$155,026
Avg. Salary
$57.26
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$24,000

Profit Sharing

$19,227

Commission

$30,000

The average pay for a Chief Technology Officer (CTO) is $57.26 per hour.

The average pay for a Chief Technology Officer (CTO) is $155,026 per year.

$15
10%
$57
50%
$179
90%
MEDIAN $57
$86k
10%
$155k
50%
$235k
90%
MEDIAN $155,026
$86,480 - $235,187
$86K
$160K
$240K
MEDIAN: $155,026
10%
50%
90%

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$14.67 - $179
$15
$57
$180
MEDIAN: $57.26
10%
50%
90%

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$0$275K
Salary $86,480 - $235,187
Bonus $2,478 - $74,427
Profit Sharing $1,800 - $60,556
Commission $4,500 - $85,000
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).
)
$86,712 - $275,976
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 3,407
Hourly Data $0$200
Hourly Rate $14.67 - $179
Overtime $0.50 - $200
Annual Data $0$275K
Bonus $2,478 - $74,427
Commission $4,500 - $85,000
Profit Sharing $1,800 - $60,556
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).
)
$86,712 - $275,976
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 97

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: $167,756

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 Atlanta:
"IT in the ATL."
Pros: There are plenty of job opportunities here.
Cons: Of course the traffic is awful, and there isn't enough jobs out in the burbs.

Chief Technology Officer (CTO) in Pocatello:
"Understanding over all Vision and Needs."
When I have been successful it is when I understand the needs and perspective from each of our departments. As I have done this it helps me in making decisions on product development and priorities. It also helps me understand the needs when consulting other departments on the use of technology.

Chief Technology Officer (CTO) in West Palm Beach:
Negotiate a startup % if you can.

Chief Technology Officer (CTO) in Russell Springs:
Be prepared for lots of long days, weekends and nights working.

Chief Technology Officer (CTO) in Plano:
"Learn about retirement early. Learn about the business."
Don't talk tech with business leaders.

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.

Chief Technology Officer (CTO) in Philadelphia:
"Computers Are A Means, Not An End."
It is easy to get caught up in the details of new technologies, but a good CTO is always mindful of how it advances the objectives of the business. Never allow the technology to dictate company objectives; rather, company objectives need to dictate the technology.

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 469 votes.
Less than 1 year
1%
1-4 years
7%
5-9 years
10%
10-19 years
38%
20 years or more
45%

Experience Affects Chief Technology Officer (CTO) Salaries

▲11%

National Average
$168,000

▼2%

▼25%

▼40%

Skills That Affect Chief Technology Officer (CTO) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 469 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
10%
10-19 years
38%
20 years or more
45%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 70%
vision benefits
Vision: 62%
no benefits
None: 15%