Chief Technology Officer (CTO) Salary

Generous salaries abound for Chief Technology Officers in the United States, with average pay above six figures ($148K) per year. Overall compensation packages to Chief Technology Officers range from $85K on the low end to $247K on the high end; this includes bonuses that peak near $52K and profit sharing that approaches $45K, with some high rollers snagging commissions as high as $85K. Experience level is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part.

$84,128 - $211,371

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$16.77 - $147.20

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90K$180K$270K
Salary
$84,128 - $211,371  
   
Bonus
$40.55 - $51,501  
Profit Sharing
$1,971 - $44,653  
Commission
$0.00 - $85,000  
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).
)
$85,195 - $247,326  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,589
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$16.77 - $147.20  
   
Overtime
$0.00 - $98.99  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$40.55 - $51,501  
   
Commission
$0.00 - $85,000  
Profit Sharing
$1,971 - $44,653  
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).
)
$85,195 - $247,326  
Country: United States | Currency: USD | Updated: 18 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 Research & Development. On average, VPs of Research & Development get paid about the same as Chief Technology Officers do. Many Chief Technology Officers advance into roles as Chief Information Officers or Chief Operating Officers, but the median salaries are $11K lower and $19K lower, respectively.

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 4 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 Microsoft Office also typically command lower compensation. Those proficient in IT Management are, more often than not, also skilled in Leadership.

Pay by Experience Level for Chief Technology Officer (CTO)

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Folks who are navigating the first five years of their careers have a median salary of approximately $107K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $123K. People with 10 to 20 years of experience make an average of about $156K in this role. Average wages for folks with more than 20 years of experience come out to around $184K.

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 can also look forward to large paychecks in cities like New York (+17 percent), Boston (+14 percent), San Francisco (+13 percent), and Los Angeles (+13 percent). The smallest paychecks in the market, 14 percent south of the national average, can be found in 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



Product Development
up arrow 4%

Java
up arrow 1%

National Average
$155,000

C++
up arrow 2%

Project Management
up arrow 4%



SQL
up arrow 12%

up arrow 13%

up arrow 13%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 433 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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