How does your salary compare to others in your field? Find out where you stand

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📂 Category: Careers

✅ Key idea:

Job title Average annual salary Industry/Field
CFO $161,700 finance
Software developer $133,080 technology
Nurse practitioner $130,890 health care
Information security analyst $124,910 Technology/Cybersecurity
Data scientist $112,590 technology
project manager $100,750 Business/Management
Registered nurse $93,600 health care
accountant $81,680 Finance/Business
Marketing Manager $159,660 Marketing/Business
Sales representative (wholesale and manufacturing) $66,780 sales
Source: US Bureau of Labor Statistics, as of May 2024

Your industry and job title create the largest pay gaps

The choice of industry is of great importance. Technology and healthcare jobs dominate the upper salary ranges for non-executive roles and jobs that don’t always require advanced degrees, with software developers earning an average of $133,080 and nurse practitioners earning $130,890. Meanwhile, traditional sales roles in wholesale and manufacturing average $66,780, although specialized technical salespeople can earn much more at $100,070 per year.

In the same field, job titles can greatly affect salary. In health care, nurse practitioners earn $130,890 compared to $93,600 for registered nurses, a difference of more than $37,000. Both require nursing backgrounds, but the advanced practice role requires much higher compensation. The technology sector shows similar patterns. Software developers earn $133,080, while data scientists earn $112,590.

Meanwhile, information security analysts, who are in high demand due to online fraud, earn $124,910 annually, with a projected job growth rate of 29% through 2034.

important

Cybersecurity, data science, and software development jobs are among the fastest-growing occupations in the United States, with growth rates ranging between 15% and 35% through 2034, far exceeding the average for all occupations.

Location and experience can push your salary even higher

Where you work shapes what you earn. For example, a fundraising director in Washington earns a median salary of $153,950, compared to those with the same job title in Illinois, who earn a median salary of $112,340, a difference of more than $41,000. Software developers in California can expect salaries well above $130,000, especially in tech hubs like San Francisco and San Jose, but often less elsewhere in the country.

Unsurprisingly, experience increases your salary as well. According to Payscale, marketing managers with less than one year of experience earn an average of $56,643, while those with one to four years under their belt earn $66,633. According to Glassdoor, project managers earn a median salary of $105,000 per year, and total pay ranges from $80,000 to $138,000.

Certifications and specialized skills can also boost your salary. Information security analysts with industry certifications and technical experience can pay well above average, with the top 10% earning over $182,000 annually. Sales representatives who develop technical sales skills can see salary increases of up to 44%, according to industry data.

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