The average salary for a Chief Technology Officer (CTO) is $157,753.
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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. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. It is also important to keep an…Read more
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.
Job Satisfaction for Chief Technology Officer (CTO)
Popular Employer Salaries for Chief Technology Officer (CTO)
The top respondents for the job title Chief Technology Officer (CTO) are from the companies International Business Machines (IBM) Corp., Company Confidential and Not Named. Reported salaries are highest at International Business Machines (IBM) Corp. where the average pay is $209,322. Not Named pays the lowest at around $127,500.
Chief Technology Officer (CTO) Job Listings
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Popular Skills for Chief Technology Officer (CTO)
Skills in Leadership, Software Architecture and Product Development are correlated to pay that is above average. Skills that pay less than market rate include Project Management and IT Management.
Pay by Experience Level for Chief Technology Officer (CTO)
An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $98,686 based on 17 salaries. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $104,634 based on 235 salaries. A mid-career Chief Technology Officer (CTO) with 5-9 years of experience earns an average total compensation of $128,789 based on 362 salaries. An experienced Chief Technology Officer (CTO) with 10-19 years of experience earns an average total compensation of $156,216 based on 1,302 salaries. In their late career (20 years and higher), employees earn an average total compensation of $180,853.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Chief Technology Officer (CTO) in their job title in Boston, Massachusetts earn an average of 20.5% more than the national average. These job titles also find higher than average salaries in San Francisco, California (16.0% more) and New York, New York (15.2% more).
Years of Experience
This data is based on 3,523 survey responses.
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