2012 IT Salary Ranges
In late January, 2013, DICE released an inclusive survey of ~ 15,000 US Information Technology specialists.
They looked at salaries based on positions, metro areas, including bonuses, and data on Big Data, and included full time workers and consultants.
The take home messages for employers are:
– it is now a much tighter market as the unemployment rate amongst tech workers is only 3.8%.
– employers are having to pay to recruit or retain talent. The market is now much
more supply driven, as demand outstrips supply.
– to retain talent, companies are handing out bonuses, performance pay increases, or enticing new talent with significantly higher salaries.
– big data workers (professionals analyzing large data streams) can “write their own tickets”.
– demand for H-1B visas for technology workers is so high this year (2013) that visas may be awarded via a lottery
(Bloomberg 3/28/13 Jeanna Smialek).
Some very interesting facts jumped out of this data:
From 2005 to 2011, salaries rose an average of 2.5% per annum.
In 2012, they rose 5.3%. This translates into an increase in the salary of an experienced specialist from $67,800 to $85,619.from 2005 to 2012.
Consultants and contractors are now earning on average $104K and $62 per hour respectively.
Re bonuses –1/3 of tech workers received bonuses – ranging from approximately $7000 for business analysts to $18,000 for upper IT management.
Highest salaries (not surprisingly) reported were in Silicon Valley (6 figures), followed by DC area, San Diego,
Boston, Seattle, with Cleveland being the lowest. Matching this, by region, the Pacific region showed the highest, North Central US the least.
The highest paid tech workers now are those in Big Data (Hadoop, NoSQL, and Mongo DB) – all over $100K, whereas for those working with cloud and virtualization, just under $90,000, and with mobile, about $80,000.
7. Salaries rose according to the level of education and higher education.
Salaries for high tech workers in Canada can be compared by referring to