10 facts on highly paid CIOs
The 36 highly paid CIOs have average base salary is $510,000 with total average compensation of $3.6 million.
Janco has just updated its list of highly paid CIOs for the last year. The data is from public sources including SEC fillings. The data shows that this group of individuals is not only very diverse but also completely integrated in the executive management planning and operational teams.
Interesting findings include:
- One quarter of this group of CIOs are women. That is up from less than 10% in 1999.
- Just under 1 in five are minorities. This group of CIO is racially diverse and are all well educated
- The median base salary $700K while the average base salary is $510K/
- The median total compensation $3.3 million and average total compensation is $3.6 million.
- All of the CIOs make most of their total compensation from performance bonuses and company stock.
- The average tenure is well over 60 months and these individuals have the probability of retiring from these jobs versus being terminated or leaving for greener pastures.
- All of the positions are Vice Presidents and most are Executive Vice Presidents. All have either CIO or CTO in their official titles.
- Over 60% have been in IT most of their careers. and have advanced to this position.
- Over 40% have operational responsibility for areas beyond IT and technology. Technology is integral to the day-to-day operations
- All are integrated into the executive and operational management of the enterprises they are in. Typically IT is not in a “silo” isolated from the rest of the company.
Janco and eJobDescription.com has conducted salary surveys of the IT Job market since 1989. The data from this survey has been published in the Computer Industry Almanac, the Wall Street Journal, the New York Times, eWeek, and many other business and industry publications. In addition over the years it has been featured on CNN, the Wall Street Journal, and several national and international media outlets.