Highest Paying Companies For Software Engineer – As part of our 2022 Survey & CoderPad Tech Recruitment, we asked 10,000 developers in over 130 countries to share their annual earnings with us. After analyzing the results, we were able to create a ranking of the 10 highest paid countries.
The United States is the highest paying country in the world, with an average annual salary of $95,879 for a software engineer.
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Furthermore, as technology continues to expand across countries and the Big Five (or FAAMG – Facebook, Amazon, Apple, Microsoft and Google) continue to grow and invest, the US is determined to maintain its position for the foreseeable future.
“The five largest tech giants have a combined market capitalization of more than $4 trillion. These powerful tech behemoths often gobble up their competitors’ talent, technology, or entire businesses. Because of their financial leverage, mergers and acquisitions have become a key tactic to maintain their dominance over technology.” – Katie Jones on Big Five
Specifically, Seattle stands out as the highest paid city for developers in America, with a real adjusted salary of $105,735. The city has been there for many years and now it is a prominent and desirable career center for technology. talent. .
Another big plus of Seattle’s tech ecosystem is that while there’s plenty of room for innovation and entrepreneurship, it’s not just about startups. Indeed, some of the top employers in Seattle include Microsoft, Salesforce, and Adobe.
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We are well aware that national averages do not reflect the whole picture. Especially in big countries like USA!
“Country of work” isn’t the only factor that affects a developer’s salary. Company you work for, position you hold, entry-level developer or senior software engineer, industry you work in, etc.
(Oh, by the way, we used our articles and resources on how to find and hire developers here.)
In our 2022 study, we found, for example, that the highest-paid manufacturers are in the “Insurance” industry, followed by “Healthcare,” “Finance,” and “Aerospace.”
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There is a difference of more than $10,000 (annually) between the salaries of developers in this high-paying industry and the salaries of developers in low-paying industries such as “Beauty” or “IT Services”.
According to our ranking, the United States, Canada, the United Kingdom and the Netherlands offer average salaries for software engineers above $60,000 per year. It’s going well!
But quality of life isn’t directly related to money in the bank, and depending on where you live, your purchasing power isn’t necessarily related to money in the bank.
Yes, a higher salary is well and good. However, it is not the first and last thing, and – at the risk of sounding particularly cryptic 🧀 – money cannot buy happiness.
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For example, in the US, purchasing power is heavily influenced by the cost of health care, which is often owned and managed by private entities. Indeed, producers living in America should be aware of the risk of health care costs if they become ill. A software engineer’s salary in the US leaves room for savings, but it reduces the purchasing power of a developer living in countries with healthcare like the UK (and the NHS) and France (le Sécurité). ). Community).
Speaking of France, many people like the Parisian lifestyle (dreamy, “croissants and cafés”), and a growing number of French manufacturers are looking to leave the city – and they’re looking to ditch the high engineering wages. to do so.
The busyness, noise, pollution and cost of living (rents are 188% more expensive in Paris than in Provence, at just over €35 per square meter) are too much for some software engineers, who up and leave. for a comfortable environment.
For example, Antoine, a producer from Montpellier, decided to move to the south of France despite being offered a low salary:
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“My girlfriend was offered the opportunity to move to Montpellier and I wanted to leave Paris more than her! I started looking for a job. I’m not from Paris and I never thought of spending the rest of my life there. The main reason we’re moving is that we want to buy a house soon and the expenses are in the Paris area. very high. I took a pay cut (about 20%). The difference in income is now compensated by the difference in rent. In fact, I enjoy working by bike more than the daily noisy subway in the south of France!” Tomorrow’s month
Of course, the tech talent market and the salaries that revolve around it will change in the coming year.
Some markets are more affected than others. For example, according to LinkedIn, more than half (54%) of UK tech employers say they need a pay rise after Brexit. Another 43% say their companies have no choice but to offer promotions to technology team members to keep them.
First, telecommuting and freelancing are becoming popular among developers who want to change the way they hire and pay programmers.
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This trend is expected to increase the income of producers. Maybe it’s because producers live in places with much lower day-to-day costs, work for companies based in big cities (Paris, Seattle, San Francisco, Berlin, etc.) and get paid more, or because producers work independently and consultatively. more fees for additional projects.
Of course, as the demand for technical talent increases, more and more developers are turning to these flexible working arrangements. Fear of retaining new customers or not being able to get a permanent contract if they want one if it doesn’t exist today. Programmers know they can get jobs!
All this money and code talk can be a bit overwhelming. It is important to remember that salary is not the only thing that interests manufacturers. In fact, when we asked producers what they thought was most important to them when considering a job offer, “Salary” came in third, behind “Technical Challenge” and “Flexible Hours.”
Go with the flow. Make sure you offer the right software engineer salary. But don’t stop there. There are many things you can do to make your company successful
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Natalie is the news director. When she’s not busy creating #techrecruitment quality content, she’s watching Friends or cuddling her blue cat, Moon. No matter which company you join or not, tech talent takes into account many factors, but the top one is a better salary package. A list of reasons why talent is looking for new talent. opportunities (65%).
Top engineering leaders also say that one of the surest ways to attract top talent is to pay top dollar.
So we’ve put together this guide to help you understand which companies in the market are paying above-market salaries.
Although we believe that compensation packages consist of several components, such as stock, we use base salary for comparison to keep things simple.
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Remember that this collection is not complete! Check out “Salaries” to check out more salary offers – verified with salary slips and offer letters!
Note: Earnings figures are a weighted average of several tested offers. As such, the information may differ from what you see in Rewards from time to time due to new offers from other engines in the community!
We’ve also created a salary guide comparing the salaries of fresh graduates from local universities for computer science (and related) courses at NUS, NTU, SMU, SIT and SUTD.
Did you know that recent graduates of an NTU double degree in Business and Computing earn $8,225 at the 75th percentile?
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Top of the market award packages posted in Q3 2022 (Note: Data may not be up to date)
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To ensure the accuracy of the information and the accuracy of the information as possible for the public, we use documents or letters as evidence to confirm the collection of awards.
Our team will check the accuracy and if everything is fine, then publish. In some cases where a discrepancy may occur, our team will contact the submitting user for further clarification before publishing any data item.
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This process may seem tedious, but it is our commitment as we strive for transparency and fair pay practices.
To know
Insight|April 12, 2023 15 Most Popular Tech Company Salaries Revealed! Wondering how much money you could make at one of the most popular tech companies? Our latest post shows the top earners
