Salaries for IT Professionals are on the Rise

Piggy Bank

Good news for anyone pursuing a career in information technology: IT salaries are on the rise. According to the 2012-2011 salary survey from Dice, a career website for technology professionals, IT has seen its largest annual salary growth since 2008.

"Compensation has mustered some momentum as more and more top tech markets are notching increases in pay," Tom Silver, Dice's senior vice president, North America, said in a statement. "Silicon Valley's compensation moved first and wrote the playbook for highly qualified tech professionals to ask for more - whether that be in Seattle, Houston or Raleigh."

After two years of IT salaries remaining virtual stagnant, information technology professionals have seen pay increases of more than two percent, putting their average annual wage at $81,327, up from $79,384 in 2010.

The research, compiled from surveys of more than 18,300 IT professionals across the nation, also discovered that annual tech salaries in Silicon Valley have reached six figures for the first time since the survey began 10 years ago. The highest annual IT salary in the nation - $104,195 - was also found in Silicon Valley and increased 5 percent from 2010.

IT professionals with experience were most likely to see salary increase, according to the report, while entry-level pay continues to trend downward. Dice found that after years of economic recovery, bonuses are once again coming into play.

"The increasing popularity of bonuses shows companies are rewarding their top performers," Silver said in a statement. "In fast-changing markets, it's imperative for highly skilled tech professionals to capitalize on their career and compensation options."

Western Governors University is a nonprofit, accredited, online university. WGU offers bachelor's and master's online degree programs in IT. Find out more about WGU's Degree Progams in IT

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