Introduction
When it comes to pursuing a career in technology, many people are torn between getting a degree in information technology (IT) or computer science. But what really matters is which pays more? In this article, we’ll explore the differences in salary potential between IT and computer science, as well as look at the return on investment you can expect from each degree.
Comparing Paying Potential in IT and Computer Science: A Look at the Data
The Bureau of Labor Statistics (BLS) provides data on the average salaries for IT and computer science jobs. According to the BLS, computer and information systems managers have the highest average salary in IT and computer science, with a median annual wage of $146,360. The second-highest paying job in the field is software developer, with a median annual wage of $105,590. Other high-paying jobs in the field include computer network architects ($112,690), computer systems analysts ($90,920), and computer programmers ($86,550).
In terms of expected growth, the BLS estimates that the number of jobs in computer and information technology will increase by 12% from 2019 to 2029 – faster than the average for all occupations. This is due largely to the increasing demand for new technologies and the need for workers to design, develop, and maintain them.
Additionally, certain specializations in IT and computer science can result in higher salaries. For example, according to a recent survey by Dice.com, the top five most lucrative IT specialties include DevOps engineering, cloud computing, Big Data analytics, mobile development, and security engineering. On the other hand, computer science specializations such as artificial intelligence (AI) and machine learning can also lead to higher salaries.
How Does a Degree in IT or Computer Science Impact Your Earning Power?
Having a degree in IT or computer science can significantly boost your earning potential. According to a survey by the National Association of Colleges and Employers (NACE), employers generally prefer candidates with a bachelor’s degree, and those with a master’s degree earn even more. In fact, the NACE survey found that the median starting salary for bachelor’s degree recipients in computer and information sciences was $60,000, while the median salary for master’s degree recipients was $75,000.
In addition to having a degree, gaining additional credentials can help to further increase your salary. For example, certifications such as CompTIA A+, Microsoft Certified Solutions Expert (MCSE), and Cisco Certified Network Associate (CCNA) can help to demonstrate your knowledge and experience in the field, and often result in higher salaries.
Exploring the Salary Differences Between IT and Computer Science Careers
While IT and computer science both involve working with computers, the two fields differ in terms of the types of jobs they offer. Common IT jobs include network administrator, system administrator, database administrator, and web developer. On the other hand, common computer science jobs include software engineer, software architect, software analyst, and game programmer.
In terms of salaries, the differences between IT and computer science jobs vary. For instance, according to the BLS, the median annual salary for a network administrator is $82,050, while the median annual salary for a software engineer is $107,510. The difference in salaries is largely due to the differences in the types of work involved in each job.
What’s the Difference in Salaries for IT vs. Computer Science Degrees?
When it comes to salaries for IT and computer science degrees, there are some differences. According to a study from Georgetown University’s Center on Education and the Workforce, graduates with a bachelor’s degree in computer and information sciences earned an average of $71,000, while those with a bachelor’s degree in information technology earned an average of $65,000.
The differences in salaries can be attributed to a variety of factors, including the type of work done, the level of education, and the specialization chosen. For example, those with a degree in computer science may have an easier time finding higher-paying positions, while those with a degree in information technology may find more entry-level positions.
Examining the Return on Investment for IT and Computer Science Degrees
When considering whether or not to pursue a degree in IT or computer science, it’s important to consider the cost of the degree and the expected return on investment (ROI). According to the College Board, the average cost of tuition and fees for a bachelor’s degree in computer science is $17,220 per year, while the average cost for a bachelor’s degree in information technology is $15,640 per year.
In terms of ROI, the College Board estimates that the 10-year ROI for a bachelor’s degree in computer science is 7.4%, while the 10-year ROI for a bachelor’s degree in information technology is 6.3%. This means that, based on these figures, a computer science degree results in a higher return on investment than an information technology degree.
Conclusion
When it comes to deciding whether to pursue a degree in IT or computer science, it’s important to consider the potential salaries and return on investment of each degree. The average salaries for IT and computer science jobs vary, but overall, computer science tends to pay more than information technology. Additionally, the 10-year ROI for a computer science degree is higher than that of an information technology degree. Ultimately, the decision should come down to your individual interests and goals.
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