Technology Management

What You'll Do in a Technology Management Career

Technology management is a truly multidisciplinary field that integrates personnel and project management skills with solid knowledge of technological systems and operations. Its purpose is critical: to ensure competitive advantage for organizations through the effective incorporation and development of technology. Engineering or technology-based businesses such as software or hardware companies rely on well-trained technology managers, but so does any organization that uses complex machinery or computer systems.

Technology managers may face a complex spectrum of job duties, including supervision of a wide array of technical personnel, design and deployment of computer and other technological systems, project management, production and operations management, evaluation of technology value, and safety and quality control oversight. Technology management may even encompass innovation and entrepreneurship as it applies to technologically-based businesses.

 

Technology Management Job Opportunities

Entry-level jobs in technology management include customer support or help desk positions, database or website development positions, or programming jobs. However, those with experience in the field or who have earned graduate degrees are eligible for more supervisory roles, including project management. Executive-level positions in technology management, such as Chief Technology Officer (CTO), Director of Management Information Systems (MIS) or Director of Information Technology (IT), have added responsibilities, such as working with upper management, overseeing personnel and developing an organization's overall technology strategy.  Job opportunities are available in a wide range of industries, from IT and telecommunications to nanotechnology to insurance and financial companies.

 

The Future of Technology Management

As industries continue to become more technology focused, workers with the leadership skills to be effective technology managers will be in high demand. Companies need knowledgeable technology managers to ensure that their computing and technical systems are up-to-date, efficient and secure. Besides the obvious job opportunities in various technology and engineering sectors, the Bureau of Labor Statistics expects employment growth in consulting services and healthcare organizations.

 

Technology Management Degree Programs

Associate's Degree in Technology Management: To work in the technology management field, a 2-year degree in a related field such as technology engineering or management information systems is a good start. However, a bachelor's degree is usually the minimum education needed for a management career.
Bachelor's Degree in Technology Management: A technology management bachelor's degree—usually a Bachelor of Science—is a 4-year program preparing you to enter the technology business world. It usually combines coursework in a particular area of technology or engineering with classes in business management fundamentals.
Master's and Doctoral Degrees in Technology Management: Graduate degrees in technology management include the Master of Business Administration (MBA), Master of Science (MS), and Doctor of Philosophy (PhD). Graduate programs provide more specialized courses in the management of technological systems and personnel.
Online Technology Management Degrees:  Online degrees at the 2-year and 4-year level are available in information technology, technology engineering and project management. There are also a number of online MBA programs in technology management.

 

Technology Manager Salary

Like other areas of management, technology management can be a lucrative industry for those with the right combination of education and experience. Those starting out as project managers generally earn between $50,000 and $70,000, depending on the field in which they work. A chief technology officer (CTO), as part of the executive staff, may start in the $80,000 to $90,000 range if they hold a bachelor's degree. CTOs with master's degrees, MBAs, or PhDs can earn annual salaries well into the triple digits. For IT managers, the highest-paying industry in May 2008 was securities and commodities brokerage, with an annual salary of $145,960.