Engineering salaries on the rise
Sylvie Barak, EE Times -- EDN, January 25, 2012
MOUNTAIN VIEW, CA—Salaries in the tech sector, especially for engineers, are at their highest level since 2008, according to a recent survey, with average yearly pay for tech professionals in Silicon Valley pushing past $100,000.
Dice.com said Silicon Valley salaries averaged at $104,195, up five percent over last year's results. The study also found Silicon Valley companies more likely to pay bonuses to employees, with 38 percent of tech workers in the region reporting a bonus last year with an average payout of $12,450.
Outside the Valley, tech employees are also seemingly doing better than ever, with Dice reporting that 12 of the top 20 cities for tech jobs had above average wage growth.
Austin, Texas saw a 13 percent jump in pay to average $89,419, while Portland, Oregon showed an annual wage increase of 12 percent to $82,055. Houston saw seven percent growth ($89,307); and Washington DC experienced nearly six percent growth ($94,317).
Chicago and Seattle both saw healthy five percent increases in average tech salaries, while Denver and Dallas/Fort Worth posted four percent growth. New York, Los Angeles, and Raleigh, North Carolina each increased three percent.
In terms of bonuses, Dice found that the number of technology professionals receiving bonuses was 32 percent in 2011, three percent higher than in 2010 and eight percent higher than in 2009.
The most lucrative industries for engineers, said Dice, were the telecoms, hardware, banking, utilities/energy and software spaces.
This story was originally posted by EE Times.
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It's a lie. Real US wage growth has been stagnant to shrinking the past 12 years. As a fraction of income, the costs of meaningful goods like groceries and energy have increased. When the larcenous, innumerate morons in DC keep borrowing and flooding the economy with debased, diluted currency, how can you say you're earning more?
Elmer Fydd - 2012-31-1 17:44:12 PST -
Cool...I could use a salary increase. Been getting around the cost of living for a long time now.
Peter Principle - 2012-25-1 13:34:26 PST
