The CTO Handbook/Job Manual: A Wealth of Reference Material and Thought Leadership on What Every Manager Needs to Know to Lead Their Technology Team
The following represents statistics for CIO changes and salary, according to Janco Associates.
| CIO Compensation by Industry | 2002 | 2003 |
|---|---|---|
| Insurance/real estate/legal | $255,975 | $223,897 |
| Computer-related | $228,338 | $209,574 |
| Manufacturing/process industries | $213,280 | $176,769 |
| (noncomputer-related) | ||
| Education | $145,384 | $126,172 |
| SOURCE: Janco Associates | ||
The Diminished CIO
The numbers tell a sad story
22% of CIOs in 2003—as opposed to 11% in 2002—are now reporting to CFOs
IT budgets declined or were flat for four consecutive quarters (through Q2 2003)
84% of CIOs say their IT function is being budgeted as a cost center
7 out of 10 companies are currently outsourcing some type of IT operation, which is predicted to jump to 100% in 2006
Average large company CIO compensation dropped 16% from $434,000 in 2001 to $363,000 in 2003
SOURCES: 2002/2003 "The State of the CIO" surveys, PricewaterhouseCoopers, Wendover-Global Insight IT Spending Index, Meta Group, Janco Associates
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