Chief technology officers are executive-level employees in charge of a company's technical development. They oversee the implementation of new technologies. They make important decisions about technological enhancements and determine ways to leverage technology investments and capital to promote the company's revenue and growth goals. Additionally, they assess the technological needs of the company and act accordingly. This can be by hiring personnel or implementing solutions in that regard. Other duties include managing operating and capital budgets, monitoring and evaluating technology performance, and establishing technology standards and practices.
Most chief technology officers hold at least a bachelor's degree in computer science, business administration, or a related discipline. You must have previous experience in a similar role. You must possess communication, software development, financial management, strategic planning, and analytical skills. Chief technology officers are paid around $170,160 in a year. This ranges between $97,000 and $298,000.
There is more than meets the eye when it comes to being a Chief Technology Officer. For example, did you know that they make an average of $74.08 an hour? That's $154,085 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many Chief Technology Officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Management skills, Problem-solving skills and Time-management skills.
If you're interested in becoming a Chief Technology Officer, one of the first things to consider is how much education you need. We've determined that 64.1% of Chief Technology Officers have a bachelor's degree. In terms of higher education levels, we found that 20.6% of Chief Technology Officers have master's degrees. Even though most Chief Technology Officers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Chief Technology Officer. When we researched the most common majors for a Chief Technology Officer, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Chief Technology Officer resumes include Associate Degree degrees or Doctoral Degree degrees.
You may find that experience in other jobs will help you become a Chief Technology Officer. In fact, many Chief Technology Officer jobs require experience in a role such as Senior Software Engineer. Meanwhile, many Chief Technology Officers also have previous career experience in roles such as Software Engineer or Consultant.