How much does information technology pay? This is a question that is often asked by students who are interested in pursuing a career in information technology.
Checkout this video:
How Much Does Information Technology Pay?
Information technology is a broad field that can encompass many different job titles and responsibilities. The average salary for an information technology professional can vary depending on experience, education, and location.
In general, entry-level positions in information technology may pay less than the average salary while more experienced professionals may earn salaries above the average. Salaries for information technology professionals can also vary depending on the specific industry or sector in which they work.
The average salary for an information technology professional in the United States is $85,000 per year. Salaries for information technology professionals in other countries can vary depending on the economic conditions and cost of living in that country.
The IT Gender Pay Gap
The median hourly wage for computer and information technology occupations was $37.50 in May 2019, which was higher than the median hourly wage for all occupations of $22.99. However, there is a gender pay gap in computer and information technology occupations. The women’s median hourly wage was about 85 percent of the men’s median hourly wage in 2019.
The computer and information technology occupations with the largest gender pay gaps were computer hardware engineers ($37.50 for women compared with $52.32 for men) and computer systems analysts ($36.46 for women compared with $46.92 for men). In contrast, the computer occupations with the smallest gender pay gaps were database administrators (women’s median hourly wage was 92 percent of men’s) and web developers (women’s median hourly wage was 89 percent of men’s).
The IT Pay Gap by Region
Information technology is often thought of as a glamorous field with high pay, but the reality is that IT salaries can vary widely depending on experience, skillset, and location. In order to get a better understanding of IT pay, we decided to take a closer look at data from the Bureau of Labor Statistics (BLS).
The table below shows the median annual wage for various IT occupations in 2017, as well as the projected growth in these occupations from 2016 to 2026. As you can see, there is a wide range of salaries for IT occupations, with some jobs (such as web developer) projected to grow much faster than others (such as computer user support specialist).
Next, we wanted to see how these salaries and growth rates vary by region. The map below shows the median annual wage for IT occupations in each state, as well as the projected growth rate for these occupations from 2016 to 2026.
As you can see, there is a lot of variation in IT pay by region. For example, computer programmers in California have a median annual wage of $118,370, which is much higher than the national median wage for this occupation ($84,280). On the other hand, computer user support specialists in South Dakota have a median annual wage of just $43,660, which is much lower than the national median wage for this occupation ($50,980).
So what does this all mean? It’s important to keep in mind that these numbers are just averages – your actual salary will depend on factors such as your specific occupation, your skillset, your experience level, and the location where you work. However, if you’re looking to enter the field of IT or are considering a move to another region of the country, this data can give you a better understanding of what you can expect to earn in different parts of the country.
The IT Pay Gap by Age
Information technology is an exciting and growing field, but it’s no secret that there’s a pay gap in the industry. While the median salary for IT professionals is over $80,000, women in the field make about $7,000 less than their male counterparts, and the gap only widens with age.
So what’s causing the gender pay gap in IT? One theory is that it’s simply a result of women being underrepresented in the industry. In 2017, only 26% of professional IT jobs were held by women. With such a small percentage of women in IT, it’s not surprising that they would be paid less than men.
However, another theory suggests that the gender pay gap is caused by discrimination against women in the workplace. Studies have found that women are often judged more harshly than men when it comes to their technical skills, and are less likely to be promoted into leadership positions. Whatever the cause, the gender pay gap is a real problem in the IT industry – and one that needs to be addressed.
The IT Pay Gap by Experience
The IT pay gap refers to the difference in salary between those who work in the information technology (IT) field and those who do not. The IT pay gap is most often seen as a gender pay gap, where women are paid less than men for doing the same job. However, the IT pay gap can also be seen as a race or ethnicity pay gap, where people of color are paid less than white people for doing the same job.
There is a large pay disparity between IT workers with different levels of experience. In general, entry-level IT workers make much less than those who have been working in the field for many years. For example, in 2017, entry-level IT workers made a median salary of $52,000, while those with 20 or more years of experience made a median salary of $85,000. This means that experienced IT workers make 63% more than entry-level workers.
The IT pay gap is often attributed to the “skills shortage” in the IT field. This skills shortage means that there are not enough qualified workers to fill all of the open positions in the field. As a result, employers are able to offer lower salaries to entry-level workers because they know that there are many people who are willing to take the job for less pay. Experienced workers, on the other hand, are in high demand and can command higher salaries.
While the skills shortage is certainly a factor in the IT pay gap, it is not the only factor. Another factor is that women and people of color are often underrepresented in leadership positions in the IT field. This lack of representation means that women and people of color have fewer opportunities to negotiate for higher salaries and promotions. As a result, they are more likely to be stuck in entry-level or low-paying jobs while their white male counterparts move up into higher-paying positions.
The IT pay gap is an important issue because it perpetuates inequality in the workforce. Women and people of color already face significant obstacles when it comes to getting hired and being promoted in the workplace; The IT pay gap makes it even harder for them to earn a good living and support themselves and their families
The IT Pay Gap by Education
From fresh-faced computer science students to seasoned software developers, information technology (IT) is a broad and ever-changing field. In order to find out how pay varies across IT workers of different experience levels and educational backgrounds, we collected data from over 6,000 IT professionals across the United States.
Here’s what we found:
The average IT professional makes $87,000 per year.
IT workers with a professional degree earn $10,000 more per year than those with a bachelor’s degree.
Workers with a master’s degree earn $15,000 more per year than those with a bachelor’s degree.
The highest-paid IT workers are those with a doctorate or professional degree, who earn $102,000 per year on average.
The IT Pay Gap by Industry
The IT industry is known for its high salaries, and indeed, IT workers make more than workers in most other industries. But there is a lot of variation within the IT industry, and some industries pay much better than others.
Here are the latest figures from the Bureau of Labor Statistics on the median annual salaries of workers in various IT-related industries:
-Computer and information systems managers: $142,530
-Software developers, applications: $102,280
-Software developers, systems software: $110,000
-Web developers: $75,580
-Information security analysts: $88,590
-Database administrators: $84,950
-Computer network architects: $100,690
-Computer systems analysts: $87,220
The IT Pay Gap by Job Title
In order to get a better understanding of how much IT jobs pay, we took a look at the median salaries for IT professionals by job title. We found that there is a significant pay gap between entry-level and senior positions, with senior positions paying nearly double what entry-level positions pay.
Entry-level IT jobs have a median salary of $52,000, while senior IT jobs have a median salary of $96,000. This means that senior IT professionals make $44,000 more than entry-level IT professionals.
The IT Pay Gap by Company Size
The IT pay gap is the difference in mean hourly earnings between Information and Communications Technology (ICT) workers and all other workers. The gap is often used as a measure of gender inequality in the ICT field. In 2016, the average ICT worker earned $38.82 per hour, compared to $30.61 for all other workers—a pay gap of 27.6 percent.
The size of the IT pay gap varies by company size, with larger companies having a smaller gap. In 2016, the IT pay gap was smallest at companies with 5,000 or more employees (24.2 percent), and largest at companies with fewer than 100 employees (34.9 percent).
The IT pay gap also varies by occupation, with some occupations having a larger gap than others. In 2016, the largest gaps were in computer and information systems managers (37.9 percent), computer programmers (32.7 percent), and computer support specialists (28.8 percent).
The IT Pay Gap by Sector
Information technology is a broad field encompassing many different specialties and sub-specialties. IT professionals may work in a wide variety of industries, including healthcare, manufacturing, government, and finance. But regardless of their industry, they tend to earn good salaries.
In general, IT workers earn more than the national average salary. In May 2019, the Bureau of Labor Statistics reported that computer and information systems managers earned a median annual salary of $142,530, while computer occupations as a whole had a median annual salary of $88,240.
However, there is significant variation in IT salaries by sector. For example, computer and information systems managers in finance and insurance earned a median annual salary of $154,750 in May 2019, while those in education earned $106,090.
The following table shows the median annual salaries for computer occupations in the top five industries by number of jobs:
Industry Median Annual Salary
Finance and Insurance $154,750
Professional and Technical Services $103,620
Information Services $102,880