Chief Information Technology Officer Salary in India

Spain offers average CIO salaries in the range of $120,000 to $150,000, thanks to its economic situation and the size and sector of the employing companies. French CIOs typically earn between $140,000 and $170,000, depending on the size and industry of the organization. CIOs in China get a median annual salary of around $160,000, with those in larger corporations earning significantly more. Based on our compensation data, the estimated salary potential for CIO will increase 20 % over 5 years. All these attributes contribute to a person’s leadership and management abilities, both of which are vital parts of the CIO job. To arm you with the leadership skills required to achieve the career and lifestyle you want.

“This has created challenges for the family offices in attracting and retaining talent as the time horizons for return on these investments for private equity are generally shorter than the time horizon for family offices,” said the report. Family offices need to be creative and competitive with the bonuses and other compensation perks of the private equity industry. Only 17% of CIOs in Asia (which are mostly based in Singapore) earn more than 1 million Singapore dollars or about $740,000 and 6% in Europe make at least €1 million ($1.1 million), according to the report. Salary.com said the average total cash compensation — base salary plus bonus and profit sharing — for CIOs at $237,956. CIOs also work closely with the chief technology officer, who typically focuses on products to meet customer needs. They can have overlapping responsibilities with chief security officers and chief digital officers in companies that have those positions.

CTO (Chief Technology Officer) Job Details 2023

The average Chief Information Technology Officer salary in India is ₹9,038,257 as of March 18, 2021, but the range typically falls between ₹5,700,429 and ₹13,436,273. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

CIOs will have to pay attention to several IT trends, according to Niel Nickolaisen, SearchCIO contributor and senior vice president and CIO at O.C. These trends include the emergence of a services-centric application architecture to replace the large, monolithic enterprise application. Another trend that can’t be ignored is the ever-quickening pace of technology and business change.

What is the highest pay for Chief Information Officer (CIO)s?

Depending on its size and focus, a company may have any or all of these positions. In addition to fixing IT-related issues, a CTO is responsible for developing, implementing, managing and evaluating the company’s technological resources. In the table below, we have salary information for jobs that are similar to a Chief Information Officer in India. For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 8%. The most important factor in determining your salary after the specific profession is the number of years experience you have.

Often, it’s about putting out constant fires and how to drive traction and engagement for product and business. Martha Poulter worked her way up through the IT department at GE over two decades, starting out as a systems analyst before eventually becoming CIO and VP in 2010. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. Poulter’s stay at Starwood was relatively brief—in January of 2018 she jumped ship (pun intended) to become CIO at Royal Caribbean Cruises—but was lucrative, as her place on our list attests. Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

How can Chief Information Officer (CIO)s increase their salary?

According to Dice.com, which hosts a database of technology jobs, the average yearly salary for IT management roles — including the CIO and CTO — in 2020 was $143,416 in the United States. The role of a CIO has undeniably evolved into a more business-centric function, cio salary in india where technological decisions intertwine with strategic business initiatives. This transformation is aptly reflected in their remuneration packages, which vary significantly based on factors like the country’s digital maturity, cost of living, and economic strength.

In some cases, this technical knowhow can come from on-the-job learning. At that time, the CIO primarily focused on managing technical projects, launching systems and using technology to increase efficiency and productivity and cut costs. The job evolved as the storage, transmission and analysis of electronic information grew in importance in enterprises. There is a huge demand for high impact CTOs and technology leaders and your route to exceeding these average salaries is to enhance your leadership skills, so the negotiating balance of power is in your hands. If you aspire to become a CIO in India then you must have a background in computer science and information technology. You need to have hands-on experience as a team lead or a project manager to take on the responsibility of a CDIO.

Martin Lippert is a longtime tech exec in the financial services industry, with stints at Freddie Mac, Mellon Bank, Royal Bank of Canada, and Citigroup before his current job at MetLife. At RBC, he helped launch one of the first internet-based cash management services. At MetLife, his role spans both customer-facing tech and internal operations and security, and he’s in charge of planning digital strategy as well.

Robert B. Carter, EVP, FedEx information services and CIO, FedEx

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous. As their jobs evolve and require disparate skillsets, CIOs must be flexible. They will have to draw on their own diverse strengths and those of their colleagues, teams and partners. Some companies seek to hire CIOs with graduate degrees in fields such as IT management, project management and computer information systems.

It stands to reason that more years of experience will result in a higher wage. For the average Chief Information Officer salary in India, 25% of the population are earning less than 424,300 INR while 75% of the population earn more than 424,300 INR. The world’s richest rely on elite money managers to maintain their family fortunes. In emerging markets like India, the average CIO salary is substantially lower, between $60,000 and $80,000, though rapid digitization and economic growth are driving these figures upwards. Find out more about the evolution of the CIO job over the last 40 years and the role of the CIO today in this in-depth review.

Glassdoor suggests that the average chief technology officer salary per month is lower at ₹2,677,059 ($37,000). In mid-to-large size companies with higher executive budgets, the C-suite may include a CIO and a CTO. Both positions are focused on the engineering, implementation, development and management of technology. However, the key difference is that the CIO role typically involves internal operations, while the CTO role focuses on external processes. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field.

Chief Information Officer salaries will vary a lot based on your experience, location, skills, and gender. ERI’s compensation data are based on salary surveys conducted and researched by ERI. That means US family offices are often more mature and institutionalized than in other regions. They go beyond handling taxes and philanthropy and manage the majority of their investments in-house, rather than outsourcing the process to a Wall Street firm or other investment specialists, the report noted.

• She left Norfolk Southern in 2015, but still receives deferred compensation of various sorts; most of it takes the form of retirement benefits, which are generous enough to put her at number 11 on our list.
• After getting master’s degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies.
• 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.
• That means US family offices are often more mature and institutionalized than in other regions.
• A Chief Information Officer is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

Australian CIOs command average salaries of around $210,000, reflecting Australia’s robust IT infrastructure and heavy investment in digital transformation initiatives. CIOs in Australia are one of the highest-paid professionals in the country. CIOs in the United States earn a base salary of approximately $214,000, with potential total compensation reaching seven figures in Fortune 500 companies. Besides the base pay, CIOs working in America also get lucrative perks and benefits, including stock awards, accommodation, and international travel.

CIO Vs. CTO

CTO Academy provides technology leadership courses, coaching and career development to help you achieve your optimal career performance and reward. Our research indicates significantly higher base salaries if you’re working in the major tech centres. For example, the highest paying CTO job at this moment is in Mumbai while the lowest is in Agra. CTO salaries are usually linked to performance, stock options etc, so the highest salary with one company might not be as attractive as elsewhere, but the overall package is highly incentivised towards the success of that business. The start-up CTO might have been thrown in at the deep end and ahead of the career schedule. The learning curve from software development (e.g., web development) to an executive function is extremely steep and the immediate challenges are many and varied.

• Their job description is to oversee the technology strategy and make sure it aligns with business goals.
• After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address “the mismatch between the structure of the company’s existing technology organization and the business goals” of the CEO.
• Often, it’s about putting out constant fires and how to drive traction and engagement for product and business.
• In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
• Based on our compensation data, the estimated salary potential for CIO will increase 20 % over 5 years.

Having an MBA degree is the cherry on the cake for the professional development of an IT professional who aspires to become an IT director. In many countries, an annual pay raise is often given to employees to reward their service with a salary increase. In India, a male chief information officer will earn an average of 643,800 INR, while a female chief information officer will earn around 605,700 INR. In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level. According to Robert Half’s 2023 report, Switzerland’s CIOs are among the highest earners worldwide, with an average salary exceeding $220,000 due to the country’s high cost of living and developed technological landscape. ERI’s compensation data are based on salary surveys conducted and researched by ERI.

An experienced Chief Technology Officer (CTO) with years of experience earns an average total compensation of ₹3,418,037 based on 187 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹4,853,611. Understanding these global salary trends and the factors influencing them is crucial not just for aspiring and current CIOs but also for companies seeking to attract and retain top tech leadership talent.

Japan’s technologically advanced economy pays its CIOs handsomely, with the average salary ranging from $180,000 to $200,000. In Latin America, Brazil leads with CIO salaries, offering an average of $80,000 to $100,000, showcasing the country’s emerging tech sector and growing economy. A tech hub in Asia, Singapore offers attractive compensation for CIOs, with an average salary ranging from $180,000 to $220,000.