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The differences between technology development managers and chief technology officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a technology development manager, becoming a chief technology officer takes usually requires More than 10 years. Additionally, a chief technology officer has an average salary of $172,989, which is higher than the $130,715 average annual salary of a technology development manager.
The top three skills for a technology development manager include architecture, javascript and technology solutions. The most important skills for a chief technology officer are infrastructure, cloud, and architecture.
| Technology Development Manager | Chief Technology Officer | |
| Yearly salary | $130,715 | $172,989 |
| Hourly rate | $62.84 | $83.17 |
| Growth rate | 16% | 6% |
| Number of jobs | 163,740 | 124,289 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 47 | 52 |
| Years of experience | 8 | - |
A technology development manager is primarily in charge of spearheading and overseeing the efforts in developing a company's technological projects and programs, ensuring efficiency and smooth workflow. Their responsibilities typically include setting goals and timelines, managing teams and their budgets, gathering and analyzing data to identify areas needing improvement, and implementing solutions against problem areas. Furthermore, as a technology development manager, it is essential to lead and encourage teams to reach goals, all while implementing the company's policies and regulations.
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.
Technology development managers and chief technology officers have different pay scales, as shown below.
| Technology Development Manager | Chief Technology Officer | |
| Average salary | $130,715 | $172,989 |
| Salary range | Between $99,000 And $172,000 | Between $105,000 And $284,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Hawaii |
| Best paying company | Apple | InPhonex |
| Best paying industry | Professional | Telecommunication |
There are a few differences between a technology development manager and a chief technology officer in terms of educational background:
| Technology Development Manager | Chief Technology Officer | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Computer Science | Computer Science |
| Most common college | Carnegie Mellon University | University of Pennsylvania |
Here are the differences between technology development managers' and chief technology officers' demographics:
| Technology Development Manager | Chief Technology Officer | |
| Average age | 47 | 52 |
| Gender ratio | Male, 83.6% Female, 16.4% | Male, 91.6% Female, 8.4% |
| Race ratio | Black or African American, 6.5% Unknown, 5.2% Hispanic or Latino, 9.7% Asian, 17.4% White, 61.0% American Indian and Alaska Native, 0.2% | 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 | 11% | 12% |