Now a part of the IT giant Microsoft, LinkedIn has been collecting data since last November in a bid to shed light on the highest-paying sectors and in turn inform professionals of these facts. Here is what it found.
About the survey
Last year, LinkedIn launched a salary tracker to allow people to get an idea of what people working in similar roles were earning.
The tool took into account location, gender and the amount of experience the candidates had, amongst other factors, and used anonymous data from more than two million members on its site.
The publication, which ultimately aims to help improve career prospects for its many members, has come as quite a surprise to many. The biggest of these may be that the IT and software industry is where you want to be if the average salary of $100,000 (over £75,000) is anything to go by!
Although individual jobs, such as those in medicine, are generally the highest earners – particularly for highly-specialised roles such as surgeons and cardiologists – tech is the sector that comes top thanks to its collective compensation.
Tech-related industries are the only ones to break into the $100,000 mark for median compensation. It therefore comes in just ahead of the manufacturing industry, while education comes very low on the list.
Media and communications makes an appearance somewhere in between, which suggests that teachers really are at the bottom of the pile when it comes to their earnings.
While tech is in the lead, it is unsurprising that many jobs in finance, sales and taxation are high up on the salary tracker, with finance having the best set-up for new entrants to make the most money possible.
Within the tech industry, product engineers and user-experience designers are the two highest-paying entry-level roles, paying $68,000 and $72,000 respectively.
Does the tech industry have any faults?
While the data collected for this survey engaged with the idea of a gender gap across numerous sectors, it did not give figures on skin colour; therefore, no insight can be drawn on the presence – if any – of racial discrimination in the tech industry.
When it comes to gender, however, the facts make it clear that the tech sector is amongst the worst for gender diversity, with one of the lowest ratio of female staff on record. It is accompanied by construction, transportation/logistics and manufacturing.
Recruiters love this COMPLETE set of Accredited Recruitment & HR Training – View Training Brochure