Average Software Engineer Salary in 2024

Nobody becomes a software engineer for social service but to earn a lot of money and build a stable career. That’s why being concerned about the average software engineer’s salary in 2024 is not bad.

Software engineering is a bit different from other fields like Marketing, Sales, Accounting, and others. This field respects experience and proficiency rather than formal education. Anyone can become a software engineer, and they can get competitive salaries for providing their services to employers.

Even though the salaries are higher than those in the other fields of engineering, the Pandemic has hit very hard. According to a report from MotionRecruitment, salary growth for software engineers has been stagnant in North America. It currently stands at just 0.1% per annum.

This should not worry the beginner engineers as the starting salaries are quite attractive. We are here to help you through understanding the exact salary structure and the average salaries for Software engineering employees in 2024.

Entry-Level Software Engineer Salary in 2024

Beginners in the software industry are looking to gather experience under their belts. Many companies are looking to hire fresh graduates from traditional learning paths like Bachelor’s and Master’s Degrees. Also, startups look forward to hiring freshers with boot camp graduation or regular self-learning certificates.

For beginners, the average salary ranges from $60,000 to $80,000. This is the standard average for the North American region. Salaries differ depending on software skills, experience levels, educational projects, age factor, gender, and the company’s location.

When we move to South Asia for the same entry-level salaries, we see a drastic drop. The average salary of a software engineer in South Asian countries starts at $5,000 or 4 Lakh Indian Rupees. The trend follows all other countries in Southeast Asia.

Senior-level Software Engineer Salary in 2024

As soon as the freshers accumulate experience and knowledge, they move to the senior software engineer position. Experience and technical skills are very important for the senior software engineering position.

The average salary for senior-level positions in the North American region is $145,110. In Southeast Asian countries, this salary is in the upward range of $18,000 or INR 15 Lakh. This is just an average number, as location, employer status, experience, and many other factors contribute to higher salaries.

The duties of a senior software engineer are higher than usual; hence, their remuneration is higher. The salary range in the North Americas is much higher than in the South Asian countries by a huge number.

Factors Affecting the Salary in Software Engineering Roles

Salary is not universal for everyone as there are a ton of various factors affecting the same. Here are a few factors that might increase or decrease the salary range.

#1 – Skills

Every Skill you acquire doubles your odds of success. ~ Scott Adams

Skill plays an utmost importance in the engineering field. Employees with adequate skills can fetch higher positions and salary than employees who lack the same. The employees having soft skills or technical skills might increase or decrease the salary offered from the employers.

#2 – Location

Location is one of the most important factors that affects the salaries in the software industry. For tier one countries, the salary range is quite high compared to the third-world countries. That’s why we can see the huge difference between the Software Engineer Salaries in the USA and in India. Relocating to a first-world country is a good option to get a salary boost.

#3 – Demand and Supply

Economics plays an important role in the job market. Fortunately, the global software market is rising exponentially and the demand is ever increasing. With the tight supply of the experienced and skilled software engineers, the salaries are being affected due to high competitiveness.

Highest Paying Software Engineering Roles in 2024

There are numerous roles and duties that every software engineer must adhere to. With the different roles, the salary structures change a lot. Here are a few high paying software engineering positions in 2024 for you to consider.

#1 – Big Data Engineers

Big Data has become a popular field with the advent of Artificial Intelligence and Machine Learning tools. The Big Data Engineer position is a popular one that pays one of the highest salaries in the field of computer science.

The average Big Data Engineer salary is $160,000 per annum in the North Americas region. This is for the senior position, and it may change per the experience, seniority, location, and also the size of the company.

#2 – Enterprise Architect

Big enterprises need a solid foundation of software programs, tools, and backend systems. Being an Enterprise Architect helps you become one of the top earners in the industry. As per the data shared by Indeed, the average salary of Enterprise Architect Engineers is $145,829 per annum.

Deep knowledge of programming languages, back-end development, server management, and Information Technology is required for an experienced architect.

#3 – Software Architects

Every software needs the design and development process. The design process included every bit of information regarding the software UI, Backend, architecture, and features. The Software Architects handle this entire part.

Software architects are required to have a robust knowledge of computer science and information technology. Also, expertise in all of the core programming languages is necessary. This senior position fetches an average salary of $141,619 per annum in the North American region.

#4 – Cloud Engineer

Any big business needs robust cloud infrastructure, and cloud engineers take care of everything. They build the cloud system, build software, and maintain the cloud network. This is a senior position that requires years of experience and proficiency in the required tech stack.

This is an emerging position in computer science and IT fields. According to Indeed data, this position fetches an average of $128,063 per annum, but these numbers can change due to various factors.

#5 – Full Stack Engineer

All of the above positions were meant for enterprise solutions or the enterprise notion. But the full-stack developer is meant for both consumer and enterprise use. These developers and engineers know everything about the front-end and back-end software development process.

A full-stack engineering role can fetch an average salary of $125,579 per year. This position requires an expert understanding of front-end programming languages like HTML, CSS, JavaScript, TypeScript, Python, ReactJS and backend systems like databases, security, deployment, and server management.

Final Words

Software Engineering is a lucrative career option due to the high salaries. The key here is to become skilled and experienced to fetch higher salaries, and you are set in your career.

The software industry is expected to grow by 13% by 2025. So, now is the right time to enter the industry and get a high-paying software engineering job.