IT salaries falling faster than in other sectors

News

IT salaries falling faster than in other sectors

Rebecca Thomson

IT salaries are falling faster than in other sectors, according to online jobs website Experteer.

While average salaries for senior executives have risen in finance, consulting and the public sector, in IT the figures are down 7% in the last six months.

Project managers in IT have seen salaries fall 6% to an average of £62,000. Managers with responsibility for a team have seen a 4% drop to £77,000. Business unit leaders have seen a drop of 3% to £115,000.

The company said the fall is due to a drop in the number of available jobs in the IT sector. Managing director Torsten Muth said: "Ambitious IT executives facing a fall in reward for their next step on the career ladder, should consider whether their experience might be relevant to other industries in which salaries continue to rise, such as consulting and financial services."


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy