equity-based awards, as we believe this aligns employee interests with the typically long-term nature of drug development.". He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Countries. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Top Tips for Negotiating Your Executive Compensation. 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. CFO salary ranges also differ from state to state. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. 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. Executive Managing Director, Express Employment Professionals - Carters compensation was also padded by various perks, including use of a private jet and security services. For a real-time salary target, tell us more about your role in the four categories below. 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. salary. Recruited for positions in departments such as technical engineering, legal, sales, and finance. Distribution and use of this material are governed by At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. Optimize your mainframe modernization journeywhile keeping things simple, and secure. 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. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. The Average private company CFO Salary in 2022 According to CFO.com, the average cash compensation for a CFO in a private company with less than $20MM in annual revenue is $194,354. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Hes been in his current role since 2009 and at the company since 2001. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Bushman is something of a rare bird on this list: a career-long employee of the company that made her a top-paid IT exec. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. Show more. 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. The CEO is at the highest position in a company. 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. 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. Learn howand get unstoppable. 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. IT Management, Strategy Development, Infrastructure Management, Data Governance Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. 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. Average salary for DXC Technology Director in Hurst, England: [salary]. According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. Consider a career move to a new employer that is willing to pay higher for your skills. Seattle. He began his current role in 2014, aiming to drive operational excellence for Manpower IT worldwide Chandrashekars compensation is somewhat inflated by special payments he received to compensate for taxes he owed on income earned while living in the U.S. in previous years. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Kotick became CEO of Activision in 1991. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. Skills associated with Chief Technology Officer: 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. 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. 1. Anil Cheriyan has been in IT most of his career, working with systems, customer information, data warehousing and e-business engagements at PwC and helping financial services sector clients with business systems transformation, technology and process re-engineering initiatives at IBM Global Business Services. . Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. When expanded it provides a list of search options that will switch the search inputs to match the current selection. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. 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. The American Cancer Society said about 20% of new colorectal cancer diagnoses were in patients under age 55 in 2019, compared with 11% in 1995. 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. salary. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. In 2012 he became SunTrusts CIO, where employees earn an average of $ 57,126 in 2023, with report. Your area hes been in his current role since 2009 and at the very top healthy! Positions in departments such as technical Engineering, legal, sales, and Catz became CEO overseeing companys... $ 293,626Total: $ 2,188,165Stock and options: $ 1,400,088Other: $ 468,462Bonus: 637,477Total... 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