Chief Technology Officer (CTO) with Product Development Skills Salary

Chief Technology Officers with Product Development skills can expect to earn a very comfortable salary, with average salaries (in the ballpark of $153K) surpassing six figures annually. Total cash compensation for Chief Technology Officers with Product Development skills runs from $90K to $268K depending on bonuses that can occasionally exceed $60K and profit sharing that can reach almost $75K. Residence and tenure each impact pay for this group, with the former having the largest influence. For the most part, Chief Technology Officers with Product Development skills enjoy their work and report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$88,245 - $226,578
$88K
$150K
$230K
MEDIAN: $152,742
10%
50%
90%

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$23.50 - $187.50
$67
MEDIAN: $67.30
50%

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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
$88,245 - $226,578  
   
Bonus
$1,566 - $60,419  
Profit Sharing
$2,750 - $75,000  
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).
)
$90,006 - $267,927  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 344
© PayScale, Inc. @ www.payscale.com
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$70$140$210
Hourly Rate
$67.30  
   
Overtime
$17.00  
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$90K$180K$270K
Bonus
$1,566 - $60,419  
   
Profit Sharing
$2,750 - $75,000  
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).
)
$90,006 - $267,927  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 5
© PayScale, Inc. @ www.payscale.com

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Pay by Experience Level for Chief Technology Officer (CTO)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of Chief Technology Officers with Product Development skills. Salaries of relatively inexperienced workers fall in the neighborhood of $96K, but folks who have racked up five to 10 years see a notably higher median of $131K. The average pay reported by folks with 10 to 20 years of experience is around $166K. Chief Technology Officers with Product Development skills with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $199K.

Pay Difference by Location

National Average: $164,427

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

For Chief Technology Officers with Product Development skills, working in the bustling city of San Jose has its advantages, including an above-average pay rate. Chief Technology Officers with Product Development skills will also find cushy salaries in Denver (+39 percent), Salt Lake City (+25 percent), Washington (+24 percent), and Los Angeles (+15 percent). Location significantly influences compensation, with Houston Chief Technology Officers with Product Development skills earning much less — 35 percent less — than the national average. Employers pay around 27 percent less in Austin and 14 percent less in Seattle, below-median salaries for those in this field.

Key Stats for Chief Technology Officer (CTO)

Gender

Female
4 %
Male
96 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
0%
1-4 years
9%
5-9 years
14%
10-19 years
36%
20 years or more
41%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Technology Officer (CTO) Salaries

▲21%

▲1%

National Average
$164,000

Mid-Career
▼20%

Entry-Level
▼41%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
14%
10-19 years
36%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 71%
vision benefits
Vision: 64%
dental benefits
None: 12%
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