Chief Technology Officer (CTO) Salary

Wages for Chief Technology Officers in the United States are generous, with average pay above six figures ($148K) per year. Total cash incomes of Chief Technology Officers run from $85K to $247K, depending on bonuses that can occasionally exceed $52K, profit sharing that reaches $44K, and some commissions of nearly $72K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance.

$83,539 - $210,263
(Median)
$84K
$150K
$210K
MEDIAN: $147,592
10%
50%
90%

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$16.77 - $147.20
(Median)
$17
$63
$150
MEDIAN: $62.00
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
$83,539 - $210,263  
   
Bonus
$48.94 - $51,526  
Profit Sharing
$1,974 - $44,376  
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).
)
$84,642 - $246,861  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 2,582
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
$16.77 - $147.20  
   
Overtime
$0.00 - $98.99  
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
$48.94 - $51,526  
   
Commission
$0.00 - $72,129  
Profit Sharing
$1,974 - $44,376  
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).
)
$84,642 - $246,861  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 67
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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' salaries tend to stay somewhat constant even when they advance into higher-level positions like VP of Computer Software Engineering. On average, VPs of Computer Software Engineering get paid about the same as Chief Technology Officers do. Chief Technology Officers most often move into Chief Information Officer or Chief Operating Officer roles. However, the former pays $11K less on average, and the latter pays $19K less.

Chief Technology Officer (CTO) Job Listings

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Popular Skills for Chief Technology Officer (CTO)


Chief Technology Officers report using a large range of skills on the job. 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 11 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 with a lot of experience tend to enjoy higher earnings. Chief Technology Officers in the early stages of their careers take home approximately $106K on average. The average for people in the five-to-10 year group is only a little larger at $123K. People with 10 to 20 years of experience make an average of about $156K in this role. Old hands who claim more than two decades on the job enjoy average earnings of $184K.

Pay Difference by Location


Home to some of the best pay for Chief Technology Officers, San Jose offers exceptional salaries, 33 percent above the national average. Chief Technology Officers will also find cushy salaries in New York (+16 percent), Boston (+15 percent), San Francisco (+13 percent), and Denver (+13 percent). Trailing the national average by 13 percent, Houston is the market with the smallest paychecks.

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 442 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
12%
10-19 years
43%
20 years or more
40%

Common Health Benefits

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