CIO Association of Canada 2010 Salary Survey released to members: Women’s CIO base earnings on par with men in C-Suite IT
The CIO Association of Canada has released its second annual salary survey to members.
Among the key findings:
Women CIO average base salaries in 2010 are on par with men’s at $161,000 (up from $155,000 in 2009). In fact women had a slight edge – of about $1000 - in 2009.
While CIO average base salary is up in 2010, combined salary (salary plus bonus) is down. The average CIO salary plus bonus across Canada is $196,000 (down from $202,000 last year).
Although bonus pay is a key salary differentiator, bonuses clearly were not as big in 2010 as in 2009. A full 78% of member CIOs received a bonus or incentive payment in 2010. For CIOs that received a bonus or incentive, the average payment was $44,500 (down from $47,000 last year).
Industry is another key salary differentiator. Leading the way in CIO average combined earnings by industry are mining ($277,500), financial services ($257,900), technology ($236,600), and retail ($220,600). While the average bonus in financial services was $34,100 this year, down from $62,500 last year, banking CIOs retain the number two spot in combined earnings.
Region may be a key differentiator – Edmonton area CIOs are the top average earners within CIOCAN membership – but the sample size within this new chapter is too small to make definitive conclusions.
While most (73%) CIOs continue to be at least satisfied with their salaries, the percentage that are at least somewhat unsatisfied almost doubled - from 14% last year to 27% this year.
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