IT Job Market grows 10 major findings

Where are the jobs for our college graduates?

IT Job Market growth is slow.  Over the last few years the number of new jobs for college graduates has not kept pace with the number necessary for them all to be gainfully employed.  The job markets that have had the most growth are: Washington DC, Seattle Tacoma Washington, San Jose and Bay Area, and Boston.

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Many jobs have been added (203,000), however at the same time there has been a significant number of jobs (Over 140,000) that have been eliminated or outsourced — especially in telecommunications and IT service organizations.  The top 10 IT related occupations requiring bachelor degrees that have produced the most jobs within the U.S. in the last 24 months include the following.

  1. Software Developers (Applications and Systems Software):
    70,900 jobs added – 7% growth
    Median Compensation – Applications $85,800 Systems Software $93,200
  2. Accountants/Auditors:
    37,000 jobs added – 3% growth
    Median Compensation – $60,500
  3. Computer Systems Analysts:
    27,000 jobs added – 5% growth
    Median Compensation – $75,300
  4. Human Resources, Training, Labor Relations Specialists:
    22,800 jobs added – 5% growth
    Median Compensation – $52,900
  5. Network and Computer Systems Administrators:
    18,700 jobs added – 5% growth
    Median Compensation – $68,600
  6. Security Analysts, Web Developers, Network Architects:
    15,800 jobs added – 5% growth
    Median Compensation – $72,100
  7. Mechanical Engineers:
    13,900 jobs – 6% growth
    Median Compensation – $76,500
  8. Industrial Engineers:
    12,300 jobs added – 6% growth
    Median Compensation – $74,900
  9. Computer Programmers
    11,600 jobs added – 3% Growth
    Median Compensation – $77,000
  10. Database Administrators
    7,500 jobs added – 7% growth
    Median Compensation – $72,900

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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA’s Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.