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The Technology Job Gap

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The Technology Job Gap

$500 Billion: The potential salaries lost, as over the next 10 years there will be 1 million more computing jobs than there are students.
By 2018, there are expected to be up to 190,000 unfilled positions in the data analytics field,
Of the 6 industries expected to grow most by 2020, tech currently pays the highest
Average Salary: $78,730

Job Outlook:

Computer and Information Research Scientists

2012 Median Pay: $102,190

Job Outlook (2012-2022): 15% increase

Software Developers

2012 Median Pay: $93,350

Job Outlook (2012-2022): 22% increase

Computer Network Architects

2012 Median Pay: $91,000 

Job Outlook (2012-2022): 15% increase

Information Security Analysts

2012 Median Pay: $86,170 
Job Outlook (2012-2022): 37% increase

Computer Systems Analysts

2012 Median Pay: $79,680

Job Outlook (2012-2022): 25% increase

At Google:

Google Software Engineers
Average Total Compensation: $144,652 (ranging from $78K to $550K)

Average Salary: $118,958 (ranging from $78K to $215K)

Average Cash Bonus: $20,946 (ranging from $20 to $100K)

Average Stock Bonus: $30,933 (ranging from $125 to $200K)

Google Senior Software Engineers:
Average Total Compensation: $210,865 (ranging from $80K to $630K)

Average Salary: $149,740 (ranging from $80K to $222K)

Average Cash Bonus: $32,008 (ranging from  $25 to $80K)

Average Stock Bonus: $49,315 (ranging from $50 to $300K)

At Universities:

Of students who entered the field of Computer/information sciences:
55.7 – Entered in first year
44.3 – Entered after first year

Attrition Rates:

Among bachelor’s degree students entering STEM fields between 2003 and 2009:
48% – Left these fields by spring 2009
28% – Switched their major to a non-STEM field
20% – Left college without earning a degree or certificate

During that time, attrition rate for computer/information sciences majors: 59%

Less than 2.4% of students graduate with a degree in computer science.

57% of Bachelor’s Degree’s are awarded to women, while only 12% of Computer Science degrees are awarded to women.

Why are there so few students in computer science?

2013: 9 out of 10 schools in the U.S. did not offer computer science classes.
In 36 states, computer science classes don’t count toward math or science high school graduation requirements.
A.P. Computer Science is taught in only 5% of U.S. high schools

More disturbing statistics from 2013 computer science AP data:
• In Mississippi, Montana and Wyoming, no girls took the computer science exam.
• In 11 states, no black students took it.
• In 8 states, no Hispanics took it.
• In 17 states, fewer than 100 students took it.

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Sources:

http://csedweek.org/resource_kit/blurbs
http://www.bls.gov/ooh/computer-and-information-technology/home.htm
http://www.npr.org/blogs/alltechconsidered/2014/02/17/271151462/a-push-to-boost-computer-science-learning-even-at-an-early-age
http://nces.ed.gov/pubs2014/2014001rev.pdf
http://www.usnews.com/news/articles/2013/12/27/tech-companies-work-to-combat-computer-science-education-gap
http://www.npr.org/blogs/alltechconsidered/2014/02/17/271151462/a-push-to-boost-computer-science-learning-even-at-an-early-age

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