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The Most Valuable Tech Skills in 2017

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The Most Valuable Tech Skills

The interactive graphic above comes to us from Dice Insights, and it helps to visualize the relationship between the supply and demand for over 1,400 technology skills.

Specifically, the supply shown on the graph is based on the amount of job seekers with those skills available, while demand is the portion of employment opportunities listed that require that skill. The “hotter” red a skill is, the greater the ratio of demand to supply.

Big Data Heats Up

With billions of new “things” connecting to the IoT and an explosion in the amount of information that must be processed and interpreted, it is no surprise that many of the most lucrative skills in tech today relate to making sense of large volumes of data.

Here are the ten highest paying skills in technology, according to Dice:

RankSkill2016 SalaryYr/Yr Change
#1HANA$128,958-3.30%
#2MapReduce$125,009-0.30%
#3Cloud Foundry$124,038n/a
#4Hbase$123,9345.70%
#5Omnigraffle$123,782-1.90%
#6Cassandra$123,4592.20%
#7Apache Kafka$122,728n/a
#8SOA$122,094-1.90%
#9Ansible$121,382n/a
#10Jetty$120,9781.30%

Leading the list is SAP’s HANA, or “High Performance Analytical Application”, which is part of a new wave of databases that can crunch large amounts of data nearly instantly. The average salaries of workers skilled in HANA currently hover around $129,000.

If we sort the members of the top ten most lucrative skills list by “heat” level (with several omissions according to availability in the “heat data” set) we can see that HANA is right in the middle of the plot, where supply is roughly equal to demand. This shows us that tech workers choosing to skill up in HANA are effectively getting paid what they are worth.

Top tech skills ranked by heat

Defining the Essentials

What else does “heat” ranking tell us about the market for tech skills that salary data alone does not?

First and foremost, it shows that skills like Java, SQL and HTML, all of which live in the top right-hand corner of the interactive graph where both demand and supply are very high, have become the “bread and butter” of the tech industry. The vast majority of people in the field have a need for these basic services, and as such, the majority of workers in tech have become conversant in them.

We can also see that specific fields, like database administration, web infrastructure management, automation, and big data science, are the areas that businesses need the most help in. The number of specialists skilled in these fields has not yet expanded to meet the significant demand for the associated skills. On the other hand, many marketing and web design skills have fallen toward the “cold” side of the spectrum as supply exceeds demand.

Competition and Timing

Employers may often look for very specific skill sets including one or more of the “hot” skills in the current marketplace. Combined with a hot technology sector, this demand pushes average salary ranges up and motivates tech workers to continually revise their competencies on a regular basis.

Year over year growth in tech salaries

With such a fluid marketplace for jobs in technology, unemployment is very low at around 2%. At the same time, over the past decade, the average tech salary has also increased by roughly $17,000.

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What is the Median Pay of Magnificent Seven Companies?

The Magnificent Seven companies are fueling stock market gains. In this graphic, we show the median pay of each company in 2023.

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This circle graphic shows the median pay of employees at the Magnificent Seven companies.

What is the Median Pay of Magnificent Seven Companies?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The Magnificent Seven are lifting the stock market to new highs, led by Nvidia, Microsoft, Apple, and Alphabet in particular.

In May alone, these tech giants added $1.4 trillion in market capitalization to the S&P 500—surpassing the combined gains of 296 other stocks during the same period. Notably, Nvidia contributed to more than half of this rise. As tech stocks boom, many are offering robust salaries with substantial stock option plans.

This graphic shows the median pay of the Magnificent Seven companies in 2023, based on analysis from The Wall Street Journal and MyLogIQ.

The Highest Paying Companies in the Magnificent Seven

Below, we show the median employee pay of the Magnificent Seven companies in 2023:

CompanyMedian Employee Pay
2023
CEO Total Pay
2023
Meta$379,050$24.4M
Alphabet$315,531$8.8M
Nvidia$266,939$34.2M
Microsoft$193,770$48.5M
Apple$94,118$63.2M
Tesla$45,811$0M
Amazon$36,274$1.4M

Data for Microsoft is from SEC filings. Total CEO pay includes equity awards and cash pay.

Meta ranks as the highest overall, with a median pay of $379,050, which is more than six times the national median salary.

Not only is it the leading company in the Magnificent Seven, it has one of the highest median pay across S&P 500 companies. Between 2022 and 2023, employee pay increased 28%, following four rounds of layoffs that slashed thousands of employees in its “year of efficiency”.

Following Meta is Google’s parent company, Alphabet, with a median pay of $315,531. The company operates a hybrid work policy, requiring employees to be in the office about three days a week. This mirrors a trend seen across Amazon and Salesforce to encourage in-person collaboration.

At Nvidia, employees received a median pay of $266,939, fueled by its soaring share price. Last year, over $300 million in value was delivered to its staff under its employee stock purchase plan. Along with a competitive pay package, the company offers an unlimited vacation policy along with 22-weeks of paid parental leave.

Falling near the bottom of the pack is Tesla, where the median salary for employees is $45,811. The automotive sector is notorious for steep wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee.

In 2023, Tesla CEO Elon Musk earned no compensation, and is instead paid through incentive-based stock options. Recently, a judge invalidated a staggering $56 billion pay package for the executive, deeming it unfair to the company’s shareholders. This pay package was awarded in 2018, with stipulations that Tesla meet certain performance requirements over a 10-year timeframe.

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