The financial crisis hit New York City hard, but the technology sector has been among those industries instrumental in powering its recovery. Major employers, such as Google Inc., are leading the way by doubling their presence to more than 4,000 employees. Around half of these employees are software engineers. It's a trend that has helped propel New York City into its fastest rate of job growth in the past three decades, despite mass layoffs of tech employees from the likes of JP Morgan.
New York City, NY IT Job Market
Unemployment in the IT industry is extremely low in NYC. Tech firms and tech-related departments are responsible for around 300,000 jobs in the city. It's a number that is expected to steadily increase, thanks to the efforts of initiatives such as the Tech Talent Pipeline, an organization that offers free fellowships to unemployed and low-earning residents to inspire applications for high-paying jobs in web development and programming. Opportunities for those already qualified will rise in parallel, especially in areas such as software and application development, database administration, desktop support, and e-commerce.
IT Salaries in New York City, NY
The Dice Salary Survey indicates that the average annual salary for an IT professional in New York is a little under $94,000, which is close to 7 percent above the national average of just under $88,000. Data from TechAmerica tells an equally appealing story by showing that tech workers in the city are earning more than 50 percent more than the average private sector worker. Such salaries, combined with a commitment from tech firms to expand the number of IT jobs in New York City, hold significant promise for those candidates who boast the appropriate skill set and expertise.