When considering a career path to pursue it is always a good idea to get information regarding the duties and salary related to that career. A career as a software development manager can be satisfying and monetarily rewarding. A software development manager salary can vary depending on the location of the company, the educational background of the person, the years of professional experience, and current economic conditions.
According to the United States Bureau of Labor Statistics the median salary for experienced software development mangers is approximately $118,000 per year. An entry level software development manager with less than one year of experience can expect an annual salary between $60,000 and $80,000. Professionals with one to four years of experience can expect to make $80,000 to $100,000 annually. The salary rises only slightly to a range of $85,000 to $110,000 for five to nine years of professional experience. Managers with ten to nineteen years of experience make $100,000 to $130,000 per year. Any software development manager with over twenty years of professional experience can expect between $110,000 and $140,000 in compensation per year.
These salaries will vary depending on the economic conditions during the time of employment. During an economic recession it is likely that the salaries may be towards the lower end of the salary range due to lack of work or lack of need for the position. However, times of economic prosperity bring more work as well as better paying work and consequently, the demand for an experienced software development manager is higher. During these times, a software development manager can expect to be paid a salary that is on the higher end of the normal pay ranges.
Software development managers work for all different type of employers throughout the United States. However, some of the top paying states for software development managers include New York, New Jersey, California, Virginia and Washington State. Less technologically advanced areas tend to pay less as there is less demand for the job.
The salary of a software development manager may be affected by the educational background that he or she has. A bachelor’s degree in a computer related field is the minimum requirement and most software development managers have a master’s degree in a specific subject area or in project management. In this field, the more education the person has received, the better the pay will be.
Performance can also affect a software development manager’s salary. Software development managers must provide direction by creating plans, monitoring progress and completing one or more projects at a time. It is necessary that the person is confident, assertive, extroverted, flexible and able to delegate tasks to subordinates. The software development manager must oversee the work of others, facilitate communication and balance the desires of marketing experts, software engineers and financial managers.
A software development manager’s salary may increase if there is a promotion. Experienced software development managers commonly are promoted to positions such as chief informational officer or chief technological officer with a company and receive a higher rate of pay.