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Salary Forecast: Credit and Collections Representative

by Steve Johnson 04/20/2018 0 comments

A credit and collections representative, according to the Bureau of Labor Statistics, typically calls individuals and businesses who are overdue on their bills. They use investigative tools like the Internet, post office, credit bureaus, or neighbors to find out where they live before they call. When they do call (or perhaps email), they let them know that they have an overdue bill, and they try to negotiate a payment. The work can be stressful because people often become angry when they are faced with having to pay a debt.

Salaries at the National Level

The mean hourly wage for this position is $18.10, as of May 2017, according to BLS data. The annual average salary is $37,650. The median annual salary is $35,330, and those in the lowest tenth percentile earn $11.50 per hour, or $23,920 per year. Those in the 90th percentile earn $26.45 per hour, or $55,020 per year.

Salary by Industry

The highest paying industry for credit and collections representatives is Natural Gas Distribution at a mean hourly wage of $29.33, or $61,000 per year. Electric Power Generation, Transmission and Distribution pays an average of $24.57 per hour, or $51,110 per year. Water, Sewage, and Other Systems has an average hourly wage of $24.37, or $50,680 per year. Audio and Video Equipment Manufacturing has an hourly mean wage of $23.93, and the annual mean wage is $49,770, while Other Specialty Trade Contractors pays $23.87 per hour, on average, or $49,650 per year, on average.

Salary by State

Move to the District of Columbia to earn the highest salary for this occupation in the country. The annual mean wage there is $63,570, or $30.56 per hour. In Connecticut, the hourly mean wage is $22.34, or $46,470 annually. The third highest-paying state is Massachusetts at $21.49 per hour, on average, or $44,700 per year. New Jersey comes in fourth place at $21.11 per hour, on average, or $43,920 per hour.

Salary by Metro Area

The award for the highest-paying metro area for this occupation is Lowell-Billerica-Chelmsford, MA-NH, where the hourly mean wage is $27.11, and the average annual salary is $56,390. The Newark, NJ-PA metro area comes next at $26.96 per hour, on average, or $56,080. The Bridgeport-Stamford-Norwalk, CT metro area pays an average of $25.72, or $53,500 per hour. Fourth place belongs to Napa, CA at $24.21 per hour, on average, or $50,350 per year.

Salary by Non-Metro Area

The Northwest Colorado non-metro area pays the highest among non-metro areas with an annual average salary of $24.06, or $50,040 per year. The North Coast Region of California comes in second place at $22.43 per hour, on average, or $46,650 annually. The Southwest Washington non-metro area pays $22.11 per hour, on average, and the average annual salary there is $45,990. Finally, Southwest Wyoming is a great place to be because the average hourly wage is $21.56, or $44,850 per year.

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Salary Forecast: UNIX / Linux Engineers

by Steve Johnson 03/30/2018 0 comments

While UNIX is copyrighted, Linux can be considered a “UNIX clone,” according to CyberCiti.biz. Furthermore, TechWorm.net notes that “While Linux is an open source, free to use operating system widely used for computer hardware and software, game development, tablet PCS, mainframes, Unix is a proprietary operating system commonly used in internet servers, workstations and PCs by Solaris, Intel, HP etc.”

When considering network engineers for the purposes of occupational classification and salary, the Bureau of Labor Statistics lumps network architects and network engineers in the same job category.

Salary

The hourly mean wage of a network engineer was $50.12, or $104,240, according to the BLS, as of May 2016. The average annual salary was $104,240. Those earning in the 50th percentile made $48.66 per hour, on average, and $101,210 per year. Those earning in the lowest 10th percentile made an average of $26.74 per hour, or $55,610 per year. The 90th percentile made $76.25 per hour, on average, or $158,590 per year.

Salary by Industry

If you want to earn the highest possible salary for network engineers, consider working in the Specialized Design Services industry, where the average hourly salary was $84.57, or $175,900 per year. Next, consider the Semiconductor and Other Electronic Component Manufacturing industry, where the hourly wage was $68.14, or $141,740 per year. Next, in third place was the Commercial and Service Industry Machinery Manufacturing Industry, where the hourly average wage was $61.81, or $128,570 per year.

Salary by State

Move to California if you want to earn the highest salary in any state for network engineers. There, the salary was $60.26 per hour, on average, or $125,340 per year. Oregon network engineers could earn an average of $58.29 per hour, or $121,250 per year. New Jersey was in third place at $57.77 per hour, on average, or $120,150 per year. Check out Delaware as well, where the average mean hourly wage was $57.44, or $119,480 per year. Massachusetts wasn’t far behind with an average hourly wage of $56.33, or $117,160 per year.

Salary by Metro Area

Again, California is the best place to be if you want to live in high-paying metro areas. First, Santa Maria- Santa Barbara offered an hourly mean wage of $66.95, or $139,250 per year. Next, San Francisco-Redwood City-South San Francisco paid an hourly mean wage of $66.68, or $138,690 per year. In third place was San Jose-Sunnyvale-Santa Clara at $66.60 per hour, on average, or $138,540 per year, while San Rafael came in close behind at $66.20 per hour, or $137,700 per year. Santa Rosa offered an average hourly wage of $64.42 per hour, or $133,990 per year.

Salary by Non-Metro Area

If big city life isn’t your thing, head to the northern Pennsylvania non-metro area, the highest-paying non-metro area in the country for network engineers at $47.14 per hour, on average, or $98,060 per year. If you prefer even colder weather, go to the northwestern Minnesota non-metro area that had an average hourly wage of $45.57, or $94,790 per hour. The Balance of the Lower Peninsula in Michigan had an average hourly wage of $44.95, or $93,500. Maybe you prefer the tropics? Relocate to the Hawaii/Kauai non-metro area, where the mean hourly wage was $42.74 per hour, on average, or $88,900 per year. If you prefer somewhere more temperate, the southern Ohio non-metro area paid an average of $42.07 per hour, or $87,510 per year.

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Salary Forecast: Cisco CCIE Engineers

by Steve Johnson 03/23/2018 0 comments

According to NHPrice.com, “[t]he Cisco Certified Internetwork Expert, or CCIE, is a technical certification offered by Cisco Systems. The CCIE certifies the skills required of network engineers to plan, operate and troubleshoot complex, converged network infrastructures on a wide variety of Cisco equipment.” Depending on who you talk to, the CCIE may or may not be all that it’s cracked up to be as far as increasing your salary, but for many, it’s considered an important certification to have to get a great job. The Bureau of Labor Statistics puts network engineers under the umbrella of computer network architects for job classification and salary purposes.

Salary The mean hourly wage for network engineers was $50.12, as of May 2016, according to the BLS, and the average annual salary was $104,240. The median hourly wage was $48.66, and it was $101,210 per year. The 10th percentile earned $26.74 per hour, or $55,610, and those in the 90th percentile earned $76.25 per hour, or $158,590 per year.

Salary by Industry

The industry of Specialized Design Services paid an average hourly salary of $84.57 per hour, or $175,900 per year. The Semiconductor and Other Electronic Component Manufacturing industry paid an

average hourly wage of $68.14, or $141,740 per year. In third place was the Commercial and Service Industry Machinery Manufacturing industry with an average hourly wage of $61.81, or $128,570 per year.

Salary by State

Network engineers earned the highest in the nation in California with a mean hourly wage of $60.26, or $125,340 per year. Oregon was in second place at $58.29 per hour, or $121,250 per hour. New Jersey was in third place at $57.77 per hour, or $120,150. Delaware was in fourth place at $57.44 per hour, on average, or $119,480 per year, and Massachusetts was in fifth place at $56.33 per hour, on average, or $117,160 per year.

Salary by Metro Area

California held the five highest spots for the best-paying metro areas in the country for network engineers. Santa Maria-Santa Barbara had an hourly mean wage of $66.95, or $139,250 per year. San Francisco-Redwood City-Couth San Francisco paid an hourly mean wage of $66.68, or $138,690 per year. Next was San Jose-Sunnyvale-Santa Clara at $66.60 per hour, on average, or $138,540 per year. San Rafael was in fourth place at $66.20 per hour, or $137,700 per year, and Santa Rosa held fifth place at $64.42 per hour, or $133,990 per year.

Salary by Non-Metro Area

The northern Pennsylvania non-metro area was the highest-paying non-metro area in the country for network engineers at $47.14 per hour, on average, or $98,060 per year. Northwest Minnesota was next at $45.57 per hour, on average, or $94,790. The Balance of the Lower Peninsula of Michigan non-metro area had an average hourly wage of $44.95, or $93,500. The Hawaii/Kauai non-metro area was in fourth place at $42.74 per hour, on average, or $88,900 per year. Finally, the southern Ohio non-metro area paid an average of $42.07 per hour, or $87,510 per year.

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Salary Forecast: Staff Accountant

by Steve Johnson 03/15/2018 0 comments

Accountants perform a variety of duties, such as looking closely at financial statements to make sure they are precise and follow any applicable laws and regulations, according to the Bureau of Labor Statistics. They also calculate how much in taxes an organization or individual owes, and they prepare taxes and make sure they are paid correctly. They also make sure records are organized, up to date, and efficient.

Salary

The mean hourly wage was $36.89 for accountants, and the average annual salary was $76,730, as of May 2016, according to the BLS. The 10th percentile earned $20.26 per hour, or $42,140 per year. The median earned $32.76 per hour, or $68,150, and the 90th percentile earned $58.13 per hour, or $120,910 per year.

Salary by Industry

Find a job working in Other Investment Pools and Funds if you want to work in the highest-paying industry for accountants, where the hourly mean wage was $49.01, or $101,950 per year. The Securities and Commodity Exchanges industry came in second place at $46.21 per hour, or $96,120 per year. The third highest-paying industry was the Federal Executive Branch, where the hourly mean wage was $46.07, or $95,810 per year. The next on the list was the Security and Commodity Contracts Intermediation and Brokerage industry, and the hourly average wage was $45.99, or $95,660 per year. The fifth highest-paying industry was Pipeline Transportation of Crude Oil at $44.65 per hour, on average, or $92,880 per year.

Salary by State

New York was the highest-paying state for accountants, where the hourly mean wage was $44.85, or $93,280 per year. Head south to the District of Columbia if you want to earn an average of $44.81 per hour, or $93,210 per year. New Jersey paid the third-highest salary for accountants: $42.76 per hour, on

average, or $88,940 per year. Virginia accountants earned an average of $40.09 per hour, or $83,380 per year. California paid an average of $39.72 per hour to accountants, or $82,620 per year.

Salary by Metro Area

California held the top two spots for the highest-paying metro areas for accountants in the country. San Rafael, CA was in first place with an hourly mean wage of $56.03 per hour, or $116,530 per year, on average. San Jose-Sunnyvale-Santa Clara, CA was in second place at $48.59 per hour, on average, or $101,070 per year. New York-Jersey City – White Plains, NY-NJ held third place at $47.35 per hour, or $98,480 per year, on average. Salinas, CA was in fourth place at $44.47 per hour, on average, or $92,500 per year.

Salary by Non-Metro Area

The southwest Idaho non-metro area held the highest spot for accountants in non-metro areas with an hourly mean wage of $42.90, or $89,230 per year. The Nantucket Island and Martha’s Vineyard non-metro area paid an average of $41.21 per hour, or $85,720 per year. The southeast Alaska non-metro area paid an average of $39.92 per hour, or $83,020 per year. The Balance of Alaska non-metro area paid an average of $39.66 per hour, or $82,490 per year

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Salary Forecast: Payroll Manager

by Steve Johnson 03/09/2018 0 comments

Payroll managers are part of a company’s human resources administrative team. They are in charge of of the organization’s payroll department and make sure that all parts of the payroll process are done in the right way. According to the Bureau of Labor Statistics, they also handle payroll processes, write reports to give to accounting, and solve problems with any payroll issues that may arise.

Certification May Help Increase Pay

If you’re thinking of becoming a payroll manager, consider earning the Certified Payroll Professional credential from the American Payroll Association. There are several options to become one, but you’ll need to take the examination to earn the qualification. You may be able to earn a higher salary with this certification.

Salary

As of May 2016, the average hourly wage for payroll specialists, who are grouped under the occupational category of human resources managers by the BLS, was $57.79, and the average annual salary was $120,210. Those earning in the 10th percentile earned an hourly wage of $30.35 per hour, or $63,140 per year, while those in the 90th percentile earned $93.05 per hour, or $193,550 per year. The median salary was $106,910 per year, or $51.40 per hour.

Salary by Industry

The highest-paying industry for payroll managers was Monetary Authorities-Central Bank at $86.58 per hour, or $180,090 per year, on average. The next highest-paying was Securities and Commodity Contracts Intermediation and Brokerage at $80.86 per hour, or $168,180 per year, on average. In third place was Cable and Other Subscription Programming at $79.37 per hour, or $165,100 per year, on average.

Salary by State

New Jersey paid the highest at an annual mean salary of $157,110 per year, or $75.54 per hour. The District of Columbia came in next at $149,170 per year, on average, or $71.71 per hour. Rhode Island was in third place with an average yearly salary of $147,890, or $71.10 per hour. New York came in fourth place at a mean annual salary of $142,720, or $68.62 per hour. Colorado was in fifth place at $139,530 per year, on average, or $67.08 per hour.

Salary by Metro Area

If you want to live in the metropolitan area where payroll managers earn the most, head to Newark, NJ-PA, where the hourly mean wage was $82.01, or $170,570 per year. You can also try San Jose-Sunnyvale-Santa Clara, CA, where the average hourly wage was $79.29, and the yearly average salary was $164,920. San Francisco-Redwood City-South San Francisco, CA paid an average hourly wage of $77.93, or $162,090 per year.

Salary by Non-Metro Area

Maybe you don’t like the big city. That’s okay; you can still make a good living as a payroll manager. Check out West Central New Hampshire, where you could earn an average hourly wage of $64.16, or $133,450 per year. The Southwest New York non-metro area was the second highest-paying non-metro area with an average hourly wage of $61.31, or $127,530 per year. Finally, the Northern Vermont non-metro area paid an average of $59.17 per hour, or $123,060 per year, on average.

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Salary Forecast: Storage / Backup Architect

by Steve Johnson 02/26/2018 0 comments

Storage or backup engineers are in charge of the storage systems for organizations. They design and create storage configurations, using industry best systems in conjunction with specific organizational requirements. Additionally, they make sure that the right storage technology and setup is adequate. They may also come up with the methods and processes to be followed in order to run reports in the storage atmosphere.  

Salary 

According to the ComputerWorld 2017 salary survey, a storage/backup engineer who has worked for between one and fewer than five years in the information technology field earns an average of $70,000 per year, a figure that is inclusive of bonus and salary. For those with five to fewer than 10 years of experience, the 2017 average salary of a storage architect was $91,000 per year. This is a 3 percent increase over the 2016 figure of $88,350. For those with between 10 and 15 years of experience, the average salary was $123,000 in both 2016 and 2017. Backup/storage architects earned an average salary of $101,005 per year with 15 to fewer than 20 years of IT experience, compared to the 2016 figure of $73,851 per year, an increase of 36.8 percent. The national average for backup/storage architects was $110,553 annually. This was an increase of 4.2 percent from 2016, when the average was $106,109 per year. Keep in mind there were often not many respondents to the surveys for each of these categories.  

While the Bureau of Labor Statistics does not have an occupational category just for storage/backup architects, the job description most resembles that of software developers (software architects). According the BLS, the median salary in the United States, as of May 2016, for systems software developers was $106,860 per year, or $51.38 per hour. Those in the 25th percentile earned $83,270 per year, or $40.03. Those earning in the 75th percentile earned $64.41 per hour, or $133,970 per year.  The average yearly salary was $110,590, or $53.17 per year. 

The highest paying industry was Radio and Television Broadcasting, where the annual mean salary was $135,680, or $65.23 per hour. The Computer and Peripheral Equipment Manufacturing industry was the second highest-paying industry at an average of $63.28 per hour, or $131,630. The Securities and Commodity Contracts Intermediation and Brokerage industry was the third highest-paying industry at $62.57 per hour, or $130,150 per year. The Securities and Commodity Exchanges industry was in fourth place with an average hourly annual salary of $62.01, or $128,970 per year. The Advertising, Public Relations, and Related Services was in fifth place at $58.59 per hour, or $121,860 annually, on average. 

These were the highest-paying states, from highest- to lowest-paying: California ($61.92 per hour, or $128,800 per year, on average), Colorado ($58.11 per hour, or $120,860 per year, on average), Maryland ($56.78 per hour, or $118,090 per year, on average), Virginia ($56.41 per hour, or $117,330 per year on average), and Delaware ($56.13 per hour, or $116,750 per year, on average). 

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Salary Forecast: Database Engineer

by Steve Johnson 02/19/2018 0 comments

Database engineers may also be known as database administrators. Many of their tasks overlap with those of database engineers, and some companies may give either title to a particular position. For the purposes of this article, database administrators and engineers are grouped together as it relates to salary. 

According to the Bureau of Labor Statistics and Indeed.com, some of the responsibilities of database administrators and engineers include designing database systems, making sure the database is secure, creating a recovery process, and providing technical support. They also do regular maintenance on the system and establish database management processes, as well as provide user access. Additionally, they may combine old databases with new ones.  

To become a database engineer, most people earn a bachelor’s degree in a field like information technology or computer science, although some employers may not require a four-year degree. A master’s degree with an emphasis on databases and data may be preferred by some employers.  

Salary 

The 2017 ComputerWorld salary survey indicated that the national average for the job title of Database Developer/Modeler was $99,235, and it was $96,771 in 2016, an increase of 2.5 

As of May 2016, the median hourly wage for database engineers was $40.84, and it was $84,950 annually. The lowest 25th percentile made $29.97 per hour, or $62,350 per year, according to the Bureau of Labor Statistics. The highest 75th percentile earns $52.86 per hour, or $109,940 annually. The mean annual salary was $87,130, or $41.89 per hour.  

The Securities and Commodity Exchanges industry was the highest-paying industry for database engineers. The hourly wage was $54.94 per hour, or $114,280 per year. The Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures came in $54.31 per hour, on average, or $112,970 per year. The Beer, Win, and Distilled Alcoholic Beverage Merchant Wholesalers industry came in third place at $51.00 per hour, on average, or $106,070 per year.  

New Jersey was the highest-paying state, with an hourly mean wage of $51.61, or $107,340 per year. The District of Columbia was the second highest-paying at $48.74 per hour, on average, or $101,380 annually. Virginia came in third, and, there, the average hourly wage was $46.24, or $96,170 per year. Colorado paid the fourth highest among the states at $45.58 per hour, on average, or $94,810 per year. The fifth highest-paying state was California at $45.17 per hour, on average, or $93,960. 

The top three top-paying metropolitan areas were Trenton, NJ at $54.03 per hour, on average ($112,380 annually); Newark, NJ-PA at $53.68 per hour, on average ($111,660 per year), and San Francisco-Redwood City-South San Francisco, CA at $52.67 per hour, on average ($109,560). Midland, Texas was in fourth place at $51.27 per hour, on average ($106,530).  The Washington-Arlington-Alexandria, DC-VA-MD-WV metro area paid an average of $50.06 per hour, or $104,130 per year. 

The southwest Colorado non-metropolitan area paid $42.21 per hour, on average ($87,810 per year) and was the highest-paying non-metro area in the country. The west northwestern Ohio nonmetropolitan area came in second at $41.60 per hour ($86,520 per year). The west Texas nonmetropolitan area pays the third-highest salaries for database engineers for non-metro areas at $40.93 per hour, on average, or $85,130 per year. The southeast Iowa non-metro area paid an average of $40.34 per hour, or $83,900 per hour and was in fourth place, while the west central New Hampshire non-metro area came in fifth at $39.99 per hour, on average, or $83,170.  

 

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Salary Forecast: Internal Auditor

by Steve Johnson 02/12/2018 0 comments

Internal auditors are in a pivotal position. They make sure financial controls within an organization work well, and they keep all of the records of business policies and processes, according to Indeed.com. They also work to better customer service by implementing advancements in the audit and financial control systems. Additionally, internal auditors make sure vulnerabilities don’t cause problems to the organization, and they come up with new forms of auditing and make suggestions about financial management. The Bureau of Labor Statistics states that they ensure an organization’s money is managed properly. 

You’ll need at least a bachelor’s degree in accounting or a related field to get started in this profession, and you may need a master’s in business administration with an accounting focus to work for some employers. Some programs offer internal auditing bachelor’s degrees. 

You may become a Certified Internal Auditor with the Institute of Internal Auditors when you have worked for 2 years in the position and pass a test.  

For statistical reporting purposes, the Bureau of Labor Statistics groups accountants and auditors in the same occupational category. The average hourly wage was $36.89, or $76,730 per year, as of May 2016. The median salary was an average of $68,150 per year, or $32.76 per hour.  Those earning in the lowest 25th percentile earned $20.60 per hour, or $53,240 per year, while those in the 75th percentile earned $90,670 per year, or $43.59 per year.  

The highest-paying industry was Other Investment Pools and Funds with an hourly mean wage of $49.01, or $101,950 per year. In second place was the Securities and Commodity Exchanges industry at $96,120 per year, on average, or $46.21 per hour. The Federal Executive Branch (OES Designation) came in third place at $46.07 per hour on average, and $95,810 per year.  

If you worked as an internal auditor in New York, you’d be living in the highest-paying state for this profession with an annual mean salary of $93,280 per year, or $44.85 per hour. The District of Columbia was in second place with an hourly average wage of $44.81, or $93,210 per year. New Jersey came in third place at $42.76 per hour, on average, or $88,940 per year. Fourth place belonged to Virginia at $40.09 per hour, on average, or $83,380 per year. The fifth highest-paying state was California at $39.72 per hour, or $82,620 per year, on average.  

The San Rafael, CA metropolitan area had the highest hourly mean wage for metro areas at $56.03, or $116,530 per year. Next came San Jose-Sunnyvale-Santa Clara, CA at an average of $48.59 per hour, or $101,070 per year. The New York-Jersey City-White Plains, NY-NJ area came in third place at $47.35 per hour, on average, or $98,480 per year.  

The highest-paying non-metro area was southwestern Idaho at an average of $42.90 per hour, or $89,230 per year. Next was Nantucket Island and Martha’s Vineyard at $42.21 per hour, on average, or $85,720 per year. Third place belonged to southwestern Alaska at $39.92 per hour, on average, or $83,020 per year.  

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Salary Forecast: Senior Financial Analyst

by Steve Johnson 02/05/2018 0 comments

Financial analysts are at the forefront of business decisions. They are advisors to both businesses and individuals who want to make investments. They evaluate how well bonds, stocks, and other investments perform.  

To become a financial analyst, you’ll need at least a bachelor’s degree that provides classes in accounting, statistics, mathematics, economics, and finance, according to the Bureau of Labor Statistics. You’ll also need a license from the Financial Industry Regulatory Authority to sell financial products if you plan to go into the sell-side of financial analysis.  

Becoming certified as a Chartered Financial Analyst from the CFA Institute can also help you get promotions, which will put you on the track to earning the salary of a senior financial analyst. You’ll gain experience working in a particular investment area. Then you can work as a portfolio manager and choose the specific investments for an organization. You might also work as a fund manager for individuals. Finally, getting a master’s degree in finance or business administration can significantly boost your chances of becoming a senior financial analyst.  

Salary 

The median annual salary for financial analysts, as of May 2016, was $81,760, according to the BLS. The median hourly wage was $39.31. The average annual salary was $97,640, and the mean hourly wage was $46.94.  

Senior financial analysts typically earn on the higher end of the salary continuum for the position. The BLS states that those in the 75th percentile earned $53.73 per hour, or $111,760 per year. Those in the 90th percentile earned $165,100 per year, or $79.38 per hour.  

Those in the lowest 25th percentile earned $30.11 per hour, or $62,640, while those in the lowest 10th percentile earned $24.21 per hour, or $50,350. 

The industries where senior financial analysts could earn the most include Grantmaking and Giving Services, where the hourly mean wage was $68.68, and the annual mean wage was $142,850. Securities and Commodity Contracts Intermediation and Brokerage came in second at $63.16 per hour on average, or $131,370 per year. Other Investment Pools and Funds was third at $61.09 per hour, or $127,060. Lessors of Real Estate was the fourth highest-paying industry at $59.24 per hour, on average, and $123,210 per year. In fifth place was Other Financial Investment Activities at an average of $57.29 per hour, or $119,170 annually.  

The top paying states for financial analysts were: 1.) New York ($62.33 per hour, on average, and $129,640 per year), 2.) Colorado ($53.84 per hour, or $112,000 per year, on average), 3.) California ($52.72 per hour, or $109,650 per year, on average), 4.) Connecticut ($50.43 per hour, or $104,880 per year, on average), and 5.) the District of Columbia ($49.95 per hour, or $103,900 per year, on average). 

San Francisco-Redwood City-South San Francisco, CA was the highest-paying metropolitan area for financial analysts. There, they earned an hourly mean wage of $68.19 per hour, or $141,840 per year. Next came New York-Jersey City-White Plains, NY-NJ , where the average hourly salary was $64.00, or $133,130 per year. In third place was San Luis Obispo-Paso Robles-Arroyo Grande, CA , where the average hourly wage was $58.06, and the annual mean salary was $120,750. 

The top three non-metropolitan areas for salary were: 1.) southeast Alaska at $61.68 per year, on average, or $128,290 per year, 2.) west central New Hampshire at $51.22 per hour, on average, or $106,530 per year, and 3.) northern West Virginia at $46.13 per hour, on average, or $95,680 per year.  

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Salary Forecast: Enterprise Architect

by Steve Johnson 01/29/2018 0 comments

A three percent salary increase for those working in IT in 2017 is nothing to sneeze at, but it is a bit lower than the previous two years’ salary increases, according to the 2017 ComputerWorld IT Salary Survey. The annual IT job market gain was less than management consulting firm Janco Associates initially projected for 2017 compared to 2016. Janco Associates released its 2018 salary survey and noted that “IT compensation for all IT Professionals increased by 3.5%,” and “The IT job market is poised for expansion. We predict that the IT job market will grow by 84,000 net new jobs.”

All this is pretty good news for anyone in IT, even if there is a bit of a slowdown compared to the previous year or two, but what does it mean, specifically, for Enterprise Architects?

Enterprise Architects have a unique role in IT, connecting information technology and project management, according to Indeed.com. They work to identify goals, policies, projections, and procedures that are common to both departments. They formulate a summary of business assets, business development plans, and IT processes, along with other business operations to create changes to grow a company’s ability to sustain itself and to expand. They use architectural models and work in concert with executives to create standards and baselines. They also play an important role in talent management. Ultimately, they find new ways to improve the IT department to support a company’s future business goals and to help ensure it stays viable, innovative, and agile in the coming years.

In general, Indeed.com data from submissions to Indeed by Enterprise Architect employees, users, and job advertisements in the last two years indicates that the average salary for this occupation is $131,845 per year.

Entry-Level

According to ComputerWorld, the average annual salary of a typical Enterprise Architect in 2017 was $133,830. An Enterprise Architect with between one and four years of IT experience earned about an average of $98,000 per year. This included bonuses.  If you’re an Enterprise Architect with between five and nine years of experience working in IT, you can expect to earn about $132,333, on average, including bonuses. This is the 2017 figure, and the salary was just $122,913 for an Enterprise Architect fitting this profile in 2016, which is a 7.7% increase in overall salary.

Mid-Career

For those who have worked in IT for between 10 to 14 years, an Enterprise Architect could expect to earn $126,333 per year, on average, including bonuses, whereas the 2016 salary plus bonuses amount was $122,270. For those with between 15 and 19 years in IT, the average annual compensation was $135,357 in 2017, up 1.1% from $133,895 in 2016.

Bureau of Labor Statistics

While the Bureau of Labor Statistics doesn’t report on Enterprise Architects’ salaries specifically, they do publish data for Computer Systems Analysts, who “study an organization’s current computer systems and procedures, and design solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both,” which is very similar to the job description of an Enterprise Architect.

Just using this as comparison with the ComputerWorld data, the 2016 median pay was $87,220 per year. The lowest 10 percent made less than $53,110 per year, and the 25th percentile earned an average of $67,460 per year. The 75th percentile made an average of $111,040 per year. The highest 10 percent made over $137,690. The average annual wage, according to the BLS, was $91,620.

New Jersey was the highest-paying state with an average annual salary for this occupation of $102,310. Next was California at $101,440, followed by the District of Columbia at $101,240 per year

The top-paying metro area was the San Francisco-Redwood City-South San Francisco, CA metropolitan division at $119,240 on average per year, followed by San Jose-Sunnyvale-Santa Clara, CA at $116,530, and then Gainesville, GA at $116,400 per year, on average.

 

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