If you're a technology professional, you've probably wondered how salaries at tech companies compare to non-tech companies. Can you make more money working at a retail or manufacturing company than at a software company?
Dice's Latest Technician Salary Report Let's explore that very question. Conclusion: Technology professionals working at technology companies earn an average of 2.9% more than technology professionals in other industries. Last year, the average salary for a technology professional in the technology industry amounted to $112,335. The average salary for those working outside the technology industry was $109,170.
We also noticed a wide disparity in pay satisfaction within and outside the technology industry. 49% of technology professionals who work for technology companies are satisfied with their compensation, compared to only 34% of technology professionals who do not work for technology companies. .
Overall, salaries were flat compared to last year.average salary It was $111,193, down slightly from $111,348 in 2022. This is a significant change from previous years, when technician salaries generally increased. For example, the average salary for a technician increased by 9% between 2019 and 2021.
However, it's important to note that certain technology hubs and companies with specialized skills have seen year-over-year salary increases.For example, up-and-coming tech hubs like Philadelphia and San Antonio There was a significant increase in salary; when combined with the low cost of living in many of these metropolitan areas (at least compared to San Francisco and New York City), you can end up with significant benefits. And if you have the skills that employers are looking for,Artificial intelligence, data analysis, etc.— more likely to have enough leverage to extract higher compensation and better benefits.
We have divided the report into the following sections for your reading pleasure:
As we head into 2024, always remember that you can influence your paycheck, especially if you're hopping between jobs or industries.
