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What is a CTO salary?

A Technology Officer (CTO) is responsible for tech, teams and suppliers. They drive innovation and efficiency across the business.

What is the salary for CTOs in the UK?

Surveys by recruitment companies indicate a CTO salary can be up to £230,000 per year. The salary will vary by the experience of the candidate, but where they work also matters. CTO salaries in the London area tend to be the highest, but CTOs can certainly earn high salaries in other cities across the UK.
With all these factors—experience, geography, the quality of the candidate and the needs of the business—it can be complicated to assess a CTO’s salary.

How to determine a CTO salary?

We simplify determining CTO salaries by using three key factors:

1. Does the CTO look to the horizon—to market leaders and emerging technology—in order to bring innovation and new ideas to the business? Are they genuine leaders in digital, custom software, and identifying market opportunities? Do they continually learn and ensure they are at the top of their game?

2. Do they take a leading role in improving efficiency, effectiveness, and driving business value? Do they create new starting points and innovations to open the door to new business strategies? Or is their job to simply meet the agenda set by more senior leaders?

3. Finally, do they take broad ownership for delivering change? For example, does the CTO facilitate discussions with other leaders within the organisation and potentially outside? Do they work as equals with other Board-level leaders to meet overall objectives? Are they credible and knowledgeable when dealing with investors and other external stakeholders?

Overall, the CTO is an extremely important position that can have a huge impact on a business. The CTO’s salary needs to reflect that. (For more information about the role itself, see our article, What is the meaning of CTO?)

If you have questions about the role of the CTO and their salary, we can help. We interview, screen, select and develop more Board-level IT leaders than any other organisation. We’re always happy to discuss the recruitment process or any other IT challenges or opportunities.

Why Freeman Clarke?

Freeman Clarke CTOs work on a ‘fractional,’ or part-time model. This provides a business with first-class tech leadership without the full-time cost.

Our fractional CTOs are uniquely suited to mid-market businesses. They have outstanding technical expertise. They are strategic thinkers. They understand how to use tech to drive growth. But they are also suited to the culture and reality of mid-market business.

Whatever the remit, our CTOs operate from the fundamental idea of linking a business’s systems and digital strategy to business objectives. This should be the goal of every innovative company because when the two disciplines are connected, we see real, sustainable growth.

Visit our Chief Technology Officers (CTOs) Knowledge Centre which includes all content related to this topic.

To find out more about how we could add value to your business, Contact Us and we’ll be in touch for an informal conversation.

 

Responsibilities of a CTO

Chief Technology Officer (CTO) is a crucial position. They drive innovation, efficiency, and effectiveness across the business. They use tech – such as online or digital initiatives – to increase company value.

The CTO is responsible for tech, teams, and suppliers. They may oversee the development of custom software and apps. And a CTO is a communicator, representing tech initiatives to investors and other stakeholders when necessary.

How CTO Responsibilities Change with Company Growth

Some claim there are two types of CTOs: those who provide technical leadership and those who provide operational management. In reality, it is often more often a continuum, with the roles shifting depending upon the company and its business goals. 

But growth will definitely affect the responsibilities of a CTO. A few factors to consider when experiencing or planning for growth:

Main responsibilities of a CTO in startup

In any business, the CTO ensures that the company’s technology supports its business goals. But of course, this will play out in different ways in an established company and in a startup. 

In a startup situation, the business may not even yet exist when the CTO gets involved. (He or she may be an investor.) The CTO will be crucial during the planning stages, evaluating the technical viability of the product and designing solutions to bring it to life.

Early in the life of a startup, the CTO will develop a Minimum Viable Product (MVP) to attract investors or users. At the same time, the CTO will plan the tech architecture with a firm hand on security, integration and scalability.

As the product matures, the CTO ensures quality control and takes responsibility for building and supervising teams and IT operations.

“Freeman Clarke have always provided honest and clear advice, guidance and support to the senior team. Having someone completely independent and trusted who understands both the business and the technology has proved to be a significant business enabler.” – CEO, British Pathé.

Why Freeman Clarke?

Freeman Clarke is the largest and most experienced team of part-time (we call it ‘fractional’) CIOs and CTOs. We work exclusively with ambitious mid-market organizations, and we frequently help our clients to use technology to beat their competition.

Visit our Chief Technology Officers (CTOs) Knowledge Centre which includes all content related to this topic.

To find out more about how we could add value to your business, Contact Us and we’ll be in touch for an informal conversation.

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Graeme Freeman
Co-Founder and Director

Subscribe to our Business Insights

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