According to the Bureau of Labor Statistics, the workforce in the software industry is expected to grow 15 percent from 2021 to 2031, much faster than the average for all occupations.Annual wages a for software developers is $109,021 in May 2021, well above the median annual salary across all industries. The mentioned growth is due to the increasing demand for computer software and applications across all industries.
In addition, the demand for software engineers is clearly visible in their high salaries. Citing a Glassdoor report, the approx average salary of a software engineer in the United States is $106,697 per year.But, this number can vary depending on factors such as location, industry, and level of experience. For example, in San Francisco, CA we see an average salary of $142,094 per year, and in Atlanta, GA we can expect an average salary of $86,758 per year.
What Are the Best Online Degrees in Software Engineering?
We have mentioned the best online degrees available to pursue as a software engineer, have a look-
- Bachelors and Masters of science in software engineering
As we all know that the demand for Bachelors of science,Masters of Science in Software Engineering is generally high because of the increasing use of technology everywhere including business and our life. Citing the (BLS) reports, employment of software developers may grow 25% from 2021 to 2031.
According to the BLS report, the approx annual wage for software developers was $109,020 in May 2021.But, this can vary significantly based on factors such as location, for example in tech hubs like Silicon Valley it is typically higher than the national average.
Software engineering graduates have a range of career options available to them, which includes software development, software engineering, data analysis, and software architecture. These roles often come with competitive salaries and job stability.
- Bachelors and Masters of science in computer science
The average salary for students with a Bachelor’s degree in computer science is normally based on its title, company, and its location. Citing a Glassdoor report, the approx average salary for Computer Science graduates is around $69,300 per year in the United States.
However, it can range from around $60,000 to more than $125,000 per year, depending on many different factors such as on a specific task and location.
Among individuals with computer science degrees, the average salary levels are higher than those with a Bachelor’s degree. According to PayScale, the average salary for an (MS) in Computer Science is approximately $101,173 per year in the United States.Again, this can vary depending on various factors such as the job title, company, and location………
Students with a degree in computer science can easily pursue various careers in fields like software development, computer systems analysis, information security, database administration, and more.
- Bachelors and Masters of science in information technology
Bachelor of Science in Information Technology (BSIT) , an undergraduate degree program that focuses on preparing students for a variety of available careers in the field of information technology.According to BLS, the approx annual salary for computer and information technology occupations was $91,250 in May 2020.
Master of Science in Information Technology (MSIT) a graduate degree program that focuses mainly on providing students with advanced knowledge and skills in information technology. According to BLS, the approx annual salary for computer and information systems managers ( including IT managers) was $151,150 in May 2020.
Employment in these fields is expected to grow much faster, with a projected growth rate of 15% from 2021 to 2031.
Some of the career paths to be pursued after obtaining a degree are software development, database administration, network and systems administration, cybersecurity, artificial intelligence and machine learning, and cloud computing, much more.
- Bachelors and Masters of science in computer engineering
A Bachelor’s degree in Computer Engineering generally is going to take four years to complete, which covers the fundamentals of computer hardware and software, digital logic, programming, algorithms, and computer networks.
According to the US Bureau of Labor Statistics, the approx annual salary for computer hardware engineers was $128,170 in May 2021, and employment in this field is projected to grow by 5% from 2021 to 2031.
Graduates can pursue various career paths such as software engineering, network engineering, database administration, computer system analysis, and cybersecurity.
- Bachelors and Masters of science in applied computer science
According to reports ,the annual wage offered for computer and information technology occupations was $91,250 in May 2020. The highest paying roles within this field include computer and information research scientists, software developers, and information security analysts, approximately with annual wages of $126,830, $110,140, and $103,590, respectively.
There are many Career options for graduates with a degree in Applied Computer Science which include roles such as software developers, data analysts, computer systems analysts, web developers, network administrators, and cybersecurity analysts.
A Reputed Institute To Pursue
After much analysis for a reputed institute to pursue, one of the top online software engineering programs is being offered by the Georgia Institute of Technology.
According to the 2022 U.S. News & World Report rankings of Best Online Graduate Computer Information Technology Programs, it’s OMSCS program is ranked #1 in the nation, outranking other prestigious universities in the list such as the University of Southern California, Penn State University, and Virginia Tech,and many more are in the list.
Furthermore, the graduation rate is 85%, and alumni have reported an average salary increase by 33% after completing the program, according to their official website.
Conclusion
In conclusion, thinking of pursuing an online software engineering degree is indeed a smart choice for students, willing to learn how to design, develop, and test software applications. With the global increasing demand for technology solutions, software engineering has become a rapidly growing field with many opportunities for job growth and higher salaries.
One software development company to illustrate the demand of software engineering is Microsoft, which has been named among one of the top software companies across the globe. With a market capitalization of over $2 trillion, Microsoft becomes the leader in the industry and offers a range of software engineering roles to professionals. According to Glassdoor, the average salary for a software engineer at Microsoft is around $127,000 per year.
Ultimately, an online software engineering degree from an institution that is recognised becomes a wise investment for an individual’s career.
