Saturday
November 21, 2009
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| Are you making what you're worth? Take a look at our Salary Ticker for live results! |
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| Education |
Contractor
Rate |
Converted to
Yearly Income* |
Full Time Salary |
| Graduate |
$58.75
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$112,800
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$68,000
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| College |
$44.26
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$84,979
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$55,000
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| Trade |
$28.91
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$55,507
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$46,000
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| High |
$34.74
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$66,701
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$50,000
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Your parents were right: education pays. Whereas many professional athletes can eschew their educations and start making the big bucks right away, our survey indicates that IT professionals are well advised to stay in school. College graduates with salaried positions -- who make up almost 63% of the survey respondents -- earn more than IT employees with high school or trade school backgrounds. Full time employees with graduate degrees see a huge jump in their salaries, earning on average 24% more than college graduates.
Contractors with graduate degrees earn a whopping 84% more than those with only high school or trade school under their belts, and they make 33% more than consultants who are college graduates. Of the consultants who completed the survey, almost 60% have college degrees and an additional 16% have graduate degrees.
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| *To compare contractor rate with salary, we multiplied the hourly rate by 1,920 hours, assuming a 40-hour work week, two weeks of vacation and 10 holidays. |
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