Salary Growth Linked to Education and Training for IT and
Business Professionals
According to 2008 Report Conducted by Global Knowledge and TechRepublic
Modest Annual Salary Growth
This year’s average was up 3.25% from our 2007
findings to $73,963. The number of participants that reported
receiving a raise was also up from 68.7% to 80%.
Education and Training Impact
Salary
The average salary for those with a four-year
degree is $76,446 compared to $65,712 for a certificate or degree
from a technical school. While four-year and graduate degrees offer
a more diverse education, additional training and certification
also have an impact on salary.
Training Required for Long Term
Success
While the demand for the IT professional is
increasing, critical technical skills are constantly changing, so
long-term success will require broader education and experience.
According to our research, the three fastest growing occupations
are network systems and data communications analysts, computer
systems analysts, and computer software applications engineers.
Popularity and Salary for Business
Certifications Grow
PMI’s Project Management Professional
(PMP®) and the IT Infrastructure Library™
(ITIL®) were among the highest paying
certifications.
Building Skills is A Training
Motivator
An overwhelming majority of 65% indicated that
their major motivation for training was to build new skills and
knowledge. As well, the report revealed an increase in the
popularity of business
skills, including project management.
Information Sector Projected to
Grow
The Bureau of Labor Statistics recently
estimated that the information sector will be the fastest growing
sector of the economy for the next ten years, reaching $1.7
trillion in 2016. Most of this projected growth is expected in
telecommunications, software publishing, and Internet.
The joint Global Knowledge/TechRepublic salary
survey was conducted via the Internet over a two-week period in
2007. With 7,193 respondents, the margin of error is less than +/-
0.12% at the 99% confidence interval.
To download the complete report, visit
www.globalknowledge.com/salary08
###
About Global Knowledge
Global Knowledge is the worldwide leader in IT
and business training. We deliver via training centers, private
facilities, and the Internet, enabling our customers to choose
when, where, and how they want to receive training programs and
learning services. Our core training is focused on Cisco,
Microsoft, Nortel, and Project Management. Our IT courses include
networking, programming, operating systems, security, and
telephony. Our business courses feature project management,
professional skills, and business process curriculum, including
ITIL. Our more than 700 courses span foundational and specialized
training and certifications. Our OnDemand Software division
provides enterprise application training software solutions that
enable rapid user adoption and accelerate the return on investment
for enterprise application implementations.
Founded in 1995, Global Knowledge employs more
than 1,500 people worldwide and is headquartered in Cary, N.C. The
company is owned by New York-based investment firm Welsh, Carson,
Anderson, and Stowe.
About TechRepublic
TechRepublic (www.techrepublic.com), a
property of CNET Networks, Inc, provides millions of IT
professionals with essential technical content dedicated to meeting
their day-to-day demands for timely and relevant information.
TechRepublic’s members, representing all segments of the IT
industry, turn to the site for the information, advice, tools and
services they need to get their jobs done.
Global Knowledge Media
Contact
Linda
Palmer
919-460-3269
Linda.palmer@globalknowledge.com