Highest Paying Tech Companies in Minneapolis

Minneapolis is cementing its spot as a major hub for innovation. The city saw over 8,000 new tech jobs pop up between 2015 and 2020, a 28.4% increase, according to the folks at CBRE.

With tech giants like Best Buy, Target, and UnitedHealth Group calling Minneapolis home, employing thousands of tech rockstars in the area.

The impact of this tech boom on the local economy is significant.

A study by CompTIA shows that the tech sector alone contributed a staggering $30.8 billion to Minnesota's economy in 2021, making up a massive 10.2% of the state's total economy.

The demand for skilled techies is going through the roof, with job postings for roles like Cloud Engineers, Data Scientists, and Cybersecurity Analysts rising by over 40% in just the past year, according to data from Emsi Burning Glass.

As David Wilson, CEO of CompTIA, put it,

"The Minneapolis tech scene is absolutely on fire, and it's an incredible time to launch or level up your career in this field."

Minneapolis is attracting some of the biggest names and most tech companies around. Check out the top 5 highest-paying tech companies in Minneapolis for 2024, along with their average salaries and industry influence:

1. Hudson River Trading - Average Salary: $437,500
   These trading gurus are raking in serious cheddar with their cutting-edge financial tech solutions. If you're a coding wiz, this is where you want to be to cash in big time.
2. Susan Miller Street - Average Salary: $400,000
   Another finance powerhouse, Jane Street is dishing out insane paychecks for their tech talent. With a focus on quant trading and financial software, these guys are at the forefront of fintech innovation.
3. Optiver - Average Salary: $325,000
   Optiver is a major player in the trading game, and they're not skimping when it comes to paying their top tech pros. If you're a coding beast, they'll make it rain for you.
4. IMC - Average Salary: $282,500
   This trading firm is another heavy hitter in the Minneapolis tech scene. With their focus on financial tech and trading strategies, they're willing to shell out some serious dough for the best and brightest.
5. Two Sigma - Average Salary: $261,250
   Two Sigma is a major player in the world of quantitative finance, and their Minneapolis team is at the cutting edge of financial software development. They're not afraid to pay up for top-notch coding talent.

It's clear that Minneapolis is more than just a city – it's a tech paradise for those looking to score some serious cash while working on innovative, industry-shaking projects.

With companies like these leading the charge, the Twin Cities are quickly becoming a prime destination for tech and coding professionals.

Check it out! Minneapolis is the place to be if you're looking to cash in on some serious tech bucks. This city has become a total hotspot for all things tech, with companies scrambling to snag the best talent out there.

And when the competition gets fierce, you know the salaries gotta be sky-high.

We're talking an average annual salary of $92,640 for tech roles, according to the MN High Tech Association.

That's way above the national average of $72,520. But why is Minneapolis such a cash cow for techies? Well, there are a few key reasons:

• Talent Drought: With not enough skilled workers to go around, companies have to shell out the big bucks to attract and keep the best of the best.
• Living Costs: Sure, Minneapolis is cheaper than places like San Fran or NYC, but salaries stay high to maintain that sweet tech lifestyle.
• Industry Boom: The tech scene in Minneapolis is blowing up, with major players and startups galore. More companies = more competition for workers = higher pay.

The demand for niche skills in cutting-edge fields like AI, machine learning, and blockchain has companies in a total bidding war.

As Matthew Hernandez, CEO of a top Minneapolis tech firm, puts it,

"Companies are willing to pay a premium for those with specialized skills that can drive innovation and growth."

So if you've got the skills, Minneapolis is the place to cash in big time and score a killer career opportunity.

Minneapolis is the place to be if you're just starting out in the tech world. The city is buzzing with entry-level IT jobs and opportunities for beginners.

According to the folks at WayUp, there are over 2,000 entry-level IT gigs up for grabs in Minneapolis right now, ranging from computer support specialist to software developer roles.

With tech giants like Amazon, Google, and Microsoft setting up shop here, the competition is fierce, but the prospects are insane.

Networking is key to scoring that dream job and attending industry events can provide invaluable opportunities.

Scoring that dream job isn't just about having the skills - networking is key.

That's where events like Built In's tech gatherings come in. These are the perfect spots to rub elbows with industry bigwigs, learn about the latest trends, and maybe even land yourself an internship or entry-level position.

Plus, you'll get to check out some of the coolest tech companies in Minneapolis, like Code42, which is leading the charge in data security.

Levelling up your skills through bootcamps can provide the practical knowledge needed to stand out in the tech market.

Of course, you'll need to level up your skills to stand out from the crowd.

That's where coding bootcamps like Nucamp come into play. Their programs cover everything from web development to cybersecurity, giving you the hands-on training you need to land that first tech role.

And with resources like job hunting guides and networking events, they'll help you navigate the Minneapolis tech scene.

If you wanna get hired by the sickest tech companies in Minneapolis! First things first, your resume gotta be on point. The Minnesota High Tech Association says 90% of tech job postings in the Twin Cities require a bachelor's degree, so make sure you showcase your skills and education game.

But it's not just about the technical know-how; you gotta show you can solve problems and work with a team too.

Once your resume is fire, it's time to network like a boss.

Minneapolis has a tight tech community, so get out there and connect. Hitting up events like Twin Cities Startup Week and MinneBar is a must – that's where you'll meet the right people and hear about open roles.

And don't sleep on online communities either. Check out Reddit, Slack, and Discord groups for Minneapolis techies to get the inside scoop.

When you're applying, do your research on each company.

Study their vibe, their tech stack, and what they're all about. Tailor your approach to show them you're the perfect fit. A personalized cover letter goes a long way too – let them know why you're hyped about their mission.

"You gotta showcase your unique perspective and how you'll contribute to the company's growth."

And remember, in this competitive scene, it's not just about your skills.

As Matthew Jones, CEO of LeadCube, says, bring that energy and make them see why you're the real deal.

If you're looking to level up your skills, check out Nucamp's coding bootcamps – they'll have you ready to crush any tech role in no time.