A person working as a Chief Executive Officer in Canada typically earns around 268,000 CAD per year. Salaries range from 131,000 CAD (lowest) to 418,000 CAD (highest).
This is the average yearly salary including housing, transport, and other benefits. Chief Executive Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Executive Officer salaries in Canada range from 131,000 CAD per year (minimum salary) to 418,000 CAD per year (maximum salary).
The median salary is 273,000 CAD per year, which means that half (50%) of people working as Chief Executive Officer(s) are earning less than 273,000 CAD while the other half are earning more than 273,000 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Chief Executive Officer(s) are earning less than 182,000 CAD while 75% of them are earning more than 182,000 CAD. Also from the diagram, 75% of Chief Executive Officer(s) are earning less than 352,000 CAD while 25% are earning more than 352,000 CAD.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Chief Executive Officer salaries by experience level and this is what we found.
A Chief Executive Officer with less than two years of experience makes approximately 156,000 CAD per year.
While someone with an experience level between two and five years is expected to earn 200,000 CAD per year, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 276,000 CAD per year, 38% more than someone with two to five years of experience.
Additionally, Chief Executive Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 342,000 CAD per year, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 366,000 CAD per year, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 391,000 CAD per year, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Chief Executive Officer salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Chief Executive Officer is 151,000 CAD per year.
While someone with a Certificate or Diploma gets a salary of 180,000 CAD per year, 19% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 229,000 CAD per year, 27% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 349,000 CAD per year, 53% more than someone with Bachelor's Degree.
PhD holders are compensated with wage equivelant to 415,000 CAD per year, 19% more than someone with Master's Degree.
|Certificate or Diploma||+19%|
A Master's degree program or any post-graduate program in Canada costs anywhere from 49,800 Canadian Dollar(s) to 149,000 Canadian Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chief Executive Officer employees in Canada earn 5% more than their female counterparts on average.
Chief Executive Officer(s) in Canada are likely to observe a salary increase of approximately 15% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Canada for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Chief Executive Officer is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Chief Executive Officer is 66% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.
|Job Title||Average Salary|
|Account Coordinator||116,000 CAD||-57%|
|Administration Manager||138,000 CAD||-48%|
|Area Manager||129,000 CAD||-52%|
|Asset Protection Associate||144,000 CAD||-46%|
|Assistant Director||144,000 CAD||-46%|
|Assistant Manager||146,000 CAD||-45%|
|Assistant Operations Manager||154,000 CAD||-43%|
|Assistant Project Manager||147,000 CAD||-45%|
|Assistant Section Head||120,000 CAD||-55%|
|Assistant to CEO||133,000 CAD||-50%|
|Assistant Vice President||149,000 CAD||-44%|
|Associate Director||136,000 CAD||-49%|
|Bid Manager||167,000 CAD||-38%|
|Branch Manager||147,000 CAD||-45%|
|Business Development Manager||174,000 CAD||-35%|
|Business Operations Associate||147,000 CAD||-45%|
|Business Operations Lead||142,000 CAD||-47%|
|Campaign Manager||160,000 CAD||-40%|
|Chairman of The Board||253,000 CAD||-6%|
|Chairman Office Manager||173,000 CAD||-35%|
|Chief Corporate Officer||227,000 CAD||-15%|
|Chief Executive Officer||268,000 CAD||+0%|
|Chief Financial Officer||243,000 CAD||-9%|
|Chief of Staff||122,000 CAD||-54%|
|Chief Operating Officer||209,000 CAD||-22%|
|Chief Risk Officer||180,000 CAD||-33%|
|Client Services Manager||168,000 CAD||-37%|
|Commercial Project Manager||147,000 CAD||-45%|
|Commodity Broker||115,000 CAD||-57%|
|Corporate Affairs Executive||162,000 CAD||-40%|
|Corporate Compliance Director||170,000 CAD||-37%|
|Corporate Director||186,000 CAD||-31%|
|Corporate Officer||127,000 CAD||-53%|
|Corporate Partnerships Officer||124,000 CAD||-54%|
|Country Manager||202,000 CAD||-25%|
|Deputy Director||199,000 CAD||-26%|
|Director of Accreditation||175,000 CAD||-35%|
|Director of Catering Services||164,000 CAD||-39%|
|Director of Client Services||170,000 CAD||-37%|
|Director of Facilities Management||141,000 CAD||-47%|
|Director of Operations||175,000 CAD||-35%|
|Director of Process Simplification||139,000 CAD||-48%|
|Director of Project Management||183,000 CAD||-32%|
|Director of Revenue Management||165,000 CAD||-38%|
|Director of Training and Development||178,000 CAD||-34%|
|Distribution Manager||179,000 CAD||-33%|
|Division Manager||155,000 CAD||-42%|
|Duty Manager||157,000 CAD||-41%|
|Engagement Manager||191,000 CAD||-29%|
|Executive Director||268,000 CAD||+0%|
|Executive Manager||214,000 CAD||-20%|
|Franchise Manager||217,000 CAD||-19%|
|General Manager||220,000 CAD||-18%|
|Global Master Data Manager||194,000 CAD||-28%|
|Head of Middle Office||175,000 CAD||-35%|
|Head of Projects||176,000 CAD||-34%|
|Head of Sustainability||156,000 CAD||-42%|
|Housing Manager||149,000 CAD||-44%|
|HSE Manager||152,000 CAD||-43%|
|Key Account Manager||148,000 CAD||-45%|
|Knowledge Manager||179,000 CAD||-33%|
|Location Manager||173,000 CAD||-35%|
|Logistics Manager||136,000 CAD||-49%|
|Management Consultant||141,000 CAD||-47%|
|Management Executive||191,000 CAD||-29%|
|Managing Director||221,000 CAD||-17%|
|MIS Executive||172,000 CAD||-36%|
|Ocean Services Manager||192,000 CAD||-28%|
|Operations Assistant||128,000 CAD||-52%|
|Operations Director||192,000 CAD||-28%|
|Operations Executive||199,000 CAD||-26%|
|Operations Manager||207,000 CAD||-23%|
|Operations Supervisor||166,000 CAD||-38%|
|Policy Administration Executive||150,000 CAD||-44%|
|Private Sector Executive||155,000 CAD||-42%|
|Product Development Manager||184,000 CAD||-31%|
|Product Executive||165,000 CAD||-38%|
|Production Executive||181,000 CAD||-32%|
|Production Manager||184,000 CAD||-31%|
|Production Supervisor||157,000 CAD||-41%|
|Program Manager||186,000 CAD||-31%|
|Programme Coordinator||129,000 CAD||-52%|
|Project Control Manager||180,000 CAD||-33%|
|Project Coordinator||107,000 CAD||-60%|
|Project Management Officer||123,000 CAD||-54%|
|Project Manager||140,000 CAD||-48%|
|Project Portfolio Manager||145,000 CAD||-46%|
|Quality Manager||142,000 CAD||-47%|
|R/D Director||161,000 CAD||-40%|
|Regional Director||251,000 CAD||-6%|
|Regional Manager||191,000 CAD||-29%|
|Relationship Manager||170,000 CAD||-37%|
|Retail District Manager||132,000 CAD||-51%|
|Revenue Manager||136,000 CAD||-49%|
|Risk and Capital Manager||213,000 CAD||-20%|
|Risk Officer||134,000 CAD||-50%|
|Safety Manager||137,000 CAD||-49%|
|Section Head||140,000 CAD||-48%|
|Service Manager||138,000 CAD||-48%|
|Shift Supervisor||114,000 CAD||-57%|
|Solutions Manager||133,000 CAD||-50%|
|Supply Chain Manager||182,000 CAD||-32%|
|Technical Manager||179,000 CAD||-33%|
|Territory Manager||179,000 CAD||-33%|
|Validation Manager||156,000 CAD||-42%|
|Vice President||224,000 CAD||-16%|
|Zone Manager||181,000 CAD||-32%|
|British Columbia||311,000 CAD|
|New Brunswick||257,000 CAD|
|Northwest Territories||284,000 CAD|
|Nova Scotia||269,000 CAD|
|Prince Edward Island||230,000 CAD|
Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.