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More Highlights from the Dice 2018 Tech Salary Report

Yesterday we shared a snippet from Dice’s 2018 Tech Salary Report, which is the result of a survey of 10,705 employed technology professionals conducted in late 2017 by the US job board. We shared a graphic that clearly demonstrated how technologies like Big Data and Cloud are continuing to be in high-demand with PaaS and MapReduce taking the cake as the highest paying skills.  But that was just the tip of the iceberg from the Dice survey. Here are a few other interesting findings that are relevant to IT contractors in Canada, even if the data is from the United States:

After Management Positions, Systems Architects and Product Managers are Making the Most Money

While the figures are in USD and actual numbers vary by geography, the chart below still reflects the top job titles in the IT world. Naturally, those managing tech and at the top of the org chart are making the biggest bucks, but Systems Architects and Product Managers top the list, with QA and support-related roles making the least amount of money.

After Management Positions, Systems Architects and Product Managers are Making the Most Money

Average Tech Salaries are Flattening Out

As the next chart shows, average tech salaries across the US were flat in 2017 and even slightly lower than they were in 2015. According to Dice, this mirrors stagnant wages the country has seen lately, but employers are offering more motivators and benefits to remain competitive.

Average Tech Salaries are Flattening Out

IT Contractors are Still Faring a Little Better Than Their Employee Counterparts

While the slight rate decrease in 2016 was also reflected in average consultant rates, they did see above average growth in 2017. As per the previous graphic, average salaries only grew 0.7% in 2017 but the chart below shows consultant rates grew 4.7%. In addition, their annual salary continues to be higher than full-time workers, but this is natural and balances out after considering the extra expenses incurred as a contractor.

IT Contractors are Still Faring a Little Better Than Their Employee Counterparts

IT Contractors are Still Faring a Little Better Than Their Employee Counterparts

Top-Paying Skills by Tech Category (According to Dice)

With the continuous advance of technology, it makes sense that the skills needed in the tech industry advance too. This analysis by Dice has shown that salaries are at a flat rate, but employers are finding incentives, like benefits and extra vacation days, to continuously attract candidates.

And nowadays a lot of tech pros are looking for jobs with benefits that allow them to maintain a better work-life balance. Having some of these skills can give you more leverage when it comes to negotiating these benefits. Dice has taken many of these most-sought after skills and found the average salaries.

Top Paying Skills by Tech Category

Top-Paying Skills for 7 In-Demand Tech Roles

Top-Paying Skills for 7 In-Demand Tech RolesA couple weeks ago we shared some interesting salary data based on the findings of Dice’s annual Tech Salary Survey. While this is great knowledge, it may not be helpful to those deciding where to invest in training to get the best return. Fortunately, the survey went on to answer that question by providing the top-paying skills for the most in-demand tech roles. Here’s a quick summary of the findings:

Top Paying Big Data Skills

  1. MapReduce ($125,009)
  2. HBase ($123,934)
  3. Cassandra ($123,459)
  4. Apache Kafka ($122,728)
  5. Elasticsearch ($120,002)
  6. PIG ($119,118)
  7. Solr ($119,032)
  8. Hadoop ($118,625)
  9. Hive ($118,589)
  10. RabbitMQ ($116,909)

Top Paying Cloud Skills

  1. HANA ($128,958)
  2. Cloud Foundry ($124,038)
  3. PaaS ($120,403)
  4. Amazon RedShift ($119,197)
  5. Cloudera ($118,896)
  6. Docker ($118,873)
  7. Amazon Route 53 ($118,828)
  8. IaaS ($117,422)

Top Paying DevOps Skills

  1. Ansible ($121,382)
  2. Korn Shell ($118,273)
  3. Jenkins ($113,354)
  4. Puppet ($112,883)
  5. Chef ($112,523)
  6. Vagrant ($111,422)

Top Paying Project Management Skills

  1. CMMI ($119,466)
  2. PMBOK ($118,233)
  3. Kanban ($112,932)
  4. ISO 270000 ($112,556)
  5. Lean ($111,970)
  6. Scrum ($109, 876)
  7. Agile ($108,459)

Top Paying Mobile Skills

  1. Objective-C ($116,667)
  2. Swift ($110,877)

Top Paying Design UI/UX Skills

  1. OmniGraffle ($123,782)
  2. Balsamiq ($110,744)

Top Paying Front-End Dev Skills

  1. JSON ($107,258)
  2. Angular ($105,496)

Keep in mind, the findings above are based in the United States. While we expect these are still high-paying skills in Canada, rates and salaries will differ depending on your industry and region.

Salary & Rate Trends in Tech, According to Dice

Dice is a leading job board in the United States focusing specifically on IT jobs. In addition to career opportunities, the website also provides valuable insight for technology professionals and often conducts extensive research to back that up. While the statistics they publish are usually US-specific, these trends are often apply to the Canadian IT industry.

The annual Dice Salary Survey, which was published at the end of March, had participation from 12,907 employed technology professionals. It contains extensive research that is useful for both IT professionals and recruiters alike. While there is too much to summarize it all in one post, here are a few helpful graphics regarding rate and salary that may help you negotiate or plan for your next contract:

Average Tech Salaries Dropped a Little in 2016

The past 10 years has seen a significant rise in tech salaries; however, 2016 was the first when average salaries dropped slightly. It will be interesting to see which direction the trend moves in 2017.

Dice - Average US Tech Salary 10 Year Trend
Source: Dice Salary Survey 2017

Average IT Contractor Rates Also Dropped Slightly

IT freelancers were not immune to the 2016 drop in rates, although it wasn’t as big of a decrease from 2015 compared to the average salary decrease.

Dice - Hourly Rates for Contractors
Source: Dice Salary Survey 2017

Consultants Are Still Making More Than Full-Time Workers

When Dice used the base rate per hour to determine an IT consultant’s annual salary, they still came up ahead of full-time workers by more than $20K. While this may seem like a wide gap, in reality, when consultants factor in expenses such as insurance and risk of having no work, it isn’t a huge difference.

Dice - Average Salary by Employment Type
Source: Dice Salary Survey 2017

The Top Salaries by Job Title

If you’re wondering which jobs garner the highest salary, then here’s your answer. Tech Management has the highest salary, but keep an eye on the Security Engineer which had the highest growth in salary from 2015.

Source: Dice Salary Survey 2017