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
$60,360
25th Percentile Wage
$78,070
50th Percentile Wage
$99,170
75th Percentile Wage
$123,170
90th Percentile Wage
$150,370

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 $150,370. The median annual salary (50th percentile) is $99,170. The average annual salary for the bottom 10 percent paid software developers and programmers is $60,360.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of software developers and programmers in the industry sector of finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201699,1702.56%9.38%
201596,6302.64%-
201494,0802.56%-
201391,6701.96%-
201289,870--

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

The average salaries of software developers and programmers in 20 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 $89,000). 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
Securities and Commodity Exchanges
$115,620
Monetary Authorities-Central Bank
$114,520
Monetary Authorities-Central Bank
$114,520
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$114,290
Other Financial Investment Activities
$111,270
Other Investment Pools and Funds
$108,640
Nondepository Credit Intermediation
$103,390
Funds, Trusts, and Other Financial Vehicles
$103,040
Depository Credit Intermediation
$102,080
Credit Intermediation and Related Activities
$101,660
Other Nondepository Credit Intermediation
$99,720
Insurance and Employee Benefit Funds
$99,650
Activities Related to Credit Intermediation
$98,600
Insurance Carriers
$92,050
Insurance Carriers and Related Activities
$91,610
Direct Insurance (except Life, Health, and Medical) Carriers
$90,910
Other Insurance Related Activities
$90,380
Agencies, Brokerages, and Other Insurance Related Activities
$89,880
Insurance Agencies and Brokerages
$89,000

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].




Related:

Highest paying industries for software developers and programmers.