. 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. Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. 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. What Is Included in a CEO Golden Parachute? 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. 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. Location has an effect on the earnings of employees at Fortune 500 too. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. $10M to $100m to $3B revenue range, public company CFO salary by revenue. 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. 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 This is the equivalent of $2,724/week or $11,802/month. El Paso, TX, gpac - Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. 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. This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. 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. . Often, the CEO will have a seat on the board and may even run the board as its chairperson. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. 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. Jobs in business are in increasing demand, requiring workers with at least a bachelors degree and moderate to advanced technical skills, with the use of data often a required job function. DXC Technology Salaries trends. How Cultural Diversity Affects Women in the Workplace. Jeff Bezos (Amazon) makes $81K/yr. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). Vice President Technology, Salary estimation for CTO at companies like : Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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. Rasmus Norling and Poly Shield Technologies. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. The lowest annual salary reported was $574,446, and the highest. Analyze the market and your qualifications to negotiate your salary with confidence. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. The highest-paid Fortune 500 CEO is Elon Musk. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. Fasano is currently the CEO of Bay Advisors, LLC. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Step 3: Earn a Masters Degree (Optional). Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. Top Tips for Negotiating Your Executive Compensation. Musk did not respond to Fortune's requests for comment. 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. The CEO is at the highest position in a company. Trusted by 400K users from 76% of Fortune 500 companies. Level of Education: Gaining advanced degrees 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. 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 . Growing casualties havent so far shaken Pskov, an impoverished region that is home to the elite Russian paratrooper division that occupied Bucha in Ukraine. C-Suite gets its name from the titles of top senior executives . This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. Cook has been CEO of Apple Inc. since 2011. salary. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. . 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. Before joining Big Lots, her background was in planning at various department store brands. Zippia Answers Job Search The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. 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.". One company paid a $3.89 million annual salary to fill its CISO position. Here's a look at how bonuses,. Tim Cook (Apple) makes $3 million/yr. 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. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. Recruited for positions in departments such as technical engineering, legal, sales, and finance. 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. 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Where your job is located and the cost of living in your area may also impact your salary. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. . The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. CEOs in the U.S. make far more than those in other countries. The estimated additional pay is $58,887 per year. Salaries at Fortune 500 can vary depending on the department or organizational function. 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. Individualize employee pay based on unique job requirements and personal qualifications. Jobs with a similar salary range to Chief Technology Officer : Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Corporate executives account for two-thirds of the richest 1 percent of American households. 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. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. Jobs with a similar salary range to CTO : The full list is below. What is the average surgical tech salary? 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. What are the benefits of believing in God? Yearly Salary. What Do You Call a Board of Director Member Who Works for the Company? 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. Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. 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. Lenovo Late Night I.T. Now, a quarter-century after the first CISO emerged, every one . Revenue surged 61.4%. VPs at F500s aren't necessarily at the very top. If you continue to use this site we will assume that you are happy with it. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. Leadville, CO. 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. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Mark Zuckerberg (Facebook) takes a dollar token salary. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. 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. 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. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years.