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How to Become a Chief Technology Officer (CTO) - YouTube
Channel: 365 Data Science
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can you become a cto not sure what is
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required for a cto position
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this state of confusion is common in the
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tech industry due to a lack of detailed
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and up-to-date information
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so to address this we reverse engineered
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the job descriptions provided by
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employers for the cto position
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to find out the key patterns and skills
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one needs for the role today
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for this analysis we have extracted
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close to 150 job ads from various job
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boards in the usa
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unlike our previous analyses on other
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popular career paths
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this one is going to be a little unusual
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as cto is more of an executive role
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and although it is a known fact that a
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cto would be more hands-on in technical
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operations of an
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organization it is challenging to
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present the ideal technologies required
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for
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cto because every company has its own
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specific requirements
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nevertheless there are quite a few
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non-technical skills that are listed as
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crucial by almost all companies
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and hopefully by the end of this video
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you have a clear idea of what you need
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to kick-start your career as a cto
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as part of this analysis we did our best
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to find the answers to the most
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important questions
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every aspiring cto needs to know one
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what are the companies with more
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openings two which are the locations
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with a higher concentration of job
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offers
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three what education is expected for a
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cto role
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four what is the ideal experience
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required for a cto role
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five what are the skills a typical cto
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should possess
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if any of the above questions are on
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your mind stay tuned
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because you'll find the answers by the
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end of this video but before we jump
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into the actual analysis
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let's quickly define the role itself who
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is a cto
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if we search through wikipedia we will
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see that a cto is the highest technology
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executive position within a company that
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leads the technology or engineering
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department
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to define the role in our own terms cto
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stands for chief technology officer
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a cdo usually handles all the technical
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related aspects of the organization
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and guides other employees in developing
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the right products or
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technology that serves the organization
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needs all right
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now that you're familiar with the
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definition of the role let's jump in to
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see what we have found while analyzing
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the data from the cto job descriptions
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starting with companies our data shows
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that there are most openings in
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microsoft at the moment
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followed by the federal reserve bank
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overall there are very few openings
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company-wise
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but this makes perfect sense since
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multiple openings for a cto role
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in a single company is very rare in
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terms of company types
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almost 33 of the job offers are from
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large scale companies with
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more than 10 000 plus employees what
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makes an impression however
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is that there are some considerable
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offers from small-scale organizations
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as well which indicates that an
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increasing number of startups
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are currently looking for ctos what
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about
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industries it is easy to spot that the
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largest number of openings belong to the
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financial services
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and information technology industries
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but
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these are far from the only options as
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there are considerable openings under
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the healthcare and education industries
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too
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next in our analysis comes location
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state wise
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we can easily draw the following
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conclusions from the data at hand
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first the majority of openings for cto
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positions are in california
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and new york second there is a
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significant number of openings from
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washington and virginia states
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so it's safe to say you now know which
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flight to book
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if you're aiming for the cto title to
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narrow things down
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let's take a look at the cities with the
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most cto offers at the moment
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currently the best opportunities are
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undisputedly in new york city
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however don't rule out san francisco and
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redmond as data suggests they offer a
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reasonable number of openings too
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okay we have mapped out the best
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industries companies
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and locations to consider if you have
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set your site on the cto role
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so now it's time to take a good look at
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the education
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experience and skills required by
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employers
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let's begin with education what degree
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do you need to fulfill the cto position
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according to the data almost 50 of job
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offers mention bachelor as the required
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degree for the cto position
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however the master's degree is mentioned
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in almost the same number of offers as
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bachelors
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so that might be a trend worth following
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up in the future
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on the other hand very few companies are
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expecting phd candidates for the cto
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position
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probably because business acumen and
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experience are considered more important
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for that dynamic role
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what about specialization well the
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majority of the companies have listed
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computer science as the preferred
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educational background for cto
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other more prominent fields of
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concentration include mathematics ee
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and statistics and we've got you covered
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we developed the 365 data science
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program to help people of all
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backgrounds enter the field of data
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science
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machine learning and data analytics we
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have trained more than five
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hundred thousand people around the world
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and are committed to continue doing so
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if you are interested to learn more you
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can find a link in the description that
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will also give you a special offer
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on all of our plans back to our topic
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let's talk about the experience you need
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to become a cto
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since cto is more of an executive role
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companies are looking for experienced
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candidates
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on average the overall industry
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experience expected for a cto position
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is 10 plus years besides candidates with
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relevant experience and senior roles of
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seven plus years
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are preferred by the companies all right
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it's time to dive into the practical
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aspect of the cto role
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skills our research outlines six
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distinct categories
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programming languages front-end
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technologies other technologies tools
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domain knowledge soft skills and
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communication skills
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let's start with programming languages
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as we pointed out earlier
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it has been a little difficult to find
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the default technical skills for a cto
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role
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instead we identified the current trends
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that is the most mentioned skills by
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companies
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in that case these are net c-sharp java
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sql and javascript continuing with
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front-end technologies
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two trends jump off the page first it is
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observed that front-end technologies are
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mentioned in a good number of openings
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this adds up as these days most of the
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small-scale companies are interested in
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building web-based products
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and second angular react.js and
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node.js are mentioned in quite a few
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openings
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when it comes to other technologies and
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tools companies need candidates that are
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well aware of the currently popular
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technologies like machine learning sas
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and devops aws and azure are also
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mentioned in a few offers as cloud
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technologies are
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trending in the industry these days
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naturally
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companies are expecting the candidates
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to know about certain domains as this
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helps them build the right products to
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satisfy customer needs
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so in tune with the latest developments
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and trends in business and economics
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healthcare and finance are mentioned in
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quite a few job offers
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that said the technical aspect of the
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cto job is only half of what it takes to
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move up the ladder and become one
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in fact soft skills are probably the
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most important skills for a cto position
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most of the companies are looking to
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recruit candidates with strong
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leadership qualities in managing the
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employees
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what's more many companies are expecting
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candidates for a cto role to be experts
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in the design and architecture of the
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products
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strategic thinking and an innovative
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mindset are some of the most prized
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qualities
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and are in huge demand for the role
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finally
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as we approach the end of the list of
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qualities a cto needs to possess
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we shouldn't forget that communication
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skills and soft skills
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go hand in hand as a cto you are bound
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to interact with various teams and other
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leaders in the organization
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so top communication skills are a must
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our data confirmed that with more than
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50
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of companies requiring communication
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skills now you've got a good idea about
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the skills and education required to
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become a cto
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to recap this is more of a role oriented
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job
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so if you have good knowledge in any
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domain and front-end technologies
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prior experience in a senior role and
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you're capable of handling
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an organization with good leadership
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qualities then you stand a fairly high
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chance to get an interview call for the
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cto position
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if you have any doubts or suggestions
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feel free to leave them in the comments
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we are happy to help cheers
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