Why you should be investing in information technology
A major investment in information technologies could help to make a huge difference to your job security, according to a new survey by consultancy Citi.
The firm’s latest Business of Tomorrow study finds that the average IT job pays around $45,000 a year and that many of those positions will require a degree in information security.
The results were released ahead of the World Economic Forum (WEF) summit in Davos, Switzerland, which will discuss global issues including digital currency.
According to the report, the average US IT professional earns about $62,000 annually.
The median wage in the US is $50,000.
Citi’s research also found that there are now around 5 million IT jobs in the United States, with almost all of them requiring a bachelor’s degree or higher.
While the IT sector in the country has seen a rise in the past decade, a recent report from the Institute for Human Resources at the University of Texas at Austin (UT Austin) found that employment in information systems has been stagnant for decades.
“I think it is a bit ironic that, at the same time, the sector that is the fastest-growing in terms of employment in the entire economy has also seen the highest levels of job insecurity in recent years,” said Citi’s head of business innovation and digital innovation, Paul E. Zappala.
“I think this has to do with a lot of the economic challenges that we are facing right now.”
According to Zappella, IT has become increasingly difficult to find jobs in recent decades.
“People want to find ways to be independent and to do things differently, and it is hard to do that in the information technology space,” he said.
“When people say that they can’t do something, they mean it’s impossible.
When you can do it, it’s really hard to stop.
That is why it is really important for people to take on a degree.”
Zappala is also keen to point out that IT jobs can provide an important source of income for the middle class.
“It is also important for IT jobs to be flexible, which means that they don’t have to be tied down to specific careers or industries,” he added.
The research also revealed that the IT workforce is increasingly mobile.
A growing number of IT workers work remotely, with an average of about 10 per cent of US jobs requiring a degree or greater.
“This has really been a very dynamic industry, and I think it really shows how the way in which the world has changed in the last 30 years,” Zappalla said.
“It is now a world that is more connected and people are not as tied to their own physical home.”
According the research, more than 50 per cent are self-employed and over half of IT jobs are performed by people aged 35-44.
Zappalla believes the IT industry needs to become more flexible and adapt to change.
“The internet and the way that we work is changing the way we do business, and that is really something that we need to address,” he explained.
“We need to be more flexible.
We need to adapt.
We don’t need to do the same thing we used to do, which was rigid, static.”
According, more IT jobs will need a bachelor degree in Information Technology, which can cost anywhere between $35,000 and $45.000 a month.
This could include a Bachelor of Science (BS) degree, which is equivalent to a master’s degree in a subject such as computer science or information technology.
“For example, if you have a bachelor of science in information information systems and you go into a technology field that requires a master of science, that would be equivalent to going into the information security field and a bachelor in information assurance,” Zappa said.