In this section, we will explore more about information technology management salary. Continue reading to know more about the topic.
Introduction
Information technology (IT) is one of the most important business activities of an organization. IT plays an important role in today’s business world. For proper planning and execution, companies need to hire professionals with a good amount of experience. These professionals are called information technology management.
The main job of an IT manager is to plan, direct or administer the computer systems of the organization. The salary of an IT manager depends on many factors, such as position, skillset, education, company size, location, and contract conditions.
Basic Information about Information Technology Management Salary
The average salary for IT managers is $112,000 per year. A Senior IT manager can earn around $128,015 per year. The salary of a junior IT manager is from $75,000 to $80,000 per year. The median salary of an IT manager is approximately $100,000 per year.
Factors That Influence the Salary of an IT Manager
The basic factors that influence the salary of an information technology manager are as follows:
1 – The company he/she works with
The company size and budget play a very important role in determining the salary of a person. A large company pays a good amount of salary compared to a smaller one.
2 – Position
The position or designation is also a very important factor that influences the salary of an IT manager. The higher the position, the higher the salary is. Senior-level positions have high salaries compared to junior-level positions.
3 – Skillset
In every organization, there is only one IT manager position. In this position, there can be many people who have different skillsets and experience. A person who has more skills and experience in his field will get a higher salary compared to others.
4 – Education
There are many different types of IT degree programs in most universities and business schools in North America and Europe. Many universities in North America offer a Master’s degree in Business Administration (MBA) with a specialization in Information Technology Management.
The degree program includes courses on information technology management, business management, project management, etc., These make graduates highly employable when they complete their coursework.
In addition to having a degree from a respected university or business school, other certificates can add value to your resume when applying for an information technology management job.
5 – Locations
The location also plays an important role in determining the salary of an IT manager because salaries vary by location based on the cost of living differences between cities and regions. For example, New York City offers much higher salaries than other cities such as Los Angeles or Atlanta because the cost of living is high in New York City while it is low in Atlanta or Los Angeles.
Conclusion
In this section, we learned about the basic information about information technology management salary. If you have good experience in the IT field, then you should not have any problem getting a job as an IT manager.
