The Dominion of Design
Sanjay Gangal is a veteran of Electronics Design industry with over 25 years experience. He has previously worked at Mentor Graphics, Meta Software and Sun Microsystems. He has been contributing to EDACafe since 1999.
Median Income of Electrotechnology, IT Professionals Rises to $130,000 for Largest Gain in Past Five Years
November 17th, 2015 by Sanjay Gangal
Article source: IEEE
Median income for electrotechnology and information technology professionals jumped by more than 4 percent in 2014, the largest increase in the past five years, according to the 2015 IEEE-USASalary & Benefits Survey.
Median incomes from primary sources — salary, commissions, bonuses and net self-employment income — for U.S. IEEE members working full-time in their primary area of technical competence (job specialty) rose from $124,700 in the 2013 tax year to $130,000 in 2014.
The 4.25 percent increase comes a year after median income rose by its small percentage over the past five years, .56 percent.
The results are based on survey responses from 10,215 people. Here are median incomes since 2009:
Those employed in communications technology once again enjoyed the highest median earnings ($150,000), followed by circuits and devices ($143,008) and signals and applications ($141,062).
The lowest median incomes were recorded by those in industrial applications ($120,000), systems and control ($119,572) and energy and power engineering ($116,175).
For more information on the 2015 IEEE-USA Salary & Benefits Survey and to purchase a copy, go to http://shop.ieeeusa.org/usashop/product/careers/162095.
Salary Calculator Available to Members and HR Professionals
IEEE members who completed the 2015 salary survey are entitled to five free uses of the IEEE-USA Salary Calculator (https://salaryservice.ieeeusa.org/ss/login.asp). This online tool helps you benchmark your salary and benefits against other professionals in your job specialty and in characteristics such as age, years in the profession and geographic location. Members who would like more uses can purchase additional five-use packages of the salary calculator. This is a member-only benefit.
Members and human resources professionals can also purchase an unlimited annual subscription to the IEEE-USA Salary Service (https://salaryservice.ieeeusa.org/ss/login.asp). This provides companies access to the IEEE-USA Salary Calculator so they can set competitive compensation packages to recruit and retain electrotechnology and IT professionals. IEEE-USA Salary & Benefits Survey eReports (2009-2015) are included.
The IEEE-USA Salary Service combines the power of a large number of respondents with online relational databases, the ability to search on many variables and sophisticated regression analysis.
The IEEE-USA Salary & Benefits Survey, 2015 Edition, is the 28th compensation survey IEEE-USA has conducted since 1972.
IEEE-USA serves the public good and promotes the careers and public policy interests of nearly 200,000 engineering, computing and technology professionals who are U.S. members of IEEE.