Chief Technology Officer Salary

Average Chief Technology Officer Base Salary in the United States

Average Base Salary

$182,756 Per Year

Salary Range: $69,873 to $488,867

Chief Technology Officer Salary

$69,873

10%

$121,418

25% 

$ 182,756

AVERAGE

$344,901

75%  

$488,867

90%  

How Much Does Chief Technology Officer Make Per Year in the United States?

The national average salary for   Chief Technology Officer is $182,756 per year in the United States. It can vary depending on the employer and the skills required for that position, but generally, it will be about $182,756 or more annually for a gross salary. Taxes impact salaries, so to get the net salary we’ve crunched the data and gotten the tax information on what the take-home pay would be after the effective income tax rates. 

Jobs That are Similar to Chief Technology Officer

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What is the salary range of Chief Technology Officer?

Chief Technology Officer salaries vary depending on the company you work for, your experience level, industry, education, and years of experience. The average annual salary is around $182,756 but Chief Technology Officer can earn a base salary anywhere from $69,873 to $488,867 per year with some companies paying more than others.

Pay ranges on average for Chief Technology Officer job title only vary a little, which may mean that there are not many opportunities to earn more income in the future regardless of the employers or your location, industry, and experience.

A salary range that only varies a little can also mean it is difficult to move up within the company, as there may not be as many opportunities for advancement or to change your job title. This lack of advancement can sometimes result in people feeling underpaid for their position, with little hope for an increase, which can impact their job satisfaction and motivation.

Finally, if you’re looking for a job and see one with a salary range that doesn’t vary that much, it might be worth considering whether the salary is low enough that you would be willing to take less pay to have more job security.

What are the Highest Salaries for Chief Technology Officer?

The highest Chief Technology Officer salaries in the top 10% earn more than $488,867 per year. The salary range for the top 75% – 90% is between and $344,901 and $488,867 annually.

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What are the Lowest Salaries for Chief Technology Officer?

The lowest Chief Technology Officer salaries are in the bottom 10% of earners who make less than $69,873 per year. The salary range for the lowest 10% – 25% is between $69,873 and $121,418 annually.   

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What is a Good Salary for Chief Technology Officer?

If we only look at the data for Chief Technology Officer salaries and we don’t compare it to any other jobs, a good salary for Chief Technology Officer job would be over $182,756 per year. This is the average salary for this position in the United States. An excellent pay for Chief Technology Officer would be anything over the top 75%, which is $344,901 annually.

How Can I Increase My Salary as Chief Technology Officer?

There are a few ways you can increase your average salary for a profession as Chief Technology Officer. One way is to get promoted to a higher level and take on more duties within your employer. Another way is to gain more experience and skills in your career. You can also try negotiating higher compensation next performance review, when you are up for renewal or starting a new contract with a business.

Finally, you can look for a new job at a different employer that pays more. One thing not to overlook is companies often give their employees incentives and benefits outside of salaries. The total compensation, like healthcare, paid vacation days, 401k matches, bonuses, overtime, professional development, a career path in the company, and other benefits, need to be considered, which can add up to a lot more money than just a salary increase.

What are the Top Paying Industries for Chief Technology Officer?

The top paying industries for Chief Technology Officer job vary depending on the position’s specific responsibilities, employers, and qualifications. However, some common reported high-paying industries for include the following:

  • Professional, Scientific, and Technical Services
  • Finance and Insurance

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Does Chief Technology Officer Have a Good Quality of Life?

Based on an average 2-bedroom apartment rental price, Chief Technology Officer would pay 15.63% of their monthly take-home pay towards rent. That’s $1,310 per month or $15,720 yearly for a two-bedroom apartment.

The rent is less than 30% of the monthly take-home pay for an Chief Technology Officer, which can helps lessen a financial burden and impact their quality of life.

This is because a high rent-to-income ratio would leave less money each month for other expenses, such as food, transportation, recreation, and activities. It can lead to financial stress, impacting overall job satisfaction and motivation.

Considering the cost of living in a city when considering whether to accept a job offer is essential. If the cost of living is too high, it might not be worth it, even if the salary is good.

Does  Chief Technology Officer make good money?

 In general, Chief Technology Officer can make a good salary. The national average salary is $52,632 annually which is less than the average Chief Technology Officer salary, meaning most earn a livable wage. According to data and labor statistics from the Bureau of Labor Statistics, the average Chief Technology Officer pay is above the median salary.

However, salaries can vary depending on the company you work for, what you are responsible for, education, college degree, work experience, job market, and your experience level. The highest-paid can earn upwards of 488,867 per year, while the lowest-paid income is less than 69,873 annually.

If you want to maximize your earnings as a Chief Technology Officer, take on more responsibility, and gain more experience in related skills. Also, build interpersonal skills and strong leadership skills, get a certification in your field and then negotiate for a higher salary next performance review, when you are up for renewal or starting a new contract with a business.

The best thing you can do is develop yourself and gain knowledge. Many courses, additional training, and professional development opportunities in your area can help increase your skills and development in your job or related field.

You can also get your resume reviewed and look for a new employer that will hire and pay more or look for a career change that is hiring and may interest you more.

Salaries are also relative to the cost of living in different parts of the country. For example, the compensation for a Chief Technology Officer will need to be higher if it is in or closer to larger cities like New York City or some states like California. The increase in pay in these areas is because of the higher than average cost of living and more interested applicants for employment versus someone living in a small town. With the cost of housing increasing and medical care premium costs, it is essential to ensure you are getting paid what you are worth.

How do I know I’m being paid fairly as Chief Technology Officer?

The easiest way is to see how close your current salary is to the average pay for your position in your state and city. If your income is below the estimated average wage in your area, you can try to negotiate for a raise.

You can use our research and tools to discover the average salary for  Chief Technology Officer in your city or region to see if you are being compensated fairly. You may also compare your income to similar jobs and careers to determine whether you are underpaid or overpaid. Lastly, you can set up job alerts to see how the job market trends.

A few other ways you can research whether you’re being paid fairly as Chief Technology Officer is to do a job search to look at job postings for similar positions and see the estimate for the listed salary range. You can also talk to people in your network who have similar jobs and ask them what they earn. Finally, you can try negotiating a higher pay when you are up for renewal, having a performance evaluation, or starting a new contract.

What Factors Determine the Salary of Chief Technology Officer?

The money Chief Technology Officer can make each year greatly depends on a few components that determine an average base salary.

The company you work for is one of the main factors that affect how much Chief Technology Officer earns.

The compensation will also depend on the location, as some states and cities have a higher cost of living than others. Other factors that affect compensation are the number of hours worked, company size, job type, level of experience in your career, and location.