The ten highest-paying industries for IT expertise

Know-how has rapidly turn into a prime precedence for companies throughout each business. A lot in order that IT roles are not simply the purview of the IT division. Each enterprise unit has a stake within the IT providers, apps, networks, {hardware}, and software program wanted to satisfy enterprise targets and goals, and lots of of them are hiring their very own technologists.

Whereas Silicon Valley nonetheless pays prime greenback for IT professionals, the conflict for expertise has moved past the expertise business, with different verticals vying for proficient IT staff who’ve the abilities to allow digital transformation, course of enchancment, change administration, and the event of apps and providers. And because the demand for tech expertise grows in industries past tech, salaries are on the rise in fields comparable to consulting, finance, aerospace, protection, and extra.

Listed here are the ten industries with the best tech salaries, and the way a lot they’ve elevated in worth since 2022, in keeping with the 2024 Cube Tech Wage Report.

1. Aerospace and Protection

It could come as no shock that there’s excessive demand for engineers within the aerospace and protection business, together with avionics, methods, AI, software program, community, high quality assurance, robotics, radio frequency (RF), simulation, flight check, and manufacturing engineers. However you’ll additionally discover demand for different expertise roles comparable to cybersecurity analyst, mission supervisor, aerospace technologist, geospatial analyst, communications specialists, software program tester, technical author, and knowledge analyst. It’s an business that persistently wants expert IT staff with the experience to develop, design, preserve, and implement complicated aerospace methods, whereas making certain they continue to be protected and safe.

Common wage: US$130,574

Change since 2022: +7.4%

2. Software program

The software program business is a pure match for IT jobs, and there may be all the time demand for IT professionals who will help software program distributors design, develop, implement, and preserve their services and products. A broad vary of IT roles assist gas the software program business, the obvious being software program builders and engineers. However you’ll additionally discover demand for high quality assurance, DevOps, technical assist, and software program gross sales engineers. Venture managers, product managers, cybersecurity professionals, knowledge scientists, database directors, and software program architects are additionally in excessive demand within the software program sector.

Common wage: US$130,559

Change since 2022: +5.2%

3. Medical/Pharmaceutical/Biotechnology

The medical, pharmaceutical, and biotechnology industries supply profitable profession avenues for IT professionals as expertise turns into a cornerstone of all points of healthcare. These industries have embraced new and rising applied sciences comparable to AI and ML to enhance medical units, diagnostics, software program instruments, and to revolutionize drugs. There’s demand for knowledge scientists, builders, analysts, engineers, and people with expertise in compliance, cybersecurity, synthetic intelligence, and machine studying. There’s a powerful deal with knowledge safety and privateness, advancing analysis and improvement, and constructing proprietary platforms for healthcare clients in these verticals, and interesting rising expertise to create higher software program and diagnostic instruments can be on the rise.

Common wage: US$128,141

Change since 2022: -0.8%

4. Banking/Finance

The demand for tech staff within the finance business has solely continued to develop as monetary providers have moved on-line. Even internally, finance corporations comparable to Uncover, have targeted on constructing IT coaching platforms to upskill staff to assist meet the quickly rising want for expertise. There’s a excessive demand for software program engineers, knowledge engineers, enterprise analysts, and knowledge scientists, as finance corporations transfer to construct in-house instruments and providers for purchasers. There’s additionally a push for digital transformation within the sector, with corporations seeking to combine new and rising applied sciences, whereas modernizing legacy finance tech.

Common wage: US$126,226

Change since 2022: 1.8%

5. Consulting

Within the consulting business, expertise has turn into an necessary software for making selections, designing options, enhancing processes, and offering insights on optimizing enterprise technique. You’ll discover loads of IT consulting jobs out there, a task that helps organizations determine expertise options and methods for enhancing their {hardware}, software program, networks, and different IT infrastructure. Consulting corporations are more and more turning to tech expertise to assist construct in-house platforms, in keeping with the report from Cube. There’s a requirement for abilities comparable to cybersecurity, cloud, IT mission administration, UX/UI design, change administration, and enterprise evaluation.

Common wage: US$125,160

Change since 2023: -5.2%

6. Utilities/Vitality

You’ll discover demand for distinctive job titles within the utilities and vitality industries, together with SCADA engineer, renewable vitality engineer, good metering specialist, grid modernization specialist, vitality knowledge analyst, vitality environment friendly guide, GIS specialist, and vitality storage engineer. There’s additionally a requirement for extra typical IT roles comparable to mission supervisor, knowledge scientist, cybersecurity skilled, RPA developer, IoT engineer, asset administration specialist, knowledge middle supervisor, and extra. The business has a requirement for extremely expert IT professionals who can navigate complicated, technical methods and networks.

Common wage: US$119,880

Change since 2022: +1.2%

7. Insurance coverage

As insurance coverage corporations flip to digital providers, the business has seen development in demand for IT staff who will help construct, deploy, and preserve inside and exterior apps and providers. As a way to meet the rising demand for tech expertise, corporations comparable to Progressive have invested in inside upskilling bootcamp applications to assist shut the abilities hole. Just like the healthcare business, the insurance coverage business offers with a excessive quantity of typically delicate and confidential knowledge, so there’s usually a requirement for cybersecurity and knowledge staff, along with builders and engineers. And as extra insurance coverage corporations develop client-facing apps and providers, there’s a necessity for UX/UI designers as nicely.

Common wage: US$117,612

Change since 2022: +2.7%

8. Healthcare

Know-how has developed at a fast tempo in healthcare settings, spiking a demand for proficient IT and tech professionals. It’s an business that handles vital, personal, and delicate knowledge so there’s a constant demand for cybersecurity and knowledge professionals. However you’ll additionally discover excessive demand for software program engineers, knowledge analysts, enterprise analysts, knowledge scientists, methods directors, and assist desk technicians. It’s an business that may additionally supply some stability to tech staff, since there’ll all the time be a necessity for tech staff to assist preserve a significant business working. 

Common wage: US$117,578

Change since 2022: +4.5%

9. Telecommunications

IT jobs are a pure match for the telecommunications business, provided that it’s totally depending on expertise. You’ll discover demand for almost each conventional IT position, together with mission supervisor, software program developer, methods analyst, community engineer, safety specialist, knowledge analyst, radio frequency (RF) engineer, cloud engineer, and consultants. In actual fact, you’ll be onerous pressed to search out an IT job title that doesn’t fall beneath the umbrella of telecommunications.

Common wage: US$114,368

Change since 2022: -1.4%

10. Leisure

The leisure business may not appear to be a sector with a excessive demand for IT roles, however there’s loads of want for expert tech professionals. Know-how is a cornerstone to growing motion pictures, video video games, stay occasions, music, and tv exhibits. There’s usually excessive demand for multimedia builders, online game builders, digital actuality builders, and manufacturing technologists. There’s additionally a rising want for streaming platform engineers, now that streaming providers dominate for TV and flicks. Different important roles embody mission supervisor, safety specialist, net developer, knowledge analyst, and methods administrator.

Common wage: US$113,860

Change since 2022: -5.1%

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