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In this Monday, Feb. 1, 2016 photo, from the left, Andy Trattner, of Portland, Ore., Linda Jing, of San Gabriel, Calif., and Nikhil Buduma, of San Francisco, Calif., use their computers to work on an anonymous texting site they created called “Lean On Me,” on the Massachusetts Institute of Technology campus, in Cambridge, Mass. The texting site is among a wave of new student projects aimed to defuse to the stress of campus life before it leads to a crisis. There were several campus suicides last year. MIT officials recently set aside thousands of dollars for grants to help support campus projects dealing with mental health. (AP Photo/Steven Senne)
AP Photo/Steven Senne
A comfortable existence.
ON THE MONEY

These are the salary expectations of students who know how to code

By Alice Truong

Deputy editor

Students seeking a full-time software job or internship are quite optimistic about their salary expectations, according to a new survey released today (May 18) by Devpost, which polled 1,700 US students this spring at hack events it organized on college campuses. The report found that the majority of students expect starting salaries of at least $70,000.

Devpost’s report also found that more than 90% of respondents said receiving equity as part of their compensation was somewhat or very important to them.

The students may find themselves somewhat disappointed. Their expectations far surpass the $50,561 starting salary for the class of 2015, according to data from the National Association of Colleges and Employers, and it’s also higher than what computer and information sciences majors who graduated last year earned, an average of $65,849.

Survey respondents also anticipate their salaries will rise by $20,000 to $30,000 after five years on the job market—even as annual raises have become a thing of the past for many Americans. But their upbeat expectations do reflect one reality, says Devpost CEO Brandon Kessler: the surging demand for students with coding chops. “Wages for software developers are in fact dramatically going up, given the very real shortage of developers and the competition among companies,” he says.

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