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By Mark Henricks
The average CIO’s salary increased just 1.7 percent increase
in 2010, according to a survey by TechTarget. The company’s latest annual CIO
Salary and Careers Survey showed that financial services IT leaders far
outpaced the rest, averaging 15.2 percent pay hikes, while healthcare IT
executives suffered through an average pay cut of 7.3 percent.
TechTarget surveyed 920 CIOs, CTOs, CSOs and other IT
leaders, representing more than 17 industries across the U.S. Approximately
half worked in small and medium-sized businesses with 100 to 999 employees.
Most (56 percent) self-identified as director-level IT executives or above,
according to TechTarget.
The results compared to a survey taken in 2009 about CIO
expectations for 2010 pay indicate that disappointment must have been
widespread. In the earlier survey,
half of IT executives expected to receive 2010 pay increases averaging 4.8
percent.
When results were broken down by four major industry sectors,
they showed senior IT leaders in financial services earned the most, $152,437,
in addition to getting the biggest raises. Government senior IT leaders earned
the least, $118,487, and received minimal raises of just 0.9 percent on
average. The healthcare industry’s senior IT leaders were paid $143,686 after
absorbing their pay cuts. Manufacturing senior IT leaders were the second
highest compensated, at $148,765, and also received the second-best raises, at
2.5 percent.
TechTarget also asked the respondents how satisfied they
were with their pay levels, as well as the general mood in their organizations.
Overall, most indicated satisfaction with their pay, although 43 percent of
rank-and-file IT staff were either somewhat or not at all satisfied.
In the coming year, all the various levels of IT
professionals are expecting raises, TechTarget found. Most (57 percent) said
they were looking for an average raise of 4.3 percent. The higher the level,
the higher the expected raise, with top IT executives in manufacturing
expecting a 6.9 percent raise. Director-level IT leaders in healthcare were
looking for a similar hike.
When it came to the mood in their organizations, sizable
majorities (72 percent of IT executives, 65 percent of IT directors and 61
percent of IT managers) said the atmosphere was either neutral or optimistic.
Of all the industries, the only one where more negative attitudes prevailed was
entertainment, where 64 percent said the atmosphere at work was pessimistic.
TechTarget cited results from a separate Society for
Information Management study that suggest CIOs are staying in their jobs much
longer than they were several years ago. That survey, by Jerry Luftman, a
professor at Stevens Institute of Technology in Hoboken, N.J., showed that in
2010, average CIO tenure was 5.1 years. That represented a sharp increase from
2006 when the average CIO had been in his or her job just 3.6 years.
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