Table of Contents
So what are the salary expectations of an entry level software developer? Entry level software developers can expect to earn a salary of around $50,000 – $65,000. In order to become a software developer, one could have a college degree in computer science and/or related field, training at a bootcamp, or just be self taught and know your stuff. According to PayScale, the average salary for a software developer is $64,000. Entry-level software developers can expect to make an annual salary of $50,000. However, with experience and education, the salary range can increase up to $103,000. But knowing what I know, your salary as you get more experience can reach as high as $200,000+.
The most important factors that contributes to salary is location and experience. The location is where the company is located and how much the demand for software developers in that area. If a company has an abundance of candidates, they will hire them at a high salary. The pay range for a software developer is based on experience and education. The salary range for an entry-level software developer is $50,000 to $65,000 per year and that’s increasing more each year as more companies are needed software developers to build out applications and websites. For experienced software developers the salary can reach $100,000+ per year.
Education and Experience for a Software Developer
In order to maximize earning potential, having a degree in computer science is good, but it is not the only thing companies consider. I have work with plenty of software developers who only had a high school diploma and they either went through a bootcamp or taught themselves. These days, it’s about what kind of experience you have because to be honest, I didn’t take much from my college degrees, I learned more teaching myself and experience.
Entry level software developers typically have a few years of experience under their belt before they reach the higher paying positions. With hard work and dedication, an entry level developer can move up the ladder and increase their salary potential.
Location Plays A Part In Your Salary
Software developers in major metropolitan areas can expect to earn more than those in rural areas. As technology becomes more and more ingrained into our lives, the demand for software developers continues to grow. Salary:
Software developers typically earn more than their peers in other professions. However, this is often offset by the cost of living where they live. The cost of living can be a major factor when determining how much money an individual will make. But since Covid, you will find that many of the jobs available in software development are now fully remote. Companies understand that software developers don’t need to be in the office in order for them to get their work done, and many software developers would rather work remote, so it’s a win-win for both parties. For 95% of the jobs I get sent to me from recruiters, they are 100% remote. I love remote because it allows me the comfort of home, save money on gas, save on food as I have food I can prepare at home for breakfast and lunch, and save commute time of 2 hours a day. And I am available to pick my kids up from the bus stop.
Software Development Industry
Software developers employed in the technology industry can expect to make more than those working in other industries.
Entry level software developers can expect to make more than those working in other industries. According to the Bureau of Labor Statistics, software developers employed in the technology industry can expect to make more than $100,000 per year. In comparison, the median salary for all occupations is just over $36,000.
The BLS projects that demand for software developers will grow 24 percent from 2016 to 2026, much faster than the average for all occupations. This growth is due, in part, to the increasing popularity of mobile devices and cloud computing. The demand for software developers will likely continue to be high.
According to the BLS, the job outlook for software developers in the United States is very positive. The BLS projects that the number of jobs available will rise by 9 percent during this time period.
Consider The Company Size
Smaller companies typically pay less than larger companies.
When it comes to salary, smaller companies typically pay less than larger companies. According to Indeed, the average salary for a software developer is $76,000. However, this number can vary greatly depending on the size of the company. For example, smaller companies may offer around $60,000-$70,000 while larger companies may offer $90,000 or more.
There are a few reasons for this discrepancy. First, smaller companies typically have tighter budgets and can’t afford to pay as much as larger companies. Second, large companies often have more opportunities for advancement and can therefore offer higher salaries to attract top talent. Finally, small companies may not have the same resources as large companies (i.e. training programs, mentorship opportunities) and thus cannot provide the same level of support to their employees.
Software Developer Contract Work
Contract work offers the potential to make more money, but it also comes with more risk.
Contract work is a great way for developers to make more money. Typically, the pay is higher than for permanent positions, and there are often opportunities for bonuses. However, there are also some risks associated with contract work. Contractors may not be eligible for benefits, such as health insurance or 401k contributions. They may also have less job security, and may be less likely to receive raises or promotions.
Contract work can be a great way for developers to make more money. Contractors are typically paid by the hour, so they can make more money if they work more hours. However, this also means that they are more vulnerable to getting less work if the project is delayed or cancelled. Additionally, contractors don’t typically receive benefits such as health insurance or 401k matching. This can be a major downside if they don’t have another source of income.
Contractors are typically paid on a project basis, so they are not guaranteed any income if the project is cancelled or they are let go. In addition, contractors may have to pay their own expenses, such as travel and housing costs.
Despite the risks, contract work can be a great way to earn more money and gain experience in a new field. It can also be a good way to network with potential employers. Before accepting a contract position, be sure to research the company and understand the terms of the contract.
An entry level software developer can expect to make an annual salary of $50,000 – $65,000. This salary is based on surveys of developers who are new to the workforce. The survey also found that the majority of respondents (64 percent) reported that they were happy with their current salary.
Interestingly, only 38 percent of respondents had a formal education in software development. The majority of respondents (58 percent) had a computer science degree. However, this does not mean that a computer science degree is necessary to becoming a software developer. Many companies are willing to train developers on-the-job.
The bottom line is that there are many different paths to becoming a software developer and no one route is better than another. It all depends on what the individual wants and what the company is looking for.
Join our community of black software developers who are experienced, new and others who are curious about the becoming a developer.
