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Many people think you have to be an athlete, musician or influencer to become a millionaire, but that's not true. The tech industry is full of jobs that are making people millionaires. In fact, the software development field will grow by about 22% by 2029.
Today, I'm sharing the top tech jobs that'll make you a millionaire. These aren't jobs that make $1,000,000 per year but rather in the six-figure range. That's because you don't need to make that much to become a millionaire.
In this article, I want to introduce you to careers that can literally transform your financial future. Look at our picks for 10 high-paying tech jobs that make millionaires!
10. Information Security Analyst
Annual Salary: $98,350
It seems like we hear about a new data breach of a major company every other day now. That's because hackers are becoming more innovative in their attempts to breach an organization's computer networks and systems.
Fortunately, information security analysts ensure that the most recent security measures are in place to prevent critical information from falling into the hands of online criminals.
The critical work of information security analysts benefits nearly every industry, and demand for these professionals is increasing.
You must have a bachelor's degree to work in this field. The annual median take home salary of an Information Security Analyst is around $98,350, according to the US Bureau of Labor Statistics.
The job's projected 10-year growth and future job prospect rating increased in this year's rankings, while the unemployment rate decreased. According to the BLS, the employment of information security analysts will grow 33% over the next ten years.
This demand is related to the prevalence and increasing complexity of data breaches in almost all institutions. For example, the health care industry must ensure that all electronic medical records remain private. In contrast, banks must stay current on cybersecurity trends to prevent hackers from accessing clients' critical financial information.
9. Software Developer
Annual Salary: $110,140-$140,470
This is a well-paying and expanding field with plenty of openings and good job satisfaction. The average salary for software development specialists is $110,140 per year, with more experienced software developers earning $140,470 per year.
If solving a problem makes you happy, you're in luck! Software development is an excellent choice for those who enjoy problem-solving. You'll typically work closely with business analysts, project managers, and graphic designers to turn a brief into a fully-fledged product, overcoming any issues that arise along the way.
There are infinite problems to solve in this field, ranging from ensuring that a piece of software has the proper compatibilities. Also, each coding language has its quirks and limitations, so if you can think outside the box, you'll be well on your way to becoming a software developer.
If you’re interested in software development or other careers in the tech industry, consider training with Bethel Tech. They’re training young men and women for amazing careers in the growing tech field, from software development to UX/UI design and more. Check out Bethel Tech for more!
8. Computer Network Architect
Annual Salary: $109,020
Computer network architects plan and construct data communication networks such as local area networks (LANs), wide area networks (WANs), and intranets.
These networks range from two-office connections to next-generation networking capabilities, such as a cloud infrastructure that serves multiple customers.
You must have a bachelor's degree to work in this field, and the average take home salary of an information security analyst is around $109,020, according to the US Bureau of Labor Statistics.
7. Cloud Engineer
Annual Salary: $116,000
Cloud adoption increased even before the pandemic but is now at an all-time high. According to Glassdoor, the rising market is expected to reach $1.5 trillion by 2030 and is creating a skills shortage that's driving up salaries.
Architects earn about $150,000 and cloud engineers earn about $116,000 each. According to Yahoo Finance, cloud computing is one of the most recession-proof industries today.
Aside from salary differences, choosing between the two roles often comes down to whether you prefer to design and plan (architect) or manage and monitor (manager) (engineer).
Best of all, you don't need the experience to start a career in the cloud as long as you get a certification and build your portfolio, e.g., through pro bono work.
6. Applications Architect
Annual Salary: $129,000
Application architects are experts in designing, developing, and implementing specialized applications for businesses. Being an applications architect is a rewarding and challenging career path.
This is a great job for someone who wants a work environment that stimulates them mentally. There are tons of problem-solving opportunities for application architects.
Furthermore, you will play an important role in assisting companies in meeting their business objectives, which makes the job even more rewarding. Applications architects are the people who create the solutions that developers, then code and test.
The earning potential of these professionals is high, and job security is almost guaranteed. An Applications Architect's median salary is around $129,000.
If this sounds up your alley, I suggest cutting you teeth as a developer or in a similar role. An applications architect is a mature position in the industry who has already developed themselves extensively and can use that knowledge to fine tune, optimize, and brainstorm new applications. An applications architect is usually in charge of a team of developers and engineers.
Some of the skills and requirements mandatory to have if you wish to get into this field include:
- Some understanding of the practical and marketing aspects of developing an application.
- Soft skills include communication and leadership.
- Skills in optimization, load balancing, and scaling.
- Programming ability in a general-purpose language like C++, Java, or Python.
- Extensive knowledge of programming and application development.
You can start your career in this field as an entry-level application developer or software engineer. This is one of the highest-paying IT jobs that you can begin without any formal education.
5. IT Security Manager
Annual Salary: $125,739
IT jobs in information security and cyber security are currently the highest paying market. Due to the increasing complexity, frequency, and severity of cybersecurity risks, these roles are an absolute requirement for all businesses. As a result, skilled cyber and information security professionals are in high demand.
This translates to higher pay for these individuals at an average salary is around $125,739. Since companies are know there is a low supply of qualified professionals that are not able to meet the high demand, they offer high salaries, perks, and benefits.
Almost every organization today relies on its IT infrastructure, and security breaches can result in significant financial losses. As a result, IT security professionals are very well-paid and compensated.
The disadvantage is that IT security is an "always-on" job that requires long hours. IT security managers don't just respond to security threats; they also work to prevent potential security flaws.
An IT security manager will collaborate with a company to protect its network and applications from potential intrusion.
4. Cloud Architect
Annual Salary: $137,265
A cloud architect designs, optimize, and analyzes cloud networks. Cloud architects may cut their work out, as many organizations today commit to large-scale hybrid architectures.
A single organization may now have up to 200 different software-as-a-service cloud platforms that must all be integrated and secured.
Cloud architects must be extremely knowledgeable about modern cloud solutions; most will have previously worked in the industry as cloud analysts or administrators.
Cloud architecture is not only one of the highest-paying tech jobs but also a very secure position as the cloud isn't going away.
A cloud architect's annual salary is around $137,265 on average. You can enter this field by acquiring a job in IT focused on cloud administration or cloud help desk management.
3. Database Manager
Annual Salary: $140,250
As more data is collected, stored, and mined for valuable insights, the demand for database managers, particularly those with advanced degrees, have never been greater.
Database managers, also known as the "keepers of the company's knowledge," currently earn a median annual salary of $140,250.
What makes database managers so important? For one thing, becoming one is difficult. Approximately 60% have bachelor's degrees, with nearly 23% having master's degrees.
Database managers must have strong leadership and analytical skills because they are responsible for managing and updating the database environment and managing a team of professionals who design and configure database systems or database programming. Certifications in popular database technologies like Microsoft SQL Server, IBM DB2, and MySQL will also help you earn more money in this role.
2. Data Architect
Annual Salary: $154,750
Businesses must first visualize and build a secure enterprise data management framework to gain knowledge and insights from data.
According to Robert Half Technology's 2022 Salary Guide, the need to create a blueprint at the conceptual and logical level is increasing demand for data architects and pushing their median national salary to $154,750.
Aspiring data architects should remember that this is not an entry-level position. Most architects gain experience in other IT roles.
Earn a bachelor's degree first, then work as a data engineer, data analyst, or applications developer to hone your database design and management skills. You'll be able to transition into a high-paying career in data architecture once you've gained some experience.
1. Information Systems Security Manager
Annual Salary: $157,250
Data breaches are consistently on the rise. So its no surprise that information security managers are in high demand and earn a top-tier salary of $157,250.
So exactly what do they do? Well, an information systems security manager advises and manages teams on security systems and vulnerabilities. Your role would be to ensure the security of the organization's systems by implementing security policies and developing and implementing security strategies to ensure the project's reliability and safety.
Acquiring cybersecurity skills and credentials, such as Certified Information Systems Security Professional (CISSP) certification or CompTIA Security+, can give you a competitive advantage in the job market. This can also help you get a position as an information systems security manager or an entry-level job as an IT security specialist.
The beauty of this job, and all of the tech jobs in this list, is that it will likely be always in high demand, especially into the next decade, since these data pirates are not going away anytime soon.
I hope this post gives you some insight into some career options to take your money to the next level. These ten high-paying tech jobs are for anyone with a strong desire to enter the tech field and build wealth.
Their annual median salaries vary depending on the skills required for each job. If you are ready to take on a tech job, consider these high demand skilled jobs that will reward you well.