Resource Hired publishes an interesting statistics on salaries of specialists involved technological sphere for the second year in a row. They are considered to be the best in statistics due to facilitation all recruiting process from vacancy publishing to interview and job offer. This year they received the data about markets of USA, Great Britain, France, Australia, Singa etc., those are considered to be the main directions of migration the “brains” of the world.
Unlike other companies that operate flawed data as a result of not taking into consideration company size, candidate’s experience or location and also the desire of companies to stay anonymous while calculating salaries, statistics exposed by Hired is true to life being based on actual job offers to real people.
The main point is that Salary amount is being corrected with accommodation. Here should follow few notorious speculations.
One of them runs that life in Bay Area (San Francisco and Silicon Valley) is terrible overestimated. For instance, in Austin, Texas, average annual salary of an engineer is $110, 000. That is the same as $198,000 in San Francisco. What should be minded is the difference of way of life in these cities. If to compare with other IT markets USA is more mature and have already undergone significant alterations. Due to this reason salaries in this country are higher than in other countries. Since 2015 salaries in IT in misc states have scaled up to 2-3%. Though in some states they have become lower 2-5%
This amount – $198,000 – in San Francisco is not a sum to get for newcomers. Most always salary amount in USA is pointed before the taxes (about 24-32%) and with relation to one year.
Taking into consideration that more than 60% of vacancies in Austin offer relocate in USA (is the same as sponsor your visa $5,000-$10,000 and relocate itself (up to $10,000), Austin and not San Francisco should become your relocation city in USA.
Another insight: European, Asian and Canadian job marketplaces offer foreign job applicants salary that exceeds salary of locals for 57%. The fact that almost ¾ of such companies are ready to defray expenses on relocation including visa fees, tickets, accommodation etc. serves as a pleasant bonus. Usually such expenses up to $10,000.
The third strong insight is increase of offers and salaries of data scientists and product managers in most 3% and 6% respectively. USA IT market seems to have run out their human resources in these technologies.
In USA, salaries of product managers are considered the highest ones and we can track its annual growth.
Every year professional product and project managers go to USA for work. As far as Data science is concerned such skills as Machine learning, Data analysis and other latest technologies are very much on demand.
Age & Salary
Due to the data of Hired candidates aged 25 – 30 get more job proposals. The situation changes when they reach 45, when according to the findings on this age one faces a decrease in average salary figures.
To conclude, after a certain age experience in IT is not considered as the most important characteristics of a specialist. Opportunity of being hired may be influenced by such factors as culture fit or experience with new technologies. So please consider these factors before changing jobs.