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Chief Technology Officer (CTO) Salary

Chief Technology Officers enjoy a hefty income, with average pay passing six figures ($147K) annually in the United States. In the world of Chief Technology Officers, total cash compensation can vary between $84K and $246K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $52K and $44K, respectively. Career duration and the particular city each impact pay for this group, with the former having the largest influence. For the most part, Chief Technology Officers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage.

$82,797 - $208,450
(Median)
$83K
$150K
$210K
MEDIAN: $147,061
10%
50%
90%

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$19.57 - $147.58
(Median)
$20
$61
$150
MEDIAN: $61.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$90K$180K$270K
Salary
$82,797 - $208,450  
   
Bonus
$257.60 - $51,711  
Profit Sharing
$1,991 - $43,631  
Commission
$0.00 - $72,129  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,038 - $246,363  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 2,566
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$19.57 - $147.58  
   
Overtime
$0.00 - $98.63  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$257.60 - $51,711  
   
Commission
$0.00 - $72,129  
Profit Sharing
$1,991 - $43,631  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,038 - $246,363  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 66
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Job Description for Chief Technology Officer (CTO)

The Chief Technology Officer's job is to develop and enact new technology within their firm. The CTO's main focus is the design, implementation and vision of the firm’s technologies. Some of the key areas of the Chief Technology Officers job include setting the standard for technology development within the firm. Hiring employees with skills that will help bring about this technology vision. The Chief Technology Officers also works within the firms many departments to ensure that the flow of information is working at an efficient level. This includes all company software issues and hardware issues. One of the skills that the Chief Technology Officer must possess is an excellent communication and negation skills that will allow for an ease of discussion when discussing company related issues with stockholders, regulators and outside business professionals. The Chief Technology Officers will also exhibit superior leadership and management skills.

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Chief Technology Officer (CTO) Tasks

  • Monitor management of all hardware, software, databases and licenses, maintenance, and projections of future needs.
  • Define technology strategies and ensure that processes meet expectations for federal, state and community privacy and security.
  • Contribute to senior management team, guiding strategic decisions and resource allocation.
  • Lead technology teams in day-to-day operations, provide key expertise, supervise the heads of departments, and set performance goals.
  • Conduct technical reviews of products or solutions to compare and evaluate their applicability.

Common Career Paths for Chief Technology Officer (CTO)


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Chief Technology Officers sometimes move into a VP of Product Development role, where the salary is similar. A lot of Chief Technology Officers advance their careers by becoming Chief Information Officers and Chief Operating Officers. However, those positions offer $11K less and $17K less per year on average.

Chief Technology Officer (CTO) Job Listings

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Popular Skills for Chief Technology Officer (CTO)


Survey results imply that Chief Technology Officers deploy a substantial tool kit of skills at work. Most notably, skills in Leadership, Software Architecture, Product Development, and Java are correlated to pay that is above average, with boosts between 5 percent and 10 percent. Those listing Windows NT / 2000 / XP Networking as a skill should be prepared for drastically lower pay. Network Management / Administration and Internet Information Server also typically command lower compensation. Most people skilled in IT Management are similarly competent in Leadership.

Pay by Experience Level for Chief Technology Officer (CTO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Chief Technology Officers who reported more years of relevant experience also reported higher earnings. Even the relatively untried can take home bulky six-figure salaries; employees who have worked for fewer than five years report earning $107K on average. After working for 10 to 20 years, Chief Technology Officers make a median salary of $155K. Seasoned veterans with 20 years under their belts enjoy a median income of $183K.

Pay Difference by Location


For those looking to make money, Chief Technology Officers in San Jose enjoy an exceptional pay rate, 33 percent above the national average. Chief Technology Officers will also find cushy salaries in Boston (+17 percent), New York (+16 percent), Los Angeles (+14 percent), and Denver (+12 percent). Falling short of the national average by 12 percent, the area with the worst salaries is Houston.

Chief Technology Officer (CTO) Reviews

What is it like working as a Chief Technology Officer (CTO)?

Chief Technology Officer (CTO) in Tampa:
"Its Like Working 3 Jobs At Once."
Pros: Control my own schedule. Lots of learning available. Good networking.
Cons: Buried with emails, voice mail, and questions. Spending time to answer basic questions someone could easily look up on Google. Commuting over an hour every day.

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Experience Affects Chief Technology Officer (CTO) Salaries



National Average
$155,000



Skills That Affect Chief Technology Officer (CTO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 466 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
11%
10-19 years
43%
20 years or more
39%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 72%
vision benefits Vision: 59% employee benefits None: 11%
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