What is the average CTO salary in India? CTO Academy

From our research, we can see that the average pay raise for a Chief Information Officer in India is around 14% every 17 months. In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

Others look for candidates who have a Master of Business Administration degree with an emphasis on IT. They should be able to think critically and creatively, have strong communication skills, be well organised, have people and time management skills, and be results oriented. They should also have effective emotional intelligence attributes that enable them to truly understand how to lead. CTOs are expected to be technically competent so the difference between a good and great CTO is almost always down to their leadership, aka soft skills. He took on the CTO role at T-Mobile in 2010, and has helped transform its wireless network quality from an embarrassment to a selling point. Matt Carey has worked at Home Depot for nearly a decade and oversees all aspects of IT infrastructure and software development for its sprawling network of stores and distribution centers, as well as the corporate website and supply chain.

CIOs now lead digital transformation initiatives, as well as efforts that result in broad organizational change. Mike McNamara began his tech career at British retailer Tesco in the late ’90s, helping roll out its website and overseeing its IT and supply chain businesses, then expanding the company’s operating model outside the UK. After cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. 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.

How Much is a Master’s Degree or MBA Program?

Additionally, these graduates can pursue an MBA, M.Tech, or MCA to march toward an IT director. The table below includes links to the average salary for each state in India. Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals. Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

What this means is that a Chief Information Officer in India can expect to receive an average pay raise of around 10% every 12 months. As you can see above, there are financial benefits from reaching master’s degree level, but don’t expect to see much of a salary increase until you have completed the degree. If you’re not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Average Salary by Education Chart

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution. What this means is that approximately 50% of the population earn less than 628,000 INR, and 50% of the population earn more than 628,000 INR.

• Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giant’s applications, networks and data centers.
• In the table below, we have salary information for jobs that are similar to a Chief Information Officer in India.
• He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework.
• The average CIO salary in the Netherlands is around $150,000 to $170,000, reflecting its robust IT infrastructure and digital economy.

Notably, these trends reveal an upward trajectory, hinting at the continually growing importance of CIOs in the business world. In the 21st-century digital economy, the role of the Chief Information Officer (CIO) has seen a significant shift. Once largely tasked with IT infrastructure management, the CIO’s role extends into shaping strategic business models, driving innovation, and fostering an organization’s digital transformation. The responsibilities vested upon CIOs in the present context are vast, as are their remuneration packages. This article delves into the intricacies of CIO salaries, focusing on variations across different nations. They have become key contributors in how technology could be used to further business objectives and grow the top and bottom lines.

Chief Information Technology Officer Salary by Global Country

Our data covers more than 25,000 unique job titles over 8,000 organizations. It’s common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

But JCPenney was on hard times, and by the end of 2015 Laverty left the company. “We are unable to provide details of Scott’s departure,” his employers said cryptically, but two years later they’re still sending him enough deferred compensation for him to make it onto this list. Chief information officer is a C-suite job title given to the executive in charge of information technology initiatives and strategy. The CIO oversees the computer systems required to support the organization’s unique objectives and goals.

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. 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.

Chief Information Technology Officer Pay Difference by Cities

Indeed.com pegged the average base salary for a CIO at $122,002 a year and profit-sharing at $21,200. This would be in addition to other benefits, including 401-K matching, paid time off and medical insurance. The responsibilities of CIOs vary according to the organization, industry and region in which they work. The chief information officer at one organization could have an entirely different set of responsibilities from the CIO down the street.

As the workforce went remote and customer interaction changed, CIOs had to focus even more on business operations and how IT could make it more productive, cost-efficient and secure. One important aspect of the CIO job is selling the benefits of technology and the need for digital transformation to a company’s executives and board of directors. Given that, communications and interpersonal skills are especially important. These skills not only enhance an IT leader’s relationships with other executives and their IT staff members, but they also improve job performance and career prospects. He or she leads the efforts of the technology development within the company.

How much do CIOs really make? Pay packages of 25 Fortune 500 execs revealed

Family offices in the US have also been increasingly competing with private equity firms to directly buy stakes in privately-held companies and other more esoteric investment opportunities. And competing with the Blackstones and Apollos of the world of private equity does not come cheap. While family offices have propped up across the globe, they are an American invention.

It is also important to keep an eye on the competition, in order to stay a step ahead. An abundance of research will be carried out by the CTO, and reports will be generated. The CTO will generate a vision for the company and a plan to achieve it in the future. It is important to harness the best technology available to provide a good experience for the end user and to make employees’ work more efficient. Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture.

CTO Salary India Per Year

If you want to calculate how much tax you’ll pay on your salary, you can use the calculators below, which are updated to the latest tax brackets each year. We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be cio salary in india as useful to you as possible. If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched. 18% reported that they had not received any bonuses in the previous 12 months.

If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive. The salary you can earn based on your education is very specific to both your location and the career path you choose. So we’ve looked at the average salaries a Chief Information Officer will earn in India. These are average salaries for a Chief Information Officer in India and include benefits such as housing and transport. It’s also possible for a Chief Information Officer to earn more or less than the average salaries shown above. The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

Since this is a senior position in a company, it is usually necessary to have many years of experience in a position relating to information technology. Since the job involves many duties, it is important to be self-motivated and to be able to problem-solve, multitask, and work well under pressure. The CTO may have a bachelor’s, master’s, or doctorate’s degree in a field such as information technology, computer programming, or another computer science. Salary.com provides trusted global salary data in over 100 countries to organizations like yours to attract and retain top talent.