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Why CIO pay is increasing

July 8, 2024
Becker's Hospital Review
Summary
CIO pay is on the rise, driven by the increasing importance of artificial intelligence in the tech industry. Data from Janco Associates reveals a 7.48% increase in CIO compensation at large enterprises and 9% at midsize enterprises over the past year, mirroring the demand for leaders proficient in AI. With median base salaries now over $220,000 for large enterprises and near $210,000 for midsize ones, total compensation packages can range between $1.5 million and $1.8 million. This rise in pay also aligns with more CIOs reporting directly to the CEO, signifying their growing leadership roles within companies.
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