As an IT manager, your salary might depend on several factors. Your earnings can be influenced by your education, earned certifications, years of experience, employment location and the size of your company.
The annual salary of an IT manager can range from $90,430 to $208,000. Ultimately, your salary will depend on your industry and negotiations with your company’s HR department.
Salary ranges are not specific to students or graduates of University of Phoenix. Actual outcomes vary based on multiple factors, including prior work experience, geographic location and other factors specific to the individual. University of Phoenix does not guarantee employment, salary level or career advancement. U.S. Bureau of Labor Statistics (BLS) data is geographically based. Information for a specific state/city can be researched on the BLS website.
Employment for IT managers is expected to remain favorable over the next decade. From 2020 to 2030, jobs for computer and IT managers are projected to grow 11%, according to the U.S. Bureau of Labor Statistics. This predicted growth rate is well above the average forecast across all occupations (8%).
More than 42,000 computer and IT manager positions are expected to open each year for the next decade, due largely to individuals exiting the workforce. As companies continue to migrate operations online, the demand for IT managers should grow with the need for cybersecurity.
Cloud computing — the use of cloud resources to securely manage data online — may further increase the number of employed IT managers. Some companies might even choose to outsource their cloud computing needs to third-party IT providers, which could mean cloud companies will hire more IT managers directly.