Which software developers make the most money?

In the modern workforce, there are a few key variables to assess when asking which software developers make the most money?

How much experience do you have? Which languages do you know? Where do you live? Which company are you working for?

We’ve searched through these questions and found a few key trends that can affect your salary. So if you want to be the on the right of which software developers make the most money, you should:

  1. Know a niche language

  2. Live in San Francisco (or a city known for its tech community)

  3. Work for one of the big tech names; and

  4. Gain a lot of experience.

If you want to do all four, it’s worth considering joining our bootcamp. But even if you don’t, let’s break it down and see exactly why these are so important.

Knowing a niche language

The fewer people who know a language, the more demand there is for those specialized skills. Companies inevitably fight over the limited number of potential employees. So they have to pay more to entice people. Problem is, there are also far fewer jobs for those languages.

In 2019, Dice Tech created a report on the top skills in the industry. Along with skills like knowing how to use Amazon services, they found that Go was the most profitable language to learn. The average salary in 2018 for Go was $132,827.

It’s the inverse of the number of jobs
The more jobs out there, the lower the salary. So which language gives you the right balance, between the jobs being there and the salary being high?
If we look at the top programming languages of 2020, and compare with Dice Tech’s report, we find that all the most in-demand languages pay over $100,000. But that Perl, the language with the fewest available jobs, pays the most.

 

Language

Rank in our Top 7

Yearly pay

Perl

7

$110,678

Java

2

$105, 164

C

4 / 5

$104,247

Python

1

$103,587

 

 

Clearly, learning a niche language will pay off if you land a job. But is that difference all that much, in the grand scheme of things? It could be much tougher to find a job, even if you could make more money.

We’d say it’s worth knowing that niche, well-paid language. But that it’d be much less risky to have a backup, more popular language, as well. When considering what language is the answer toward which software developers make the most money, Java seems to be a good choice here.

Live in San Francisco

Location clearly matters. Depending on where you live, your salary can change by tens of thousands of dollars. According to PayScale, San Francisco is the highest paid location. This is quite clearly dominated by Silicon Valley – obviously, the tech hub of the world is going to have the best wages.

But if you’re looking to move to a more lucrative area, it might be a good idea to consider Seattle as well.

Which software developers make the most money by city

Not everybody has the luxury of being able to completely upheave their life and head to a different state. But it’s worth considering for the perfect role. Sadly, it seems that our friends in Texas are the ones who might want to consider moving the most.

But don’t forget the cost of living in these areas, too. While a big city might attract the best salaries, they’re often the most expensive places to live. New York City, for example, is notoriously expensive.

Work for one of the big tech names

This is pretty obvious. But companies like Amazon pay around $133,000 for a senior software developer. Of course, these kinds of companies demand a lot more from their programmers. They expect the top talent, and everybody is looking to join them. So the competition is going to be fierce.
But it’s still worth trying. Microsoft pays around $120,000 for a regular software engineer, with Amazon close behind at $115,000.
If you’re looking to get the best salary, targeting those big names is the best strategy.

Gain a lot of experience

The more you know about programming, and the longer you’ve been in the industry, the more you’re going to get paid. According to PayScale, a software developer with one year’s experience is likely to make around $75,000. While one with 20 years of experience would be earning around $111,000.

There are a lot of ways of earning that experience. It doesn’t always need to be with a specific company. Projects you’ve done for yourself have just as much value. But even if you go with a more traditional route, it’s usually easiest to join a company through a popular language.

So learn your craft. Do your own projects. Build up experience.

Start your own company

Most of the top tech firms started off in a garage. Whether it’s an indie gaming developer or a niche app which fills a gap in the market. Just think of how Elon Musk made millions when he sold PayPal. Or how Bill Gates created Microsoft. All these legendary figures had one thing in common: they knew how to program.

 

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