average cto salary fortune 500

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. Countries. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. 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. Companies; Markets; Tech; Billy; companies. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. 1. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. 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 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. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. salary. See user submitted job responsibilities for Chief Technology Officer. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. Analyze the market and your qualifications to negotiate your salary with confidence. Learn howand get unstoppable. Average CFO salary by revenue for both public and private companies. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. 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. 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. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. A CTO reported a yearly salary of $250,000. 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.". 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. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. The junior management is expected to see a hike in the salary by 10.8%. Use our tool to get a personalized report on your market worth. 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. What your skills are worth in the job market is constantly changing. Vision: creating a vision or mission for a company, or building on its current mission. CEO pay dwarfs that of the average employee. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. Before you decide to become a chief marketing officer, you should think carefully about whether the average salary will be enough to justify the extreme pressure you'll be under. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. . average cto salary fortune 500 (719) 280-0021. Location has an effect on the earnings of employees at Fortune 500 too. 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. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. Pawan Vermas career has been focused on retail and ecommerce: after stints at Convergys and Verizon Wireless, he spent two years as VP of Digital Technology and API Platforms at Target, where his bailiwick ranged from marketing tech to the companys online store. For a real-time salary target, tell us more about your role in the four categories below. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. from one year to another. Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. He retired in February of 2018. 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. The Standard & Poor (S&P) 500 is a list of the top 500 companies listed on U.S. stock exchanges, and while it's not exactly the same, the majority of Fortune 500 companies are also on the S&P 500 list. She became co-CEO with Mark Hurd in 2014. Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. The average Fortune 500 salary is $57,126. . Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. 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. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. 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. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. 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. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Copyright 2023 IDG Communications, Inc. After cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. But his incredible pay package may be justified by Apples stock market performance under Cook: The tech companys market value during his tenure has increased by $2.2 trillion. 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. Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. Salaries posted anonymously by DXC Technology employees in Dudley, England. What is the definite definition of empathy? Show more. 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. 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 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. 201-500 Employees. Why do people leave their jobs? AP News: CEO Pay Has Topped $12.3m. El Paso, TX, gpac - Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Fortune 500 Internal Recruiting Department. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. 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: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Hurd stepped down in 2019, citing health issues, and Catz became CEO. 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. 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. IT Management, Strategy Development, Infrastructure Management, Data Governance Chris Hjelm had his first CIO job at Cedants Travel Distribution Services, but since 2005 has been with the Kroger supermarket chain, and now is responsible for managing the companys IT operations from sites ranging from retail stores to manufacturing plants to offices and R&D facilities. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. PwC's 2023 CEO Survey reveals that CEOs are spending the majority of their The estimated additional pay is $95,568 per year. Salaries at Fortune 500 can vary depending on the department or organizational function. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. How much does a CTO make in the United States? Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. . Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. 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. Fortune 500 employees in different sectors tend to have different salaries as well. In 2021, Musk saw compensation worth around $23.5 billion. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. 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). Get started by entering your email address below. In 2022, the overall salary increase of employee groups stood at 10.6%. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. 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.. Search thousands of open positions to find your next opportunity. 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. 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. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. 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? 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. CFO salary ranges also differ from state to state. Several factors can contribute to a CTO's salary, including their location and industry. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. 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. What Is Included in a CEO Golden Parachute? Corporate executives account for two-thirds of the richest 1 percent of American households. What is the average salary for a CT Tech? Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Technology Officer in the United States. Analyze the market and your qualifications to negotiate your salary with confidence. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. Salary.com also found that when it comes to salary percentage increases, the. Your input helps Glassdoor refine our pay estimates over time. 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. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. Leadville, CO. Lenovo Late Night I.T. 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. Get Salary Data on All Global Establishes technology standards and communicates technical information to the organization. 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. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. 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. Shes been at Big Lots in one role or another since 2002, and served for 10 years in a more conventional CIO role starting in 2005. . But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. Vice President Technology, Salary estimation for CTO at companies like : We use cookies to ensure that we give you the best experience on our website. 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