A chief technology officer (CTO), also known as a chief technical officer or chief technologist, is an executive-level position in a company or other entity whose occupation is focused on the scientific and technological issues within an organization. A CTO is very similar to a chief information officer (CIO). CTOs will make decisions for the overarching technology infrastructure that closely align with the organization's goals, while CIOs work alongside the organization's information technology ("IT") staff members to perform everyday operations. A CTO should be aware of new and existing technologies to guide the company's future endeavors. The attributes of the roles a CTO holds vary from one company to the next, mainly depending on their organizational structure. In the United States, the average salary for a CTO ranges between $130,000 and $195,000 per annum depending on the company's sector. According to a 2018 report from the InfoSec Institute, CTOs in the financial sector earn around $200,000, while e-commerce CTOs earn around $76,000.
