What's the employment outlook for IT managers?

Considering a future in information technology management, but I'm unsure about job prospects. Are IT manager roles in high demand, and is this field projected to grow significantly?

The employment outlook for IT managers is quite positive. According to the U.S. Bureau of Labor Statistics, employment for computer and information systems managers, including IT managers, is projected to grow 17 percent from 2023 to 2033, which is much faster than the average for all occupations.

This growth is largely driven by the need for organizations to ensure their computer systems are up-to-date and protected from cyber threats. It's also worth mentioning that organizations are investing heavily in cloud computing and the collection and storage of big data, which are areas that IT managers will be closely involved with.

In addition to this projected job growth, it's generally a well-paying field. According to the same source (Bureau of Labor Statistics), the median annual wage for computer and information systems managers was $169,510 in May 2023.

As for the aspects that could potentially influence the demand, remember that technology continues to advance rapidly, and businesses are heavily dependent on their technological infrastructure. This means there is going to be continual need for IT professionals who can manage these advancements and changes, including systems consolidation, software updates, cyber security, data management, and cloud services.

However, keep in mind that the demand for IT managers can also vary by industry and geographic location. Industries that are more reliant on technology or have larger IT needs may have more opportunities available.