Post by account_disabled on Dec 10, 2023 4:44:27 GMT -6
IT directors and project managers are most frequently promoted to the CTO position. IT managers gaining the experience required to qualify for the CTO role should look for opportunities to gain a reputation as a leader in the department. This will enable them to develop management skills, especially as team and project B2B Email List leaders. How much does a CTO earn? Holding a CTO position in a successful company pays off handsomely.
How much? It depends largely on the scale of the company, its location as well as the experience of the CTO in question. According to compensation software provider PayScale, a London-based CTO relatively new to the role can expect an average total salary of £82,723 per year, including benefits, bonuses, and overtime pay. A mid-career CTO with five to nine years of experience in the role earns around £83,078. However, after a decade in the CTO role, you can expect a significant pay rise.
Those who had between ten and nineteen years’ experience received an average of £102,779, while those who had spent more than two decades in the role got on average £121,913. In terms of CTO base salary, according to data from the Glassdoor website, it is estimated to average around £101,000 per year – an increase of £11,000 from April 2019. This growth suggests that the mean salary could continue to rise, despite the difficult economic challenges caused by the pandemic. For the success of both technology startups and stable global software companies, the role of the Chief Technology Officer is essential. CTO manages all technology-related issues and controls all related processes to solve the company’s software problems.
How much? It depends largely on the scale of the company, its location as well as the experience of the CTO in question. According to compensation software provider PayScale, a London-based CTO relatively new to the role can expect an average total salary of £82,723 per year, including benefits, bonuses, and overtime pay. A mid-career CTO with five to nine years of experience in the role earns around £83,078. However, after a decade in the CTO role, you can expect a significant pay rise.
Those who had between ten and nineteen years’ experience received an average of £102,779, while those who had spent more than two decades in the role got on average £121,913. In terms of CTO base salary, according to data from the Glassdoor website, it is estimated to average around £101,000 per year – an increase of £11,000 from April 2019. This growth suggests that the mean salary could continue to rise, despite the difficult economic challenges caused by the pandemic. For the success of both technology startups and stable global software companies, the role of the Chief Technology Officer is essential. CTO manages all technology-related issues and controls all related processes to solve the company’s software problems.