Summary
This report provides a comprehensive analysis of software engineer salaries in the United States for the year 2024. It outlines the current salary trends, noting a recent decline of 9% to 15% due to various market factors such as overhiring and the rise of AI. The report utilizes data from the U.S. Bureau of Labor Statistics, detailing the average salaries for different roles within the software engineering field. It highlights the median salaries for positions including software engineers, security engineers, hardware engineers, DevOps engineers, data engineers, and machine learning engineers. Additionally, the report discusses the impact of technological advancements and the demand for specialized skills in emerging technologies. It aims to assist HR and engineering leaders in understanding the competitive landscape of software engineering salaries, enabling them to make informed compensation decisions. The methodology section explains the data sources used, including Pave and Karat, to provide a nuanced view of salary variations across different geographic locations.
