Software runs the world these days. Wherever you go, whatever you do, everything is controlled by some software or the other. Software developers are the creative and technical minds behind everything from cell phones to rockets. They are in great demand nowadays due to the surge in the digitization of our environment. Software development position is a well-paid job, and the software developer's salary, since the pandemic, should see even more increase due to the increase in the use of technology.
Now you can learn the top skills required for development by applying for a limited Software development course duration. If you have strong programming skills and a knack for problem-solving, this can be a career path for you. We will talk about the software developer salary in 2023 and give you a comprehensive guide about other important elements of being a software developer.
Who Is A Software Developer?
A software developer develops computer applications and allows users to perform specific tasks and use that software to their benefit. Additionally, they also create new systems or modify ones that already run networks or devices. A bachelor's degree in software engineering, computer science, or information technology is often required, along with relevant job experience.
Software developers are responsible for providing the necessary code for software development. In addition, they are also responsible for documenting features, assessing concepts, and, in some cases, designing, developing, testing, debugging, and optimizing programs to ensure that they function properly in all respects.
During the development of a product, they work closely with a wide range of decision-makers and experts, graphic designers, product managers, customer representatives, and many more. A good set of skills will land you an excellent software developer starting salary package.
Factors That Impact Software Developer salary in 2023
Several factors play a significant role in determining the software developer pay scale. A few of them are as follows:
- Based on experience.
- Based on the company
- Based on the location
- Based on skill sets
- Based on certifications, among many others.
Software Developer Salary Information
The average salary of a software developer salary is $94,077 per year. There is no fixed salary for software developers. The software developer's salary depends on various factors. They are also depended on the years of experience you have. Here is a complete outlook of the salary.
Software Developer Salary: Based on Experience
A software developer's salary gradually increases with experience. A software developer's starting salary will significantly differ if you have more experience. A highly experienced software developer will get a hike in their package. So if you are a beginner, your entry-level or graduate software developer salary will differ from mid-level or lead software developer salary. Let's look at each level separately.
Entry-level/ Junior Software Developer salary
Mid-level Software Developer salary
Highly experienced/ senior Software Developer salary
Software Developer Salary: Based on Employer/Company
Different companies have varied salary structures for software developers. The average annual salary in 2022-2023 of some of the companies are as follows:
Tata Consultancy Services (TCS)
Software Developer Salary: Based on Skill Set
Skills also play an important role in determining a software developer's salary. You must possess an impressive set of skills to acquire the best-paid jobs.
For instance, a person with Java or Python knowledge will be given preference over others because these are more in-demand in the market than C, even though you may have mastered it in your graduation.
Those mentioned above are some of the most important factors that help determine a software developer's salary. Working on web technologies, for instance, will give you an edge over others who are not focusing more on in-demand topics. Let's look at some more factors.
Software Developer Salary: Based on Certifications
A standard way of demonstrating your skills to potential employers as a software developer is by earning a certification. It displays an employee's eligibility for a certain software development role, immediately raising the likelihood of receiving a pay raise or getting well-paying roles requiring a particular skill set. An excellent Full-stack developer learning path would be learning through an online software development course. It will not only advance your skill set but also make you stand out from the crowd. The average full stack software developer salary is $99,657.
Although there are many software developer certification programs available, some of the most sought-after, high-in-demand software developer certifications are as follows:
Certified OpenStack Administrator
Puppet Certified Professional
Oracle Platform as a Service (PaaS) Certification
SAP Certified Development Associate – SAP HANA 2.0
SAP Certified Development Associate – SAP HANA 2.0
Cloudera Certified Professional (CCP) Data Engineer
Software Developer Salary: Based on Location
The varied salary structures for Software Developers depend on the locations where they are working in. Following are the average salary of the Software Developers based on Location.
How to Improve Software Developer Salary?
The software engineering field has seen rapid growth due to the advancement of technology, and it will continue to grow in the coming years. This has created numerous job opportunities for developers. This, in turn, increases the competition in the job market. Hence, it is crucial to stay updated as per the market demands.
Some technical skills required to increase software developer salary are as follows:
- Database Knowledge
- Debugging Knowledge
- Software Frameworks
- Encryption and Cryptography
- Basics of Networking
- System Design and Architecture
The certifications that will help you get a higher salary in the software development field are:
- Certified Information Systems Security Professional (CISSP)
- Certified Information Security Manager (CISM)
- AWS Certified Solutions Architect
- Certified Cloud Security Professional (CCSP)
- Project Management Professional (PMP)
A master’s degree specialization in a niche field that is in high demand can increase your chances of getting a raise in your current salary. Some examples are:
- Machine Learning
- Data Science
- Computer Science
- System Design Engineering
Having enough experience is an important factor in getting a decent hike in your salary. However, the salary hike may vary from organization to organization. Some companies may offer a 20% hike in your salary, and some may offer more. However, with a minimum experience of 2 years expecting a salary hike of 30-40% is reasonable and you can also become a principal software developer.
Why Are Software Developers Paid So Much?
The explanation for this is rather simple. Nowadays, it is challenging to imagine a world without the millions of programs and pieces of software at our disposal or the wide range of websites on the internet. Software developers are responsible for making all of these products happen.
The huge demand for the services of software developers in the market explains why they earn such high salaries.
Future Of Being A Software Developer
There is excellent potential for software developers of all levels in the coming years. According to a study by Evans Data Corporation, there are currently 26.9 million software developers worldwide, which is expected to grow to 27.7 million in 2023 and 28.7 million in 2024.
According to U.S. Bureau of Labour Statistics, the overall employment for software developers is projected to grow 25 percent from 2021 to 2031. This means there is a bright future for qualified software developers to excel in their career.
What Is The Average Salary Of Software Developers?
Web and software developer salary is one of the highest paying jobs globally. The average salary of these professionals, considering all the above factors, is the following -
- The average Software Developer’s salary per hour is $55.04
- The average Software Developer’s salary per month is $9,540
- The average annual salary of a Software Developer is $107,327
Software development is a fast-growing field, and the demand for software developers will only increase in the coming years.
Your worth and salary are dependent on the factors mentioned earlier. But it is not just limited to those. Other factors also include the skills you possess, the mastery you have attained over them, and how well you contribute to your company's growth. There are many more factors apart from the obvious ones that you need to look at and improve yourself for a better chance at landing a well-paying software development job.
If you are looking to improve your skills in software development, then you should check out the KnowledgeHut website right now! We offer a wide range of KnowledgeHut Software development courses duration, and the courses are quite flexible, convenient and highly beneficial.