Communications of the ACM
Tech Salaries Jump 5.3%, Bonuses Flat
Credit: Coding Career
Technology professionals' average salaries rose 5.3 percent to $85,619 last year, up from $81,327 in 2011, according to Dice.com. Entry-level professionals saw an eight percent year-over-year increase to an average salary of $46,315, while tech professionals with at least 15 years of experience saw a four percent increase in average salary to $103,012. "The fact is you either pay to recruit or pay to retain and these days, at least for technology teams, companies are doing both," says Dice Holdings CEO Scot Melland.
Although 33 percent of tech professionals received bonuses in 2012, compared to 32 percent in 2011, those bonuses were slightly less valuable, with an average of $8,636, compared to $8,769 in 2011.
Pittsburgh, San Diego, St. Louis, Phoenix, Cleveland, Orlando, and Milwaukee all saw double-digit growth in tech salaries. However, Silicon Valley remains the only market where tech professionals average more than $100,000 in salary.
"Tech professionals who analyze large data streams and strategically impact the overall business goals of a firm have an opportunity to write their own ticket," says Dice.com managing director Alice Hill.
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