TEST 3 – Highest Paid Tech Executive Jobs & Top Salaries
Technology is constantly evolving, underlying the importance for companies to have the right digital and tech executive salaries and roles in place to best take advantage of new technologies and stay ahead of the competition.
Once the executive level of expertise is reached, it’s understandable that tech executive roles and job salaries become widely varied as shown in our full 2022 Tech Salary Guide.
To help set expectations and inform hiring strategies, here are the seven highest paid tech executive salaries and jobs.
Tech Executive Salaries by Position
CTO Salary, Chief Technology Officer
Chief Technology Officers can earn an average salary range of $225,000-$350,000.
CTOs are responsible for a company’s technology strategy and ensuring that it’s aligned with the business goals of the organization.
They oversee the research, development, and implementation of new technologies and are also responsible for managing technology budgets.
When to hire a CTO?
The best time to hire a CTO is when a company is ready to scale its operations and grow its business.
Businesses — especially tech companies — without the right technology support and foundations in place risk falling behind and becoming outdated.
VP, Information Technology Salary
Information technology VPs can earn an average salary range of $200,000-$300,000.
An Information technology VP is responsible for the planning, directing, and coordinating of all activities related to the company’s information technology systems.
This includes coordinating with IT managers, offering high-level guidance, and establishing trust with third-party vendors.
When to hire a VP of Information Technology?
The best time to hire a VP of Information Technology is when a company is committed to protecting the confidentiality of data as they continue to scale and grow the business.
Companies that fail to invest in safeguarding data risk opening themselves up to hackers, cyber crime, and data breaches resulting in the loss of millions of dollars and potential lawsuits.
This is why the most successful companies invest in cyber security jobs and salaries as well.
CIO Salary, Chief Information Officer
Chief Information Officers earn an average salary range of $225,000-$350,000.
A CIO is responsible for the planning, implementation, and maintenance of a company’s information technology infrastructure.
This means they are in charge of both the hardware and software systems and ensuring that they are up to date and meet the needs of the company.
When to hire a CIO?
The best time to hire a CIO is when a company has outgrown its current information technology infrastructure and needs someone to manage and oversee the upgrade process and manage the new infrastructure once it’s in place.
VP, Engineering Salary
An Engineering VP can earn an average salary range of $175,000-$300,000
Engineering VPs are responsible for the planning, development, and implementation of engineering projects, plus the management of development teams. Examples of engineering projects could be developing a new product or redesigning an existing one.
When to hire a VP of Engineering?
This role is important when a company needs someone to manage and oversee the engineering team to ensure that projects are completed on time and within budget.
VP, Application Development Salary
Application Development VPs earn an average salary range of $175,000-$300,000.
Application Development VPs are responsible for the planning, development, and implementation of software applications.
This includes working with different teams like product management, designers, and software engineering to create new features and functionality for software solutions.
When to hire a VP of Application Development?
The best time to hire a VP of Application Development is when a company has outgrown its current software applications and wants to create or improve their online presence with a new website or mobile app.
VP, Infrastructure Salary
Infrastructure VPs earn an average salary range of $175,000-$275,000.
An infrastructure VP works with IT departments, software developers, and the Chief Operating Officer to plan, develop, and implement the physical infrastructure of a company.
This includes things like data centers, networking, storage, and servers.
When to hire a VP of Infrastructure?
The best time to hire a VP of Infrastructure is when a company is expanding its operations and needs someone to manage the increased demand on its infrastructure and oversee the planning, development, and implementation of the new and updated infrastructure.
Chief Information Security Officer Salary
Chief Information Security Officers earn an average salary range of $225,000-$350,000.
Chief Information Security Officers — also known as CISOs — are responsible for the planning, implementation, and maintenance of a company’s information security program and working with relevant departments to ensure the company is compliant with local and federal laws.
This includes developing and enforcing policies and procedures to ensure the confidentiality, integrity, and availability of data.
When to hire a Chief Information Security Officer?
The best time to hire a Chief Information Security Officer is when a company is expanding and needs someone to manage the increased demand on its security program.
An experienced Chief Information Security Officer can successfully oversee the planning, development, and implementation of the new and updated security policies and procedures.
Each of the seven highest-paid technology executive jobs and their associated salaries are important for companies that are expanding their operations and need a seasoned expert to oversee and manage their growth and transition.
For a complete breakdown of all the top Tech Executive salaries, download our detailed compensation analysis in the 2022 Salary Guide across Tech, Creative & Digital Marketing.
Need to hire Tech Executives?
With trends in cloud computing on the rise and remote work becoming the new normal, the need for top-level tech executives has never been higher.
That’s why it’s critical to hire tech executive talent today and ensure you’re offering competitive salaries and fair compensation so you don’t miss out on the in-demand talent you need.
If you lack the tech executive professionals you need or want to learn more about the salary ranges for related roles, contact Mondo today.
We’ll provide you with the salary insights and candidates you need to elevate your tech management strategies.