The difference in salaries between the IT sector and the rest of the market decreased by 19 percentage points compared to the second half of 2023, when the difference was 20.1%.
The Salaries in the technology sector are, on average, 1% higher than the market averageaccording to a report prepared jointly by the Ministry of Economic Development of the City Government and Boomerang. In addition, the wage gap between the IT sector and the rest of the market decreased by 19 percentage points, compared to the second half of 2023, when the difference was 20.1%.
The wage gap between the IT sector and the other sectors In the first semester it is less significant in roles juniorwhere it presents a difference of 5%compared to 5.9% in the previous period. The gap with other sectors is even more pronounced in positions semi-senior and seniorwith a discrepancy of 16.9% (vs. the 12.5% from the previous semester). In contrast, In the highest-ranking positions, it is observed that the remuneration sought in the IT sector was even below the market average, with -13.1% for supervisor or head positions..
When analyzing the evolution of the wage gap between the IT sector and the rest of the labor market, it can be seen that during the pandemic it grew thanks to the development of the technology sector and, later, it began a downward curve, which led to a decrease in the need to incorporate these profiles in companies.
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In the first half of 2024, the salary differential compared to the same period in 2023 fell from 12% to 5% in junior positions, from 25% to 3% in semi-senior and senior positions, and from 44% to 5% at the manager or supervisor level. In other words, the gap in target salaries decreased for all positions.
“Supporting the IT sector is essential to consolidate the City of Buenos Aires as an important technological and innovation hub in the region. The numbers indicate a growth in the sector’s job offer, which reflects an increase in trained talent and the opportunities that this offers for the City,” he said. Nicolas ZaballaUndersecretary of Investments of the City Government.
What are the highest-paid positions in the IT sector?
In June 2024, the IT intended salary in the stalls junior was of $686,667 per monthwhile the market average was of $654,090 per month. In the positions semi-senior and seniorthe required IT remuneration was $1,106,250 per monthand the market average was $946,059 per month. For supervisor or bossthe requested salary was $1,090,833 per monthand the market average was $1,255,843 per month.
The 5 junior IT positions with the highest monthly salaries are:
- Functional Analysis with $1,000,000 per month;
- Project Leadership with $850,000;
- Networks with $743,750;
- Functional Analysis with $367,500;
- Technology and Systems with $335,000.
The highest-paid semi-senior and senior IT positions are:
- Infrastructure with $1,775,000 per month;
- Systems with $1,300,000;
- Technology and Systems with $1,150,000;
- Data Analysis with $1,050,000;
- Functional Analysis with $1,000,000.
Source: Ambito
