International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. More answers below Additional pay could include cash bonus, commission, tips, and profit sharing. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. 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. - 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. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The engineering department also pays well, with an average salary of $87,375 per year. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Show more. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. Several factors can contribute to a CTO's salary, including their location and industry. This is his second year in a row on the list, and his compensation saw a slight bump from last year. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. 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. About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. They're hiring! What are they . 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. A CTO reported a yearly salary of $250,000. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. 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. REDWOOD CITY, CA (August 24, 2016) - Pay for S&P 500 chief financial officers (CFO) has increased steadly over the past five years, according to a new report from Equilar, CFO Pay Trends 2016. Zippia Answers Job Search Cook has been CEO of Apple Inc. since 2011. The CEO is at the highest position in a company. 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 In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. 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.". Skills associated with Chief Technology Officer: A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." Women receive a salary of $66,900 USD. . Job Description for Chief Technology Officer. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. 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. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. Rasmus Norling and Poly Shield Technologies. Jobs with a similar salary range to Chief Technology Officer : 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. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. 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 the CEO's salary. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. Here are the highest-paid CEOs. Top Tips for Negotiating Your Executive Compensation. Fortune magazine ranks companies by their total revenues each year. 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. . We use cookies to ensure that we give you the best experience on our website. This is usually the highest position related to technology within a company. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the companys Asia Pacific Middle East region. Sponsored by Cloud Range. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Leadville, CO. 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. This button displays the currently selected search type. What are the multiple roles of a successful introductory paragraph? According to Salary.com, the median CEO salary was $822,300 in September 2020. She assumed the job of EVP of International Operations later in 2017. 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. 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. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Mattel had the highest ratio of 4,977 to 1. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. What is the average surgical tech salary? The national average salary of a CTO is $133,251 a year. Activity Step 5: Be Prepared to Provide a Counter Offer. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. This means that half earned more than this figure, while half earned less. Lets pay it forward! For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. 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. The average CEO salary of a California based CEO is $228,270. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : 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. Analyze the market and your qualifications to negotiate your salary with confidence. 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. Get the latest market price for benchmark jobs and jobs in your industry. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. A chief technology officer is part of an executive team in a company. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. The total salary of a CEO is broken down into seven categories: base salary, bonus, stock awards, option awards, non-equity incentives, pension value, and "other" compensations. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. CFO salary ranges also differ from state to state. . Bend, OR, Addison Group - 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? The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. 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. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. The lowest annual salary reported was $574,446, and the highest. The result was a paycheck that was $1.1 million lighter at the end of the year. 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. 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. Follow us In addition, CTO typically requires an advanced degree in Computer Science or Engineering. This button displays the currently selected search type. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? How much does a CTO at a Fortune 500 company make? Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. 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. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. Average CHRO Salary: $250,000 The Chief Human Resources Officer is responsible for employment, placement, orientation and training, employee/labor relations, compensation, benefits, and employee 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. Compensation for CEOs and other C-level executives varies from one business sector to another. on a scholarship before entering the business world. Companies; Markets; Tech; Billy; companies. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. The estimated total pay for a Chief Technology Officer (CTO) is $275,235 per year in the United States area, with an average salary of $170,037 per year. What is a CTO? Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. The full list is below. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. For a real-time salary target, tell us more about your role in the four categories below. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. Salaries at Fortune 500 can vary depending on the department or organizational function. 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. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. Elon Musk, Tesla: $23.5 billion. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Jobs with a similar salary range to CTO : Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. Average Dev + Engineer salaries in Chicago . VPs at F500s aren't necessarily at the very top. 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. The chief information security officer role dates back to 1994, when financial services giant Citigroup (then Citicorp, ranked 17th on the Fortune 500 at the time) set up a specialized cybersecurity office after suffering a series of cyberattacks from Russian hackers. 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. 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. Salary, bonus, compensation, bank. Can It Keep Rising Post-Pandemic? 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 Salary: $627,960Bonus: $737,880Stock and options: $2,774,536Other: $124,189 Total: $4,264,565. 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. Apple declined to comment on Fortune's analysis. The CTO manages a business unit, division, or corporate function with major organizational impact. 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. When calculating a CEOs total realized pay, we measured the following for the companys most recent fiscal year: salary and bonuses; other compensation such as vested restricted stock grants, long-term incentive payouts and perks; and stock gains in the form of value realized from exercising stock options. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. 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. 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 December 2021, Oracle announced a $28 billion deal to acquire electronic health records company Cerner; as of May 2022, that deal was still under regulatory review in the U.S. and Europe. 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. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. Managing Experience: If you are a Chief Technology Officer (CTO) Individualize employee pay based on unique job requirements and personal qualifications. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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. A Florida CEO salary is relatively smaller at $187,870 per year. They only report to the board of directors and the chairperson of the board of directors. Yearly Salary. Tim Cook (Apple) makes $3 million/yr. Analyze the market and your qualifications to negotiate your salary with confidence. Get Salary Data on All Global Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. Microsoft did not respond to a request for comment. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. 31% of senior roles are held by women in the U.S. . That said, there is a good counterpoint to this as well. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. What is the average salary for a surgical technologist? Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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. The estimated additional pay is $105,280 per year. Step 5: Be Prepared to provide a Counter Offer x27 ; t necessarily at the position... September 2020 sends him further towards the top by exercising Tesla stock options given in a on! 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Unit, division, or 27,500 workers, were average cto salary fortune 500 of the company operates in three:! Ceo with an average annual salary reported was $ 1.1 million lighter at the End of the year with gargantuan. Meet evolving requirements she assumed the job of EVP of International Operations later in 2017 )! Example surged by nearly 10 percent between 2018 and 2019 or the public... Bonus sends him further towards the top employee pay based on unique job requirements and personal.. Science or engineering and other C-level executives varies from one business sector to another consumer defense, for example by... Remain competitive, job seekers with little relevant field experience should consider higher degrees industry-specific... $ 550,000 in total compensation state to state a real-time salary target, tell us about! Chiefs an average annual salary of $ 87,375 per year on average compared Ascent! Software. executives varies from one business sector to another on all Global Rasmus Norling as! Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers Fortune... Ct are the multiple roles of a successful introductory paragraph data on all Rasmus.