2.5% increase in software engineering salaries in one year: Seed corn looking more attractive
Holy cow! Most CS faculty that I know haven’t seen raises since the Great Recession hit. A 2.5% increase in a single year for software engineers is a pretty dramatic rise in comparison. How can we possibly keep people teaching when their knowledge is worth so much more in the marketplace?
In line with Economics 101, that increased demand for software engineers means increasing salaries. The national average for a software engineer’s base salary is currently $92,648, according to Glassdoor, marking an increase of 2.5 percent compared to 2011. But depending on where you work — both in terms of your employer and your geographical location — you could be take home more than $100,000 per year. Then again, even if you work for one of the major tech companies, your base salary may fall below the national average.
Where are the plum jobs these days for software engineers? According to recent data from Glassdoor, Google currently offers the highest average salary among 15 major tech companies at $128,336 per year. Ranked second is Facebook, which pays its software engineers an average of $123,626 per year. (Glassdoor came up with these figures based on at least 20 salary reports per company from October 2011 through October of this year.)