Annual Salary Survey From IDG’s Computerworld Finds Six Percent Average Increase in Base Pay for IT Pros
FRAMINGHAM, MA – OCTOBER 28, 2002 – IDG's Computerworld, the newsweekly for IT leaders, today announced the results of its annual salary survey of IT professionals' total compensation. The 16th Annual Salary Survey, which polled more than 9,000 IT workers, reveals that in 2002 salaries were on the rise for the majority of respondents, despite the troubled economy. Nearly 60% of respondents noted increases in their salaries.
The average increase for IT professionals surveyed by Computerworld was 6%, which outstrips the 4% average increase in pay U.S. workers will receive this year, according to the U.S. Department of Labor's Bureau of Labor Statistics. Some 31% of respondents saw no change in their base wage; but when salaries decreased, the decline was significant. The 9.5% of IT professionals who saw a loss of pay reported an average dip of 13.1%. Although salaries were generally on the rise, nearly 70% of respondents noted that their bonuses remained stagnant with 18% of respondents taking home fewer bonus dollars.
A sample of some of the 30 job titles surveyed and the total average compensation (the combination of base salary and bonus) for the position follows:
Internet Technology Strategist $109,554
Director of IT $100,586
Product Manager $93,732
Project Manager $88,605
Information Security Manager $85,467
Help Desk/Technical Support Manager $74,447
Software Developer $69,582
The job titles that fared best were CIOs with an average 7.2% increase in pay, network administrators with an average 7% uptick and network managers with an average 6.9% increase. Of those respondents that had a decrease in pay, project managers took the hardest hit, with an average reduction in the past year of 13.6%, followed by IT directors at 12.9% and IT managers at 12.8%.
"Our salary survey this year gives us a much more detailed view of IT compensation, demonstrating that companies still place a premium on top technology talent even during a poor economy," said Maryfran Johnson, editor in chief of Computerworld. "IT is unquestionably vital to the core mission of corporate business, and the recovery ahead. It's reassuring to see that companies are willing and able to pay well for skilled, seasoned IT professionals."
The survey data was compiled from forms posted online at Computerworld.com from June 3-29, 2002. The online survey received 9,138 responses from professionals holding 30 different IT positions in a sampling of industries and regions. The majority of respondents were men (82.6%), employed full-time with an average of 13 years in the IT field. The average age of respondents was 39 and almost half have earned a bachelor's degree.
The complete results and methodology of the survey are available in the October 28 print edition of Computerworld, and online at http://www.computerworld.com.
Computerworld is the only integrated media company focused exclusively on the information needs of IT Leaders – those who manage and implement technology in Global 2000 organizations. The company's flagship weekly newspaper – along with its Computerworld.com Web site and conference series for IT Leaders – form the U.S.-based hub of the world's largest (58-edition) worldwide IT media network. Publishing since 1967, Computerworld has been recognized numerous times by Folio: Magazine and the Computer Press Association as the best computer newspaper, and was named to the "Media Power 50" in 2002 by Crain Communications' BtoB Magazine. Winner of more than 70 print and online editorial awards since 1998, Computerworld has a newspaper circulation of 202,000, a total print audience of 1,846,000 (according to IntelliQuest CIMS v.9.0), and an online audience of 800,000 unique monthly visitors (according to DoubleClick). Breaking news and resources for IT Leaders are available at http://www.computerworld.com.
Computerworld is a business unit of IDG, the world's leading technology media, research and event company. IDG publishes more than 300 magazines and newspapers and offers online users the largest network of technology-specific sites around the world through IDG.net (http://www.idg.net), which comprises more than 330 targeted Web sites in 80 countries. IDG is also a leading producer of 168 computer-related events worldwide, and IDG's research company, IDC, provides global market intelligence and advice through 51 offices in 43 countries. Company information is available at http://www.idg.com