Chief Technology Officer (CTO) Salary

Chief Technology Officers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $147K) surpassing six figures annually. Total cash earnings of Chief Technology Officers range from $84K on the low end to $245K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $52K and $41K, respectively. Experience level is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$83,048 - $207,554
(Median)
$83K
$150K
$210K
MEDIAN: $146,918
10%
50%
90%

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$14.19 - $128.19
(Median)
$14
$54
$130
MEDIAN: $54.00
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
$83,048 - $207,554  
   
Bonus
$257.60 - $51,658  
Profit Sharing
$2,011 - $41,084  
Commission
$0.00 - $80,000  
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).
)
$83,814 - $245,106  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 2,531
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
$14.19 - $128.19  
   
Overtime
$0.75 - $100.00  
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 - $51,658  
   
Commission
$0.00 - $80,000  
Profit Sharing
$2,011 - $41,084  
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).
)
$83,814 - $245,106  
Country: United States | Currency: USD | Updated: 1 Apr 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 sometimes move into a VP of Research & Development role, where the salary is similar. Chief Technology Officers most frequently become Chief Information Officers and Chief Operating Officers even though median compensation is $11K lower and $17K lower, respectively.

Chief Technology Officer (CTO) Job Listings

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Popular Skills for Chief Technology Officer (CTO)


Chief Technology Officers seem to exploit 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 6 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. Those educated in IT Management tend to be well versed in Leadership.

Pay by Experience Level for Chief Technology Officer (CTO)

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


For many Chief Technology Officers, more experience generally translates to higher pay. Individuals who have worked for fewer than five years report earning $104K on average, a generous six-figure sum for those just starting out. On average, Chief Technology Officers make $155K following one to two decades on the job. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $182K.

Pay Difference by Location


With a pay rate for Chief Technology Officers that is 34 percent greater than the national average, San Jose offers a comfortable salary for those in this profession. Chief Technology Officers can also look forward to large paychecks in cities like Boston (+18 percent), New York (+16 percent), Los Angeles (+14 percent), and Dallas (+13 percent). The lowest-paying market is Houston, which sits 12 percent below the national average.

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.

Related Job Salaries

United States (change)

Experience Affects Chief Technology Officer (CTO) Salaries



National Average
$154,000



Skills That Affect Chief Technology Officer (CTO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 482 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
40%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 72%
vision benefits Vision: 58% employee benefits None: 11%