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CIO Salaries Barely Rose In 2010 Print E-mail
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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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1. 01-15-2011 20:41
 
I am somewhat surprised that healthcare execs suffered pay cuts as it seems from my network to be an industry that is currently actively recruiting for IT talent; perhaps those cuts will set the stage for turnover in 2011.
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2. 02-20-2011 03:46
 
In the current environment I am surprised that anyone should really expect a pay raise, I guess it is all depends on what perspective you are looking at it from.  
 
-sean
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