Chief Technology Officer (CTO) Salary

Compensation for Chief Technology Officers in the United States is generous, with average pay surpassing six figures annually ($150K). Total cash earnings of Chief Technology Officers range from $85K on the low end to $255K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $55K and $50K, respectively. Experience level is the biggest factor affecting pay for this group, followed by geography. Most Chief Technology Officers like their work and job satisfaction is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance.

$84,727 - $220,656
(Median)
$85K
$150K
$220K
MEDIAN: $149,978
10%
50%
90%

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$14.98 - $170.73
(Median)
$15
$67
$170
MEDIAN: $67.00
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
$84,727 - $220,656  
   
Bonus
$253.42 - $55,222  
Profit Sharing
$1,012 - $49,551  
Commission
$-0.50 - $97,871  
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).
)
$85,438 - $254,812  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,772
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$60$120$180
Hourly Rate
$14.98 - $170.73  
   
Overtime
$0.00 - $99.67  
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$120K$240K$360K
Bonus
$253.42 - $55,222  
   
Commission
$-0.50 - $97,871  
Profit Sharing
$1,012 - $49,551  
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).
)
$85,438 - $254,812  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 73
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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

  • 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 Technology role, where the salary is similar. Chief Technology Officers most frequently advance into Chief Information Officer and Chief Operating Officer roles even though the median salaries are $13K lower and $21K 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 deep pool of skills on the job. Most notably, skills in Leadership, Software Architecture, Java, and Product Development are correlated to pay that is above average, with boosts between 5 percent and 8 percent. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. Microsoft Office and HTML also typically command lower compensation. Most people familiar with 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.


For many Chief Technology Officers, more experience generally translates to higher pay. Individuals who have worked for fewer than five years bring in approximately $104K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $123K. After working for 10 to 20 years, Chief Technology Officers make a median salary of $160K. Average wages for folks with more than 20 years of experience come out to around $188K.

Pay Difference by Location

National Average: $158,597

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

Surpassing the national average by 31 percent, Chief Technology Officers in San Jose receive some of the highest pay in the country. Chief Technology Officers can also look forward to large paychecks in cities like Boston (+24 percent), Atlanta (+19 percent), Dallas (+17 percent), and Austin (+15 percent). With compensation 14 percent below the national average, Miami is not known for hefty paychecks and actually represents the lowest-paying market.

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
$159,000



Skills That Affect Chief Technology Officer (CTO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 414 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
41%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 72%
medical benefits
Vision: 62%
dental benefits
None: 11%
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