The technology sector continues to be a hotbed of opportunity. The U.S. Bureau of Labor Statistics predicts faster-than-average growth in computer and information technology occupations, with an estimated 356,700 job openings per year through 2033.
This high demand for technical talent has led to increased competition among employers, leading to higher salaries and innovative compensation strategies.
Stock options are often included in the compensation packages offered by tech companies, especially startups. These can potentially be very lucrative in successful companies, sometimes adding significant amounts to an employee’s total compensation.
Larger public technology companies often offer stock grants, often as restricted stock units. This practice serves to both attract and retain skilled professionals while aligning their interests with the company’s performance. For many in the technology sector, particularly those in senior positions, stock grants can represent a significant portion of their total compensation. In some cases, the value of these grants can exceed an employee’s base salary.
To encourage long-term commitment, equity awards typically include vesting periods, often lasting four years. This structure serves as an effective retention strategy for technology companies.
While stock issuances offer the potential for significant financial gains if the company prospers, they also carry inherent risks as the value can fluctuate significantly based on fluctuations in the company’s stock price.
Jobs That Make Over $100,000 in Tech
From experienced software engineers to emerging roles in artificial intelligence and machine learning, the tech landscape offers plenty of six-figure career opportunities.
As digital transformation accelerates across industries, professionals with in-demand skills in areas such as software development, data science, cybersecurity and cloud computing are particularly well positioned to secure high-paying roles.
Obtaining these coveted positions often requires a combination of advanced technical skills, relevant experience, and sometimes specialized training or certifications.
Below is a list of five promising careers in technology that could potentially earn you $100,000 or more, according to Levels.fyi. It also outlines the qualifications and education requirements needed to pursue these positions.
1. Backend Software Engineer
Median Total Compensation: $180,000
Job Summary: Back-end software engineers create the essential infrastructure that drives the functionality of web applications. Their domain includes servers, databases, and applications, with a focus on ensuring smooth and efficient operations.
Unlike their front-end counterparts who focus on the visual and user-interactive elements, back-end software engineers are primarily concerned with the operational aspects and performance of digital platforms. Their coding expertise is applied to manage critical tasks such as data management, information processing, user authentication, and cybersecurity measures.
Qualifications: A bachelor’s degree in fields such as computer science, software engineering, network engineering and security, or information technology provides fundamental skills in back-end programming, software design, computer architecture, and web development. However, it is possible to pursue a career as a back-end software engineer without a formal degree. Bootcamps can prepare you for a job in six to 12 months and are significantly more affordable than a traditional college degree.
2. AI researcher
Median Total Compensation: $180,000
Job Summary: AI researchers are experts dedicated to pushing the boundaries of artificial intelligence through systematic study and testing. Their mission is to tackle complex AI challenges, advance scientific understanding, and discover groundbreaking ways to apply AI in diverse fields. These specialists conduct in-depth research to improve and revolutionize current AI frameworks. Their responsibilities range from creating advanced algorithms to performing data analysis and leveraging machine learning strategies to address real-world problems.
Qualifications: AI researchers typically have a Ph.D. or equivalent experience in computer science, AI, or a related technical field. They demonstrate their expertise through extensive AI research experience, often proven by publications in reputable journals. Proficiency in programming languages such as Python, Java, or R is essential to their work. These professionals also bring a deep understanding of machine learning, neural networks, and computational statistics to their research and development efforts.
3. Network technician
Median Total Compensation: $201,000
Job Summary: A network engineer, also called a network architect, designs and implements computer and information networks, including local area networks, widespread networks, and intranets. They provide input into enterprise-wide security, hardware, and software decisions. Network architects plan and execute the layout of cables and other required components for network systems.
Qualifications: A network engineer must have a bachelor’s degree in computer science, information systems, information technology, or a related field. This gives the candidate an in-depth understanding of network security and database design. There are also certification courses, such as CCENT, CompTia A+ certification, and VMware Certified Professional, that can help you land a job as a network engineer.
4. Quantitative researcher
Median Total Compensation: $202,300
Job Summary: A quantitative researcher, or quant researcher, in technology typically refers to a professional who applies advanced mathematical and statistical techniques to analyze data and develop models for technology companies.
Quantitative
Researchers play a critical role in developing advanced algorithms and models that drive innovation in areas such as AI, machine learning, and data analytics. Their work often forms the basis for new products and features. They can predict future patterns, assess potential risks, and refine strategic approaches.
Qualifications:Aspiring quantum researchers typically begin their journey with a bachelor’s degree in fields such as mathematics, statistics, computer science, or engineering. A critical skill for these professionals is proficiency in programming languages such as Python, R, or MATLAB. These programming tools are essential to their work, serving as the primary means of processing data, performing statistical evaluations, and constructing models. This technical expertise enables quantum researchers to effectively process large data sets and create complex quantitative frameworks.
5. Technical Product Manager
Median Total Compensation: $243,000
Job Summary: Technical product managers transform a product vision into reality by working with teams to develop and refine design features. They are responsible for creating and managing product roadmaps, and coordinating with various teams to ensure that a product’s design elements effectively address user needs.
Qualifications: Most technical product managers have a bachelor’s degree in software engineering, computer science, or a similar technical discipline. The career path often begins with a junior software engineer position, progressing to a senior software engineer role. From there, professionals can advance to engineering managers or move into technical product management. It is uncommon for individuals to jump directly into technical product management without first demonstrating their capabilities in a technically oriented position.