What does a CTO do
Chief Technology Officer CTO: job description, career opportunities, earnings
Job description: What does a Chief Technology Officer do?
The CTO of a technology-oriented company has a wide range of tasks. On the one hand, he takes care of the current state of the company's technology and technology. He is the link between company management, IT departments and other departments.
On the one hand, the CTO must monitor that the information technology infrastructure is functioning smoothly in the present and in the future. But he also works very closely with the CEO, the Chief Executive Officer. He controls virtually all of the technical processes. In addition to monitoring technical developments, he must also be a visionary for the future. He must know the market and must be able to guess and work out the direction in which this market will develop.
Another task of CTOs is human resource responsibility. You are responsible for team building and for the professional qualification of employees. In addition, they delegate projects and individual tasks to the employees in the development department and manage their timely implementation. CTOs conduct job interviews, hire applicants for technical development and they also lay off staff. You are also responsible for promotions in the technical areas.
But that's not all, because CTOs are also responsible for external contacts. You are in the field service in partner and customer contact, visit trade fairs and plan the presentation of your own company together with the marketing and sales departments. In addition, there is the planning of the annual budget for the IT infrastructure. What hardware and software needs to be purchased and which implementations are planned?
This activity basically combines two professions in executive management in one. This is on the one hand that of the Chief Information Officer and on the other hand that of the Chief Science Officer. However, it depends on the structure of the individual company. There are large companies that employ both a CTO and a CIO. The CTO reports to the board of his company and he also delegates its instructions to his staff. He himself is a member of the management team.
Chief Technology Officer: The requirements
In order to be able to work in the position of CTO, you should ideally have many years of professional experience as a developer. A degree in business informatics or business administration is also an advantage or almost mandatory. Technology managers need experience in product management, purchasing and sales.
As a manager, he has to know the realities of the relevant market well. But he must also be able to anticipate the technical development that the market will take in the next few years and even in the future. This means that this activity requires core competencies in all areas of the specific industry. In addition, there is an almost visionary imagination of what the market in Germany, Europe and globally the day after tomorrow will look like.
It must be possible to delegate personnel and therefore knowledge of personnel management should also be available. It's a great job, but also a very great responsibility that he has towards the board and management of his company. Some technical directors also worked in consulting before, which suits this new position very well. It is almost impossible to get offers for jobs as CTO immediately after graduation. After all, extensive professional experience of several years in development in technology management is essential for these jobs.
As a CTO you should bring these skills with you:
- Several years of experience as a developer
- Degree in business informatics or a comparable degree
- Ability to lead people
- Core competencies in IT infrastructure
- Market-specific core competencies
- Excellent presentation and calculation skills
- Sense of market development
The salary: what does a CTO earn?
At first glance, the technical director earns not badly, because in Germany he already has an average gross salary of 10,000 euros per month at the beginning. That sounds like a lot at first, but if you look at the wide range of tasks in these jobs, it quickly becomes relative.
Because it is not just the diverse tasks that justify this salary. Technical managers of the IT infrastructure also have a huge responsibility with regard to technical development.
Salaries vary depending on the industry, size of the company and length of service with the company. So the good salary is justified and the technical manager earns it through hard work. Overtime and weekend work are the order of the day for him. The salary of this executive manager can rise to 12,500 euros per month after a few years of service.
Entry opportunities: What is the job market like for the CTO?
It actually looks like Germany is looking for more technical directors for high-quality jobs than there are qualified employees. This is due to the immense range of tasks that these jobs entail. It is simply not enough to be a proven developer and have studied business informatics. You have to know the industry-specific market very well. In particular, many larger start-ups, but also established companies, place job offers.
Which employers employ the Chief Technology Officer?
Very small companies usually cannot afford this technical manager. It is medium-sized companies and global players who are looking for CTOs and who are hiring them. Many companies in the IT industry absolutely need this planner and executive manager in order to be able to establish and hold onto the market in the long term.
Typical employers can be found both in the actual IT sectors. But other companies also keep offering job offers for CTOs. These technical directors work, for example, in the transport and logistics sectors, in all production areas and in health management. Actually, there is no company with its own IT infrastructure that can do without this valuable employee on the management team.
The career opportunities for chief technology officers in management
As an employee directly responsible for the company's board of directors, the head of technology, development and IT infrastructure has already achieved a high position in the management of his company. Nevertheless, he can still make a career by working in an even larger company on the one hand. On the other hand, he can at some point set up his own company or as a co-founder. The technical director, also known as the technical director, runs little risk of remaining unemployed if he should ever be looking for a job.
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