Fastest way to get a Salary Boost in Tech

In this blog, I will talk about what’s the fastest way to get a salary boost. Let’s say you’re a software developer or anyone in tech and you want to boost to 200 to 250%, it’s possible to achieve. How do you do that?

Newbie Noob technique

I have a technique that I’ve coined and it’s called the newbie noob technique. It is a new technique I have coined based on my experience. This is a technique for professionals like you to learn a new technology that belongs to a new industry in tech. Then as a Noob in this industry, start applying for jobs, and there’s a high chance for a lot of demand in this new and popular industry but not enough supply.

So, your aim should be to fill this gap in the industry and receive a salary boost. Now, to understand this technique better, let me provide you with a detailed breakdown of the rise of various technologies in the past.

Rise of various technologies in the Tech industry

Back in the 1990s, anyone who had a basic understanding of HTML, and how the internet works and could put together a web page were able to land a high-paying job. As high as a six-figure salary, which was a very big deal in the 90s. And the effective developers who entered the tech industry back then became pioneers by building various tools, frameworks, and software products. So, these types of new technologies than transform the tech industry are opportunities.

We can see the same trend with Artificial Intelligence in the industry these days. AI started to gain popularity 10 to 12 years ago. Now, AI was the new electricity. And, AI, actually existed for as long as Statistics had existed. But the popularity of AI grew because of the impact of cutting-edge computational power and new technologies like cloud computing.

We can also observe the same pattern in cloud computing. When cloud computing first came out, the people who were good at Computer Networks and Server Administration were able to transition into Cloud Computing for new opportunities. So, the people who found it possible to learn more about the Cloud were able to quickly land jobs in this field and secured a salary boost for their services.

Coming to AI, people that had background knowledge in Mathematics or Statistics who weren’t developers, were able to jump into the tech industry. All they had to do was learn the basics of Python or maybe R programming language and land great job roles with a high salary hike.

Even though they weren’t programmers, they just learned the basics of programming, learned the specifics of certain AI packages like NumPy, Pandas, and Sci-kit learn within Python, and they were able to transition to tech jobs. And if you were already a developer at that time, that was an opportunity for you to get a huge salary boost and a great way to transition into your career.

For example, if you have knowledge in C++ or Python or Java, whatever language, you know, all you have to do is just start exploring packages of AI. Now, you can quickly apply to a new company and get a nice raise. Sometimes it ranges from a 100 to 200% increase in salary, which is awesome.

First-mover advantage

Now, from my experience in the fintech industry, I recall the first-mover advantage of the consultant who worked with our team. We hired this person to build and develop a search engine for one of our client’s applications. The consultant didn’t have much background in fancy technologies back then. He was a C++ developer for around 30 years. You see, he was an experienced developer and pretty late in his career. But still, he took the chance to learn ElasticSearch, a very popular search engine technology at that time and even at the current time.

For the consultant, the good thing about learning Elasticsearch was the demand for ElasticSearch developers. There were not many developers who knew ElasticSearch, so we hires this developer as the consultant. Before we hired him, he only had around two years of experience in ElasticSearch and we still chose him for our team and paid him a huge salary. And “Do you know how much he earned?!” he was making 400 dollars an hour, you know. Rightfully so, because he was well-talented in this particular new technology.

So, he worked with us for more than a year to implement the technology. He was very flexible with his schedule and he was the one calling the shots. He knew this technology very well and he was able to implement it as per our team’s requirements. Hence, that’s this consultant had the first-mover advantage and that’s something you can try to do.

Blockchain & Cryptocurrencies

Now, coming back to the present, there’s a huge transition happening in the current financial industries. You might have heard about it in the news, I’m talking about Blockchain technology. It’s the new hype of the tech industry. The new technology at present. “Now, do you get where I’m going with this?” You can apply the Newbie Noob technique for the current new technology which is Blockchain. And all I can say is “Learn it, learn it, and learn it!”

I have been learning Blockchain for more than a year now. The programming language that’s required to apply this technology is called Solidity. Solidity helps us build smart contracts on a Blockchain platform, called Ethereum. So, make sure you check out more about this technology on your own. Now, coming back to the point we were discussing, which is to learn this new technology. So, you may doubt that “Is it possible to learn this technology without a background in finance?” and the answer is yes.

Now, you can go learn the basics of the programming language, and once you gain the minimum required knowledge in programming, start learning about solidity. Because there’s a huge demand for Blockchain developers. Just like what I observed back then about ElasticSearch, Blockchain is the new technology right now.

If you start researching the demand for Solidity or Blockchain developers now, you can earn a lot of money in the upcoming years, and achieve a huge salary increase as well.  Even if you are new to this industry, remember that there’s a lot of potential for new technologies, especially in Blockchain in the next 10 years. The Newbie Noob technique can help you learn more about Blockchain, cryptocurrencies, Ethereum, and so on. As a result, I believe you’ll benefit from it.

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