How Much Can You Earn in an Internet of Things Job? A Look at the Average Salary
The Internet of Things (IoT) industry is one of the fastest-growing fields today. With billions of devices connected to the internet, the demand for skilled professionals is at an all-time high. If you’re considering a career in IoT, one of the first questions that come to mind is, “How much can I earn?”
Understanding IoT Jobs
Before delving into the salary details, it’s essential to understand what IoT jobs entail. IoT involves connecting various devices and sensors to the internet to enable them to communicate with each other seamlessly. Some of the common job titles in IoT include:
– IoT Developer
– IoT Architect
– IoT Solution Consultant
– IoT Analytics Specialist
– IoT Security Expert
– IoT Engineer.
These roles come with different responsibilities, which influence the salary range.
IoT Salary Range
The average salary for IoT professionals varies depending on several factors, including experience, job title, and company size. A recent report by IoT Analytics establishes that the average salary for an IoT professional in the US is $112,000 per year. However, according to ZipRecruiter, salaries can range from $23,500 to over $200,000 a year.
Factors That Influence IoT Salaries
Company Size: Larger companies with established IoT divisions tend to offer higher salaries to IoT professionals. For instance, according to Indeed, Microsoft pays IoT developers an average salary of $132,757 per year.
Geographical Location: The cost of living, supply-demand dynamics and local salaries can determine the salary range in a particular location. For example, according to Glassdoor, IoT Developers in San Francisco earn an average of $120,000 per year, while those in Atlanta earn around $96,000 per year.
Experience Level: IoT salaries tend to increase with experience. Beginners earn lower salaries, and their pay increases as they acquire more skills and expertise. ZipRecruiter reports that entry-level IoT analysts earn about $45,000 per year, while experienced IoT solutions consultants can earn up to $188,000 per year.
Job Title: Salary varies widely based on IoT job title. IoT architects, for example, earn $165,000 per year on average, while IoT developers earn about $100,000.
The average salary for IoT professionals is $112,000 per year, with the range varying from $23,500 to over $200,000 a year. The salary depends on factors such as the company size, geographical location, experience level, and job title. IoT jobs come with different responsibilities, and a higher title usually attracts higher pay. Despite the different salary ranges, the IoT industry is a lucrative career path with enormous opportunities for growth and professional development.