05 Sep, 2017

What Is The Highest Paying Field Of Study? Clue: Technology Is Involved

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If you are intrigued by IT and technology, you’re in luck. This profession is proven to be the highest paying field of study. This is great news for businesses who are starting to dive into digital transformation, because IT talent is on the rise.

LinkedIn put together a report revealing all the highest paid salaries based on data collected from more than 2 million LinkedIn members.

Computer science was ranked highest paying field of study, starting with a salary of $92K.

“If you want to land a high-paying job, computer science is your best bet. Computer science leads all other fields of study with an average salary of $92K while visual art and sociology round out the top three with $90K and $88K, respectively.” LinkedIn reports.

The report’s results were based on different factors, like location, education level, company size, industry and gender, experience level and job title.

It’s a no brainer that different job levels offer different pay salaries. The goal of this report is to expose where the highest paying jobs are located, in order to guide users to make valuable career moves.

According to this report, salary holds a big impact for people when deciding what their career should be.

“Salary is a key factor in most career decisions. When deciding where to work, where to live, or what to study, pay is often top of mind. The problem is, you don’t always have the compensation data you need to make the best decisions. You decide between paths without knowing the payoffs.” LinkedIn’s report states.

Indeed conducted a similar report that surrounded the computer science field, particularly showing that a computer science degree is a “promise” for a high pay salary.

This report even offered a prediction about where this field is heading. By 2014, it is expected to grow 11%.

Indeed’s report was based on the most common college majors found in their resume database, then they calculated the average salary of the job titles. This is what it found.

Quick Facts: Computer and Information Research Scientists
2016 Median Pay $111,840 per year
$53.77 per hour
Typical Entry-Level Education Doctoral or professional degree
Work Experience in a Related Occupation None
On-the-job Training None
Number of Jobs, 2014 25,600
Job Outlook, 2014-24 11% (Faster than average)
Employment Change, 2014-24 2,700

The appeal for computer science professions is clear when it comes to the pay, but it is also clear that these professions require very little training. With companies integrating technology into most strategies, the job search is rising.

What Does This Mean For CIO’s?

This means that CIO’s are in high demand because of how quick the advancements in technology are heading. With digital transformation on the rise, CIO’s play a critical role in the structure of a business when it comes to IT based issues.

This means salary demands for this field have increased, presenting a challenge for organizations while finding skilled professionals. If businesses are not willing to meet these demands, they will lose out on IT talent.

CIO’s are reporting that their job search is frustrating, which comes as no surprise since computer science is the highest paid job.

“From the job candidates’ perspective, the slow-moving process is the most aggravating part of the process, which 57% of candidates cited this as the most frustrating component of the job search. Almost 70% of candidates said they willing to wait two weeks to hear from the employer before losing interest, according to a previous report by Robert Half Technology.” CIODive reports.

Meeting salary needs for computer professionals is the first step for organizations to take while finding IT talent. Growing the skilled IT professional talent is important in the rising age of technology.

“As technology becomes a growing part of every company, it’s clear there will need to be new ways to train and educate IT workers to ensure adequate supply. Companies that find innovative ways to source future employees and to retain them once they are hired will have a better chance of ensuring their IT needs are met.”  CIODive reports.

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