The highest paying industries for software engineers – TechRepublic

Register for your free TechRepublic membership or if you are already a member, sign in using your preferred method below.
We recently updated our Terms and Conditions for TechRepublic Premium. By clicking continue, you agree to these updated terms.
Invalid email/username and password combination supplied.
An email has been sent to you with instructions on how to reset your password.
By registering, you agree to the Terms of Use and acknowledge the data practices outlined in the Privacy Policy.
You will also receive a complimentary subscription to TechRepublic’s News and Special Offers newsletter and the Top Story of the Day newsletter. You may unsubscribe from these newsletters at any time.
All fields are required. Username must be unique. Password must be a minimum of 6 characters and have any 3 of the 4 items: a number (0 through 9), a special character (such as !, $, #, %), an uppercase character (A through Z) or a lowercase (a through z) character (no spaces).
The highest paying industries for software engineers
Your email has been sent
Commentary: Developers make a good living, but industries that entertain tend to pay better.
It may be, as Cloudera co-founder Jeff Hammerbacher once said, that “the best minds of my generation are thinking about how to make people click ads,” but the ones who are getting paid best? Those are the engineers ensuring we stay fixated on our digital gadgetry and online entertainment like Netflix. At least, that’s one big takeaway from IEEE’s annual salary survey data. While we may like to opine about the need to invest in clean energy, a robot-driven future or education, software engineers in these industries make dramatically less than their entertainment-oriented peers.
Of course, software engineers are not, on average, starving. According to the report, the median income for tech professionals was US $154,443 in 2020. Hardly poverty wages.
SEE: Hiring kit: Principal Software Engineer (TechRepublic Premium)
We also know from a separate Harvey Nash salary survey that certain categories of tech professional got pay increases last year. According to that report, development managers, user experience (UX) and user interface (UI) designers, system architects and data science professionals saw the biggest increases, while across the board roughly 40% of tech professionals got a salary bump last year.
This isn’t particularly surprising. After all, with companies building new applications to deliver better customer experiences, it makes sense, for example, to place a premium on UX and UI. What is surprising are the industries that are getting paid most.
For engineers working on consumer electronics, median salary was $185,000 in 2019 but jumped to $209,373 in 2020. Meanwhile, for engineers focused on broadcast technology (think: Netflix, HBO Max etc.), an engineer could expect a median income of $148,000 in 2019, climbing to $209,000 in 2020. Why are we willing to pay top dollar for these two industries? According to the report authors, “Though there’s no way of telling from the data collected, it wouldn’t be a huge leap to suggest that our dependence on home entertainment during the pandemic gave these categories a boost.”
Or, as Nirvana might sing, “I feel stupid and contagious / Here we are now, entertain us.”
What about lower on the list? Into vehicular technology? That will earn an engineer a median salary of $176,026 this year. Web development? $165,000. Machine learning? $162,948.
But you have to go down to the very bottom of the list to find energy and power management engineering ($140,000), robotics and automation ($131,950) and education ($120,000). Things like battery engineering feels like it should be near the top, given its importance to electric cars. Nope. Robotics is big, too, with increasingly widespread adoption in areas like factory automation. Still, nope. And education, well, that’s a perennially underfunded area, despite its importance to informing the next generation of workers.
Ultimately, we pay to play. Perhaps that’s not such a bad thing in the pandemic era, when people have needed something to take our minds off the sadness and/or monotony of COVID-19’s impact. Still, it remains to be seen if this possible over-investment in entertainment will hurt us down the line.
Disclosure: I work for MongoDB, but the views expressed herein are mine.
We deliver the top business tech news stories about the companies, the people, and the products revolutionizing the planet.
The highest paying industries for software engineers
Your email has been sent
Your message has been sent
TechRepublic Premium content helps you solve your toughest IT issues and jump-start your career or next project.
The technologies could enable immersive experiences, accelerated AI automation and optimized technologist delivery in the next two to 10 years, according to the firm.
Are you an IT manager or executive trying to make the case for a new ERP vendor? Compare the top ERP software solutions with our list today.
Learn about the new features available with macOS 13 and how to download and install the latest version of Apple’s flagship operating system.
Get great deals on developer and Linux training courses, Microsoft Office licenses and more through these TechRepublic Academy offerings.
This comprehensive guide covers the use of services from multiple cloud vendors, including the benefits businesses gain and the challenges IT teams face when using multicloud.
Recruiting a Scrum Master with the right combination of technical expertise and experience will require a comprehensive screening process. This hiring kit provides a customizable framework your business can use to find, recruit and ultimately hire the right person for the job. This hiring kit from TechRepublic Premium includes a job description, sample interview questions …
Knowing the terminology associated with Web 3.0 is going to be vital to every IT administrator, developer, network engineer, manager and decision maker in business. This quick glossary will introduce and explain concepts and terms vital to understanding Web 3.0 and the technology that drives and supports it.
While the perfect color palette or the most sublime button shading or myriad of other design features play an important role in any product’s success, user interface design is not enough. Customer engagement and retention requires a strategic plan that attempts to measure, quantify and ultimately create a complete satisfying user experience on both an …
IIoT software assists manufacturers and other industrial operations with configuring, managing and monitoring connected devices. A good IoT solution requires capabilities ranging from designing and delivering connected products to collecting and analyzing system data once in the field. Each IIoT use case has its own diverse set of requirements, but there are key capabilities and …

source

Leave a Comment