IT Salaries on the Rise

IT Salaries on the Rise

Posted:Feb 03,2015

IT professionals last year earned their largest annual salary increases since 2008, according to a new research that took place after two straight years of wages remaining nearly flat. IT specialists on average garnered salary increases of more than 2 percent, boosting their average annual wage to $81,327, from $79,384 in 2010. This was according to a survey in 2012-2011 Salary Survey from Dice, an online career site for technology professionals, found that U.S. According to the study, the average bonus, $8,769, and the number of technology professionals receiving bonuses, 32 percent, also saw increases from 2010. The research further added that Industries most likely to pay out bonuses include telecom, hardware, banking, utilities/energy and software. According to senior vice president at Dice, Tom Silver, compensation has mustered some momentum, as more and more top tech markets are notching increases in pay. The increasing popularity of bonuses shows companies are rewarding their top performers. For the first time since the survey began about a decade ago, In Silicon Valley, ranked second only to Houston as the best place for IT jobs nationwide, annual salaries topped six figures. According to the study, Silicon Valley's annual IT salary of $104,195 was the highest in the nation, and increased 5 percent from 2010. With 38 percent of tech professionals receiving an average of $12,450, Bonuses also are fatter and more frequent there. With a 13 percent jump in pay, to an average of $89,419, the research revealed Austin, Texas, saw the largest salary increase. But it wasn't just the IT-rich Silicon Valley that recorded a jump in salary increases. Portland, Houston, Washington, D.C., Chicago, Seattle, Denver, Dallas, New York City and Los Angeles are some of the other cities experiencing increased salary growth.

Comment! Share your views...

Read Comments

    No Comments yet, be the first to post a comment !