Our newest salary survey shows analytics and data-management professionals are in big demand. Whether you are hiring or job hunting, consider these pointers for your search.
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Despite the weak economy and zero growth in many IT salary categories, business intelligence (BI), analytics, information-integration and data warehousing professionals are seeing a slow-but-steady rise in income.
Our InformationWeek 2013 U.S. IT Salary Survey reveals that the median BI/analytics staff salary for 2013 is $90,000, up 1.8% from last year, according to 334 respondents in this category. The median BI/analytics manager salary is $119,000, up 2.2% from last year, according to 230 respondents. The full BI/analytics and information management salary report will be published April 19.
In the data integration/data warehousing category, the median staff salary is $104,000, up 1.7% from 2012, according to 152 respondents, and manager salaries are $118,000, up 1.8% from 2012, according to 90 respondents in this category.
Very few of the 22 IT categories we cover have been doing as well or better than these data-savvy professionals in recent years. The exceptions include hot categories such as cloud computing, mobile/wireless and Web security specialists.
Our survey doesn't cover big data scientists as yet, but reports we've seen have these PhD-level analytics experts earning anywhere from $117,500 to $145,000.
Keep in mind that these are median salary figures, and many factors will determine whether you'll pay (or be paid) more or less.
Here are seven insights to keep in mind when hiring or taking a new job.
1. Location matters.
The top pay levels are earned in the Pacific, Northeast and South Atlantic regions, in that order, followed by the Midwest, South Central and Mountain regions. This regional order applies to staff and managers alike, and in both cases the difference between the Mountain and Pacific pay scale is at least $20,000.
2. Age and gender matter.
Older males earn more. It's easily defensible that workers tend to earn more as they move up from the "25 or less" age bracket to "55 and over" because they're gaining experience. But is it fair that women consistently earn less? Female staff in the combined BI/analytics and data integration/data warehousing categories earn $91,000 while their male counterparts earn $100,000. Female managers in these categories earn $110,000 while their male peers earn $133,000. That's just wrong.
3. Creative types earn more than administrators.
It's not spelled out in our data, but employers and consulting firms tell us they don't pay big bucks for keeping the lights on. The top salaries go to those who "know how to manipulate data, look at it in different ways and help customers either impact the bottom line or come up with new offerings," says Ahmar Abbas, VP of global services at Disys, a global IT staffing and services firm with about 4,000 employees. About 10% of these professionals specialize in data warehousing and analytics, and over the last two years Disys has also built up a team of about 140 specialists in big data analysis.
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