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The differences between owner and chief executive officers and chief technology officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both an owner and chief executive officer and a chief technology officer. Additionally, a chief technology officer has an average salary of $172,989, which is higher than the $91,613 average annual salary of an owner and chief executive officer.
The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for a chief technology officer are infrastructure, cloud, and architecture.
| Owner And Chief Executive Officer | Chief Technology Officer | |
| Yearly salary | $91,613 | $172,989 |
| Hourly rate | $44.04 | $83.17 |
| Growth rate | 6% | 6% |
| Number of jobs | 198,481 | 124,289 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 64% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A business owner can function as the chief executive officer (CEO) of his/her /her own company. Primarily, business owners derive their income or profit from business operations regardless of whether they are participating in its management. A CEO can be a paid executive whose primary job is to guide a company's day-to-day business activities. Owners are responsible for overseeing their company's ongoing evolution while a CEO's primary role is to control these activities. The CEO also develops strategies and tactics and communicates the company's direction to both employees and managers.
The job of chief technology officers (CTOs) is to oversee the technological needs and research and development of an organization. The CTOs, who are like chief information officers, make decisions for a company's technology infrastructure that aligns with the organization's business goals. They must ensure that they are updated on new and existing technologies for them to guide the company's future endeavors. Other responsibilities include fixing issues related to information technology, developing and managing the company's technological resources, and participating in management decisions on corporate governance.
Owner and chief executive officers and chief technology officers have different pay scales, as shown below.
| Owner And Chief Executive Officer | Chief Technology Officer | |
| Average salary | $91,613 | $172,989 |
| Salary range | Between $65,000 And $127,000 | Between $105,000 And $284,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Hawaii |
| Best paying company | - | InPhonex |
| Best paying industry | - | Telecommunication |
There are a few differences between an owner and chief executive officer and a chief technology officer in terms of educational background:
| Owner And Chief Executive Officer | Chief Technology Officer | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 64% |
| Most common major | Business | Computer Science |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner and chief executive officers' and chief technology officers' demographics:
| Owner And Chief Executive Officer | Chief Technology Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 68.8% Female, 31.2% | Male, 91.6% Female, 8.4% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |