Software Developers and Programmers Salary in Sector of Finance and Insurance

The salary statistics of software developers and programmers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare software developers and programmers salaries in different industries within the finance and insurance sector.

Average Annual Salary of Software Developers and Programmers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$62,300
25th Percentile Wage
$80,330
50th Percentile Wage
$101,960
75th Percentile Wage
$126,340
90th Percentile Wage
$154,760

Table 1 shows the average annual salary for software developers and programmers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) software developers and programmers is $154,760. The median annual salary (50th percentile) is $101,960. The average annual salary for the bottom 10 percent paid software developers and programmers is $62,300.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of software developers and programmers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$101,960
2.74% 11.86%
2016
$99,170
2.56% -
2015
$96,630
2.64% -
2014
$94,080
2.56% -
2013
$91,670
1.96% -
2012
$89,870
- -

Compare Software Developers and Programmers Salary in Different Industries within the Finance and Insurance Sector

The average salaries of software developers and programmers in 22 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for software developers and programmers occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $117,520. The lowest paying industry is the insurance agencies and brokerages industry (annual salary $91,030). For detailed software developers and programmers salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$117,520
Other Investment Pools and Funds
$117,340
Monetary Authorities-Central Bank
$117,190
Monetary Authorities-Central Bank
$117,190
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$116,420
Securities and Commodity Exchanges
$115,620
Other Financial Investment Activities
$111,270
Funds, Trusts, and Other Financial Vehicles
$110,680
Nondepository Credit Intermediation
$107,520
Insurance and Employee Benefit Funds
$107,100
Credit Intermediation and Related Activities
$106,450
Credit Intermediation and Related Activities
$106,040
Other Nondepository Credit Intermediation
$102,460
Depository Credit Intermediation
$102,080
Activities Related to Credit Intermediation
$98,600
Insurance Carriers
$94,060
Insurance Carriers and Related Activities
$93,700
Other Insurance Related Activities
$93,390
Agencies, Brokerages, and Other Insurance Related Activities
$92,480
Direct Health and Medical Insurance Carriers
$92,340
Direct Insurance (except Life, Health, and Medical) Carriers
$91,790
Insurance Agencies and Brokerages
$91,030

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




Related:

Highest paying industries for software developers and programmers.