Software developers earned a median salary of $130,160 in May 2024 (BLS), but total compensation at major tech companies — including equity and bonus — regularly exceeds $200,000 for mid-level engineers and $400,000+ at staff level.

Salary Overview

Base salary is only part of tech compensation. At companies like Google, Meta, Apple, Amazon, and Microsoft, total compensation (TC) includes base, stock (RSUs), signing bonus, and annual bonus. Levels.fyi data shows median TC exceeding $200,000 for mid-level and $400,000+ for staff engineers at FAANG.

Startups offer lower base with equity upside. Non-FAANG companies and mid-market firms typically pay $100,000–$180,000 TC for equivalent experience levels.

Salary by Role and Experience

LevelBase SalaryTotal CompensationJunior SWE (0–2 yrs)$90,000–$130,000 base$120,000–$180,000 TCMid-level SWE (3–5 yrs)$130,000–$180,000 base$200,000–$300,000 TCSenior SWE (5–8 yrs)$160,000–$220,000 base$300,000–$450,000 TCStaff SWE (8+ yrs)$200,000–$280,000 base$400,000–$600,000+ TCPrincipal / Distinguished$250,000+ base$600,000–$1,000,000+ TCNon-FAANG mid-level$100,000–$150,000 base$120,000–$200,000 TC

Return on Investment Analysis

A CS degree costs $40,000–$120,000 at most state schools. With a median salary of $130,160 and strong demand, most CS graduates achieve positive ROI within 1–2 years of graduation.

Bootcamp graduates entering at $75,000–$100,000 achieve even faster ROI due to lower training costs ($10,000–$20,000) and shorter program duration (3–6 months).

Factors That Affect Earnings

  • Company tier — FAANG/big tech pays 50–100% more in TC than mid-market
  • Engineering level — each promotion adds $50,000–$150,000 in TC
  • Location — remote roles often adjust pay by cost-of-living tier
  • Specialization — ML, systems, and infrastructure often command premiums
  • Equity structure — RSUs vs options vs none changes TC math significantly

Career Growth Timeline

  1. Years 0–2: Junior/new grad, $120,000–$180,000 TC at FAANG
  2. Years 3–5: Mid-level, $200,000–$300,000 TC
  3. Years 5–8: Senior, $300,000–$450,000 TC
  4. Years 8+: Staff or management track, $400,000–$600,000+ TC

Geographic and Industry Variation

San Francisco, Seattle, and New York offer the highest nominal SWE pay. Remote work has expanded access to high-paying roles from lower-cost markets, though many companies apply geographic pay bands.

Austin, Denver, Raleigh, and Salt Lake City offer strong SWE salaries ($120,000–$180,000 TC) with meaningfully lower cost of living than SF or NYC.

Key Takeaways

  • SWE median: $130,160 — FAANG TC exceeds $200K at mid-level
  • Each engineering level adds $50K–$150K in total compensation
  • CS degree ROI is positive within 1–2 years of graduation

Sources

  • BLS May 2024 OES
  • Levels.fyi
  • Glassdoor

Software engineering offers the highest median pay of any large occupation in the US. The combination of strong base salaries, equity compensation at big tech, and fast ROI makes CS one of the most financially rewarding degrees available.