How long is a piece of string?
The definition of a CTO role has so many variables there is no “typical” salary – even the averages pumped out by various sources have to be taken with a pinch of sale because different packages wrap up different levels of often hidden incentive.
From straight salary to a mixture of salary and stock option/vested stake.
Then you have the difference between established company packages and the start up/early stage culture of graft today, jam tomorrow.
What we know for sure – high impact CTOs are in high demand so the key is build your own value in the market and negotiate your next role from a position of strength.
What we have done for you is aggregate the salary data produced from sites like Indeed, Glassdoor and Payscale to help you review “average” salaries in major tech cities around the world … with the caveat that it’s a guide only and based on core salary data only.
How can you achieve better than average?
The key with any negotiation is to be holding all the cards.
High impact CTOs are in demand but what are the key attributes of in-demand CTOs?
Well, it’s not their hard skills. The key difference between the good and the great CTO is shaped by ability to lead, which is down to the soft skills.
From communication to critical thinking, delegation to decision making, your personal value in the market will be shaped by the impact you can have in an organisation and that will be defined by your leadership capabilities.
Steep Learning, High Reward
Quickest route to CTO is start you own company or be an early hire. The learning curve is rapid, the salary less so but you’re in the heart of the business and building that equity stake.
Stable Learning, Career Roadmap
Building your career within a corporate environment provides a more stable learning and salaried environment. This is about building a personal brand and career road map to achieve the role you want.
Do you know your core values and intrinsic motivation? More enjoyable and interesting to achieve the career you want if it’s aligned to your personal values, rather than outside incentives or pressures.