IT Manager Salary

No matter what type of industry you’ working in, you are definitely aware of just how much of an asset the IT (information technology) manager is. In today’s highly computer-dependent world, every IT assistant is expected to magically solve almost every problem which may occur in the company’s activity and everyone feels like they don’t know what they’d do without them. In addition to the respect which is bestowed upon any IT person by default, IT managers benefit from an almost guru-level status. They are tasked with supervising the entire IT activity going on within the organization and with the extra mission of finding solutions and new ideas to implement which could boost productivity or make everything more efficient, better and so on. To cut a long story short, the work done by IT people in general and IT managers in particular is very valuable, which is precisely why these professionals are paid as well as they are. Let’s take a look into the specifics of it and see what you can expect from an IT manager salary and maybe even how to increase it further.

Overview of an IT Manager Salary

As already stated above and as you could probably already guess, IT managers are among the top-paid professionals in the country. The official statistics* paint a pretty rosy picture for the earnings of these professionals in the past few years, even within the slightly troubled post-recession economic climate. According to data from 2012, the median IT manager salary current sits at $58.15 per hour or $120,950 per year. That rate is higher than the average for all other occupations.

The median salary means not exactly an average value blindly calculated from all incomes, but it is a type of calculation that reflects the earning reality of IT managers better than an average would. The median salary means that 50% of these professionals earned a bit more than the median, and the other 50% earned a bit less. To get a better idea of how much more or how much less you could make if you scored an IT manager job, you should know that in the same year (2012), the top-earning 10% IT managers earned more than $187,200 and the lowest-earning 10% of them earned a bit less than $74,940.

*According to the Bureau of Labor Statistics, www.bls.gov

Earning factors of an IT Manager Salary

Of course, the figures can vary from case to case on account of several factors. The most important such factors which can make a huge difference on how much an IT manager earns are: geography (some states have higher average salaries overall), type of industry, work experience (as you progress, you are paid better, just like in any other line of work), specialization and so on.

Some of these are pretty intuitive: everyone could tell you that you’ll earn better after 10 years of experience or that a richer state will most likely offer better-paying jobs than a poorer region. But the one earning factor that is harder to guess in the case of an IT manager salary is the hiring industry. Here is a look at the median salaries from 2012 in the main 5 industries* which hire IT managers:

  • Information: in this industry the median wage was $133,120;
  • Computer systems design and related services: a median wage of $128,230;
  • Finance and insurance: in this industry the median wage was $126,680;
  • Management of companies and enterprises: a median wage of $124,260;
  • Government: in the budgetary system, the median wage was $101,690.

*According to the Bureau of Labor Statistics, www.bls.gov

IT Manager Job Description

IT managers aren’t the common IT guy who will be called by the other employees in the company whenever something goes wrong. Instead, the managers are the top-executive professionals. The IT Manager job description revolves around supervising all other IT employees and activities, as well as plan, coordinate and implement various computer-related activities. Depending on their specialization, they can focus on one target area in particular, like IT security (protecting the company or organization from cyber-threats) or IT business (devising computer-implemented strategies to boost productivity) and so on. The most common 4 types of IT managers are: Chief Information Officers (CIOs), Chief Technology Officers (CTOs), IT directors and IT security managers.

IT Manager Outlook

Official statistics* point out that IT managers will continue to be in a high demand from now on for quite a while. The growth of this job is expected to be at a 15% value in the 2012-2022 period of time. This means that in 2022 there will be about 15% more IT manager jobs available compared to their number in 2012; this growth is higher than the average expected growth for all other occupations. As the use of wireless and mobile networks will expand in virtually every company and every organization out there, the need for more IT employees and for strategy-devising IT managers will also expand.

In addition to this, new software will most likely be in high demand as our lives and work become more and more grounded in computer use. This will also create a need for more IT employees of every level. Also, cyber-threats will probably become more powerful as well, both in the government sphere (cyber-terrorism and cyber-warfare) and in the economic one, thus creating a higher demand for IT security managers.

*According to the Bureau of Labor Statistics, www.bls.gov

IT Manager Education Requirements

In order to become an IT manager, a bachelor degree in computer science (or information science) is required (5 years of undergraduate schooling required). Even if it’s not mandatory, a master’s degree (at least a further 2 years of study) in the field or an associated science field is also highly appreciated and considered an advantage by recruiters. A common choice for aspiring IT managers is to pursue an MBA (Master of Business Administration) after they graduate from their bachelor’s program; therefore, it has become an unofficial standard.

Besides the educational requirements, getting hired as an IT manager also requires about 5 years of working experience in the field. You can’t be hired as the equivalent of a director right out of school, first you need to work as an IT officer in the field and only then apply for a managing position.

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by Campus Explorer