What is going on in IT job market?
In the January 1, 2007 issue of Computerworld, an article by Jennifer
McAdams states that hiring executives are seeking people with the
strongest combination of technical and business skills. The top
five skills identified by Ms. McAdams include: 1.) Programming/application
development, 2.) Project management, 3.) IT/business analysis, 4.)
Security, and 5.) Help desk/technical support. Ms. Adams suggested
that an important key to landing an IT job is to get a degree from
a well-known school.
According to the American Electronics Association, the IT industry
added 140,000 jobs between January 2006 and June 2006, the strongest
since 2001. An even stronger IT job market has been predicted for
2007. The primary reason identified for this projected hiring growth
is to accommodate business growth expected by Chief Information
In addition to the number of jobs indicated above, the U.S. IT
work force is facing a shortage in the number of qualified people
with the appropriate technology skills. The reason for the shortage
is the avoidance of IT jobs and education by many students in the
aftermath of the dot-com bust in early 2000s.
Overall, a very bright near-term outlook for IT employments for
the next few year. Outsourcing of IT work to places such as India
has not seem to put a significant dent on the demand for IT workers
in the U.S.
Salary of School Graduates
For Ph.D. graduates without much industry experience, it seems
the highest salary goes to those majoring in Business or Economics.
Their starting salary can be as high as $120K (or even more). Computer
Science and EE new Ph.D. average about $70K. Certain areas (such
as San Francisco) have higher salaries than the national average.
Salaries of post-docs range from $20K to $50K, with Biology at the
low end, and computer science or EE at the high-end.
For graduates with a master's degree, MBA's from top programs average
over $100K. MBA's from less prestigious programs average around
$60K. For Computer Science and EE, it's about $52K.
Salary of IT Professionals
Based on a survey conducted by Enterprise System in late 2006,
||Average Salary plus Bonus
||$124K - $194K
|Director of IS/MIS
|Application development manager
Since these are average numbers, they look somewhat lower than
the compensation at companies that are doing well. Pacific region
(from Washington state to California) has the highest numbers, followed
by South Atlantic (Delaware, Maryland, Washington DC, Virginia,
North Carolina, South Carolina, Georgia, and Florida). New England
region as a whole has the lowest average compensation numbers in
6 out of the 10 listed job titles.