Fortune: On Average, Top CEOs Make Over $12.3 Million. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. 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. 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. This copy is for your personal, non-commercial use only. 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. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. 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. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. 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. 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. 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. 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. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. 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. Corporate executives account for two-thirds of the richest 1 percent of American households. Third Annual Edition of the CISO 500. Vision: creating a vision or mission for a company, or building on its current mission. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Recently searched related titles: Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Netflix also faces increased competition from streaming services. The full list is below. from one year to another. 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. 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. A healthy stock grant boosted him onto our list for the first time. salary. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. What is the average surgical tech salary? The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. 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. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. 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. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. He retired in February of 2018. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. After a stint in Air Force intelligence, David Thompson ended up in IT management in a number of Silicon Valley heavy hitters: he was SVP and CIO at PeopleSoft, where he oversaw a transition to the company using its own applications internally. Fallon, NV. 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. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. CFO salary ranges also differ from state to state. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. average cto salary fortune 500 (719) 280-0021. Before joining Big Lots, her background was in planning at various department store brands. Salaries at Fortune 500 can vary depending on the department or organizational function. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. Fortune 500 pays $27.46 an hour, on average. Sponsored by Cloud Range. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,068 to $403,606 with the average total cash compensation of $330,957. 1. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. About The Author. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. 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. Additional pay could include cash bonus, commission, tips, and profit sharing. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. In 2021, Musk saw compensation worth around $23.5 billion. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. $10M to $100m to $3B revenue range, public company CFO salary by revenue. IT Management, Strategy Development, Infrastructure Management, Data Governance For a real-time salary target, tell us more about your role in the four categories below. How Cultural Diversity Affects Women in the Workplace. The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. Analyze the market and your qualifications to negotiate your salary with confidence. Responsible for the long-range direction of an organization's technology function. The average base salary for a CTO is 11,43,348 per year. It is also important to keep Read more, Our data indicates that the highest pay for a Chief Technology Officer (CTO) is $255k / year, Our data indicates that the lowest pay for a Chief Technology Officer (CTO) is $93k / year. Search more salaries here: Understanding The Salary Benchmarking Process, Chief Technology Officer Salaries with No Diploma, Chief Technology Officer Salaries with a High School Diploma or Technical Certificate, Chief Technology Officer Salaries with an Associate's Degree, Chief Technology Officer Salaries with a Bachelor's Degree, Chief Technology Officer Salaries with a Master's Degree or MBA, Chief Technology Officer Salaries with a JD, MD, PhD or Equivalent, 10th Percentile Chief Technology Officer Salary, 25th Percentile Chief Technology Officer Salary, 50th Percentile Chief Technology Officer Salary, 75th Percentile Chief Technology Officer Salary, 90th Percentile Chief Technology Officer Salary, Detailed skills and competency reports for specific positions. They head C-level members such as the COO, CTO, CFO, etc. Countries. Lene Skovbjerg's Estimated Salary Range. Get the latest market price for benchmark jobs and jobs in your industry. 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. This year, Nadella was voted the most underrated CEO for the sixth consecutive year, according to the survey behind Fortunes Worlds Most Admired Companies. These Fortune 100 employers have at least 350 openings each. Average Dev + Engineer salaries in Chicago A CTO reported a yearly salary of $250,000. 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. 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. 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. 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. Average salary in Connecticut is $87,715 USD per year. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework. 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. 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. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. Compensation data tools, salary structures, surveys and benchmarks. 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