Tech Salaries Outpace the Rest of the U.S.
While salaries are seeing a rise around the country, tech salaries in particular are on the up-and-up.
Glassdoor recently shared that U.S. wages increased 3.2% year over year last month. A new survey from Janco found that nearly all levels of tech pros saw pay increases of 5% or higher at the start of 2017, putting them ahead of the rest of the job categories. This is likely due to the spike of IT employment - 136,500 new jobs are expected to be created in the U.S. in 2017 alone. This is three times the rate of tech job growth expected between 2014 and 2024.
With all this growth, it's no wonder that STEM graduates are entering the workforce with the highest salaries.
According to a recent report from the National Association of Colleges and Employers (NACE), employers project that average starting salaries for students earning bachelor's degrees in the STEM-related disciplines of engineering, computer science, and math and science will be the highest among Class of 2017 graduates.
Graduates earning computer science degrees will be substantially paid with an overall average salary projection of $65,540. This is almost a 7% jump from last year, much greater than their engineering classmates' 2% gain. In addition, all of the individual computer science disciplines have overall average salary projections near or greater than $65,000.