The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population. A Chief Information Officer working in India will typically earn around 628,000 INR per year, and this can range from the lowest average salary of about 314,500 INR to the highest average salary of 971,200 INR. CIO salaries in Russia vary significantly, with an average of around $60,000 to $120,000, influenced by industry sectors and economic conditions.
Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. As CIO, he’s in charge of all IT functions, including strategy, systems development and infrastructure. This is the second year in a row he’s been on our list, and a boost in his bonus means a better showing overall. The average annual salary of a chief information officer in India is INR 50 lakh. The annual salary range of this senior IT executive is somewhere between INR 22 lakh to INR 102 lakh. The estimated take-home salary of an IT director is INR 2.92 lakh to INR 3.03 lakh per month.
CTO (Chief Technology Officer) Job Details 2023
A Chief Information Officer is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months. Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
The list of countries below will take you to information and data researched on 3,628 different jobs to help you find the average salaries, gender gaps, public vs private sector and more. In our research, we looked at the average salary for a Chief Information Officer in India based on the education level of the employees in order to find out whether a better education level would increase your salary. We have researched the average chief information officer salary based on years of experience to give you an idea of how the average changes once you’ve worked for a certain amount of time.
CTO Salary in India Per Month (June Check Now
The average CIO salary in the Netherlands is around $150,000 to $170,000, reflecting its robust IT infrastructure and digital economy. In the Middle East, the United Arab Emirates leads in CIO compensation, offering an average of $160,000 to $180,000, thanks to its prosperous business environment and high concentration of multinational corporations. As one of Africa’s strongest economies, South Africa’s CIOs earn an average of $70,000 to $90,000, higher than many of its continental counterparts. In Western Europe, Germany leads in terms of CIO compensation, with the average CIO earning between $170,000 and $200,000 annually.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises. In the chart below, you can see the average annual pay raise percentages for each of the major industries in India. In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months. The national average pay raise across all professions and industries in India is around 9% every 16 months.
In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. This senior executive has to formulate and implement IT strategies and streamline and manage systems to achieve the goals of the concerned business entity. This IT professional needs to possess in-depth knowledge of technological developments, digital advancements, and business operations.
CTO Salary in India Per Month (June
The average CTO salary of a CTO is between ₹7,53,551 to ₹29,96543 per year, with the annual pay being reflective of competition, education, skills, experience and the annual gross revenue of the hiring company. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giant’s applications, networks and data centers. He’s not as far up the list as he was last year, but his sizable performance bonus kept him in the mix.
There is, however, one additional factor you must consider because it directly impacts your monthly earnings. The Chief Technology Officer (CTO) is generally regarded as an organisation’s top expert in information technology. With so many uncertainties in the world, it is difficult to predict the future, but one doesn’t need a crystal ball to see that India is primed to become the powerhouse of the global economy. It is, therefore, reasonable to assume that the CTO salary in India will keep increasing. That’s a piece of information that everyone wants to know about everybody else—and isn’t eager to share themselves.
CTO (Chief Technology Officer) Salary
As new technologies emerge and digital transformation accelerates, CIOs have had to develop skills that go beyond traditional technology management. And in large organizations, they have typically delegated responsibility for day-to-day IT operations to deputies. In the 21st century, one of the most important operational aspects to any large enterprise is their ability to construct, maintain, and upgrade their information technology framework. This accounts for a large amount of expense, and it usually requires teams of skilled professionals to work together. In organizations that are large enough, these information systems operations are all managed by a high-level executive officer called the chief information officer (CIO).
This is the third year in a row Carey’s been on our list; his compensation hasn’t changed much but the fact that his contemporaries are making more moves him down the ranking. A CIO’s salary is nothing to sneeze at, but salary alone doesn’t tell the whole compensation story. Here’s a look at how bonuses, stock awards, perks and other compensation add up. Get regular updates about different jobs on Facebook, Instagram, LinkedIn, and Twitter. Anyone aiming to become a CDIO in India must have a B.Tech or BCA degree. These graduates can reach this leadership position by showing their mettle in the job.
In recent decades, technology has become key to advancing product and service innovation and contributing to business growth. As a result, CIOs have forged closer ties with the business side of their organizations. Various new technologies are driving changes in the enterprise, including in the cloud, data analytics, DevOps, the internet of things and artificial intelligence.
The difference between a median and an average salary
The advantage in IT is speed, Nickolaisen said, and CIOs should focus on innovation for competitive advantage. A good CTO must have sound knowledge of IT systems, business management skills, and possess highly effective leadership qualities. Their job description is to oversee the technology strategy and make sure it aligns with business goals. CTO salaries are also dependent on the sector of their company- CTOs in the financial sector make over $200,000 on average, while e-commerce CTOs make $76,000 per year, according to a 2018 report from the InfoSec Institute. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top.
Carter’s compensation was also padded by various perks, including use of a private jet and security services. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the company’s Asia Pacific Middle East region. After getting master’s degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. 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. With sufficient technical knowledge, people without a degree or with a non-tech degree can run these organizations.
- ERI’s compensation data are based on salary surveys conducted and researched by ERI.
- The CIO oversees the computer systems required to support the organization’s unique objectives and goals.
- The national average pay raise across all professions and industries in India is around 9% every 16 months.
- In organizations that are large enough, these information systems operations are all managed by a high-level executive officer called the chief information officer (CIO).
- We help you find the best courses, certifications, and tutorials online.
- 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.
Morgan is credited for launching the House of Morgan in the 1830s to manage family offices, and J.D. The findings, based on surveys of 635 family office leaders, didn’t find any CIOs in the UK, Middle East, and Australia making as much as chief investors in the US. At DigitalDefynd, we help you find the best courses, certifications and tutorials online. Hundreds of experts come together to handpick these recommendations based on decades of collective experience. We help you find the best courses, certifications, and tutorials online.
Being in an authoritative position, a chief information officer is endowed with the responsibility of conveying information about all IT developments and solutions across every department. A mid-career Chief Technology Officer (CTO) with 5-9 years of experience earns an average total compensation of ₹1,898,939 based on 61 salaries. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation cio salary in india of ₹884,372 based on 48 salaries. In 2012 he became SunTrust’s CIO, where he worked to unify a siloed technology department. As a member of an organization’s executive team, the CIO must have strong business acumen, outstanding communication skills, strategic planning skills and knowledge of an organization’s internal operations and technology initiatives. This became clear as the COVID-19 pandemic forced further evolution in the CIO job.
In China, CIOs typically earn between $70,000 and $100,000, with top earners in multinational corporations making considerably more. The United Kingdom also offers competitive CIO salaries and attractive perks, typically between $150,000 and $180,000 annually. When working with their teams, CIOs may have to shift their focus from talent acquisition to talent development on the job and through training programs. The CTO position often overlaps with other jobs, in particular, that of the CIO (Chief Information Officer) and CSO (Chief Science Officer).
There is no typical career path — the enterprise tech leader is likely to have started working at smaller organisations as a software engineer and team leader first to gain experience before moving to larger companies. Their learning development process has been steady, gradual and often highly focused on careers. They are typically in charge of discovering and analyzing how technology processes affect the business, as well as identifying potential areas of improvement.