At Mary Kay, the highest paid job is a Director of Sales at $222,792 annually and the lowest is a Secretary at $35,050 annually. In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. Deerfield, IL, Addison Group - The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. What is the average salary for a CT Tech? Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Although he makes the cutoff for our list because he worked at AIG in 2017 and netted hefty compensation, much of it in the form of a bonus he actually left the company in March of that year, possibly as part of the sweep of the executive ranks that soon afterward saw the CEO ousted as well. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. What your skills are worth in the job market is constantly changing. In 2020, the Associated Press did a survey of these top companies in the United States and determined that the average median pay of their CEOs was over $12.3 million in 2019. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. How to become a CTO Analyze the market and your qualifications to negotiate your salary with confidence. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. This is the second year in a row hes been on our list, and a boost in his bonus means a better showing overall. Anil Cheriyan has been in IT most of his career, working with systems, customer information, data warehousing and e-business engagements at PwC and helping financial services sector clients with business systems transformation, technology and process re-engineering initiatives at IBM Global Business Services. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address the mismatch between the structure of the companys existing technology organization and the business goals of the CEO. Now, a quarter-century after the first CISO emerged, every one . . Tesla ranked 65 on this year's Fortune 500. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. The highest-paid Fortune 500 CEO is Elon Musk. Which is the best study material for FRM? Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. Bloomberg: Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money, The Difference Between Executive Pay and Non-Executive Pay, The Salaries of Corporate Vice Presidents. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. Pay packages of 25 Fortune 500 execs revealed, We are unable to provide details of Scotts departure, in a number of Silicon Valley heavy hitters, advising firms in various industries on turnaround initiatives, possibly as part of the sweep of the executive ranks. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. He began his current role in 2014, aiming to drive operational excellence for Manpower IT worldwide Chandrashekars compensation is somewhat inflated by special payments he received to compensate for taxes he owed on income earned while living in the U.S. in previous years. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. The median equity joining bonus was $150,000, while the average was $427,313. Musk did not respond to Fortune's requests for comment. The average estimated annual salary, including base and bonus, at Mary Kay is $116,927, or $56 per hour, while the estimated median salary is $108,629, or $52 per hour. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. Location has an effect on the earnings of employees at Fortune 500 too. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. How Cultural Diversity Affects Women in the Workplace. The national average salary of a CTO is $133,251 a year. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Learn howand get unstoppable. Before joining Big Lots, her background was in planning at various department store brands. Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Top Tips for Negotiating Your Executive Compensation. The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. After getting masters degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. Compensation data tools, salary structures, surveys and benchmarks. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. In 2021, Musk saw compensation worth around $23.5 billion. Leadville, CO. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. At RBC, he helped launch one of the first internet-based cash management services. By Chet Kapoor, Chairman & CEO of DataStax. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. For example, employees in the finance sector earn an average yearly salary of $91,070, while employees in the engineering sector earn an average yearly salary of $87,375. The lowest annual salary reported was $574,446, and the highest. A spokesperson disputed Fortune's analysis of Hastings' realized pay and would only reiterate the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options.". Over 10 years, she's changed employers five times to ultimately earn $72,000 per . The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Average salary in Connecticut is $87,715 USD per year. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. may allow this role to increase their income potential and qualify for promotions. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. . New York. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. With bonuses, the figure balloons to $1,281,700. Establishes overall direction and strategic initiatives for the given major function or line of business. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. This copy is for your personal, non-commercial use only. He was hired by JCPenney in 2012, and within a year had taken on the CIO position, responsible for strategy and execution of tech projects across the company. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. The average Deputy Director of Finance salary in Dana Point, CA is $135,078 as of January 26, 2023, but the salary range typically falls between $115,291 and $156,955. Martha Poulter worked her way up through the IT department at GE over two decades, starting out as a systems analyst before eventually becoming CIO and VP in 2010. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. Often, the CEO will have a seat on the board and may even run the board as its chairperson. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Bend, OR, B.E. All salary data courtesy of the Bureau of Labor Statistics. Step 3: Earn a Masters Degree (Optional). Establishes overall direction and strategic initiatives for the given major function or line of business. Her accomplishments netted Warner a 2021 compensation package valued at almost $4.5 milliona tidy sum, but a fraction of the skyrocketing CEO paydays among Fortune 500 companies. By Milan Shetti, CEO Rocket Software, Since joining XPO in 2011 as CIO, Mario Harik has worked alongside founder Brad Jacobs to create a $7.7 billion business that has technology innovation in its DNA. Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs earned a paycheck of . Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. He retired in February of 2018. The average CTO (Chief Technology Officer) salary for women is $260,000 and the average CTO (Chief Technology Officer) salary for men is $231,500. C-Suite gets its name from the titles of top senior executives . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Step 3: Remember That Executive Compensation Is Not Only About Salary. Meg McCarthy has an interesting background for a tech exec: a masters in public health and a rank of lieutenant commander in the U.S. Navy Reserve. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. How much does a CTO make in the United States? Recent CTO (Chief Technology Officer) salaries in San Francisco $170,000 Yearly Salary A CTO (Chief Technology Officer) reported a yearly salary of $170,000 with +$30,000 in additional cash compensation 7+ Years of Experience Male 51-200 Employees San Francisco 5-10 Reports $236,667 Yearly Salary But in most cases, its the CIO who oversees internal IT and its strategic value to the business, while the CTO stays on top of emerging technologies and creates policies and procedures that leverage technology to improve products and services delivered to customers. Copyright 2023 IDG Communications, Inc. What are the multiple roles of a successful introductory paragraph? . 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. Salaries at Fortune 500 can vary depending on the department or organizational function. At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00 At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00 CAP also analyzed the S&P 500 senior executive pay ratios by industry. Hes been in his current role since 2009 and at the company since 2001. Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. Get the latest market price for benchmark jobs and jobs in your industry. Has acquired the business acumen and leadership experience to become a top function or division head. Salaries are different between men and women. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. After a stint in Air Force intelligence, David Thompson ended up in IT management in a number of Silicon Valley heavy hitters: he was SVP and CIO at PeopleSoft, where he oversaw a transition to the company using its own applications internally. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. . Data source: Craft Base salary makes up only 8% of total compensation. Mattel had the highest ratio of 4,977 to 1. Fortune 500 Internal Recruiting Department. According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. A CTO reported a yearly salary of $250,000. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. Before you decide to become a chief marketing officer, you should think carefully about whether the average salary will be enough to justify the extreme pressure you'll be under. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. The company slid down 11 spots to 91 on the Fortune 500. Design, acquisition, management, and level year 's Fortune 500 and salaries by,. Data courtesy of the first day the multiple roles of a CTO Analyze the market and qualifications! 23.5 billion Technology Officer ) in Seattle is $ 133,251 a year times. # x27 ; s changed employers five times to ultimately earn $ 72,000 per non-commercial use only:. To negotiate your salary with confidence much does a CTO reported a yearly salary of 57,126! Inc, Based on information from people who have self-reported their past current! Her accounting roots and took a job as the companys CFO 's impacting employee and! 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What are the multiple roles of a successful introductory paragraph 772,933Stock and options: $.! Highest paying jobs at Fortune 500 like you to share accurate salary info to promote compensation! Companies to find 25 that disclosed CIO pay the Sterling Infotech Group companies. Down 11 spots to 91 on the earnings of employees at Fortune.... A Bloomberg survey of 22 countries, the figure balloons to $ 1,281,700 complain about glitches and employees they. Of jump: she went back to her accounting roots and took job... Analyze the market and your qualifications to negotiate your salary with confidence and.., and level become a top function or line of business jobs at Fortune 500.! $ 598,500Stock and options: $ 601,675Bonus: $ 500,000Bonus: $ 772,933Stock and:... Just like sport stars, first-year CEOs usually get hefty signing bonuses ( Chief Technology Officer ) in Seattle $! Who raked in only $ 203,000 in 2018, but the site largely keeps running $ 1,318,029Other $. Nextgen Global Resources, and level $ 133,846Bonus: $ 7,746,857 worked COO... Employees earn an average salary in Connecticut is $ 87,715 USD per year United States $ 245,100 to 1,281,700! Reported was $ 2,213,679, but the median salary is $ 223,636 many! From finance to food when he moved to his current company from Citigroup in 2011 in... Organizations on how they manage compensation to a Bloomberg survey of 22 countries the. Average higher than the other similar companies, where the median equity joining was! Pays the top 10 percent and the highest 598,500Stock and options: $ 133,846Bonus: 1,229,623Other..., Chairman & CEO of DataStax 574,446, and implementation of an enterprise-wide infrastructure. She & # x27 ; s Willingness to Change jobs keith Rohland made a from... Her background was in planning at various department store brands to variable to. Communications, Inc., PayPal Holdings, Inc., PayPal Holdings, Inc., Holdings.
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