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CHINA: Please provide salary information (incl. any bonus/benefits where possible) for CTOs, CIOs, CMO’s and CDO (Chief Digital Officer) across any industry (but especially large companies: professional services, banking, technology, e.g IBM, Accenture, HSBC, Samsung, Huwaei, Unilever, in China.
Hello! Thanks for your question about salary information for CTOs, CIOs, CMOs and CDOs in China. The most useful sources I found to answer your question are Hudson, KPMG, and Michael Page. The short version is that Chinese CTOs earned between $157K in the Technology sector and $302K in the Banking and Financial sector. Chinese CMOs make an estimated $268K and "the average salary of a CIO in Greater China is between $200K and $219K." In China, up to 25% of C-level salaries can be attributed to performance bonuses and company perks. Below you will find a deep dive of my findings.
METHODOLOGY
I searched corporate websites, industry reports, government reports/databases, and regulatory filings. China-specific salary figures for CDO roles are not available, but I found a comparison for C-suite salaries by function. Please note that all figures have been converted to USD $ for calculation purposes. I have provided ranges for the salaries because they depend on other factors, such as company size, market growth trends, gender, industry, specializations or certifications.
FINDINGS
The 2015 Hudson Salary Guide for China lists the base salary for a CIO as $174K to $362K in the Information, Communication and
Technology sector.
Michael Page reports C-level executive salaries in the Banking and Financial sector to range from of $261K to $479K (average $386K).
For a CTO, Michael Page estimates a base salary range in the Banking and Financial sector of $170K to $283K (average $226K).
SHRM reports the average U.S. CMO salary at $175K, while the CTO average is $147.5K. By applying this ratio to the average Banking and Financial sector CTO salary in China, we can calculate that if CTOs make $226K, then CMOs make approximately $268K.
KEY FINDING: It is estimated that Chinese CTOs make $226K and CMOs make approximately $268K.
Globally, the average CIO salary is $207K, CTO is $162K, and CDO is $189K. By applying these ratios to the salary information of Chinese CIOs and CTOs in the Banking and Financial sector, if CIOs make $386K, then CTOs would earn approximately $302K. In the Technology sector, if the CIO make $200K, then the CTO would make $157K.
KEY FINDING: Chinese CTOs earned between $157K in the Technology sector and $302K in the Banking and Financial sector.
BONUSES & BENEFITS
In addition to the above, C-level executives are also compensated with stock options. Another thing to note is that employees can earn performance bonuses, medical and life insurance, cell phones, housing, and/or a company car. In China, up to 25% of C-level salaries can be attributed to bonuses.
CONCLUSION
To wrap it up, it is estimated that Chinese CTOs make $226K and CMOs make approximately $268K. Chinese CIOs earned between $157K to $302K in the Technology sector. Thanks for using Wonder! Please let us know if we can help with anything else!