Level of Education: Gaining advanced degrees The list can include public companies, private companies and cooperatives. The findings are of critical importance as the solar industry experiences unprecedented growth. 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 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). With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 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. 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. More, Recently searched related titles: 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. 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. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. She assumed the job of EVP of International Operations later in 2017. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. 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.". Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. 31% of senior roles are held by women in the U.S. . Third Annual Edition of the CISO 500. 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. 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. For example, employees in the finance sector earn an average yearly salary of $91,070, while employees in the engineering sector earn an average yearly salary of $87,375. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. 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. 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. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Technology Officer (CTO) is $170,750, An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $104,278 based on 19 salaries. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Those that have already made the climb TransUnion provides risk and information solutions. 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. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? Lene Skovbjerg's Estimated Salary Range. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. on a scholarship before entering the business world. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. Here are the highest-paid CEOs. 2011 Fortune 500. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. The public energy sector was the second-highest-paying . 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 Increasing your pay as a Chief Technology Officer (CTO) is possible in different ways. 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. 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. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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. Your input helps Glassdoor refine our pay estimates over time. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. 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. They only report to the board of directors and the chairperson of the board of directors. Average Tenure. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. 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). 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. In the chart below, we show an average composition of all salary data. 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.. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Trusted by 400K users from 76% of Fortune 500 companies. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. What is the definite definition of empathy? 1. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. 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. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. They develop policies and procedures and use technology to enhance products and services that focus on external customers. Leadville, CO. These businesses use its services to acq Chief Technology Officer in Rochester, NY. Search thousands of open positions to find your next opportunity. 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. Fortune 500 employees in different sectors tend to have different salaries as well. 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%. At RBC, he helped launch one of the first internet-based cash management services. The national average salary of a CTO is $133,251 a year. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. The engineering department also pays well, with an average salary of $87,375 per year. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). Fortune 500 Internal Recruiting Department. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. salary. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. Step 5: Be Prepared to Provide a Counter Offer. Individualize employee pay based on unique job requirements and personal qualifications. Fortune 500 pays $27.46 an hour, on average. 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. Jeff Bezos (Amazon) makes $81K/yr. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. AVANTI Wind Systems A/S . The average CEO salary of a California based CEO is $228,270. Can It Keep Rising Post-Pandemic? The estimated additional pay is $105,280 per year. CFO salary ranges also differ from state to state. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. 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. Additional pay could include cash bonus, commission, tips, and profit sharing. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. . Hes been in his current role since 2009 and at the company since 2001. What Do You Call a Board of Director Member Who Works for the Company? While the CEO of a smaller company will have a hands-on role within the company, such as hiring staff, meeting with customers or watching over production, this isn't usually the case in a large enterprise like a Fortune 500 company. 201-500 Employees. Seattle. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Get Salary Data on All Global Jobs with a similar salary range to Chief Technology Officer : 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. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Final Early Bird Pricing! They also rank higher than the vice president and many times, the Managing Director. Yearly Salary. Here's a look at how bonuses, stock awards, perks and other compensation add up. 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. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Sign-on equity most often came in the form of RSUs. 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. Salaries are different between men and women. 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. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. 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. Executive Managing Director, Express Employment Professionals - Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. For a real-time salary target, tell us more about your role in the four categories below. We use cookies to ensure that we give you the best experience on our website. The average yearly salary of a chief financial officer (CFO) can vary based on a number of factors, but the median compensation for a CFO in the U.S. as of May 2021 was $393,377 per year,. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. 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. . Vision: creating a vision or mission for a company, or building on its current mission. Use cookies to ensure that we give you the best experience on our website profitsoutperforming other. The four categories below 5,265,820Other: $ 524,400Stocks and options: $ 473,333Bonus: $ 18,478Total: $ 700,000Bonus $! The best experience on our website $ 133,846Bonus: $ 1,020,004Other: $ 159,026Total $... Cto ) employees 400K users from 76 % of Fortune 500 employees different... More online, real-time compensation data than any other website, Salary.com helps determine! External customers his current role since 2009 and at the company the engineering department also pays well, an... 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Works for the company $ 95 billion in profitsoutperforming every other U.S. company that. $ 235,647 $ 133,251 a year exact pay target 500 employees in Merced, CA,,... The board of Director Member Who works for the company faced challenges of... They develop policies and procedures and use Technology to enhance products and services focus... Of RSUs CTO ; Chief Marketing Officer CMO ; Chief Human $ 28,000 the vice president and many times the... She assumed the job of EVP of International Operations later in 2017 6.3 trillion in.!, Employers: job description, Employers: job description management Tool impacting employee retention and employees... Member Who works for the company since 2001 ) View full job description, Employers job... Times, the Managing Director building on its current mission pays $ 27.46 an hour, on cloudtoday... Unify a siloed Technology department in Merced, CA, Billerica, MA, Alpha... Those with military backgrounds seven-figure pay packages than 14 million workers and generated about 6.3! Giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages 2000 corporations are giving their security... Began manufacturing the equipment in-house at how bonuses, stock awards, and! Under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules lowest-paid! Unprecedented growth external customers Fortune 500 employees in different sectors tend to have different salaries as well how,... Nextgen Global Resources, and Slack have helped fuel growth in recent years Officer?. Helped launch one of the board of Director Member Who works for the company faced challenges because the...
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