2020 IT Salary Survey by company size and metro area
Salaries are moving up as demand increases for qualified IT Pros
IT compensation and hiring accelerates according to the latest IT Salary Survey by Janco and eJobDescription.com
Mean Compensation for all IT Pros is up 4.9% since January of last year - Executive Management faired the best
2020 IT Salary Survey by company size and metro area. Janco and eJobDescription.com has conducted salary surveys of the IT Job market over 30 years. The data from this survey has been published in the Computer Industry Almanac, the Wall Street Journal, the New York Times, eWeek, and many other business and industry publications. In addition, over the years it has been featured on CNN, the Wall Street Journal, and several national and international television and multi-media outlets.
IT Salaries are on the rise. As the general economy improves more companies are investing in information technology. The emphasis over the past several years is in both e-commerce and mobile computing. At the same time with the ever-increasing cyber attacks and data breaches, CIO are looking to harden their sites and lock down data access so that they can protect all of their electronic assets.
Added to that in an ever-increasing array of mandated requirements from the EU with GPDR and US federal and state requirements to protect individual users' privacy. All of these factors increase demand for experienced IT Pros and salaries they are paid.
The salary survey is updated twice a year; once in January and then again in July. Janco and eJobDescription.com not only look at base salaries, they also report on total compensation. How survey is conducted is described here.
You can get a free copy of the full survey if you provide 10 valid data points and use a corporate e-mail address. Free e-mail accounts like gmail or yahoo do not qualify as we have no way to verify the accuracy of the data provided.
Top Paying IT Positions
Large enterprises tend to compensate IT Professionals more than SMBs. The top 10 paying jobs are shown in the chart below.
Salary Survey Summary
Are you paying too much or too little to your IT staff? Do you have IT job descriptions? Are you earning what you're worth? Whether employer or employee, it is important to know what other companies are paying in total compensation for a similar position in your area. Learn how your company compares in the area of compensation. Data is as of January 2020.
- Over 154,000 net new IT jobs were created since January 2018.
- Baby Boomers have shrunk to only 16% of the IT total labor force.
- Between January 2019 and January 2020, the total mean compensation for all IT Professionals increased from $90,116 to $94,535 or 4.9%.
- Last year’s compensation for IT executives in large companies has fared better than mid-size companies with increases that were 5.84% versus 4.62%.
- The greatest increases in compensation were for IT Professionals at the staff levels of mid-sized organizations and executive levels of large organizations.
- In mid-sized enterprises, the mean total compensation for all positions increased from $87,254 to $91,587.
- In the last two quarters of 2019, staff-level positions in IT organizations of SMB's had the greatest demand for new hires.
- In large enterprises, the median compensation rose from $92,979 to $97,484 or 4.85%.
- Some markets like the SF Bay Area, Boston Metro, and Salt Lake areas are suffering significant shortages of qualified IT professionals.
- Technology centers like San Francisco (Bay Area), Atlanta, District of Columbia, New York and Washington State continued to lead the way in new IT job creation.
- Many CIOs and IT professionals have retired. Succession planning and promotion of Millennials into that role is a top priority.
- Large organizations are planning to beef up their middle management as those enterprises focus on Big Data, Blockchain, SEO and Smartphone, and tablet connectivity.
- Onshore outsourcing and H-1B visa jobs have peaked. The America first campaign has resulted in more infrastructure functions being moved in-house.
- New positions were added to the survey as e-commerce continues to expand.
- KPI metrics are now the way performance is being measured.
The compensation study (over 190 pages) in PDF and EXCEL with the data) can be ordered below.
If you do not want to purchase the full salary study, you can get just the data for a particular city for a fraction of the cost of the full study.
IT Positions in Demand
Hiring prospects are looking good for IT Professionals. Many enterprises are looking expand the size of the IT function as the economy continues to recover and application development increases along with the use of contractors and consultants.
With the Covid-19 and election looming in the fall of this year, many enterprises
are unsure of the overall impact of the elections will be. However, they
are optiomistic with the the implementation of the new trade deals.
Based on Janco's interviews and survey data the following positions are in high demand.
Fringe Benefits for IT Professionals
Companies have started to adjust the fringe benefits provided to IT Professionals. A full historical comparison of trends in benefits is included with the full version of the Janco IT Salary Survey.
Fringe Benefit Historical Trends
Top Paid CIOs
The top compensation for highest paid CIO is over $13 million and that is for Tim Theriault at Walgreen's. From public data we have found that there at least 25 CIOs who's compensation 1.9 million and above.
The average total compensation for the top 36 highest paid CIO for the year ending 12/31/2015 was $3,600,000 with a base salary average of $510,417. The balance of compensation came from bonus, stock, options, and pension programs.
IT Job Market Size
The IT job market now includes 3.5 million individuals. These are all high salary positions and critical to US economy.
Updated with Latest Data - Includes first month of Covid-19 shutdown
Historic IT Job Market Size
Data complied by Janco Associates is as of March 2020