According to Levels.fyi, a company that compiles data on salaries and bonuses for tech workers, engineers at surveyed companies received an average of $308,000 last year, up 2 percent from 301,000. dollars received in 2022.
The study also finds that OpenAI pays the highest salary of $925,000 per year for L5 engineers, which is near the top of its ranking scale. Salary includes base salary, stock and bonuses.
This was 50% higher than salaries at second-ranked Coupang ($600,000) and Clubhouse ($566,000).
The 16 highest-paying companies for expert-level software engineers were primarily in the finance or fintech industry, such as Coinbase, Stripe, and Hudson River Trading.
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American companies that pay the highest salaries to software engineers. Photo by Levels.fyi |
Tech giants such as Meta, Google and Apple are no longer in the top 10.
But in terms of salaries for software engineers at the highest level (senior engineer and above), Facebook was the leader, paying more than $1.4 million.
Google paid $1.25 million and LinkedIn paid $1.08 million.
According to Dice, a leading career marketplace for the US tech industry, the fact that OpenAI engineers have high incomes is no surprise since the company created ChatGPT and is an important partner of Microsoft.
Its payroll is less than 1,000 people, while big tech companies have tens of thousands or even hundreds of thousands of people.
Jobs at OpenAI require highly specialized skills and so workers would demand more of them, he said, noting that high salaries also provide insurance against its experts being lured away by competitors like Google.
The highest paying jobs in this field are management positions (CEO, CIO, CTO) and those for people who implement large projects, such as solution architects, analysts, and principal engineers.
But the survey also reveals that 35% of professionals in the sector were dissatisfied with their salary in 2023, compared to 30% in 2022.
In Singapore, the highest paying companies are Coinbase ($248,000), Facebook ($182,000) and Apple ($159,000).
