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Chief Technology Officer (CTO) Salary

Chief Technology Officers in the United States see excellent average salaries — about $147K annually. Including potential for bonuses and profit sharing — peaking near $52K and $44K, respectively — total cash payment to Chief Technology Officers can bottom out near $84K or peak near $246K depending on individual performance. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. For the most part, Chief Technology Officers enjoy their work and report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$82,804 - $208,492
(Median)
$83K
$150K
$210K
MEDIAN: $147,235
10%
50%
90%

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$18.50 - $137.50
(Median)
$18
$58
$140
MEDIAN: $58.00
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
$82,804 - $208,492  
   
Bonus
$246.58 - $51,769  
Profit Sharing
$2,001 - $44,042  
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).
)
$83,865 - $245,916  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 2,541
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
$18.50 - $137.50  
   
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
$246.58 - $51,769  
   
Commission
$0.00 - $80,000  
Profit Sharing
$2,001 - $44,042  
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).
)
$83,865 - $245,916  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 64

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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 may not see large compensation differences if they transition into an upper-level role such as VP of Product Development. VPs of Product Development on average make about as much as Chief Technology Officers do. Chief Technology Officers most often advance into Chief Information Officer and Chief Operating Officer positions even though the median salaries are $11K lower and $17K lower, respectively.

Chief Technology Officer (CTO) Job Listings

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Popular Skills for Chief Technology Officer (CTO)


Survey participants wield an impressively varied skill set 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. The majority of those who know IT Management also know 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 rich background of experience are typically rewarded with larger paychecks. People who have worked for fewer than five years earn around $107K, and folks with five to 10 years of experience see a modestly higher median of $123K. People with 10 to 20 years of experience make an average of about $155K in this role. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $184K.

Pay Difference by Location


For Chief Technology Officers, San Jose provides a pay rate that is 33 percent greater than 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). Those in the field find the lowest salaries in Houston, 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
$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
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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