Pay Gap for Software Engineer Has Gone Up By 20 Percent In Three Years Source Associated Press article Pay for software engineers in the United States has gone up 20 percent in the past three years, according to a new survey by the software engineering industry.
The median hourly wage for software developers in the U.S. rose from $20.50 in 2016 to $24.55 in 2017, according the study by McKinsey & Co.
The increase in salary was driven by higher demand for software engineering positions as the number of computer software projects and software upgrades have increased by more than 70 percent.
The company also found that the average employee was making $38,000 per year in 2017.
The number of software engineers also rose, from 12,828 to 13,068.
The average salary rose from about $31,000 to $35,000.
In the past year, the median age of the software engineer workforce has also risen from 27.3 years to 28.7 years, the company found.
The median salary rose by about 10 percent to about $39,000, it said.
The company also reported that the share of software engineering graduates has also increased from 17 percent in 2016, to 17.2 percent in 2017 to 19.1 percent in 2018.