We analyzed thousands of salary bands and resources to build these software engineer compensation ranges/bands and dev salaries.
We surveyed our portfolio companies, utilized historical dat, scanned public (but typically paywalled) data sources, and BWBacon‘s full role roster to come up with the mid-level, senior and expert salary ranges per engineering position.
Making an educated decision on what to offer developers for annual compensation is an often complex process involving a host of resources. However, most comp resources are not locally indicative of market rates, are absent of national trends and provide wide-ranging figures. Use our guide for compensation ranges for mid-level, senior-level and expert roles.
Hiring a developer or accepting an offer? Check out the guide and see if you’re in range. In the developer salary guide, we also provide an overview of the trends – like remote work and cost-of-living adjustments – and statistics to help you get a grasp of the hiring landscape.
Looking for a new engineering role in Colorado? Check out open jobs at our portfolio.
Denver tech salaries rose on average 9%, 2x as much as the national average
Before the pandemic, software engineer salaries rose in every major market with a US market average of $146,000, and a global average of $130,000. As experts continue to monitor the economic disruption from the pandemic, salaries for 2021 effectively reflect those of 2020 and 2019, with slight changes. Denver ranked only behind Austin and Toronto for tech salary growth last year, and is still growing and becoming a mainstay for satellite office locations.
In order to swing the pendulum towards success in making your offer, it is crucial to offer a balance of salary, benefits, equity, bonus, and options for flexible scheduling. Bonuses are not commonplace with every role, but can be advantageous in attracting talent for lead roles.
Software engineer salary trend: Despite the rise of remote work, close proximity is still a key factor
Moving forward, it’s no surprise that hiring remote talent has spiked. However, for leadership roles and key positions, we find most employees still seek proximity to their home state or to live in a commutable distance to their teams and headquarters.
Software engineer salary trend: Balanced offers and a streamline interview process matter.
In order to swing the pendulum towards success in making your offer, it is crucial to offer a balance of salary, benefits, equity, bonus, and options for flexible scheduling. Bonuses are not commonplace with every role, but can be advantageous in attracting talent for lead roles. The more detail, the better.
Software engineer salary trend: The mission and industry matters.
Besides salary, the highest influencing factors are: company leadership, vision, culture, the product,
and its value to the user base. To land your ideal candidate, emphasize your organization’s values
and vision through the product or services that they will be building.
