By learning to code and becoming a Software Engineer you have a strong likelihood of earning a six figure salary. Software Engineers are in such a strong demand as the economy becomes more and more digitalised. Tech companies are distrupting traditional engineers and badly need more Software Engineers.
Especially in the US, there is a lot of money going into the tech industry from investors, eager to get outsized returns by putting their money into startups and beating low interest rates. So the highest Software Engineer salaries are in the US, particularly in San Francisco and the surrounding Bay Area.
How Much Is 6 Figures a Year?
A six figure salary simply means a salary of between 100,000 and 999,999, in whichever currency you prefer. So $100,000 and $900,000 are both six figure salaries simply because there are six digits.
How Much Is 6 Figures a Month?
If you earned $100,000, the minimum 6 figure salary possible, you would make $8,333.33 a month before taxes. So anyone who has a 6 figure salary makes $8,333.33 gross as a minimum.
Do You Need A Computer Science (CS) Degree to be a Software Engineer?
No! The good news is that nowadays you can get a job as a Software Engineer without the traditional 4 year Computer Science degree. Lots of developers are learning to code with online courses or going to coding bootcamps.
Kenneth Cassel earned six figures as a Software Engineer in Texas just three years after quitting college. Kenneth has since got venture capital funding after attending the prestigous Y Combinator accelerator.
Johannes Kettmann is a self-taught React developer who makes six figures as a Software Engineer contractor and only actually works seven months of the year! The rest of the time he can spend with his young family.
Pat Walls learned to code at a bootcamp and makes upwards of $600,000 annually from his Starter Story website that he coded from scratch in Ruby on Rails.