February 25, 2014
Great news for technology professionals! Salaries are going up and unemployment remains
low, according to Dice’s Tech Salary Survey. The average salary for technology professionals has grown over $20,000 in the past 10 years and is around $87,500, a three percent increase from 2012.
With about two-thirds of IT professionals feeling confident they can easily progress their career, the competitive market leads to a boost in pay increases and employers are recognizing that they need to find ways to retain their employees.
Last year, about 45% of tech professionals said they had a pay increase sparked by a merit raise. And, ever more interesting, trends show that pay increases are more likely to happen early in a technology professional’s career with bonuses being given to more tenured professionals. But, either way, tech professionals usually can look forward to some sort of
compensation increase!
So where can IT professionals look at earning the most money?
- California still holds the top position thanks to Silicon Valley. On average, a tech’s salary is about $108,000. That is a 7.25% increase from last year!
- Minneapolis ranks 16 in the United States for highest paid metropolitan area with professionals
earning around $87,000 a year. - Chicago is right behind them with salary averages around $85,000.
- St. Louis is ranked 29th with an average of $76,000.
The Skills That Are Paying Big Money
There have been many recent articles published about the top skills that IT professionals should have in 2014. Big data is the most talked about skill and these professionals have the highest pay checks. Companies understand the importance of big data and that it plays a major role in their competitive plans, which leads to higher pay—a solid six-figure salary.
What other skills are paying a six-figure salary?
Cloud, mobile, DevOps, design, and project management are also great skills to have this year that can help ensure a healthy yearly salary.
Posted By: Danielle Toste