PayPal Holdings, Inc PayPal Names Archie Deskus as Chief Technology Officer

In contrast, the Chief Operating Officer oversees all company operations, including revenue streams, employee retention, customer satisfaction and the organization of departments. It is important to note that Chief Technology Officers and Chief Operating Officers may work closely together to maximize productivity among company employees. The CTO represents the external face of a company, which requires them to have an open and engaged relationship with vendors, customers, investors and partners. While there are no specific certifications geared to CTOs, individuals seeking a CTO role should also pursue certifications in areas such as project management, development, programming or database administration. Organizations must think innovatively to compete in a highly skilled market.

cto responsibilities

Instead, all CTOs have to become technical visionaries and step away from the keyboard. EliteBrains offers top-line freelance and CTO-as-a-service solutions to scale and grow a startup or small company. We make it easy, cost-effective, and risk-free to find the best talent for your software projects. They work closely with the development of a product concept and turn it into reality. Hiring a freelance CTO is the best investment for startups and small organizations.

CTO Chief Technology Officer Job Description Examples

CTOs are responsible for building technological products/services that meet the customer needs. The role of a CTO requires constant research for high-tech solutions to improve the company’s product/services. They manage engineers and developers who design the products/services and evaluate the appeal and functionality of the final product/service versions. Once you graduate, your technical capabilities will perfectly align with your newly obtained leadership skills and strong business acumen. Lesson “Communicating with all Stakeholders” in Module 1 of the Academy’s Digital MBA for Technology Leaders delivers practical insights, best practices and how-to guides for this vital skill of every successful CTO. Alternatively, refer to this section of the blog post explaining the responsibilities of technology leaders in start-ups and fast-growth companies.

cto responsibilities

Like any effective marketing tool, the final purpose of the job description is to have qualified readers (in this case, potential applicants) take the next step in your hiring process. Be clear when describing the application process and set expectations for the interview process and timeframe for hiring if that information is available. As the role of a CTO changes according to the stage of that company’s life-cycle, we’ll briefly detail how a CTOs responsibilities may change. If a small startup CTO works well, the company may grow quickly and the role of CTO will change significantly. A CTO is usually the person in charge of the organization’s technological needs as well as its research and development (R&D). Sometimes known as a Chief Technical Officer, this individual thoroughly examines the short and long-term needs of an organization.

Master’s Degree or Higher Education

You can find a more detailed overview of required skills, qualifications and relevant experience in this blog post that explains what makes a good CTO in more depth. The truth is, they are equally important and when you check the list of desired qualifications and experience requirements, you’ll understand why. Therefore, Chief Technology Officers can become your swiss army knife no matter the size and age of the organization.

To this end, it’s important that CTOs are open-minded when building their teams. During her time as CTO, Maler has “witnessed the power of diverse perspectives in driving innovation and problem-solving”. It won’t have escaped your notice that there’s plenty of hype around artificial intelligence right now. Hype is custom ai solutions the operative word, because it’s vital that CTOs don’t allow the latest technology trends, no matter the buzz around them, to cloud their decision-making. CTO’s must push for change in all parts of a business, where they see it needed, and also have to motivate people, both internally and externally, to do this.

CTO Job Description with Responsibilities, Qualifications and Salary Breakdown

According to the Spiceworks 2023 state of IT report, around 51% of companies intend to raise their IT budgets in 2023, while only 6% plan to reduce their expenditure on technology. In many ways, the rise of these new C-suite positions has heaped more pressure on the CIO than the CTO. Most definitely, says Dave Bishop, CTO at lovethesales.com, who says responsibilities vary greatly depending on the maturity of the company. The CTO title is common in startup and scale-up organisations that are using technology to help the business grow quickly.

As an enterprise CTO, it is important to create and execute a technology plan that supports the overall goals of the entire organisation. This involves recognising new technologies and advancements that can help the business expand and gain a competitive edge on a larger scale, which may not be feasible for smaller or rapidly growing companies. Thus, organizational leaders establish their image of the technological future of the company and identify the objectives for the team.

CTO Responsibilities

We’ve also found that many professionals initially overlook the value of an MBA. Many potential CTOs start with a technical background with the intent of becoming an engineer or other specialist. It may not have occurred to them to seek out business, finance, or marketing education. However, without these holistic business credentials, it can be difficult – if not impossible – to move into the upper echelons of a company’s management.

cto responsibilities

CTOs can step in to address technical problems, are well-versed in a wide range of tools and technologies, and are aware of the expertise the team possesses. CTOs are in more demand for company leadership, according to the US Bureau of Labor Statistics. As a result, employment is predicted to increase by 10% between 2019 and 2029. It makes technology management one of the fastest-growing job markets, compared to the overall job growth rate of 4%. The CTOs of yesteryear tended to be geeks (in the most complimentary sense of the word). The prototypical CTO had a technology engineering background and battle-hardened experience in the trenches of various IT implementations.

CTO Job Description Template

Whether overseeing infrastructure or developing IT strategy for business enablement, CTOs play a critical role in the success of today’s tech-driven organizations. When you’ve finalized the CTO job description and are ready to officially launch your search for a CTO, find great candidates by posting the job for free on Monster. Although a four-year or advanced degree will lay the foundation for the CTO role, future CTOs will have to work their way up the IT ranks. Individuals may need five to 10 years of experience in IT, according to Indeed. With this experience, they may enter a leadership role, executive role or some other executive position where they can gain leadership experience. Roughly 15+ years of experience in a tech role are critical to climbing the corporate ladder and becoming CTO.

  • Glassdoor reports that a recently placed CTO snared a £200,000 annual salary, plus a £50,000 annual bonus.
  • You can find a more detailed overview of required skills, qualifications and relevant experience in this blog post that explains what makes a good CTO in more depth.
  • This pay can range anywhere between £46,000 to £193,000 depending on experience.
  • Their professional experiences enable them to oversee company operations and identify areas to implement new IT systems or technologies.

A freelance CTO comes with many benefits, including the ability to find an appropriate specialist in your industry and hiring temporarily at lower rates. CTOs also need to have a number of soft skills as well, including strong communications and collaboration. These executives work with many people across various functions, and the ability to collaborate well is essential. Some CTOs are also responsible for managing research and development initiatives and overseeing intellectual property at their organizations. In most cases, that’s the pinnacle of a tech professional’s career and there are a lot of challenges to get there. From identifying what degrees or certifications you need to figuring out what position you should hold next, you’re going to overcome a lot as you aspire to that executive status.

Roles & Responsibilities of a CTO

Established companies often look for this branch of CTO, very seldom startups. They should be experienced with handling large or multiple departments and investigating and implementing cutting-edge technology. Sign up today to receive our FREE report on AI cyber crime & security – newly updated for 2023.

However, CTOs are increasingly prized for their knowledge of pioneering areas of technology, such as digital products, technical vision and research and development (R&D). Today, leaders at companies of all sizes and in all industries understand the necessity of taking a big-picture view of technology’s impact on their businesses now and in the future. The CTO’s job is just that—marrying technological expertise with strategic business know-how to ensure that companies make technology investments that drive growth. CTOs in startups will, of course, have a significant impact on the technical infrastructure of their businesses.

However, they should always be ready for a new focus and stay on the lookout for new technological innovations. And even if a company can afford a full-scale team, the CTO should become the backup for any roles that cannot be filled immediately. Thus, security issues, testing, and app architecture may also end up in the hands of CTOs.

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