As technology advances, software engineer salaries continue to rise. According to the Bureau of Labor Statistics, software engineering is constantly growing in comparison to other occupations. What is an average software engineer salary? Time to explore!
So what does a software engineer do, and how much money can they make? In this article, we will discuss everything you need to know about software engineer salaries.
Who Is a Software Engineer?
First, let’s take a look at what software engineers do. They design, develop, test and maintain software programs. This includes working with computers to create new applications as well as improve or update existing ones. They also work with teams to ensure that software projects are completed on time and within budget.
Software Engineer Salary
So, how much money can a software engineer make in the United States? According to various sources, the median salary for a software engineer is around $87,000 per year. However, this number can vary greatly depending on factors such as experience level, location and company size. In general, salaries for software developers will range between $50,000 to $140,000 annually.
Salaries by Location
Location is another important factor when it comes to earning potential for software engineers. In general, larger cities offer higher salaries than smaller ones. For example, software engineers in San Francisco earn an average of $119,000 per year, while those in Dallas make around $96,000. So what are the best-paying cities for software engineers? As we mentioned earlier, San Francisco and Dallas are two of the top paying metros. Other high-paying cities include Seattle ($112,000), New York City ($109,000) and Los Angeles ($108,000). As you can assume, Silicon Valley offers great opportunities, but you need to remember that the cost of living there is horrendous too, especially in the Bay Area.
Years of Experience
In addition to location, experience is another key factor that affects salary. The more experience a software engineer has, the more money they can expect to make. With five or more years of experience, median salaries jump to $115,000 annually. The base salary for a junior software developer will oscillate around $87,917 or more, whereas a senior software engineer can make even $145,000.
Additional Benefits
Most software engineers receive a variety of benefits, such as health insurance, 401k plans and paid vacation. In addition, many companies offer tuition reimbursement or continuing education courses to help software engineers stay up-to-date on the latest technology trends.
Women and Men Salaries in Software Development
Male vs. female software engineer salaries is another hot topic worth discussing. According to a recent study, women earn about 79% of what their male counterparts make in this field. However, there are some companies that are working to close this gender wage gap. For example, Google announced that it will pay its female employees the same as its male employees starting in 2020. Is that the case? Let us know in the comments!
Job Outlook
The job outlook for software engineers in the United States is positive, with projected job growth of 12 percent until 2028. This growth is due to the increasing demand for software engineers in a wide variety of industries. The software engineer salary is also good, with the median salary being $90,000 depending on various factor. The Covid-19 pandemic has caused the demand for programmers even more buoyant!
Requirements for a Software Engineer Job. Degree and Diploma
So what do you need to become a software engineer? Typically, employers look for candidates with at least a bachelor’s degree in computer science. However, some software engineering positions may only require an associate’s degree. If your education level is of a Bachelor’s, you may expect an average salary for a software specialist at ca. $100,000, whereas a Master’s Degree will give you even $120,000. Certificates of Diploma can offer a total compensation of $73,000.
Degree Programs
This is the salary range, so what are you waiting for? The cost of a Master’s degree program in the United States ranges from $40,000 dollars to 120,000 US dollars and lasts roughly two years. That is a significant outlay. Assuming you already have a job, you can’t anticipate any pay raises throughout the study period. After graduation, most salaries are reviewed once more; in most cases, this takes place when education is completed and the degree has been received. If you’re interested in becoming a software engineer, there are many resources available to help you get started. For example, the website Coding Bootcamps offers an overview of various coding programs that can teach you the skills you need to succeed in this field.
Now that you know what the software engineer salaries are, there’s a good chance you can find a software engineering job that’s right for you. With so many exciting opportunities available, now is the perfect time to start your career in software engineering!
