While tech talents consider multiple factors when deciding which company to join, a better salary package ranks first among the reasons talent hunts for new possibilities (65%).
Top engineering leaders have also shared that one of the sure-est ways to attract top talents is to pay top dollars.
Thus, we compile this guide to help you understand which companies in the market are paying above market salary packages.
While we acknowledge that compensation packages are made up of several components like stocks, we will only be using the base salary for comparison to keep things simple.
Keep in mind that this compilation is not exhaustive! Check out NodeFlair Salaries to explore more salary submissions - verified with payslips and offer letters!
Note: The salary data are weighted averages from multiple verified submissions. Thus, the data might be different from what you see on NodeFlair Salaries due to new submissions by fellow engineers in the community from time to time!
Here's a list of some companies with salaries above the market rate for Junior Software Engineers!
According to our salary report, the median salary for junior software engineers is $4,750.
Circles Life: $5,885 (+23%)
Citibank: $5,958 (+25%)
DBS Bank: $5,240 (+10%)
foodpanda: $6,500 (+37%)
TikTok: $7,250 (+53%)
Shopee: $6,445 (+36%)
JP Morgan Chase & Co.: $6,150 (+29%)
Grab: $5,766 (+21%)
PayPal: $6,566 (+38%)
Visa: $5,500 (+16%)
We also compiled a salary guide that compares the salaries of fresh graduates from local universities for computer science (and related) courses from NUS, NTU, SMU, SIT and SUTD.
Did you know that fresh graduates from NTU Double Degree in Business and Computing earn $8225 at the 75th percentile?
Here's a list of some companies with salaries above the market rate for Mid-level Software Engineers!
According to our salary report, the median salary for mid-level software engineers is $6,500.
PayPal: $7,666 (+18%)
TikTok: $8,300 (+28%)
Carousell: $8,675 (+33%)
Shopee: $7,043 (+8%)
Funding Societies: $8,550 (+32%)
Bytedance: $8,460 (+30%)
Credit Suisse: $9,250 (+42%)
Grab: $7,211 (+11%)
foodpanda: $9,650 (+48%)
BitTitan: $8,200 (+26%)
TikTok | Data Engineer (Intern): $4,100
Salesforce | DevOps Engineer (Intern): $4,000
Credit Suisse | Software Engineer (Junior): $8,200 (+73%)
Shopee | Software Engineer (Junior): $6,900 (+45%)
Citi | DevOps Engineer (Junior): $7,300 (+22%)
Grab | Software Engineer (Mid): $8,100 (+25%)
BlackRock | Software Engineer (Mid): $11,500 (+77%)
Visa | Software Engineer (Senior): $8,300 (+11%)
Endowus | Software Engineer (Senior): $8,000 (+7%)
Zendesk | Solutions Engineer (Senior): $11,700 (+14%)
To ensure the highest data accuracy and legitimacy possible for the community, we use payslips or offer letters as proof to verify the salary submissions.
Our team will vet through to ensure accuracy and publish thereafter if all is in order. In rare instances where there might be inconsistencies, our team will reach out to the user who has submitted for further clarification before publishing any data point.
While this process sounds tedious, it is a commitment we are willing to uptake as we strive for more transparency and fairer salary practices.
Join over 1,200 users in anonymously contributing your salary!
You can also check out our Tech Talent Compensation Report (Singapore 2021 / 2022) with Quest Ventures!