average cto salary fortune 500

Sign-on equity most often came in the form of RSUs. The estimated additional pay is $105,280 per year. Average Tenure. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. Not the job you're looking for? About The Author. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. Mattel had the highest ratio of 4,977 to 1. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Countries. Netflix also faces increased competition from streaming services. 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. 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. 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%. 1. Salaries posted anonymously by DXC Technology employees in Dudley, England. Men receive an average salary of $103,400 USD. Get the latest market price for benchmark jobs and jobs in your industry. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives Many of Nadella's peers likely believe he deserves a huge payday. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. More, Recently searched related titles: 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. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. 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. The year 2019 was actually a bit of a letdown for CEOs compared to 2018, which saw a 7.2 percent average increase compared to 2016. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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. . Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios - 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. 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. Cook has been CEO of Apple Inc. since 2011. 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. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." 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. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. 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. Activity Communication: speaking on behalf of the company to shareholders, government bodies or the general public. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. Countries. Average salary in Connecticut is $87,715 USD per year. What is the average salary for a CT Tech? 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.. CTO (Chief Technology Officer) Salary by Years of Experience The average salary for a CTO (Chief Technology Officer) with 7+ years of experience is $253,227. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. Fallon, NV, Custom Computer Specialists - 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. The estimated total pay for a CISO is $215,256 per year in the United States area, with an average salary of $156,368 per year. Typically reports to Chief Information Officer or Chief Executive Officer. Nadella has headed that list since 2017. 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. Recently searched related titles: Trusted by 400K users from 76% of Fortune 500 companies. Several factors can contribute to a CTO's salary, including their location and industry. Managing Experience: If you are a Chief Technology Officer (CTO) Compensation for CEOs and other C-level executives varies from one business sector to another. DXC Technology Salaries trends. About Lene Skovbjerg's Current Company. Microsoft posted a robust 38% increase in profits last yearearning $61 billion, the fourth-largest sum among Fortune 500 companiesas revenue rose 17.5% to $168 billion thanks to a successful Surface laptop and tablet launch. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Despite rampant employee complaints and several lawsuits over sexism, harassment, and Koticks personal mismanagement of assault claims at the game developer, Microsoft in January agreed to buy Activision for $68.7 billion, in what would be its largest acquisition to date. The CEO reports to a corporation's board of directors, who represent the shareholders. Private-sector readings show job postings receding more than government reports of job openings. 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. 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. She started at 3M in 1983 upon graduating from college as a materials control analyst; she became an IT analyst two years later and worked her way up the ladder of various tech jobs, assuming the role of Business IT Director of numerous divisions before becoming CIO in 2003. Hurd stepped down in 2019, citing health issues, and Catz became CEO. 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. Revenue rose 24.7% percent in 2021. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. 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. 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. CFO salary ranges also differ from state to state. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. What is a CTO? Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. Fallon, NV. The full list is below. Hes been in his current role since 2009 and at the company since 2001. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. This is the equivalent of $2,724/week or $11,802/month. 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. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. Salaries are different between men and women. See user submitted job responsibilities for Chief Technology Officer. 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. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. By Milan Shetti, CEO Rocket Software, Since joining XPO in 2011 as CIO, Mario Harik has worked alongside founder Brad Jacobs to create a $7.7 billion business that has technology innovation in its DNA. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Bend, OR, B.E. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. Lene Skovbjerg's Estimated Salary Range. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Fortune magazine ranks companies by their total revenues each year. The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Third Annual Edition of the CISO 500. A healthy stock grant boosted him onto our list for the first time. 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. 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. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. This year, Nadella was voted the most underrated CEO for the sixth consecutive year, according to the survey behind Fortunes Worlds Most Admired Companies. salary. Companies in a booming sector like health care tend to make more profit for their shareholders and can afford to pay their senior executives more. Tan was born in Malaysia and attended M.I.T. 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. Copyright 2023 IDG Communications, Inc. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. All data are based on 119 salary surveys. 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. 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. 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. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . Has acquired the business acumen and leadership experience to become a top function or division head. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. Now, a quarter-century after the first CISO emerged, every one . The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. Image from Unsplash. Vice President Technology, Salary estimation for CTO at companies like : Although he makes the cutoff for our list because he worked at AIG in 2017 and netted hefty compensation, much of it in the form of a bonus he actually left the company in March of that year, possibly as part of the sweep of the executive ranks that soon afterward saw the CEO ousted as well. Revenue surged 61.4%. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. Deerfield, IL, Addison Group - Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Elon Musk, Tesla: $23.5 billion. 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. 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. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. 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. CEO pay dwarfs that of the average employee. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Martin Lippert is a longtime tech exec in the financial services industry, with stints at Freddie Mac, Mellon Bank, Royal Bank of Canada, and Citigroup before his current job at MetLife. A chief technology officer is part of an executive team in a company. 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. 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). The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. Distribution and use of this material are governed by The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Women receive a salary of $66,900 USD. And hes managed to pull off a special feat: topping our list of high-paid tech execs for a job he left more than three years ago. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Average Dev + Engineer salaries in Chicago 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. Dave Barnes is a true UPS company man, starting off in 1977 as a package loader and using his wide knowledge of what the company doesranging from operations, to industrial engineering, to finance, to information technologyto rise through the ranks as UPS went worldwide in the 80s and 90s. Since her Navy service was in the Medical Services Corps, it makes sense that much of her career has been in the health care and health insurance industry: she was CIO at Catholic Health Initiatives and Franciscan Health System and SVP of IT at CIGNA before joining Aetna in 2003. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. publications including About.com, Re/Max and American Express. 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. Pay packages of 25 Fortune 500 execs revealed, We are unable to provide details of Scotts departure, in a number of Silicon Valley heavy hitters, advising firms in various industries on turnaround initiatives, possibly as part of the sweep of the executive ranks. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. 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 our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. 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. They head C-level members such as the COO, CTO, CFO, etc. 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. 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. 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. How much do Ct Tech Llc employees Hourly make in the United States? Vision: creating a vision or mission for a company, or building on its current mission. In the chart below, we show an average composition of all salary data. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In Seattle from anonymous CTO (Chief Technology Officer) employees in Seattle. How much does a CTO make in the United States? People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. Top Tips for Negotiating Your Executive Compensation. 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.". Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. 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. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. AP News: CEO Pay Has Topped $12.3m. (Her. 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 highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. How to become a CTO Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312.

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