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Management consulting has become a major business opportunity, in part because the technology being integrated into business practices is developing so rapidly.  Many successful companies with established management do not have people at the top who have kept pace with the tools and markets at their disposal through technology.

Information technology (IT) management has become a lucrative field for people who are qualified to enter it.  Generally, IT has become a part of the business decision making process.  Business databases are driving business decision making by virtue of their sophistication.  Sales and market behavior can be broken out and analyzed closely; customer relations management (CRM) software has become an important part of many business operational structures.

Moreover, the e-commerce has become a mainstream market that no business can afford to ignore.  Traditional companies will hire IT management experts to help design intranets or company web sites.  If it suits the business, they will pursue establishment of an online sales outlet.

The reverse is true also.  Internet startup companies hire IT management professionals to help overlay a traditional business structure for a firm that has a lucrative web site but no infrastructure to handle customer management, the HR needs of a growing firm; and the database structure critical to business decisions.

Most IT management professionals have a degree in computer science, in information technology or in management information systems (MIS).  Perhaps the best of all possible degrees for information technology management is an MBA with a technology specialization.  Experience can offset the shortage of formal education somewhat, particularly with firms that are wrestling with a specific network and software combination.  In most cases however, a bachelors’ or masters’ is needed to make headway in this profession.

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Salaries with Information Technology Management Degrees

Average annual earnings with Information Technology Management Degrees in May 2004.

  • Lowest 10 % earned $71,650
  • Median $92,570
  • Highest 10% earned $118,330

Related occupations with Information Technology Management Degrees:

  • Software publishers $107,870
  • Computer systems design and related services $103,850
  • Management of companies and enterprises $99,880
  • Insurance carriers $97,900
  • Depository credit intermediation $86,450