IT jobs have median salaries double that of all occupations in the U.S. Here’s how you can make more money in the space (2024)

Key takeaways

  • The median annual wage of those working in tech remains over $100,000—double the wage of all occupations in the U.S.
  • Despite layoffs over the past two years, tech jobs continue to be in demand.
  • For those looking to increase their salaries, constant upskilling is crucial.

If you’re tech savvy, you may be well on your way to earning a six-figure salary.

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Computer and information technology (IT) occupations take home a median annual wage of $104,420—that’s over 2x more than all occupations—according to the U.S. Bureau of Labor Statistics.And, for those with a master’s degree from a top IT school, achieving a much higher salary is likely in your future.

There are more than 5.6 million tech workers in the U.S. alone—and that number is only expected to grow as companies and the world become increasingly digital and require experts to support growing areas like cybersecurity, AI, and data analytics.

3 high-paying information technology jobs and their salaries

RoleMedian total payOccupation growth rate, 10-yearExperience level
IT support specialists$64,00038%Entry
IT project managers$136,00082%Mid-level
IT directors$214,000134%Senior leadership
3 high-paying IT jobs and their salaries
IT support specialists
Median total pay$64,000
Occupation growth rate, 10-year38%
Experience levelEntry
IT project managers
Median total pay$136,000
Occupation growth rate, 10-year82%
Experience levelMid-level
IT directors
Median total pay$214,000
Occupation growth rate, 10-year134%
Experience levelSenior leadership

IT support specialists

  • Median total pay: $64,000
  • 10-year growth: 38%
  • Experience level: Entry
  • Associated titles: Computer support specialists; IT repair technician

Most companies, no matter their industry, have some sort of IT support specialist—to aid employees across the organization in their technology needs. This includes installing, loaning, and/or training hardware or software, troubleshooting issues both on-site and remotely, and ensuring safe and stable internet connection.

IT project managers

  • Median total pay: $136,000
  • 10-year growth: 82%
  • Experience level: Mid-level

IT project managers are master organizers and help companies keep their technology goals and sprints on track. Their tasks may focus on one particular project, such as hardware or software upgrades, network changes, or website redevelopment. Project managers track projects from start to finish—from idea to execution to conclusion. They may have certifications specifically in IT or project management from organizations like the Project Management Institute.

IT directors

  • Median total pay: $214,000
  • 10-year growth: 134%
  • Experience level: Senior
  • Associated titles: Chief technology officer; chief information officer; vice president of technology

IT directors are the leaders of their department and responsible for part or the entirety of their company’s technology. They provide direction for all others in their umbrella, lead company IT policy, and oversee risk assessment and management. Moreover, IT directors have significant administrative tasks, whether that be communicating internally with their team and externally across the company as well as helping in the hiring of others.

Being up to date with new and emerging tech is paramount to their role, since they will play an integrate role in directing future endeavors.

There are countless high-paying jobs in IT and tech space—many of which have varying responsibilities, including those that may duplicate and overlap. It is important when applying to jobs to take a serious look at the description, including responsibilities and requirements. For example, in Skillsoft’s IT Skills and Salary Report, other roles, IT specialists in consulting, hardware, and software are identified—all earning average pay above $130,000.

Role specializationAvg. North American compensation (according to Skillsoft)
IT Consulting$133,479
IT Hardware$139,128
IT Software$152,463
3 high-paying IT specializations and their average compensation
IT Consulting
Avg. North American compensation (according to Skillsoft)$133,479
IT Hardware
Avg. North American compensation (according to Skillsoft)$139,128
IT Software
Avg. North American compensation (according to Skillsoft)$152,463

3 ways to make more money in IT

Upgrading your skills is key to advancing your career in IT. But instead of waiting for a promotion to come to you, leveraging your passion for a new challenge can demonstrate to current and future employers that you are up to the task.

However with technology constantly changing, upskilling must also remain constant for those who want to remain competitive.

Certifications

For those holding certain IT certifications, average salaries can exceed $200,000, according to Skillsoft.

In particular, those with certifications from top companies, like Google Cloud or AWS, tend to have higher salaries. However, Skillsoft’s research shows that one certification is not enough to make thousands of dollars more. For example, those reaching the top mark of a $200,000 salary, for example, had graduated from Google Cloud’s Professional Cloud Architect program as well as completed eight other certifications.

Many certifications are relatively affordable—costing less than $1,000—compared to a full-on degree and can be completed on a part-time basis, allowing you to learn while keeping your full-time job.

Pro tip

Employers are oftentimes willing to cut a check for and pay in part or full for your upskilling endeavor. Plus, others may also carve time for you to engage in the program. This helps them have an experienced workforce (and costs them less than recruiting new talent).

Degrees

One of the most tried-and-true ways to level up your career is putting a new degree to your name. A degree can especially be a great way to upgrade your career via a slight pivot. For example, if you are just an IT support specialist and are eager to get into cybersecurity, then pursuing a master’s in cybersecurity could be the right move.

Over the last decade, schools have expanded their computer science departments and diversified their learning opportunities to cater to in-demand fields. On top of looking at programs in computer science or cybersecurity, consider getting a master’s in data science or a master’s in AI. Luckily, obtaining any of these tech degrees does not silo you in to one specific area—you’ll likely take classes touching on a variety of topics, allowing you to explore and find truly what’s right for you.

Lastly, if you have your sights set on being a senior IT leader and become your company’s new CIO or CTO, then pursuing an MBA can be a great move. The degree is known for its rigorous curriculum and networking opportunities that eventually translate into career advancement. Some MBA programs have even recently developed more tech-specific courses and concentrations, including in AI.

Side projects

For many people with jobs in the tech world, being tech-involved does not end at 5pm. You can constantly upgrade your portfolio with opportunities that pique your interest—whether that be building your own video game, exploring large language models (LLMs), or beyond.

Simply being in touch with the tech industry can go a long way at your next job interview or discussion around the water cooler. You can explore others’ coding projects on platforms like GitHub or read up on discussions in popular tech-related subreddits, as just two examples.

The takeaway

While it can be easy to compare your salary to those of others, especially nationwide, it is important to consider that every candidate has varying levels of education and professional experience. Plus, the cost of living of individuals may differ drastically; those with a high numerical salary in New York City still may not be taking as much pay as you may expect.

Know that lifelong learning is increasingly becoming the norm, so staying ahead of the game when it comes to education will help you distinguish yourself from the pack. As experts will tell you, while technology may not replace individuals or their roles, those who know how to effectively leverage technology will replace them.

Frequently asked questions

Is information technology well paid?

Yes, those working in information technology generally get paid more than the average pay of all occupations in the U.S. The more education and professional work experience you have, the higher chance you will have a chance at a high-paying job.

What is a good salary in IT?

Any salary above the national average of all occupations—about $48,000—is certainly a good salary. If you have a college degree, work experience, or certifications, having a salary closer to six-figures is certainly on par. However, salary judgment should be baked in the cost of living for your area.

What is the highest paid IT job?

The highest paid IT job is the one at the top: whether it be chief technology officer or chief information officer. The leaders can make several hundred thousands of dollars each year in base salary alone. Looking more broadly, computer information research scientists and software developers, quality assurance analysts and testers tend to make higher salaries than other computer and IT occupations, according to the U.S. Bureau of Labor Statistics.

Does the IT field pay well?

Yes, the median annual wage of computer and IT occupations was just shy of $105,000 in 2023, according to the U.S. Department of Labor. That number is over double the median wage of all occupations in the nation, which sits at just above $48,000 annually.

References

Job data sources

Check out all ofFortune’srankings of degree programs, and learn more about specificcareer paths.

IT jobs have median salaries double that of all occupations in the U.S. Here’s how you can make more money in the space (2024)

FAQs

How to answer salary expectation question? ›

How To Answer The Salary Expectation Question?
  1. Research the average salary. ...
  2. Consider your existing pay. ...
  3. Consider perks and benefits. ...
  4. Make adjustments for cost of living. ...
  5. Ask for additional details (optional) ...
  6. Ask for more time (optional) ...
  7. Provide a range. ...
  8. Justify your salary expectation.
May 31, 2024

What is the median salary for all careers in the USA? ›

The average salary in the U.S. is $63,795, according to the latest data from the Social Security Administration.

What is your salary expectation sample answer for no experience? ›

As a recent graduate entering the job market, my main priorities are getting valuable experience and contributing to the growth of the company. I would be looking for a salary in the range of [specific range] per year., taking into account my qualifications and the industry norms for entry-level roles.

What is the meaning of median salary? ›

Definition: The median wage is the wage at the midpoint in a list of wages for an occupation, where half of the workers earn more and half earn less. It's a way to understand the typical earnings of workers and is often used to gauge the economic well-being of a region or a specific job market.

How to answer what are your compensation expectations? ›

Focus on why you expect the amount

When stating your answer, prepare to explain why you selected the compensation amount. Recounting your research, past positions and realistic expectations can all help illustrate your experience and integrity to your interviewer.

How to deflect salary expectation question? ›

If you're asked for your salary expectations, you could deflect by saying “What do you usually pay someone in this position?” or “I'd like to learn more about the role before I set my salary expectations. I would hope that my salary would line up with market rates for similar positions in this area.”

What is the 1% top salary in the US? ›

The "top 1%" is a term that generally refers to the wealthiest people in a population based on income or net worth. The data from the Economic Policy Institute (EPI) shows that annual wages for the top 1% in 2021 in the U.S. reached $819,324 on average.

What is a really good salary in us? ›

A Smart Asset report based on MIT's Living Wage data found that the average salary required to live comfortably in the U.S. is $68,499 after taxes. This is nearly $10,000 higher than what the average salary currently is.

Is $75000 a good salary in USA? ›

If you make $75,000 a year, you're earning more than half of all workers in the U.S. And in fact, many people would probably consider the salary as good pay. After all, a $75,000 salary works out to around $6,250 per month, $1,442.31 per week, or $36.06 an hour.

Is it OK to not answer salary expectations? ›

If you're still early in the hiring process and still learning the specifics about the job duties and expectations, you may want to deflect any question about salary to discuss later on. Note that prior to a formal job offer , a salary question is mainly the interviewer's way of gathering information.

How do you professionally say the salary is too low? ›

I'm really excited about the company and the role. I want to be upfront with you that the salary is lower than I was expecting based on my skills and experience. I'd like to be at a number more like $X. I'm really interested in this opportunity and would love to make this work with you.”

How to politely ask for salary range? ›

“Thanks so much for thinking of me for this position! While I am flattered, I'd like to ensure that an interview is the best use of everyone's time. Could you share the salary range for this position?”

Why median salary is better than average salary? ›

By focusing specifically on the income midpoint unaffected by outliers on either end, medians can provide a more accurate reflection of typical middle-class incomes within a peer group.

What is the median based salary? ›

The median income is the income amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways of understanding income distribution.

Why is median income important? ›

Median Household Income is a well-recognized indicator of income, which impacts whether individuals and families experience poverty, which can negatively their physical and mental health.

What is your expected salary the best answer is? ›

Examples of the Best Answers
  • Think about your current salary. ...
  • Give yourself a raise. ...
  • Only give numbers you'd be happy with. ...
  • Highlight your skills. ...
  • Be prepared to negotiate. ...
  • Avoid giving a set amount. ...
  • Don't price yourself out of a job. ...
  • Don't be negative.
Apr 15, 2024

How do you answer what's your current salary? ›

Sample answer 1: be honest but state your requirements

I am, however, looking for a role that pays a bit more than what I am currently earning. Based on my research, for my experience level, I'm looking for a salary in the [$-ballpark] range.”

References

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