It's a wonderful compass, and your relationship with challenges and puzzles improves every time. Like everywhere else, you have to anticipate the future and be in the game. I must ask though: I'm not sure what you're wanting to get from asking those questions. You have to be a front office VP to be guaranteed this kind of money. Washington D.C., New York, and Boston have the largest software engineer job markets outside the Bay Area, but sky-high rents push them to the bottom of the list. This world view will prevent you from ever being successful at anything you do. That's sort of the nature of being a consultant. 180k, and you are looking at close to 300k. Live in an epicenter (San Francisco, LA, NYC, Seattle, and probably a few others). I agree with you; it is my experience too, and I don't think my comment is incompatible with your reply. How a person could get an mid-level IT position in, say, oil company or a finance institution etc? So generalize to keep your mind open and prepared for new challenges future can bring, but also specialize in an area that you expect to be in demand in the future. 3 options: > Whenever I am a hiring manager, I am pretty openly biased against hiring PhDs. Did you mean 'graduate and find your first job'? Most people don't make this much after 5 years in New York and usually work much more. Electrical engineer by education, I am a full-stack "technologist" covering everything from semiconductor device physics to analog/digital circuit design to software (C/C++/Java/Python) to specific application domains (electronic displays, natural language understanding, MEMS/sensors, digital image processing and computer vision, augmented reality, thin-film optics, etc.) It seemed like a perfect fit. you don't know what you're talking about. I encourage engineers who enjoy presenting about and helping others understand technology as much or more than creating or operating technology to consider this path. The biggest lesson I've learned in life is that wealth has nothing to do with money and everything to do with time. I was more than blown away, it didn't seem real at all. The computer and technology industry is booming in the U.S. The terms didn't feel permanent in this situation, I also couldn't drive myself to work more than 6 hours in a day, so I moved to a position with a salary closer to that which wasn't tied to a weekly timesheet. If it seemed like it at first, but then it became one big puzzle that no 20-something had any business doing. same with SAP or anyone who has done large Microsoft installations / integrations. or is the compensation pretty much same for your level of seniority ? As a consultant I have more than once been the highest paid person at a company--sometimes making more even than the executives. All of these can be traced back to people I know making over $200k in the software industry. So i worked at it night and weekends, virtually non-stop till I got a Ruby position for 85k. Edit : Here is why 200K doesn't get you very far : Taxes : My tax rate comes to around 40% - which is quite a big amount, Insane rentals - I have a spouse and kid , something half way decent especially in a good school district is quite expensive, Things are just generally that much more expensive in the bay area. The latter does not show up on your CV and so requires using your network and recommendations, which by itself takes several years to build. What does a Software Engineer do? If you're unable to expand on your role, that's fine, but as this is a. A software engineer applies mathematical analysis and the principles of computer science in order to design and develop computer software. With equity packages, base and bonus, many Google/Facebook employees crack the 200k figure. Some comments here have advised on generalizing / specializing. But it also comes with markedly increased risk, which is why it pays more. After having observed for decades, I'm a big believer in randomness in job assortment, hiring, compensation, etc. That doesn't mean you can't or won't earn more than that--it's just that once you get to top levels as either an individual contributor or as a manager companies generally want to align as much of your compensation with the company's performance as possible, whether as bonuses, profit-sharing, or stock. I've had several jobs, including my current one, where I worked 4 days a week. Senior software engineer: $176,000. I still have a copy of the cover letter I sent to apply for a job in structured credit products at Bear Stearns. worse than that, you depress earnings for an entire industry of people because you are willing to work for shit money. Maybe if I wanted to complain that it was really hard. $200k in total comp sounds about average (or slightly below average) for a senior level developer at FB/MSFT/GOOG. * it is common at Google, Facebook, etc., for any senior dev to get $200k total, including all forms of compensation; * the OP states "$200,000 per year in salary". Anyone here who has been through a contracting company has probably been billed at that rate. Hell, I didn't even need to explain what I knew about them (which wasn't much!). If someone wanted to go this route, I would advise them: 2. The chances of self-taught web monkeys in companies that are loss leaders making a multiple of the salary of PhD level automotive software engineers in established companies with profits in the hundreds of millions to billions range are pretty slim, so I think we can just write this off as mostly fantasy. In my case, finance. I didn't know that programmers in the gaming industry could get paid that much. So, for the developers making more than (plus or minus) $200,000 per year in salary: How long did it take to get to your level? Also, the reason consulting rates are not high is not b/c of the benefits (that makes at most 20% of the diff between consulting and full time rates). They just do it a bit more broadly, or a bit more deeply. Aside from thr poll you would factor in bonuses and stock options to reach that level. If you have an easy recipe feel free to share :). Hoping in another 5-6 years I can break 100K/yr. Get a look into the base, stock, and bonus package breakdowns as well as Amazon's standard stock vesting schedule. BUt let’s take a look at the next rung up. $94,209. == Background (Combination of breadth and depth across EE and CS) ==. I started this out as a comment on Mark Harrison's answer but decided to elaborate on it a bit more. Additionally they detest people who cannot program but work in the technology industry. Salary estimates are based on 11,170 salaries submitted anonymously to Glassdoor by QA Engineer employees. Why can't someone vouch for you? Anyone can do it today. Can you talk about JMS queues, BI managers, the E-Business Suite and all that, ahem, stuff? Basically I was a Java dev and pretty much knew RoR would be big, and knew there were guys making 100k+ at it (this was 2008). Create a Video Course. I have a B.S. Being able to touch 200K and not work full time: Thanks for this. The national average salary for a QA Engineer is $70,827 in United States. My latest has been a course in human physiology, which turned out to be quite a challenge though I passed. The average salary for a Machine Learning Engineer is $148,439 per year in United States. Do you have any advice for someone who would want to pursue that industry now that is in their early 20's? You need to work hard and I don't mean number of hours but show that your work has an impact in your team and your company. The BLS' architectural, engineering and related category had the most mechanical engineers working within it at 61,180, and they make an average annual salary of $97,310. edit: Sorry, I somehow didn't understand you were saying it was a supply problem rather than a stress problem. Inflation have been crazy for the last decade, salary is finally starting to catch up, especially this year. I mainly wanted to get a data point out there for others. Consulting hourly rates and salary are apples/oranges comparisons. ), I made most of $200K, 3500 miles from Silicon Valley (and 120 miles from the nearest large city). ITT: a lot of people with a salary below $200k responding to a question about people with salaries above $200k. I’ m a software engineer with three years of experience, working at Square, a public tech company in San Francisco. That too was unscientific, but the company was pretty standardized around titles and how well you could do at bonus time, so it didn't take much to figure out that most of the data was probably accurate - and seeing that, even if it was totally unscientific, served as a reminder of how the place worked and where you fit into it. This estimate is based upon 8 Reddit Software Engineer salary report(s) provided by employees or estimated based upon statistical methods. I now find MOOCs much better though. I really enjoyed the work. If you're trying to make something do something with hardware or software, I can figure out a proof of concept. Probably not, but since they bill "much higher" than that and get 80% utilization, they would probably be leaving loads of money on the table. I got one grant every year and two in a couple of them (gold star bonuses). When they emailed me I would just quote a ridiculous rate like $200/hr and be polite about it. As a byproduct sometimes you end up being that person who took 5 years to learn to recognize what you need to do in an hour. You may be able to rebuild the ball, but it'll never be the same. Though the problem with trying to generalize is that its quite difficult, I always tend to read up on Web Dev articles, general programming etc. Someone who knows what they're doing, presumably. 4. It's not about how you learned it, it's what you know and what you can do. ), so in the end feels like a wash. As a rule of thumb I'd say $1 billed as a consultant ~= $.75 of salary (or $150K salary ~= $200k consulting). I don't get why people start conversations with asking about money - money is merely a derivative of the value you deliver and your marketing skills in convincing people that you really deliver that value. You could probably get there with less total stress by outsourcing cooking, cleaning, etc and working in 3 hour chunks with 1 hour breaks in between. Anymore than that, you are a VP, you make your own rules. Oh yeah, you have to be passionate about it. A subreddit for those with questions about working in the tech industry or in a computer-science-related job. Find a company and say "I live right down the street, you need X and it is hard to find, you can either have me show up every day or have someone a few thousand miles work on it" - for some companies it is easily worth the extra $40-$60k to have someone local. But good on you, especially for living frugally. It's just a selling point, and it works. I'm going to guess which peak someone is likely to fall in varies with factors like years of experience, when you entered the workforce, how often you changed jobs, luck or whatever. Advice: Do more of the stuff you'll wish you'd done more of once you get older. Go deep in one or two areas. The world is your oyster if you can master the following: - doing difficult technical things The most successful that I've seen has always been one of three things. If you end up working at a large financial company as a software engineer like Morgan Stanley, don’t worry, the compensation looks just fine. Take our quiz to become Triplebyte certified! Software Engineer Salary in the United States How much does the average Software Engineer make in the United States?. My specialty is pulling together a full-stack to solve what others can't seem to figure out. Those who don't are almost always "managed out". My advice is to not worry about a magic number, as long as you're comfortable and happy. Have fun competing with your peers for "visibility". > Inflation have been crazy for the last decade, salary is finally starting to catch up, especially this year. Theres just very few folks in game networking in general, then lots fewer that can scale that to huge numbers. I believe that there is a strong political interplay between these two modes of employment. The thing to keep in mind I think is that inflation is a very big factor. 5% (interest rate plus property taxes) of 1.2M = $60K. You have to create a path for it consciously by constantly figuring your own potential and (asking for) moving towards roles of higher responsibility. Average base salary Data source tooltip for average base salary. Most people don't make this much after 5 years in New York and usually work much more. The real challenge at those companies is to get promoted beyond that cap. Median Annual Salary, 2018: $105,590; Job Growth, 2018-28: 21% (much faster than average) Software engineering is one of the most versatile technology careers on this list. The one thing I will say is that the money, while very good and nice to have, wasn't the end all be all that I thought it would be. I don't think it makes sense to overemphasize that the poll is informal and not scientific - the poll still tells you something, even if not really that much, so why dismiss the messenger? Do you think you would have trouble staying 100% utilized if you were charging $100/hr as originally mentioned? Form an LLC and pitch as a business. If you are in the bay area , this is pretty common. Being able to say that you are a major Spring contributor will open doors. The average salary for a Triplebyte certified Software Engineer in the US is $151,357. The 29-year-old, 6-foot-2 Carter argues that while individual engineers are unlikely to profoundly impact public tech companies, they can make a huge difference at small startups like his. I've worked in places with lots of brilliant, high-paid rockstars that hate each other, and (guess what) it makes the place miserable to work at. I figured I'd easily meet the right woman with all the money I have, but I haven't, in fact the women I have mentioned it to on dates didn't even care (or believe me, or both). When I was 20, I had this habit of not thinking why I'd want to solve a problem, or a challenge, and just do it.
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