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Nice work if you can get it

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Nice work if you can get it

2014 salary survey shows IY pays well.

According to InformationWeek's annual IT Salary Survey, IT pays well and pay rose modestly in the past year.  U.S. IT professionals' median total compensation hit $92,000 for staffers and $120,000 for managers, while base salaries are $88,000 for staffers and $112,000 for managers.  Staffers also report a median raise of 1.6% in total compensation from last year, while managers received 2.4%.  In addition, the research report shows IT pros are getting more secure and confident in their job prospects and the IT career path as the economy and employment picture improve.

"IT pros know there's not one tech job market. Pay varies by skills, industry, geographies, and, it still seems, gender," InformationWeek editor Chris Murphy says.

"IT pros know there's not one tech job market."

Key research findings:

  • Faith in IT careers has rebounded. Forty-eight percent of staffers think the path is more promising than it was five years ago, a 15-point jump from 2011, and 55% of managers think it's more promising, also a 15-point increase.
  • Different job factors motivate different people. InformationWeek listed 24 job-satisfaction drivers and asked which seven are most important. No single factor was chosen by half of respondents, showing that there's no one-size-fits-all approach to keeping employees happy. Staffers cite base pay most often (48%), while managers cite having their opinions and knowledge valued (46%).
  • A gender gap remains. Male staffers make about 16% more in median total compensation than females; male managers make about 11% more.
  • The industry an IT pro works in has a big impact on pay. IT managers on Wall Street and in the biotech, energy, consumer goods, financial services, IT and electronics, and consulting industries earn the most, all topping $140,000 in median total compensation, while IT managers in education, nonprofits, and state and local government earn the least, at $94,000 median pay or less.

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For the full report, click here.

 

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