Main image of article Which Tech Salaries are Rising in 2023?

Which tech professions have seen their compensation rise noticeably over the past six months?

According to levels.fyi’s 2023 Mid-Year Compensation Report, the roles enjoying the biggest compensation gains between the second half of 2022 and the first half of 2023 include software engineering manager, technical program manager, business analyst and hardware engineer. Here’s the full chart, which also shows a few roles (software engineer, sales) where compensation either hasn’t risen or declined during the period:

It’s important to note that levels.fyi crowdsources its compensation information, and these totals may not reflect how much a particular company pays folks in these roles. That being said, if you’re working in one of these positions, keep in mind that rising salaries often align with increasing demand—and you can use that fact to negotiate for higher pay from your current employer.

It’s no secret, of course, that managers in tech make quite a bit, particularly if they have an aptitude for successfully guiding large teams. According to the most recent Dice Tech Salary Report, those in the upper echelons of IT management (CIO, CTO, etc.) earn an average salary of $164,814 per year; product managers make $139,100; and project managers, $120,653. Compensation can climb radically higher with experience, especially at the right company; managers at Google, for instance, a director of engineering can pull down more than $1.5 million per year once you factor in stock grants, salary, and more.

As more companies turn to mining their data for strategic insights, compensation for analysts and data scientists should likewise increase, especially for those with specialized knowledge of particular industries such as healthcare. The need for data wrangling will only rise in coming years as tools get more sophisticated and companies’ datasets grow ever larger.