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Is your income on par with the average IT salary?

Source:  TechTarget

Ever wonder if your pay is comparable with the people cranking out similar work at the competition? If your base salary hovers around $110,000, you aren't doing too badly.

The average IT salary reported, not including bonuses, was $113,040. The highest salary was $250,000, with the pay scale diving to $28,000 for the lowest paid workers. Things look even rosier when the total compensation (salary and bonuses) is taken in to account. The minimum remained at $28,000, but it maxed out at $450,000. The average reported compensation package held strong at $126,306. Overall, this marks an upward movement for those working in application development and design. Last year, the average IT salary was $110,142.

When compared to 2013, 61% of respondents reported experiencing a positive gain in overall compensation and benefits. A large group, 52%, indicated they received a raise, while 36% of respondents received a bonus. These numbers are practically the same for raises and bonuses, 55% and 35% respectively, last year.

While a sizeable number of respondents indicated they received a raise within the past year, the amount wasn't out of the ordinary. The average respondent indicated a 4.5% raise in base salary, with the lowest reporting a meager 1% increase and the highest at a whopping 30%. This marked a slight decreased from 2013, where an average 5.8% raise was reported. Bonus size also varied significantly with the average amount being $20,699. This is on par with 2013 as well, where the average reported bonus was $21,050. The lowest reported bonus was just $16 with the highest reaching $170,000.

Nearly half of respondents expect to gain in total compensation next year. Forty-four percent of respondents anticipate a raise and 21% expect a bonus. For the most part, the expected increase isn't far off from what was reported this year. The average anticipated salary raise sits at 3.9%, with 1% on the low end and 20% at the high side.

NEXT: Budget and staffing trends

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Do you think you are fairly compensated?
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if we were to look at the salary numbers for 2014 vs. 2013, I had a modest gain, and I am paid above the median (I'd be considered median were I a software developer, but I'm paid well above as a software tester and all that entails). If I look at how I've done since 2010, I'm in significantly better position, but that's been helped by two "diagonal jumps" to two other organizations. Though it's no guarantee of success, if the goal is to maximize the amount of money a person earns, their strategy probably should include moving to a new organization every two years or so. For some, that's a normal part of their work life. For others, that may be a more challenging proposition.
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I don't have stats to back this up. However from what I've seen, Michael, you are correct. It seems like the surest way to see a good size increase in salary is to switch companies. 
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No, not at all. I could make more but that would mean moving family and starting over with a new company. I hear a lot of companies have been tight-fisted on annual reviews and most friends of mine are not even getting cost of living adjustments. This may be due to the economy. I hope it turns around. With more jobs becoming available companies may have to do more to keep their experienced staff.
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You bring up a good point, Todd. Cost of living and other benefits can really make a difference. Hopefully additional competition and opportunities will drive salaries upwards!
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There's often a disconnect between the realities of a particular market and the decisions that the front office sometimes makes, especially if that front office is in a decidedly less expensive cost of living state. I am personally doing pretty well (knock on wood ;) ), but I have seen and heard of many people who were offered jobs in my area (San Francisco Bay Area) had to turn them down because they could not afford to live in the area for the salary being offered. If the talent in question have the ability to make moves to other areas, then they can command very impressive salaries compared to the cost of living (lots more bang for the buck).
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