Software Engineering is a very well paid career field. It's definitely possible to make $200k as a Software Engineer. Salaries are very high, especially in the US, because venture capital puts so much money into startups.
Investors are eager to find the next unicorn e.g. a company worth more than $1bn. So tech companies have a lot of money to spend on Software Engineers. As companies funded by VCs want to grow at all costs, this money there is a lot of money to spend on hiring.
Where do Software Engineers make over $200k?
You're most likely to be paid a salary of over $200,000 at one of the FAANG companies (Facebook/Meta, Apple, Amazon, Netflix or Google). For example, a Senior Software Engineer at Google earns around $350,000.
This also applies to the top tech companies: for instance, a Senior Software Engineer at Uber can make at least $405,000
Mariano 84x his old salary in Argentina by learning to code. He now earns over $200k as a Software Engineer working for PayPal.
Is $200k a good salary in NYC?
$200k is more than double the average New York City salary of $82,000. The median salary is $123,000 i.e. this is the mid point of salaries in New York City. So it's safe to say that $200k is a very good salary in NYC.
$200k salary after taxes in NYC
According to the website Talent, you will make $134,290 a year after taxes in New York City on a $200k salary.
Is $200k a good salary in California?
On a $200k salary you can expect to earn approximately $129,650 after taxes according to the Talent website.
$200k salary after taxes in California
Jobs with a $200k salary
Some jobs in tech that pay over $200,000 include:
- Software Engineers
- Chief Technology Officers
- Data Analysts
- Cyber Security Analysts
Do you need a college degree to get a Software Engineer job?
No! I've interviewed over 150 developers who learned to code at coding bootcamps or taught themselves.