When it comes to salaries for IT professionals, not all industries are created equal. In fact, some provide significantly higher pay than their counterparts, even when hiring candidates with the same skills. If you want to make the most money with your next tech job, here are the industries you need to explore first.
Banking, Finance, and Insurance
Tech professionals working in the banking, finance, and insurance sectors receive the highest average salary when compared to every other industry. Average wages cross the six-figure mark, reach close to $104,000 per year.
The variety of IT positions with these companies cover all of the major bases including software development, cybersecurity, data analytics, and mobile development. As more consumers expect to be able to access information and interact with their financially-oriented accounts through any device, the demand for skilled professionals will continue.
Utilities and Energy
Many systems used by utility and energy companies require significant amounts of tech to remain operational. Everything from how services are delivered to customers to regular billing activities rely heavily on hardware and software. As systems are updated with newer technologies, and the use of IoT devices becomes more prevalent, demand for workers in these sectors may increase as well.
To attract top talent, many companies in these industries offer average salaries just over $103,000, making them a strong option for professionals looking to get the highest payoff for their skills.
Aerospace and Defense
The aerospace and defense industries are highly recognized for their technical components, making it a priority for these organizations to secure the highest caliber talent available. Average salaries for IT workers in these industries fall just shy of $100,000. Those who find positions with various levels of government can also expect strong benefits packages and generous retirement options to make these job particularly enticing to those looking for more than just a substantial paycheck.
What You Need to Get a Position in a Top-Paying Industry
To land a job in one of the industries above, you need a combination of the right experience and education. The most lucrative offerings will be in high-demand fields, such as software development and data analytics, both of which require specific skills. Most people working in tech fields get their foundation through formal degree programs, though possessing in-demand certifications and on the job experience are also quite valuable.
Along with the technical skills, you also need to know how to communicate with those around you, regardless of whether they are fellow IT professionals or not as tech-savvy. Being able to make technical information accessible to those who are less familiar with the idiosyncrasies of the work can make you a powerful member of any IT team, and makes it easier to command top dollar when an opportunity arises.
If you are interested in finding a tech job in any industry, including those outlined above, The Armada Group can connect you with key employers in your area. Contact us today to discuss where you would like to go in your career.