Software Engineer Salary in 2024

Salary details

The average Software Engineer salary lies between USD 112,900 and USD 210,000 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: Nov. 24, 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 | 1189 jobs Computer Science | 974 jobs Python | 968 jobs Java | 764 jobs AWS | 683 jobs C | 666 jobs Agile | 570 jobs Automation | 536 jobs Monitoring | 523 jobs Compliance | 511 jobs Linux | 509 jobs Kubernetes | 487 jobs APIs | 475 jobs Azure | 470 jobs Privacy | 436 jobs Docker | 406 jobs GCP | 387 jobs CI/CD | 374 jobs JavaScript | 328 jobs Vulnerabilities | 313 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 | 1199 jobs Health care | 895 jobs Equity / stock options | 709 jobs Flex vacation | 665 jobs Flex hours | 659 jobs Parental leave | 597 jobs Medical leave | 594 jobs Insurance | 470 jobs Salary bonus | 415 jobs Competitive pay | 400 jobs Startup environment | 394 jobs Team events | 299 jobs Wellness | 258 jobs 401(k) matching | 236 jobs Transparency | 116 jobs Relocation support | 109 jobs Home office stipend | 105 jobs Flexible spending account | 83 jobs Gear | 82 jobs Fertility benefits | 66 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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