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 $151K) surpassing six figures annually. In the world of Chief Technology Officers, overall cash allowance can occasionally include more than $59K from bonuses and, in some exceptional cases, $51K from profit sharing, causing incomes to vary widely between $87K and $258K. Location is the biggest factor affecting pay for this group, followed by tenure. Work is enjoyable for Chief Technology Officers, who typically claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This snapshot results from replies to PayScale's salary survey.

$86,262 - $226,314
$86K
$150K
$230K
MEDIAN: $151,464
10%
50%
90%

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$14.29 - $195.74
$14
$57
$200
MEDIAN: $56.53
10%
50%
90%

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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
$86,262 - $226,314  
   
Bonus
$2,309 - $59,264  
Profit Sharing
$1,010 - $50,720  
Commission
$27,500  
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).
)
$87,496 - $258,187  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,644
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$100$200$300
Hourly Rate
$14.29 - $195.74  
   
Overtime
$0.07 - $297.99  
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$200K$400K$600K
Bonus
$2,309 - $59,264  
   
Commission
$27,500  
Profit Sharing
$1,010 - $50,720  
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).
)
$87,496 - $258,187  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 40

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United States (change)

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Job Description for Chief Technology Officer (CTO)

A chief technology officer is part of an executive team in a company. He or she leads the efforts of the technology development within the company. This is usually the highest position related to technology within a company. Leadership skills are needed, as the CTO will often lead teams of people in the information technology department.

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Chief Technology Officer (CTO) Tasks

  • 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.
  • Contribute to senior management team, guiding strategic decisions and resource allocation.
  • 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.

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 Computer Software Engineering. VPs of Computer Software Engineering on average make about as much 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 $16K lower and $23K 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 Software Architecture, Leadership, Java, and Product Development are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Those listing HTML as a skill should be prepared for drastically lower pay. Network Management / Administration and SQL also typically command lower compensation. It is often found that people who know IT Management are also skilled in Project Management.

Pay by Experience Level for Chief Technology Officer (CTO)

Pay by Experience for a Chief Technology Officer (CTO) has a positive trend. An entry-level Chief Technology Officer (CTO) with less than 5 years of experience can expect to earn an average total compensation of $101,000 based on 188 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Technology Officer (CTO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $126,000 based on 322 salaries. An experienced Chief Technology Officer (CTO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $164,000 based on 944 salaries. A Chief Technology Officer (CTO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $185,000 based on 717 salaries.

Pay Difference by Location

National Average: $161,763

Larger city markers indicate a job is popular in that location.

For those looking to make money, Chief Technology Officers in Washington enjoy an exceptional pay rate, 32 percent above the national average. Chief Technology Officers can also look forward to large paychecks in cities like Boston (+21 percent), San Francisco (+17 percent), Denver (+14 percent), and Salt Lake City (+12 percent). Place of residence plays a huge part in a Chief Technology Officer's salary, with Kansas City Chief Technology Officers earning salaries that are 23 percent less than the national average.

Chief Technology Officer (CTO) Reviews

Q: 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

Key Stats for Chief Technology Officer (CTO)

Gender

Female
4 %
Male
96 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 210 votes.
Less than 1 year
0%
1-4 years
7%
5-9 years
11%
10-19 years
39%
20 years or more
43%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Technology Officer (CTO) Salaries

▲15%

▲1%

National Average
$162,000

▼22%

▼37%

Skills That Affect Chief Technology Officer (CTO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 210 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

Less than 1 year
0%
1-4 years
7%
5-9 years
11%
10-19 years
39%
20 years or more
43%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 71%
vision benefits
Vision: 63%
no benefits
None: 13%
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