Amazon Senior Software Engineer Salary – The highest salary for a junior computer engineer is S$4,750; S$6,500 and S$7,500 respectively for mid-level and senior computer engineers and S$9,000 for leadership levels.
Over the past twelve months, the average salary of computer engineers in Singapore has reached an all-time high after increasing by 32%, said the latest Technology Professional Salary Report 2021 /2022.
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For example, a report published today (Monday, 14 February 2022) by Nodeflare and Quest Ventures found that the average salary for a junior computer engineer is S$4,750. S$6,500 and S$7,500 respectively for mid-level and senior computer engineers and S$9,000 for leadership levels.
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Percentile, the base salary is three times higher than the 10th
The percentage increased to $7,500; Mid-level and master software engineers can command S$9,500 and S$11,500, respectively, and a senior software engineer can command S$15,950.
According to the report, this increase in tech costs “is unlikely to slow down anytime soon,” as more talent seeks new opportunities and the issue of salary cap increases.
In addition to the above, the report revealed the 15 most sought-after companies for tech talent in Singapore and analyzed how well these companies pay computer engineers compared to market rate.
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According to the report, nine out of 15 (60%) of these companies paid talent 25% more than or equal to the market average. Overall, most are 12% above or equal to the market median.
Note: To facilitate regional comparison, price data is in SGD using the exchange rate of 1DR = 0.0000947716 SGD (31st Dec, Xe.com) provided by NodeFlair and Quest Ventures.
The cost data for the report comes from NodeFlair’s proprietary database of over 30,000 data points from companies of all sizes and industries. It includes documents (payslips and letters of recommendation) verified submissions by users and various job advertisements from various 2021 job portals.
Currently, salary data for India and Indonesia is based on more than 5,300 data points from companies of all sizes and industries.
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Names and seniority may vary between companies. For example, small firms may award the title of chief software engineer to an engineer with three years of experience, but an established company may award the same title to someone with more than eight years of experience.
Junior: Generally minimum to two years experience. Most are fresh graduates or engineers in their first job.
Average: Two to five years of experience. Ability to mentor juniors and lead small projects from end to end.
Seniority: Ideally you have five+ years of experience. Expect more responsibility to design, rather than maintain and implement complex technical projects.
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CEO: Gain in-depth work experience and answer directly to their company’s top executives. The titles are “Chief Engineer” and “Staff Engineer”.
Leadership: Key responsibilities include leading a small team in technical areas. Sometimes it involves human control, but rarely. Titles include “Technical Lead” and “Team Leader”.
Manager: Be well versed in the market and new technologies. Key responsibilities include providing innovation and technical direction to the company. Titles include “CTO”, “Director of Engineering”, “V.P./President of Engineering (except for some banking and government institutions)”, “Head of Engineering” etc.
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We break down the big and small topics of the day as we inform you about the most important developments in human resource development in Asia – for free. Question Product Manager at Kickstart | Formerly Microsoft | IIT Hyderabad | ML/Data Science enthusiast. Collaborate with industry experts to help career professionals successfully prepare and ace interviews at FAANG+ and leading technology companies.
FAANG (Facebook, Amazon, Apple, Netflix, Google) and Tier 1 technology companies are famous for paying high prices to software engineers.
But what are these companies worth? How much do technical salaries vary across levels and companies? How does it compare to the US national average? What FAANG companies are worth the most? How does one get this reward?
If you are interested, we will answer all these questions in this article. Here’s what we’ll cover:
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Before going into the details, let’s understand the different price points. The compensation structure at FAANG and Tier-1 companies has three main components:
The figure below shows a company-by-company comparison of prices for entry-level desktop computers. Let’s look at the difference between Google, Facebook, Apple, Amazon and Tier-1 companies like Oracle, Microsoft and Tier-2 companies like Cisco and IBM. The salary numbers shown below include salary, stock, and bonus.
As you can see, prices are similar across FAANG and Tier-1 companies for entry-level positions, but lower for Tier-2 companies. For example, the median salary at Oracle and Apple is the same — $176,000 and $172,000, respectively. But if you compare the salary at Google (Tier 1) to IBM (Tier 2), the difference is huge – $188,000 vs $98,000.
Although visible in entry-level positions, the pay gap between FAANG and non-FAANG companies begins as we move up the ladder on the levels.
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Here we can see that the average salary for a senior computer engineer at Facebook ($380,000) is more than twice that of Microsoft ($182,000).
At senior levels, we see a big difference even between FAANG and Tier-1 companies like Microsoft and Oracle.
The difference in pay scales between FAANG companies and non-FAANG companies continues to increase at each level. For example, Microsoft’s chief engineer (at the top of the group) makes $500,000, while Google makes $1.2 million – about 140% more for the same position.
To break things down, here are the average annual salaries of computer engineers at various levels working at Google, Facebook, Apple, Amazon, and Microsoft.
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Prices in FAANG companies increase with increasing seniority or rank. Read 10 Highest Paying Engineering Jobs in FAANG Companies to learn more about the highest paying positions and companies for software engineers.
Also, read the tech jobs and skills that pay the most in 2022 to learn about the hottest areas of tech to earn a salary.
Google and Facebook are the two companies that pay the highest average salaries for computer engineers in the US. Even at senior levels there is little difference between the two.
For example, Microsoft, which is currently investing heavily in gaming, pays more to game developers than other companies. Also, the prices that Oracle offers for engineers with cloud computing skills are not comparable, and in some cases higher, than the prices offered by Google and Facebook for similar skills.
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Not all companies work on the same technology. So the salary depends on the kind of skills the company needs and how competitive it wants to be.
According to the US Bureau of Labor Statistics, the median salary for software developers, software quality assurance analysts, and testers in 2019 was $111,620. The 90th percentile’s salary is $164,590.
At $181,000 and $188,000, respectively, Google and Facebook offer entry fees above 90 percent of wages across the US.
We confirmed that FAANG companies such as Facebook, Apple, Amazon and Google are the most valuable companies in computer science. But why pay so much?
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Twenty years ago, there was a huge difference between what big companies paid for computer experts and what they paid less.
Large companies such as GE and Boeing are known for providing job security to employees. Despite the bureaucracy and the slow pace of innovation, most people joined these companies with the intention of working there until retirement.
Smaller companies offered new jobs, faster job growth, and the ability to create wealth for early retirement. However, the downside is that the existence of these companies is uncertain, so there is not much job security. Startups are always a risky proposition.
In the US, it is difficult to buy a house, even if you are an employee of a large company. Most homeowners put up to 50% of their mortgage payments down. From a financial point of view, small companies have become more attractive offering business growth and higher income.
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As a result, large companies began to lose top talent to smaller companies. To level the playing field, large companies force their platforms to grow faster than the market and produce inconsistent results. However, this is not possible without the right skills. Large companies offered higher wages to stay competitive and attract talent. It was successful, a strategy that is still used today.
With the right talent, large companies can innovate and grow as quickly as smaller companies. Rapid growth and innovation led to better products and higher profits, allowing large companies to maintain competitive cost balances.
Tech firms offered ESOPs (employee stock options) to increase employee ownership. It served as a great reward for popular technical skills. However, technology companies’ salaries have grown rapidly, as the real estate sector is the fastest growing.
High tech stocks have achieved 20% CAGR over the past decade, which is good
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