Tech Professionals Receive Pay Raises, Study Finds
Tech professionals in St. Louis received plenty of good news on the jobs front in 2012 with regard to both growth and salary increases.
In addition to a higher number of available IT jobs, tech workers achieved a 13 percent bump in average pay, to more than $81,000, according to a recent report by St. Louis Business Journal. The 13 percent increase was second in the nation to Pittsburgh IT professionals, who saw their average salaries jump 18 percent.
Overall, the high-tech sector reported its most successful year in quite some time, according to a study by Dice.
“Employers are recognizing and adjusting to the reality of a tight market,” said Scot Melland , Chairman, president and CEO of Dice Holdings. “The fact is you either pay to recruit or pay to retain and these days, at least for technology teams, companies are doing both.”
The Dice report revealed that tech professionals saw a more than 5 percent increase in salary from 2011 to 2012, the sector’s largest pay raise in a decade. In the United States, the average IT job now pays more than $85,000. Tech professionals with two years or fewer experience make more than $46,000 annually.
Big data scientists were found to be among the highest paid, with salaries upward of $100,000.
Cities nationwide are thriving
It wasn’t too long ago that the vast majority of quality high-tech jobs existed in Silicon Valley, but that is far from the case these days.
In addition to Pittsburgh and St. Louis, Phoenix, Cleveland, Milwaukee and Orlando all reported double-digit percentage growth in IT job salaries. Meanwhile, cities as dispersed as Boston, Atlanta and Los Angeles have tech workers making between an average of $87,000 and $95,000 annually.
Silicon Valley IT jobs are still the highest paid by a wide margin, at more than $101,000 per year.