Chief Technology Officer (CTO) Salary

Chief Technology Officers receive generous compensation in the United States — earning an average of $150K per year, their standard salaries shoot well into the six-figure range. Overall compensation packages to Chief Technology Officers range from $85K on the low end to $255K on the high end; this includes bonuses that peak near $55K and profit sharing that approaches $50K, with some high rollers snagging commissions as high as $98K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Chief Technology Officers report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$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' salaries tend to stay somewhat constant even when they advance into higher-level positions like VP of Technology. On average, VPs of Technology get paid about the same as Chief Technology Officers do. A lot of Chief Technology Officers advance their careers by becoming Chief Information Officers and Chief Operating Officers. However, those positions offer $13K less and $21K less per year on average.

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, 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.


Chief Technology Officers with a rich background of experience are typically rewarded with larger paychecks. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $104K. For Chief Technology Officers, 10 to 20 years of experience on the job amounts to an average salary of $160K. Seasoned veterans with 20 years under their belts enjoy a median income of $188K.

Pay Difference by Location

National Average: $158,597

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

Home to some of the best pay for Chief Technology Officers, San Jose offers exceptional salaries, 31 percent above the national average. Chief Technology Officers will also find cushy salaries in Boston (+24 percent), Atlanta (+19 percent), Dallas (+17 percent), and Austin (+15 percent). Miami ranks last in the field for pay, reporting salaries 14 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

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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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