Software Engineer Salaries in 2020. How much do programmers make?

Hello tech, afternoon, welcome back to another exciting episode with your host here. Public perception seems to be that

software

engineer

s are paid a six-figure salary, even 100,000, when in reality it is

much

higher than that. Many of you were surprised when I said that entry-level junior

engineer

s are paid 200,000 in Fang companies and do they really

make

it mid-career after three or four years? Software engineers earn 300 thousand. An income of 600 thousand for just one year of work. Software engineers get paid a lot and I want to explain how you too can reach these income levels because there are some tricks involved.

First of all, you must realize that there are two factors. What's at stake here is number one what company you work for and number two is where you do it. The top companies where you can get

salaries

like this: the top technology companies in Silicon Valley, we are talking about Facebook Google. Apple Amazon Netflix maybe Microsoft in Silicon Valley because geography really matters. I've personally reviewed internal compensation tables before and

salaries

are totally dependent on location. The fact is that most of the world does not see

software

engineering as a white-collar job, in fact. as a type of lower-class blue-collar job.

I have a brother who was working a 120k programming job in Silicon Valley and he moved to Japan because he wanted to be there and then he had to put up with a 60k job there and stuff. The first store is like that over and over again, so that's the first thing in geography. If you are a software engineer, I recommend you visit Silicon Valley, maybe just fake your address on your resume and see if you can apply and what kind of offers you can receive. get, if you really get something interesting, take a flight and do the interview and just move because Silicon Valley just pays better, the whole culture there, the respect around the software engineering profession is at a higher level now, the another factor is what company we are working with and you really have to take a look at these top tier tech companies it's like most companies are paying quite a bit above average and then you look at Facebook Google and it's

much

higher than that and there are a number of The reason for this is that these top tier technology companies can simply afford to pay more because they are making a lot of money and they can choose, of course, you have to be extremely qualified.

I think a lot of the numbers you usually hear about from software engineers

make

it 75-85K, maybe 100K, these are usually quoted from, say, base salary amounts of people working at startups. where capital is worthless or from smaller software engineering companies across the country, which is quite common now. Silicon Valley may be the most concentrated area for high paying tech jobs but there are also other areas like Seattle or New York and then some areas like I've heard Switzerland also pays pretty well now, if you live there where else could I recommend you look into these global tops? tier technology companies because generally they would still pay more because they have that culture of respect for software engineers, so I'll quickly go over the salary breakdown for software engineers.

They are generally classified into levels from level two, three, four, five, six, seven, eight. and nine level two are like interns, they can be paid around 85 thousand and they only work for three months or so. You really start at that level three, which is entry level software engineers, a standard package might look like a base salary of 110k plus a performance bonus of 15 percent more. another 150 KS shares over four years and then maybe another 50k and a sign on bonus that brings the total compensation in the first year to about 200k and that's not even strange because you also get stock upgrades from the same way updates work when you sign up Usually a company stays stagnant for four years, but after four years all those shares just dissolve, there's nothing left and then you just leave the company, so to retain people, companies will generally continue to offer you about a quarter of their shares each year.

After the first year, you usually get another 1/4 of your shares and so on and your income is billed in such a way that by the time you get to the second or third year, you're actually making like two hundred and fifty at that point. You can also be promoted to level four, which is considered a strong individual contributor, someone who doesn't need hand-holding and can take on tasks from start to finish completely on their own. This is the middle level, probably the widest range, maybe 70. About % of software engineers are here, a standard package may look like a salary of 150 thousand 320 KS, talk for four years, 15 percent bone and then another signing bonus of approximately 50k, which completes the package to approximately 300k income with the capital reviews later.

In a few years you could reach 350k and you will notice that this is a big jump from level 3 to level 4, it is like a hundred thousand difference and that's why a lot of software engineers motivate themselves to get promoted, that's why they push. to work hard and I think overall it's a great system where you really give people a carrot worth chasing rather than just saying well, yeah, if you work really hard to get a 5% raise, a 15% increase as this is actually something considerable that people would really search for, from there you get to the top level which is 15 on Google or 5 on Facebook and this is sometimes considered the terminal level, you don't really need to go much further of that and a lot of people just say at the senior level for many years is a sweet spot, you have a decent amount of responsibility, you lead small teams, you've generally learned to multiply your impact beyond yourself, a standard compensation package is 180k, pay 20% bonus, target 500k and stock sheds some capital Reviewers put in a signing bonus and you're looking at 400-450K in total comp and then if you want to push it a little further you can get to level 6, which is where I was as a staff software engineer and you really need a great opportunity for this, sometimes the opportunities just don't exist, you just can't make enough impact overall, although you need to lead teams of people on projects complete that are impactful and that generate results that impact the results of the company that you are responsible for coordinating.

The success of a project, collaboration and coding between teams, although still important, starts to take a backseat, people can do it, say, only 20 to 30 percent of their time or even less. I know some level 6 engineers who barely even code anymore. Most of the time they are right in design documents, they are still responsible for understanding the technical design, architecture and implementation of a project. They are not necessarily people managers, but they delegate a lot more. A typical salary here is 220K. base salary 20% bonus one million in stocks for four years 75K signed some capital reviews you're looking at 500K to 600 that all comp when you get to level seven or eight these are usually engineers distinguished and highly respected software in their industry is well known.

I've met a few of them personally and they are generally impressive, with excellent technical and communication skills, so I hope this overview has given you an idea of ​​what it takes to be successful in software engineering. all about coding, in fact, coding ability peaks at about level four and then it's really about multiplying your impact, leading people, coaching cross-team collaboration, taking initiative, leading projects toward success and this does not even include all the other advantages and benefits. you might get like 401k health insurance medical dental vision computer equipment free food parties and outside sites and best of all free coffee okay so let's take a step back.

I remember when I used to run my own apps and websites. I thought that software engineers are making around 100k and if I could just make it a hundred K then I would be fine and happy and that served me well for a few years until I realized later when I joined Google that most of the engineers are earning 200k. if not much more than that, I now realize and my general recommendation is that most software engineers try to get the job at one of these top tier tech companies, it's like a marathon and it's something you can try year after year perfecting your interview. skills, so generally the biggest mistake I see a lot of software engineers make is that they somehow convince themselves that they don't need to work in Silicon Valley at the top tier tech company and they'll say things like Oh, the cost of living is too high or yeah, I don't want to work at a corrupt company like Facebook, these are just giant monopolies.

I'm fine with my current job, I like my coworkers and that's fine, that's great and, frankly, it used to be. This way I would also be fed up and bitter with those Google employees who write their messages on Google and I still am, but overall I would still recommend you try it because it will change your life and open many doors for you. and you can still quit after, say, a year or two and go on your merry way with that brand equity on your resume. The last thing I want to know is that I think a lot of us are focusing too much on salary and what we do.

What you really choose is a lifestyle because it doesn't matter how much you get paid if you work in a company, it doesn't matter if you're a mid-level senior staff or the CEO, you all live a very similar lifestyle to what you live. in the same city you are eating the same food going to the same bathrooms drinking the same coffee going to the same company events living in the same city working in the same office under the same job and for the same eight to twelve hours a day where you can be there and the highest paid people are actually working even harder and maybe they just have a better car or a better house or family vacation and that's it, in the salary range everyone may have organized things to which anyone can go. buy a Porsche, everyone can go to good restaurants, everyone can take nice vacations, taxes eat up half their salaries, and everyone is still chained to their jobs for health insurance because health insurance is so ridiculously expensive in our country that if you decide giving up, just Paying a lot for a retirement with fairly poor weekly coverage is quite difficult in this country and the funny thing is that any additional income you get may not even be for yourself, you may just go home with your pass to your kids and with your kids, the kids will just waste it in Las Vegas, so that's the funny thing: many of us are busy working our lives away at our nine-to-five jobs to save up and buy a bigger house that's about to happen. be approved.

Let's go to someone we don't even know and my advice here is to just remember to enjoy that journey choose a lifestyle you enjoy don't work yourself to death for a job it's not just about the money because that game of chasing money will always be there it doesn't have end even today. I keep chasing it so they can do it for me. I just hope I've inspired you to continue applying to these top-tier tech companies. I think it will be worth it. move especially for software engineers to think a little about your lifestyle to enjoy your trip if you liked the video like and subscribe and see you next time thank you bye