Top 10 Highest Paying IT Jobs in 2020
Are you interested in Data Science? Or maybe you are fascinated by Artificial Intelligence? Or do you just like coding? Well, either way, your future is bright!!! The IT industry is one of the fastest-growing industries in the world with total worldwide spending on technology reaching a record $3,360 billion in 2019. And this number is only set to increase!
And most of the tech growth is happening in cutting-edge technologies like Artificial Intelligence, IoT, Augmented and Virtual Reality, Big Data, Cloud Computing, Robotics, etc. So it’s obvious that the highest paying IT jobs are those relating to these technologies in some way or the other. Keeping this in mind, let’s see the Top 10 Highest Paying IT Jobs in 2020 so that you can understand the technology sector better and estimate the average salary you can expect. This will only help you in interviews as well as make it easy to succeed in this super-competitive industry.
1. Data Scientist
Data is called the new oil in modern times! So obviously, a Data Scientist is currently the highest paying job around. In fact, a Harvard Business Review article even called it the “Sexiest Job of the 21st Century”!!! The Data Scientist analyses complicated data to find common trends and patterns that eventually help in making more informed decisions. This involves collecting the data from various sources, cleaning it to ensure accuracy and then using various data models and algorithms to analyze the data. After that, the data scientist may use data visualization techniques to convey the findings to company officials.
Some of the skills required for a Data Scientist are knowledge of statistical analysis, knowledge of programming languages such as Python, SQL, etc. as well as good data intuition and business acumen.
The average base pay for a Data Scientist is $141,000 per year.
2. IoT Solutions Architect
Internet of Things along with Artificial Intelligence is the biggest technology trend in modern times! IoT can connect various devices over the internet that can eventually lead to smart homes, smart cities, etc. So it’s no shock that IoT Solutions Architect is a high paying job! The IoT Solutions Architect is responsible for the development of practical IoT solutions and applications using IoT technology. In essence, the IoT Solutions Architect handles the development of the whole IoT ecosystem. This can involve making abstract IoT ideas more concrete, helping with interdepartmental IOT constructs and so on.
Some of the skills required for an IoT Solutions Architect are knowledge of machine learning, good programming skills, knowledge of hardware architecture as well as knowledge about the IoT solutions.
The average pay for an IoT Solutions Architect is $133,000 per year.
3. Software Engineer
Software Engineering is an important part of the industrial cycle, especially in current times when software innovations are at their peak. So it stands to reason that Software Engineer is such an important job! The Software Engineer interacts with the clients and then designs, develops, maintains and tests the computer software created. This requires a keen understanding of software architecture. Also, software prototypes are developed by the Software Engineer using the customer requirements to ensure the quality of the design.
Some of the skills required for a Software Engineer are technical knowledge, good analytical and programming skills as well as some communication and management skills.
The average pay for a Software Engineer is $130,000 per year.
4. Blockchain Engineer
BlockChain is a newer invention in the world! It is a relatively recent concept that uses records (or blocks) linked using cryptography. The BlockChain Engineer develops and implements digital solutions using the BlockChain technology. So the system architecture, decentralized applications, etc. can be constructed by BlockChain Engineers.
Some of the skills required for a BlockChain Engineer are a thorough knowledge of various technologies that are used in Bitcoin, Ripple, Etherium, etc. as well as analytical skills and attention to detail.
The average pay for a BlockChain Engineer is $130,000 per year.
5. DevOps Engineer
After Brangelina (Brad Pitt and Angelina Jolie), DevOps is the most popular combination word currently! It is a set of practices that can speed up the building, testing, and releasing of software by automating certain processes. So the DevOps engineer handles the deployment and network operations of an organization by overseeing the code releases. This involves handling the deployment model, managing the resources for provisioning, monitoring the release performance, etc.
Some of the skills required for a DevOps Engineer are good coding and scripting skills as well as knowledge of DevOps tools such as Gradle, Git, Jenkins, etc. Also, knowledge of Linux or Unix system administration is required.
The average pay for a DevOps Engineer is $123,000 per year.
6. AI Architect
Artificial Intelligence is the future of the world!!! It is also the most talked-about technology currently with all tech-giants investing heavily in it. And so the AI Architect is in high demand! He handles the AI development and management of an organization. This involves creating AI solutions for the client as well as creating the system architecture based on the AI frameworks.
Some of the skills required for an AI Architect are knowledge of languages used for statistical computing is required such as Python, R, etc. as well as technologies in the domain of AI such as Machine Learning, Deep Learning, Statistical Learning, Neural Networks, etc.
The average pay for an AI Architect is $119,000 per year.
7. Cloud Architect
Cloud computing allows the creation of ambitious and complex projects using the best datacenters in the world at low costs. Is it any wonder it’s so popular? And with the popularity of cloud computing, comes the Cloud Architect. The Cloud Architect manages the cloud computing strategy of an organization which includes cloud management, cloud application design, cloud architecture, cloud deployment models, etc.
Some of the skills required for a Cloud Architect are the knowledge of an operating system such as Linux, Unix, etc, knowledge of cloud computing services, cloud security, etc.
The average pay for a Cloud Architect is $118,000 per year.
8. Data Warehouse Architect
While Big Data is the new oil, it also needs to be stored carefully to mine actionable insights. That’s where the Data Warehouse comes in! And the Data Warehouse Architect creates the data warehouse, designs solutions and works with data warehouse technologies for effective management in a company. In essence, the vast amounts of data in the data warehouse of a company is controlled by the Data Warehouse Architect.
Some of the skills required for a Data Warehouse Architect are knowledge of data warehousing technologies and database design, knowledge of some technologies such as J2EE, Cognos, etc. as well as communication skills.
The average pay for a Data Warehouse Architect is $116,000 per year.
9. Full Stack Developer
A fully rounded developer is a Full Stack developer! This means that the Full Stack Developer has the ability to work on all aspects of application development and so requires the knowledge of both the front-end and back-end development as well as database, networking, system infrastructure, etc.
Some of the skills required for a Full Stack Developer are the basics of database technologies, web development, API development, etc. Also, knowledge of various technologies such as AngularJS, MongoDB, Node.js, etc is required.
The average pay for a Full Stack Developer is $110,000 per year.
10. Product Manager
There are many cutting edge products developed by tech companies these days! And any product that is developed needs a Product Manager to handle the process. So this is also a well-paying role in the current technological age. Product Managers define the product in detail and also pick the people to work on the project. They also keep track of the milestones in the production process and ensure the launch is on schedule.
Some of the skills required for a Product Manager are a detailed understanding of the Product Lifecycle Management (PLM) and knowledge of product management tools like Asana, PivotalTracker, JIRA, etc. Other soft skills needed are communication and time management skills.
The average pay for a Product Manager is $100,000 per year.