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 ranges from $85K on the lower end to $247K on the higher end; this includes bonuses that reach $51K and profit sharing that approaches $45K in rare cases, with some high rollers snagging commissions as high as $72K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Chief Technology Officers. A large number report receiving medical coverage from their employers and a fair number collect dental insurance.

$83,403 - $209,313
(Median)
$83K
$150K
$210K
MEDIAN: $147,382
10%
50%
90%

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$19.39 - $147.58
(Median)
$19
$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
$83,403 - $209,313  
   
Bonus
$41.22 - $51,461  
Profit Sharing
$1,971 - $44,653  
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).
)
$84,599 - $246,609  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,574
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
$19.39 - $147.58  
   
Overtime
$0.00 - $99.33  
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
$41.22 - $51,461  
   
Commission
$0.00 - $72,129  
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).
)
$84,599 - $246,609  
Country: United States | Currency: USD | Updated: 20 Jun 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 Research & Development role, where the salary is similar. Many Chief Technology Officers choose to become Chief Information Officers and Chief Operating Officers as their careers advance. However, folks in those positions report median salaries of $11K less and $19K less, respectively.

Chief Technology Officer (CTO) Job Listings

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Popular Skills for Chief Technology Officer (CTO)


Chief Technology Officers report using a deep pool 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. For most people, competency in IT Management indicates knowledge of 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 generally obtain higher compensation for more plentiful past experience. Chief Technology Officers in the early stages of their careers take home approximately $107K on average. The average for people in the five-to-10 year group is only a little larger at $123K. After working for 10 to 20 years, Chief Technology Officers make a median salary of $155K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $184K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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 will also find cushy salaries in New York (+17 percent), Boston (+15 percent), Denver (+14 percent), and Los Angeles (+13 percent). Those in the field find the lowest salaries in Houston, 13 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.

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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 448 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
39%

Common Health Benefits

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