SAN MATEO (05/15/2000) - A look at InfoWorld's 1999 salary survey and financial resources sites suggests that demand for IT personnel is especially strong in the financial services industry.
Gross domestic product:
$8.11 trillion, national total
$1.27 trillion, finance industry
Annual salary for an IT manager:
$69,491 national average
$76,710 finance industry average
Most common reasons for a cash bonus:
1) Profit sharing
2) Yearly performance evaluation
3) Completion of work year
Average experience of an IT worker in the financial services industry: 6.44 yearsHours worked per week:
48.4 hours, national average
48.8 hours, finance industry average
Top motivating factors for finance industry IT pros:
1) Compensation, including benefits
2) Satisfaction of helping the company
3) Appreciation, recognition from managers, usersEducation level of IT workers in the finance industry:
Associate's degree - 21.6%
Bachelor's degree - 53.8%
Master's degree - 24.4%
Financial Executives Institute - www.fei.orgThis site is aimed at senior finance executives and offers a wide range of finance tools and career services. The Technical & Policy Issues section addresses topics such as Web reporting of corporate financial information.
American Bankers Association - www.aba.comIndustry news, hot finance issues, and education are among the many subjects covered on this site. In-depth information is available on I-commerce, electronic banking, and online security.
AICPA - www.aicpa.org
The American Institute of Certified Public Accountants provides information about ways that technology is changing the finance and accounting industry. The Top 10 Technologies section lists the biggest IT hurdles finance and technology professionals face.
(*)Includes insurance and real estate sectorsSOURCES: 1999 INFOWORLD COMPENSATION SURVEY, U.S. BUREAU OF ECONOMIC ANALYSIS