Software Engineer Salary in 2024

Salary details

The average Software Engineer salary lies between USD 117,200 and USD 208,800 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Dec. 22, 2024

Top 20 Job Tags for Software Engineer roles

The three most common job tag items assiciated with Software Engineer job listings are Cloud, Computer Science and Python. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Cloud | 1365 jobs Computer Science | 1138 jobs Python | 1110 jobs Java | 897 jobs AWS | 792 jobs C | 763 jobs Agile | 666 jobs Monitoring | 623 jobs Automation | 617 jobs Compliance | 602 jobs Linux | 578 jobs Kubernetes | 575 jobs APIs | 561 jobs Azure | 559 jobs Privacy | 482 jobs Docker | 479 jobs GCP | 466 jobs CI/CD | 448 jobs JavaScript | 383 jobs Clearance | 358 jobs

Top 20 Job Perks/Benefits for Software Engineer roles

The three most common job benefits and perks assiciated with Software Engineer job listings are Career development, Health care and Equity / stock options. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 1383 jobs Health care | 1025 jobs Equity / stock options | 787 jobs Flex hours | 769 jobs Flex vacation | 764 jobs Parental leave | 681 jobs Medical leave | 661 jobs Insurance | 532 jobs Salary bonus | 461 jobs Startup environment | 452 jobs Competitive pay | 452 jobs Team events | 351 jobs Wellness | 294 jobs 401(k) matching | 257 jobs Transparency | 133 jobs Relocation support | 123 jobs Home office stipend | 121 jobs Gear | 89 jobs Flexible spending account | 87 jobs Fertility benefits | 73 jobs

Salary Composition in InfoSec/Cyber Security Roles

The salary composition for a Software Engineer transitioning into an InfoSec/Cyber Security role can vary significantly based on factors such as region, industry, and company size. Typically, the salary is divided into three main components: base salary, bonuses, and additional remuneration.

• Base Salary: This is the fixed annual amount and usually constitutes the largest portion of the total compensation package. In regions with a high cost of living, such as the San Francisco Bay Area or New York City, the base salary tends to be higher to compensate for living expenses.

• Bonuses: These are performance-based and can vary widely. In larger tech companies or financial institutions, bonuses can be substantial, sometimes reaching 10-20% of the base salary. Bonuses are often tied to individual performance, team performance, or company profitability.

• Additional Remuneration: This includes stock options, profit-sharing, and other incentives. Tech companies, especially startups, often offer stock options as part of the compensation package. Larger companies might offer profit-sharing plans or other long-term incentives.

Steps to Increase Salary

To increase your salary from this position, consider the following strategies:

• Specialize in High-Demand Areas: Focus on niche areas within cybersecurity, such as cloud security, threat intelligence, or penetration testing, which are in high demand and can command higher salaries.

• Pursue Advanced Certifications: Obtaining advanced certifications can demonstrate expertise and commitment to the field, potentially leading to higher-paying roles.

• Seek Leadership Roles: Transitioning into management or leadership positions can significantly increase your earning potential. This might involve leading a security team or managing security projects.

• Network and Build Industry Connections: Engaging with industry professionals through conferences, seminars, and online forums can open up opportunities for higher-paying positions.

Educational Requirements

Most InfoSec/Cyber Security roles require at least a bachelor's degree in computer science, information technology, or a related field. Some positions may prefer or require a master's degree, especially for more senior roles. Continuous education through workshops, online courses, and seminars is also beneficial to stay updated with the latest trends and technologies in cybersecurity.

Helpful Certifications

Certifications are highly valued in the cybersecurity field and can significantly enhance your credentials. Some of the most recognized certifications include:

• Certified Information Systems Security Professional (CISSP)
• Certified Ethical Hacker (CEH)
• Certified Information Security Manager (CISM)
• Certified Information Systems Auditor (CISA)
• CompTIA Security+

These certifications validate your skills and knowledge, making you a more attractive candidate for higher-level positions.

Required Experience

Typically, a mid-level InfoSec/Cyber Security role requires 3-5 years of experience in IT or software engineering, with a focus on security. Experience in roles such as network security engineer, systems administrator, or software developer with security responsibilities is often preferred. Practical experience with security tools, incident response, and vulnerability assessment is also crucial.

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