Tech companies pay big salaries for IT staff
The tech industry is paying high salaries to IT workers, with the average salary for a full-time employee of $74,000, according to an annual report by consulting firm CB Insights.
The CB Insight report found the average pay for a senior IT employee is $74.25 million, up from $72.15 million in 2016.
The average pay is $78,811 for a part-time IT professional, up $4,100 from $75,913 in 2016, according the CB Insought report.
CB Insignificant says IT salaries are up 7% over the last three years, and up 5% over five years.
The rise in IT salaries comes amid a $100 billion IT market.
CBInsights said the industry is expected to grow by 13% in the next five years, up 10% from 2020.
It said the increase is driven by growth in cloud computing and new technology that will help businesses manage large data volumes and data flows.