Average Chief Technology Officer Salary in Micronesia for 2024

In this article, we will look at the average Chief Technology Officer salary for 2024 in Micronesia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Chief Technology Officer Make in Micronesia?

A Chief Technology Officer working in Micronesia will typically earn around 24,800 USD per year, and this can range from the lowest average salary of about 13,540 USD to the highest average salary of 39,160 USD.

Average Annual Salary
24,800 USD
Average Monthly Salary
2,066 USD

Lowest Annual Salary
13,540 USD
Lowest Monthly Salary
1,128 USD

Highest Annual Salary
39,160 USD
Highest Monthly Salary
3,263 USD

These are average salaries for a Chief Technology Officer in Micronesia and include benefits such as housing and transport. It's also possible for a Chief Technology Officer to earn more or less than the average salaries shown above.

Chief Technology Officer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Chief Technology Officer Salaries in Micronesia

So we've looked at the average salaries a Chief Technology Officer will earn in Micronesia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Chief Technology Officer can earn between 13,540 USD and 39,160 USD on average in Micronesia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Chief Technology Officer in Micronesia is 22,340 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 22,340 USD, and 50% of the population earn more than 22,340 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Chief Technology Officer salary in Micronesia, 25% of the population are earning less than 17,620 USD while 75% of the population earn more than 17,620 USD.

75% of the population earn less than 30,800 USD, and 25% of the population earn more than 30,800 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Chief Technology Officer Salary by Experience Level in Micronesia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average chief technology officer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Chief Technology Officer in Micronesia that has less than two years of experience can expect to earn somewhere in the region of 14,920 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Technology Officer salary would increase to 18,940 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Technology Officer, the average salary would be 27,020 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 30,220 USD.
  • 15 - 20 Years Experience. A Chief Technology Officer with 15 to 20 years of experience can earn an average of 34,980 USD.
  • 20+ Years Experience. For a Chief Technology Officer with more than 20 years, the expected average salary increases to 34,280 USD.

Average Salary by Experience Chart

0-2 Years
14,920 USD
2-5 Years +34%
18,940 USD
5-10 Years +30%
27,020 USD
10-15 Years +21%
30,220 USD
15-20 Years +9%
34,980 USD
20+ Years +5%
34,280 USD

Chief Technology Officer Salary by Education Level in Micronesia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Chief Technology Officer in Micronesia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Chief Technology Officer in Micronesia with a certificate or diploma education can earn an average salary of 18,780 USD.

  • Bachelor's Degree. A Chief Technology Officer in Micronesia with a bachelor's degree education can earn an average salary of 25,160 USD.

  • Master's Degree. A Chief Technology Officer in Micronesia with a master's degree education can earn an average salary of 36,580 USD.

Average Salary by Education Chart

Certificate or Diploma
18,780 USD
Bachelor's Degree +52%
25,160 USD
Master's Degree +42%
36,580 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Micronesia is around 7,020 to 21,100 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Chief Technology Officer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Micronesia, a male chief technology officer will earn an average of 25,160 USD, while a female chief technology officer will earn around 24,820 USD.

This means that a male chief technology officer earns approximately 1% more than a female chief technology officer for performing the same job.

Average Salary by Gender Chart in Micronesia

Male
25,160 USD
Female -1%
24,820 USD

Chief Technology Officer Average Pay Raise in Micronesia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Chief Technology Officer in Micronesia is around 9% every 30 months.

The national average pay raise across all professions and industries in Micronesia is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 30 ) × 12  = 4%

What this means is that a Chief Technology Officer in Micronesia can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Micronesia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Micronesia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Chief Technology Officer Bonus and Incentive Rates in Micronesia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Chief Technology Officer is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
36%
No Bonus
64%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Micronesia earn approximately 4% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +4%
16,400 USD

Salaries for Jobs Similar to a Chief Technology Officer

In the table below, we have salary information for jobs that are similar to a Chief Technology Officer in Micronesia.

Job Title Category Salary
Access Operation Team Leader Telecommunication 16,340 USD
Audio Visual Installer Telecommunication 8,420 USD
Broadband Technician Telecommunication 8,960 USD
Customer Implementation Support Telecommunication 10,100 USD
Fiber Optic Technician Telecommunication 7,240 USD
Mobile Data Coordinator Telecommunication 7,080 USD
OSP Site Supervisor Telecommunication 12,300 USD
Retention Executive Telecommunication 22,540 USD
RF Engineer Telecommunication 17,020 USD
Sales Director Telecommunication 26,780 USD
Sales Engineer Telecommunication 17,540 USD
Technical Support Engineer Telecommunication 15,880 USD
Telecom Chief Engineer Telecommunication 16,340 USD
Telecom Specialist Telecommunication 16,980 USD
Telecommunication Consultant Telecommunication 18,940 USD
Telecommunication Dispatcher Telecommunication 7,620 USD
Telecommunication Equipment Engineer Telecommunication 13,540 USD
Telecommunication Logistics Supervisor Telecommunication 12,520 USD
Telecommunication Product Manager Telecommunication 19,220 USD
Telecommunication Project Coordinator Telecommunication 9,140 USD
Telecommunication Project Manager Telecommunication 19,200 USD
Telecommunication Service Delivery Manager Telecommunication 23,520 USD
Telecommunication Service Management Coordinator Telecommunication 16,140 USD
Telecommunication Solution Architect Telecommunication 20,940 USD
Telecommunication Surveyor Telecommunication 6,280 USD
Telecommunication Team Leader Telecommunication 17,540 USD
Telecommunication Technical Manager Telecommunication 19,200 USD
Telecommunication Technician Telecommunication 5,960 USD
Telecommunications Analyst Telecommunication 18,780 USD
Telecommunications Assistant Manager Telecommunication 19,480 USD
Telecommunications Chief Engineer Telecommunication 16,880 USD
Telecommunications Engineer Telecommunication 14,820 USD
Telecommunications Engineering Specialist Telecommunication 17,100 USD
Telecommunications Equipment Installer Telecommunication 8,960 USD
Telecommunications Facility Examiner Telecommunication 8,560 USD
Telecommunications Line Installer Telecommunication 7,300 USD
Telecommunications Manager Telecommunication 27,480 USD
Telecommunications Network Engineer Telecommunication 17,620 USD
Telecommunications Technician Telecommunication 7,620 USD

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