million# $500#to# $999.9 million# Median&CEO&Base&Salary&by&Company&Revenue& as&a&%of&Overall&Median& 0% 100% 200% 300% 400% 500% 600% 700% 800% <$2# million# $2#to# $4.9 million# $5#to# $9.9 million# Median# $10#to# $24.9 million# $25#to# $49.9 million# $50#to# $99.9 million# $100#to# $249.9 million# $250#to# $499.9 million# $500#to# $999.9 . Compensation data tools, salary structures, surveys and benchmarks. One trend remained the same as last year: the more you raise, the more you get paid. In terms of . We are strong advocates for CEOs and founders paying themselves a fair market salary. How much does a CEO in United States make? Aside from the US, countries with the highest CEO salaries include India, the United Kingdom, South Africa, the Netherlands, Switzerland, Canada, Spain, Germany, and China. Some related job titles are.css-123ngk9{cursor:pointer;font-size:15px;line-height:24px;color:#1861bf;}.css-123ngk9:hover{color:#0c4085;}Chief Executive Officer Salaries with median pay of $406,678,Presidente & CEO Salaries with median pay of $435,037,Chief Operating Officer Salaries with median pay of $354,082. See user submitted job responsibilities for Chief Executive Officer. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Search thousands of open positions to find your next opportunity. Obviously there is more to being a CEO than just these 7 best practices, but they are a great place to start. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. Kruze Consulting expanded its salary research in 2022 to include the average salaries paid to Chief Technology Officers (CTOs). Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Firstly, and most obviously, companies with more funding are better able to pay their CEOs. Talent Assessment Establish positive relationships with stakeholders and other business leaders. Executes multiple high impact initiatives to achieve overall corporate goals. PRESS RELEASE. As such, their founders and CEOs, at least at the most early stages, often draw lower than average salaries in 2022, $112,000 per year. Biotech CEO salaries remained relatively unchanged year over year, coming in at $147,000 in 2019. The company offers furniture; and home decor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. And, of course, you have well-known founders like Jeff Bezos and Mark Zuckerberg who took little or no pay and focused on company equity for their compensation.. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Radford Data & Analytics Upcoming Events and Webinars It's also importa. That means the CEOs there earned 50% more than the average. They span the typical range of U.S. startup industries including biotech, eCommerce, fintech, hardware, SaaS and more. Leading into 2021, the female leaders moved their salaries up over $30,000 - however, the gap between male and female CEOs salaries did not close vs 2019. The average CEO salary in the United States is $812,100 as of January 26, 2023, but the range typically falls between $613,800 and $1,046,300. Change of employer: To use information contained herein, please write to our team. Across the 350 largest companies in the United States, the average CEO made $14.5 million in . Use our tool to get a personalized report on your market worth. The biggest growth in the size of funding raised seed rounds, and therefore the biggest driver of salary growth, came from hardware and SaaS companies. Jobs in business are in increasing demand, requiring workers with at least a bachelors degree and moderate to advanced technical skills, with the use of data often a required job function. Updated November 03, 2022. Determine overarching goals and initiatives. As you would expect, startup CEO salaries vary by the amount of venture/seed funding that the companies have raised. Chief Executive Officer is responsible for the short and long-term profitability and growth of the company. The rest was made up of other incentives . In general, this pay does not include stock options or other benefits that can add up to $10 million to a Chief Executives complete salary package and overall net worth. For 2022, we analyzed CEO pay at over 250 seed and venture-funded startups, and we noticed an interesting trend taking shape. However, the average hides some interesting nuances which may be driven, in part, by changes in the fundraising environment in late 2021/early 2022. For instance, a tech company founder working in biotech usually has a higher pay than a founder in the agriculture field. The analysis comes from an anonymized dataset comprising more than 250 venture-funded startups and representing more than $2.5 billion in funding. Boeing's CEO at the time, Dennis Muilenburg, was fired and walked away with about $58.5 million. We looked at our payroll data for over 125 seed and venture-backed startups to come up with the answer. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. In 2020, approximately 36% of companies reduced their chief executive compensation during COVID. Rethink Location Strategy, Articles Median total compensation was $15.5 million for Equilar 100 CEOs in 2020, which represents a difference of 1.6% from the median $15.7 million awarded to the CEOs who appeared on the 2019 list. Not only does a market salary enable you to cover the cost of living and a good housing arrangement, it also ensures the financial stress doesnt lead to bad decisions at the company. Individualize employee pay based on unique job requirements and personal qualifications. Presidents and CEOs are generally expected to increase/maintain profitability and serve as the company's public representative. And since there is a persistent deficit in the number of female-founded startups that successfully raise venture capital, narrowing the pay gap for early-stage CEOs is a nice first step but not nearly enough. During times of uncertainty, carefully reviewing your CEO pay decisions for the 2020 fiscal year is more important than ever before. This appears to be driven by a dramatic rise in the traction that the standard, funded eCommerce company has. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Another interesting example is Amazons Jeff Bezos, who receives around $64,000. If you do not wish to receive these communications, please check here: Reimagine Your Workforce Strategy Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. Chief Information Security Officer (CISO) $217,144. When you build something of value and valuations are going up, you wont mind doing a small secondary. We had hoped that this expanded difference would shrink in our 2022 data, but unfortunately it did not. Professionally, you want to be on top of your game when it comes to making the right decisions for your company. $20M. Not paying yourself enough can turn you into a bad decision-maker. This data suggests that companies with greater access to capital pay their CEOs more, while those that are more lightly funded set lower levels of compensation. Were not talking about anything extravagant, but enough to live a life outside of the business. The economy and VC fundraising environment is obviously channeling, and later stage founders are likely to have reduced their salary increases, and not raised an additional round (at which theyd give themselves a pay boost). . The estimated total pay for a CEO is $377,126 per year in the United States area, with an average salary of $182,180 per year. Becker says companies may start increasing CEO salaries above $1 million now that the . Adjustments were roughly the same on average across all revenue sizes. Change of employer: General Disclaimer Do unprofitable companies need to file tax returns? Or believe in your Mentor so . CEOs at manufacturing companies saw the highest prevalence of salary reduction. Sixteen firms ended 2020 in the red. Elevate Credit Union - MT. Kruze Consulting was founded in 2012 by Vanessa Kruze, a big four alum, startup controller and CPA. Base Salary. To evaluate family business pay practices, Compensation Advisory Partners (CAP), an independent executive compensation consulting firm, and MLR Media launched the, Transformational Women in Family Business 2023, 2021 Family Business Executive Compensation Survey, At Zildjian, 400 years later, the beat goes on, Venting with Purpose: How To Complain About Your Family, The inevitable Shift: Lessons Learned from G1-G2 and G3-G4 Transitions, Family Business Basics: The Family Office. Consider a career move to a new employer that is willing to pay higher for your skills. The Times study, in fact, values 2020 compensation of the three highest-paid CEOS at over $547 million. A Read more, Individuals serving simultaneously as presidents and chief executive officers (CEOs) run a company's high-level operations. The most recent data on Salary.com shows that Kelly earned a total financial package of $7,653,743of which $750,000 was in salary and the rest was due to stock awards, bonuses and "other . Company culture. CEOs are always on duty, and startup CEOs are even more in demand than the leaders of mature businesses. ZipRecruiter claims that the average income for a startup CEO position is little more than $110,959 per year. Executive salary has recently become a controversial topic, causing some high earners, such as Facebook founder Mark Zuckerberg and former Twitter CEO Jack Dorsey, to accept little or no salary at all. that oversees more junior Chief Executive Officer (CEO)s, this experience can increase the likelihood to earn more. Until then, weve got our 2022 report, below, and we can estimate where the market is going based on more recent payroll data from the end of 2022. Our analysis offers the first opportunity for rewards professionals to preview pay decisions for the 2020 fiscal year, rather than pay decisions for 2019 disclosed in 2020 proxy statements. $4k - $146k. Collectively, AFS creates an environment in which companies with the. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Executive Officer (CEO) is $159,263, An entry-level Chief Executive Officer (CEO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $100,497 based on 101 salaries. The CEO of this company made around 450K salary not including bonuses. The composition of CEO compensation is shifting away from the use of stock options and toward the use of stock awards. Not the job you're looking for? Seed stage salaries - for companies that have raised less than $2 million in total funding - seem to be still recovering from the COVID crisis, and the overall pay there is down from $120,000 in 2019. Also, try our Startup CEO Salary Estimator tool on the right. Electronic Arts CEO Andrew Wilson was paid $19.9 million in the 12 months ending March 31, 2022, down from $39.2 million, according to a new company filing. By contrast, the top-paid bank CEO was Wells Fargo & Co.'s . On-demand Webinars, Rewards There were more than 100 CEOs who made over $19 million in 2020 in salary, bonuses, stock awards, and other forms of compensation. Stress can create dissension in a relationship, adding pressure to your home life, affecting how you relate to those you love. Funding and Cash Flow. *Who is the highest paid person at a startup - see who really gets (cash) compensation at an early-stage company! CEOs are the highest ranking corporate executives and their compensation often reflects as much. At any moment, executives or team members may own public or private stock in any of the third party companies we mention. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The average Chief Executive Officer salary in the United States is $812,010 as of January 26, 2023, but the range typically falls between $613,763 and $1,046,244. (Private company CFOs make 45% less than those at public . CFO salary ranges also differ from state to state. Lehi, UT, GovAssist - How much can your startup save in payroll taxes? Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Project Manager, (Unspecified Type / General). Please quote the information above when referring to 2020 - 2021 data. Managing Experience: If you are a Chief Executive Officer (CEO) We noticed a minimal effect on short-term incentives, as most of the companies made annual payouts prior to the pandemic. In order to succeed at the position, a CEO must have great social skills, possess the ability to be an effective leader and not shy away from making big decisions. Close the Future Skills Gap Startups in the study represent several industries, including Biotech, eCommerce, EdTech, FinTech, HealthTech, Hardware, SaaS and more. We hope this report simplifies your startup CEO pay decision! Lets dive into why we think there are notable difference by industry. Image Credits: Nuthawut Somsuk / Getty Images. And if you are interested in how COVID impacted compensation in 2020, skip to How Did the Covid Pandemic Affect CEO Salary? said Vanessa Kruze, CEO of Kruze Consulting. The companies we used to determine this figure have raised collectively more than $2B in funding. An average CEO of a small to medium-sized company may expect to get a six-figure compensation in the low 200s. Level of Education: Gaining advanced degrees Venture capitalist and entrepreneur Peter Thiel, for example, estimates that the typical yearly CEO wage for seed-stage businesses ranges between $100,000 and $125,000. Even though there arent many people in this group, they usually shift the CEO pay scale toward the seven-figure or eight-figure level. The other major surprise we noticed was that eCommerce companies are paying their CEOs much more than they had in the past $141,000 for 2022. Kruze provides Startup CFO Consulting to over 500+ startups in Silicon Valley, Los Angeles, New York, and other major startup hubs. As most CEOs and founders know, launching a startup means working long hours, dedicating time and thought to the business success. (or $223,000 to $275,000 with benefits and bonuses) According to Salary.com the median base salary for a CFO in the United States is $362,030, and the median total compensation package (including bonus, healthcare, and retirement) is . $75k - $312k. Our analysis backs this up, but its important to mention that there is no single factor that influences this decision. Countries. Our data shows that the average annual salary for a CEO of a seed or venture backed company is $130,000. By 2007, however, when the stock market had mostly recovered, average CEO compensation reached $20.0 million, just $1.5 million below its 2000 level, using the options-realized measure. For companies with total funding of $2 million or less, average CEO salaries increased just $5,000 in 2019. LIQUIDITY SERVICES INC, OVERSTOCK.COM INC, WILLIAMS-SONOMA INC, Based on HR-reported data: a national average with a geographic, Chief Executive Officer Salaries by Percentile. The average salary for a chief financial officer is $148,969 per year in the United States and $22,500 profit sharing per year. CEOs of funded startups make many important decisions - including compensation decisions. The average salary for a Chief Executive Officer (CEO) is $159,263. If the CEO is getting $20 million it is likely the chief financial officer (CFO) and other top tier executives are getting in the neighborhood of $8-12 million. Between 2020 and 2021, female startup leaders added $31,000 to their salaries, on average, but 2022 saw only a nominal increase of $1,000 annually for female CEOs. Not only does a fair market salary reduce your financial stress, it gives you a safety hatch. Salaries estimates are based on 945 salaries submitted anonymously to Glassdoor by a CEO employees. Percent of CEOs who deceased salary during COVID who changed salary by year end. Of those making reductions, nearly 50% reduced the CEOs salary by 30% to 50%. We may monetize some of our links through affiliate advertising. Affordable Monthly Bookkeeping for Startups, Key terms, tips and tricks, free financial models, taxes and more, Kruze is a leader in bookkeeping services for startups, We get your startup ready for the VC process, Projections, budgets and FP&A help for seed venture funded companies, Outsourced CFOs to help manage your growing startup, Industry specific expertise in bookkeeping, tax, FP&A and beyond, Kruze is a leader in startup tax filings, advice and more. Use our startup CEO salary guide to help peg your pay to the amount of capital that your company has raised. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. A CEO with a $1 million salary may also receive a $700,000 bonus. CEOs of early-stage startups usually earn less than those of late-stage companies. Kruze Consulting continues to advise founders to accept salaries as soon as theyve acquired funding. What are Your VCs Return Expectations Depending on the Stage of Investment? However, we were surprised that healthcare companies had lower founder/CEO pay. is pretty wide and is more driven by the absolute dollar amount raised, pay does vary by stage. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. More, Recently searched related titles: The largest salary increases about 9% were seen at companies with revenue between $1 billion and $2.5 billion, followed by 5% for companies with revenues of $5-$10 billion. One of the most common questions CEOs ask us at Kruze Consulting is: How much should my salary be? Since the Kruze team helps run startups books and payroll, its natural that wed get this question. $237,983. 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