The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. Nadella has headed that list since 2017. Fortune 500 pays $27.46 an hour, on average. 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. 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. Your input helps Glassdoor refine our pay estimates over time. 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 . These businesses use its services to acq Chief Technology Officer in Rochester, NY. 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. Not the job you're looking for? She became co-CEO with Mark Hurd in 2014. 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. Image from Unsplash. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. 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. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. 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. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. 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). Deerfield, IL, Addison Group - The median income of CMOs in the US may be close to $250,000 or even higher: the average CMO bonus is about $48,000. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." 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). In the chart below, we show an average composition of all salary data. Level of Education: Gaining advanced degrees CEOs in the U.S. make far more than those in other countries. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. We are unable to provide details of Scotts departure, his employers said cryptically, but two years later theyre still sending him enough deferred compensation for him to make it onto this list. Revenue for the company rose 14.9% in 2021. Here are the highest-paid CEOs. How to become a CTO While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. 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. 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. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. The lowest annual salary reported was $574,446, and the highest. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. C-Suite gets its name from the titles of top senior executives . 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. In 2022, the overall salary increase of employee groups stood at 10.6%. 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. Bend, OR, Addison Group - Several factors can contribute to a CTO's salary, including their location and industry. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Now, a quarter-century after the first CISO emerged, every one . The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Compared to the industry average of $70,097 per year, the average annual salary at Fortune 500 is $57,126, which is 18.50% lower. Typically reports to Chief Information Officer or Chief Executive Officer. Tim Cook (Apple) makes $3 million/yr. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. Has acquired the business acumen and leadership experience to become a top function or division head. 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. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. Bend, OR, B.E. Can It Keep Rising Post-Pandemic? 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. 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. . Hauppauge, NY. Managing Experience: If you are a Chief Technology Officer (CTO) 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. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. 31% of senior roles are held by women in the U.S. . Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Instead, the CEO of a Fortune 500 company is primarily concerned with the "big picture," which the Corporate Finance Institute describes as managing the company's managers while developing and overseeing the execution of long-term strategies. 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. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Chief Technology Officers. 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. Kotick became CEO of Activision in 1991. What your skills are worth in the job market is constantly changing. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. on a scholarship before entering the business world. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Tan was born in Malaysia and attended M.I.T. 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. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? 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. Jobs with a similar salary range to CTO : The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. 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. 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. Yearly Salary. For a real-time salary target, tell us more about your role in the four categories below. The CEO reports to a corporation's board of directors, who represent the shareholders. The median equity joining bonus was $150,000, while the average was $427,313. 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. Get Salary Data on All Global 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. Tyler Best knows cars and IT: hes held senior IT roles at Vanguard Car Rental, Budget Rent-a-Car, and Ally Financial, which used to be GMs lending arm. CEO pay dwarfs that of the average employee. DXC Technology Salaries trends. 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. Change of employer: A Chief Digital Officer reported a yearly salary . Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. These Fortune 100 employers have at least 350 openings each. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. For non-personal use or to order multiple copies, please contact Get the latest market price for benchmark jobs and jobs in your industry. The CEO is at the highest position in a company. $250,000. How Much Money Do Oil Refinery Workers Make? (Her. Vice President Technology, Salary estimation for CTO at companies like : Average Tenure. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. 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. 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. What is the average salary for a surgical technologist? 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. 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. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. None of the information on this page has been provided or approved by Fortune 500. Hes been in his current role since 2009 and at the company since 2001. They also rank higher than the vice president and many times, the Managing Director. Distribution and use of this material are governed by The most accurate data ever CCPA Compliant GDPR Compliant 150M . Fortune: On Average, Top CEOs Make Over $12.3 Million. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. Activity 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 starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. Before joining Big Lots, her background was in planning at various department store brands. Elon Musk, Tesla: $23.5 billion. They're hiring! A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Lenovo Late Night I.T. 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. Here's a look at how bonuses, stock awards, perks and other compensation add up. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. They develop policies and procedures and use technology to enhance products and services that focus on external customers. New York. Mattel had the highest ratio of 4,977 to 1. 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. 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. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. . All data are based on 119 salary surveys. 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.". This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. CFO salary ranges also differ from state to state. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? Establishes technology standards and communicates technical information to the organization. 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. Ray has worked as for the better part of two decades as an executive in the wireless telephony industry, starting as network vice president at Pacific Bell Mobile Services (one of the ancestors of AT&T Mobility) in 1996 before jumping ship to VoiceStream (which later became T-Mobile) in 2000. Search thousands of open positions to find your next opportunity. El Paso, TX, gpac - Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. 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. On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). . Skills associated with Chief Technology Officer: That said, there is a good counterpoint to this as well. InSights Blog. The estimated additional pay is $58,887 per year. 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 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. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. 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. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. The public energy sector was the second-highest-paying . 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