As businesses expand in scope and become more global, their technological management becomes more important. Chief technology officers (CTOs) are responsible for the overall technological direction of an organization. These professionals are becoming more important in the management of companies and are increasingly part of the executive team. If your goal is to become a CTO, enrolling in an MBA program with a specialization in Information Technology Management can help you prepare for this career.
According to the U.S. Bureau of Labor Statistics (BLS), employment of top executives, such as chief technology officers, will grow steadily in coming years. Job growth will occur as businesses’ technology needs become more complex. Individuals with strong business management skills and experience should have the best job prospects. Competition for jobs at the highest management level will be strong and candidates with advanced degrees may have an advantage.
CTOs generally report to the chief executive officer. They are responsible for establishing a company’s technical vision and leading all aspects of technology development, according to its strategic direction and growth objectives.
Specific duties include:
According to the Robert Half Technology 2015 Salary Guide, CTOs in the United States earn average starting salaries ranging from $137,500 to $220,250 a year. That represents a 5.8% increase over the 2014 range.
Salary levels, like employment opportunities, are typically commensurate with education, professional credentials and experience; those holding advanced degrees and with extensive experience are more likely to earn salaries at the top end of the range.
Most CTO positions require at least a bachelor’s degree, with extensive IT management experience. Competition for positions at top employers is strong, and preference is often given to candidates with a master’s degree.
IT professionals who seek to advance their careers to a chief technology officer position can improve their prospects by earning an MBA with a specialization in Information Technology Management. Coursework typically includes managerial economics, management information systems, global information technology management, and strategic management of technology and innovation.
Professionals who have earned an MBA with a specialization in Information Technology Management should be able to:
Becoming a chief technology officer may be an objective for individuals with technical and leadership skills, as well as a firm grasp on the challenges businesses face today. Earning an MBA with a specialization in Information Technology Management can position you for a rewarding career as a chief technology officer.
