Have you ever wondered how much will you be paid after earning a master’s degree in the U.S.?
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Salary after M.S.
Every student usually has big dreams of earning big greens after studying in the U.S. So let’s answer the question, how much do software companies actually pay.
I’m assuming that you are an entry level student with a bachelor’s and master’s degree/s with no work experience. If you get employed, your salary range will be from $45,000 to $80,000 per year.
Why is the range like that?
In the U.S., salary depends on many factors like location (state, city), company size, candidates’ level of expertise, job market, to name a few.
Someone who is getting paid $50,000 in Texas for a software or electrical engineering entry level job will get around $58,000 in North Carolina and $70,000 in New York.
An obvious reason for the substantial gap is that the cost of living in big cities is higher. One must pay more the day to day life activities.
Your travel costs will be higher, car fuel will be more expensive, you will pay higher income tax, and so on.
How much do Google and Facebook Pay?
I was surprised to learn that Google pays $95,000 per year and Facebook pays $92,000 per year. But how many do they hire?
They only employ a small number of personnel versus the number of resumés they receive.
How much can you save?
If you are single, sharing a room with one another friend, and if you make $4,000 per month, then you can save from $800 to $1,500 per month, depending of your life style.
A 2 bed/2 bath apartment’s rent varies from $600 to $1,500 per month. That’s where your chunk of money will go. Then your expenses for food, car monthly payments, and so on.