Software engineer salary

[adriangohjw]

"Senior software engineers in demand amid Singapore's startup funding boom: report
" by Business Times


- THE talent war for software engineers has intensified in Singapore, with over 78 per cent of job listings last year seeking experienced hires. Salaries are also robust, with those in lead roles commanding as much as S$15,950 monthly.

- As a result, remuneration is on the rise. Salaries for software engineers rose 22 per cent through 2021, the report said, albeit without a breakdown of figures. For lead software engineers, the increase was as much as 32 per cent.

- Junior software engineers commanded a median monthly base pay of S$4,750 last year, according to NodeFlair's data. The figures for mid-level and senior software engineers stood at S$6,500 and S$7,500 respectively.

- Lead software engineers saw a median salary of S$9,000, while those at the 90th percentile commanded as much as S$15,950 (see chart).
-

[adriangohjw]

Link to the full report https://nodeflair.com/salaries/report-2022

Originally Posted by adriangohjw

[URL="s://.businesstimes.com.sg/garage/senior-software-engineers-in-demand-amid-singapores-startup-funding-boom-report"]"Senior software engineers in demand amid Singapore's startup funding boom: report
" by Business Times
[/

- THE talent war for software engineers has intensified in Singapore, with over 78 per cent of job listings last year seeking experienced hires. Salaries are also robust, with those in lead roles commanding as much as S$15,950 monthly.

- As a result, remuneration is on the rise. Salaries for software engineers rose 22 per cent through 2021, the report said, albeit without a breakdown of figures. For lead software engineers, the increase was as much as 32 per cent.

- Junior software engineers commanded a median monthly base pay of S$4,750 last year, according to NodeFlair's data. The figures for mid-level and senior software engineers stood at S$6,500 and S$7,500 respectively.

- Lead software engineers saw a median salary of S$9,000, while those at the 90th percentile commanded as much as S$15,950 (see chart).
-

Yes, good time to looks for new job if you have the right skills!

Software engineer
Junior: S$3,000-S$7,500
Mid-level: S$4,250-S$9,500
Senior-level: S$5,250-S$11,500
Lead: S$6,500-S$15,950
Principal: S$6,700-S$17,000
Manager: S$7,000-S$21,000


Quality assurance
Junior: S$2,550-S$6,000
Mid-level: S$3,250-S$8,735
Senior-level: S$4,250-S$10,500
Lead: S$5,250-S$15,000


DevOp
Junior: S$4,000-S$8,500
Mid-level: S$5,500-S$10,500
Senior-level: S$6,250-S$11,666


Cybersecurity engineer
Junior: S$3,000-S$6,000
Mid-level: S$4,250-S$9,000
Senior-level: S$4,750-S$15,500

just wondering,

1. 4.5k base, 14k vested stocks every year for 3 years. ( Every Dec get 14k SGD worth of stocks )

2. 5.2k base, 0 stocks.

which is better and why?

personally I feel option 2 is better even tho TC is lower than option 1. option 2 will yield higher pay raises due to higher base. After every salary inc or promo, base salary will rise faster than option 1.

what do u guys think? am i wrong in this ?

Originally Posted by Unregistered

just wondering,

1. 4.5k base, 14k vested stocks every year for 3 years. ( Every Dec get 14k SGD worth of stocks )

2. 5.2k base, 0 stocks.

which is better and why?

personally I feel option 2 is better even tho TC is lower than option 1. option 2 will yield higher pay raises due to higher base. After every salary inc or promo, base salary will rise faster than option 1.

what do u guys think? am i wrong in this ?

what role? yoe? current pay?

[adriangohjw]

I think depends!

Stocks value might rise and drop, so there's an element of uncertainty. For example, if you have stocks working at Meta or Paypal or SEA for the past few months, you prob see a drop in 20-50% of your TC over the past few months.

Also depends if its stocks or stock options. If its options in a startup, then theres also a liquidation aspect to consider

Originally Posted by adriangohjw

I think depends!

Stocks value might rise and drop, so there's an element of uncertainty. For example, if you have stocks working at Meta or Paypal or SEA for the past few months, you prob see a drop in 20-50% of your TC over the past few months.

Also depends if its stocks or stock options. If its options in a startup, then theres also a liquidation aspect to consider

oh crap you're right, i forgot about the stock price going up or down..

its RSU stocks, the company says they'll give me 14k sgd worth of it every year for 3 years.

but lets say if i want job hop next time, how ? do i only do it after stock vests or quickly bail 9+ months before vest ?

i feel like this RSU stock nonsense is like a dirty way to keep employees lol

[adriangohjw]

Originally Posted by Unregistered

oh crap you're right, i forgot about the stock price going up or down..

its RSU stocks, the company says they'll give me 14k sgd worth of it every year for 3 years.

but lets say if i want job hop next time, how ? do i only do it after stock vests or quickly bail 9+ months before vest ?

i feel like this RSU stock nonsense is like a dirty way to keep employees lol

Not too sure about the job hop portion cos every company has their own vesting schedule. For examples, most tech companies do 4 years with 1 year cliff, so you might not even get any ESOP/RSU if you leave in 9 months

"dirty way to keep employees" -> but same can be said about AWS and annual/performance bonus mah haha as long as both parties willing, why not?

I think its not really a scam but more of a risk/uncertainty thing. For example, if you join SEA at their IPO days, your stocks value increase by 30x (i think?) but if you join 3 months ago, it would drop by 50%

Originally Posted by adriangohjw

Not too sure about the job hop portion cos every company has their own vesting schedule. For examples, most tech companies do 4 years with 1 year cliff, so you might not even get any ESOP/RSU if you leave in 9 months

"dirty way to keep employees" -> but same can be said about AWS and annual/performance bonus mah haha as long as both parties willing, why not?

I think its not really a scam but more of a risk/uncertainty thing. For example, if you join SEA at their IPO days, your stocks value increase by 30x (i think?) but if you join 3 months ago, it would drop by 50%

yea I guess I'm just scared of the uncertainty lol : (

Anyway thanks so much for the info!!

Originally Posted by Unregistered

Yes, good time to looks for new job if you have the right skills!

Software engineer
Junior: S$3,000-S$7,500
Mid-level: S$4,250-S$9,500
Senior-level: S$5,250-S$11,500
Lead: S$6,500-S$15,950
Principal: S$6,700-S$17,000
Manager: S$7,000-S$21,000


Quality assurance
Junior: S$2,550-S$6,000
Mid-level: S$3,250-S$8,735
Senior-level: S$4,250-S$10,500
Lead: S$5,250-S$15,000


DevOp
Junior: S$4,000-S$8,500
Mid-level: S$5,500-S$10,500
Senior-level: S$6,250-S$11,666


Cybersecurity engineer
Junior: S$3,000-S$6,000
Mid-level: S$4,250-S$9,000
Senior-level: S$4,750-S$15,500

That's it? For a job that requires constant upkeep, that's all its paying?