⚡ Get All Content for 20% Off ⚡

Need a Software Engineer? Here's How Much You Can Expect to Pay. (Infographic) Consider this your salary guide for computer wizards.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

In the online-everything-all-the-time world we live in, if you are going to launch a business, chances are you are going to have to have a website and a mobile app, too.

If you aren't an engineer yourself, that means hiring one. How much does that cost? It depends on a lot of factors, from technical skill to years of experience to size of firm to what country you live in. And, then, when will you need to give your software engineer a raise?

Related: Insider Tips On When, Where and How to Get an Investor's Attention (Infographic)

Startup organization Funders and Founders teamed up with the data collection and analysis firm Startup Compass to generate a salary guide, based on pay scales in 2014, and turned into a visual guidebook which we've embedded below. Have a look.

In general, staff engineers earn more than freelance engineers, taken as a whole, and hiring an engineer in another country is the most inexpensive option. For example, an engineer hired remotely from India can command about $22,000. That's a tiny fraction of what it will cost you to have a full-time engineer on staff at your startup in the U.S., who will be paid more than six figures annually.

Related: The 100 U.S. Cities Where Businesses Received the Most VC Funding

In addition to serving as a guide for tech-hungry entrepreneurs, this infographic can serve as a resource for software engineers who are looking to strategically up their skillset and make more money. Funders and Founders and Startup Compass used data from a survey of tech talent they conducted in October of 2014 in addition to data from employment companies including oDesk, Elance, Glassdoor, Angellist and Payscale.

Click to Enlarge

Need a Software Engineer? Here's How Much You Can Expect to Pay. (Infographic)

Related: Want to Be a Web Developer? Here's Where the Best Opportunities Are. (Infographic)
Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Business News

Tesla Paid No Federal Income Taxes Over 5 Years, While Paying Top Execs $2.5 Billion, According to a New Report

Between 2018 and 2022, more than 30 companies paid its top five executives more than they paid in federal income taxes.

Money & Finance

How Stock Market Fluctuations Really Impact Your Business (and How to Thrive Amidst Volatility)

The impact of stock market fluctuations is complex and far-reaching. It doesn't just affect individual investors; its ripple effect impacts businesses everywhere. Here's how.