Industry News

CIOs will earn $277,700 on average in 2016, survey shows

The average CIO will make $277,700 this year, according to the 2016 State of the CIO Survey. IT executives at enterprises with 1,000 or more employees earn $401,500, on average, compared to $189,420 at companies with fewer than 1,000 employees.

Regardless of company size, however, strategic CIOs are likely to earn significantly more: an average $167,000 more than functional CIOs and an average $127,000 more than transformational CIOs. Strategic CIOs are also significantly more likely to report to the CEO, authors of the study say.

Some 84% of CIOs agree the role is becoming more important to their business. But CIOs who spend most of their time on strategic activities or who are concentrating on transforming business operations are significantly more likely (87 percent) to say so than functional IT leaders (78 percent), who have a more traditional role managing IT operations.

By contrast, an average hacker earns less than $30,000 a year from malicious activities, which is a quarter of a cybersecurity professional’s average wage, and a tenth of what CIOs gain, according to HOTforSecurity.

IT executives report that improving cybersecurity ranks third on the list of goals their CEOs have set for them personally (29%), behind completing a major enterprise project (40%) and reaching a specific revenue goal (32%). In 2014, beefing up cybersecurity ranked eighth, the report shows.

IT jobs with the greatest increase in compensation, 2015 to 2016
Information security manager +6.4%
Systems analyst +6.2%
Systems administrator +5.3%
Network administrator +4.8%
Software developer +4.7%
Information security specialist +4.7%
Network engineer +4.6%
Chief information officer +4.6%
Software engineer +4.5%
Application developer +4.4%
Source: Computerworld 2016 IT Salary Survey

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Former business journalist, Razvan is passionate about supporting SMEs into building communities and exchanging knowledge on entrepreneurship. He enjoys having innovative approaches on hot topics and thinks that the massive amount of information that attacks us on a daily basis via TV and internet makes us less informed than we even think. The lack of relevance is the main issue in nowadays environment so he plans to emphasize real news on