Chief Technology Officer (CTO) Salary

Chief Technology Officers in the United States can look forward to a sizeable six-figure salary — around $152K per year on average. In the world of Chief Technology Officers, overall cash allowance can occasionally include more than $60K from bonuses and, in some exceptional cases, $57K from profit sharing, causing incomes to vary widely between $88K and $263K. Geographic location and career length each impact pay for this group, with the former having the largest influence. Work is enjoyable for Chief Technology Officers, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$85,280 - $230,584
$85K
$150K
$230K
MEDIAN: $152,235
10%
50%
90%

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$12.37 - $194.89
$12
$35
$190
MEDIAN: $35.04
10%
50%
90%

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$0$270K
Salary $85,280 - $230,584
Bonus $1,941 - $68,498
Profit Sharing $1,952 - $56,000
Commission $30,521
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).
)
$86,035 - $270,135
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,760
Hourly Data $0$297
Hourly Rate $12.37 - $194.89
Overtime $0.07 - $297.99
Annual Data $0$270K
Bonus $1,941 - $68,498
Commission $30,521
Profit Sharing $1,952 - $56,000
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).
)
$86,035 - $270,135
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 41

Find Out Exactly What You Should Be Paid

United States (change)

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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As Chief Technology Officers make advancements in their career path, their salaries may not change right away. For example, the higher-level VP of Computer Software Engineering position pays around the same amount as the Chief Technology Officer job on average. A lot of Chief Technology Officers advance their careers by becoming Chief Information Officers and Chief Operating Officers. However, those positions offer $17K less and $24K less per year on average.

Chief Technology Officer (CTO) Job Listings

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 8 percent. Those listing HTML as a skill should be prepared for drastically lower pay. Network Management / Administration and SQL also typically command lower compensation. Those proficient in IT Management are, more often than not, 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: $163,395

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

For Chief Technology Officers, busy Washington offers a higher-than-average pay rate, 31 percent above the national average. Chief Technology Officers will also find cushy salaries in Boston (+20 percent), San Francisco (+16 percent), Denver (+13 percent), and Salt Lake City (+11 percent). One of the biggest compensable factors for Chief Technology Officers is geography, with workers in Kansas City earning a whopping 23 percent below 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 268 votes.
Less than 1 year
0%
1-4 years
7%
5-9 years
10%
10-19 years
39%
20 years or more
44%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Technology Officer (CTO) Salaries

▲13%

▼0%

National Average
$163,000

▼23%

▼38%

Skills That Affect Chief Technology Officer (CTO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 268 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

Less than 1 year
0%
1-4 years
7%
5-9 years
10%
10-19 years
39%
20 years or more
44%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 69%
vision benefits
Vision: 62%
no benefits
None: 14%
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