Technology Management

Earnings Potential

According to the Bureau of Labor Statistics, the median annual earnings of Technology Managers were $92,570 in May 2004. The middle 50 percent earned between $71,650 and $118,330. Computer and information systems managers employed by software publishers made an average of $107,870 annually. Those working for insurance companies earned an average of $86,450.

Facts at a glance

  • Employment of Technology Managers is expected to grow faster than the average for all occupations through 2014.
  • Many managers have advanced technical knowledge learned in a computer occupation.
  • Opportunities will be best for those with computer-related work experience; a master’s degree in business administration (MBA) with a technology focus, or a management information systems degree; and strong communication and administrative skills.
  • Technology Managers direct the work of systems analysts, computer programmers, and other computer-related workers.

Summary of what this career entails

Technology Managers spend most of their time in an office. Most work at least 40 hours a week and may have to work evenings and weekends to meet deadlines or solve unexpected problems. Some managers may experience pressure in meeting technical goals within short timeframes or tight budgets. As networks continue to expand and more work is done remotely, technology managers have to communicate with and oversee offsite employees using modems, laptops, e-mail and the Internet.

Examples and or details of work

Technology Managers plan, coordinate, and direct research and facilitate the computer-related activities of firms. They help determine both technical and business goals in consultation with top management and make detailed plans for the accomplishment of these goals. These managers plan and coordinate installation and upgrading of hardware and software, programming and systems design, development of computer networks, and implementation of Internet and intranet sites. They are increasingly involved with the upkeep, maintenance, and security of networks. On February 4, 2005, CNNMoney.com listed “Computer Support” among the fastest growing occupational fields through 2012.

Degrees that lead to this career

A bachelor’s degree usually is required for management positions, although employers often prefer a graduate degree, especially an MBA with technology as a core component. Some of the degrees and certification an individual can attain include:

  • B.S. in Computer Science
  • B.S. in Computer Engineering
  • B.S. in Software Engineering
  • B.S. in Information Systems
  • B.S. in Electrical Engineering
  • M.B.A in Information Systems

Specific Career openings in this field

Most Technology Managers work for companies that provide services related to the commercial use of computers on a contract basis, including custom computer programming services; computer integration design services; management of computer systems or data-processing facilities; and disaster recovery services. Other large employers include insurance and financial firms, government agencies, and manufacturers.

References

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2006-07 Edition, Computer and Information Systems Managers, on the Internet at http://www.bls.gov/oco/ocos258.htm

The IEEE Computer Society, Careers in Computer Science and Computer Engineering, on the Internet at

http://www.computer.org/portal/pages/ieeecs/education/careers.html

CNNMoney.com, Where the hot jobs will be, on the Internet at

http://money.cnn.com/2005/02/03/pf/hotjobs/

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