EDIT: I must say, this is also the same for big companies like IBM Japan, SAP, etc.
EDIT: I must say, this is also the same for big companies like IBM Japan, SAP, etc.
Those numbers are for a programmer in/near big cities (Boston, Silicon Valley, NY, etc). Revise them down ~10% for more rural/suburban areas (but it's harder to find work beyond code-monkey level at all in many of those places). And all this is based on my anecdotal experience, so figure there is likely some selection bias.
In my experience, between federal and state income taxes, FICA, and sales tax you'll lose ~50% of your of your income to the government. And we have to save for our own retirement (we expect nothing from social security) and our kids' college education (currently ~15k-30K/year tuition).
How are your taxes/retirement/etc in Japan?
http://swz.salary.com/salarywizard/layouthtmls/swzl_compresu...
There's no way that an "average" starting salary is 70k. Salary.com is famously inflationary and they have the median at 54K--and that's not just fresh grads. My guess would be more like 40K, with huge variations depending on where you live and whether you went to a well-known school. But then, "average" people don't go to well-known schools for the most part.
Second, my numbers aren't pulled out of nowhere they are based on my friends and my experience. And they seem to be independently corroborated by litewulf.
Third, note that my poor/average/good ratings weren't based on quintiles or anything like that - it was based on my personal characterization of skill/pedigree (pedigree being a combination of experience, personal projects, and school - in about that order). I incidentally think that about 90% of programmers are crap (sturgeon's law), so it's likely that the median salary is ~60K with everything I said being true.
I would say your numbers seem about right, though with the caveat that CS graduates can end up doing all sorts of things from IT-gruntwork-level tasks to rank and file software engineers, all the way to, yes, quants who are offered lots and lots of money.
In my experience (I'm still in univ. but got some offers from companies), we will get base salary: $2k ~ 2.5k/month after taxes etc, plus apartment(simple one) and transport fee. The yearly bonus is 5 times of base salary, but usually we get only 4 times. This is from fairly big Japanese company, slightly lower than SONY or HONDA. The job being talked is core software development at company's main business. Too bad we don't have 401k plan like in other countries.
I went to Deutsche Bank last year, and it's alot different. We'll get $64k/year after tax, almost no yearly bonus and small allowance for apartment. The job being talked is the usual software development for desktop products.
also, it seems like a large % of cs graduates are unable to get jobs in programming due to lack of experience
Just my curiosity, did you find this cheap after reading my other comment too: http://news.ycombinator.com/item?id=385479 ? And btw, by CS graduate I meant B.Eng. or B.Sc. not M.Eng or M.Sc.
So, Is it save to assume that entry level programmer will get above $50k/year in US?
All four of my friends who just graduated in CS are getting g about the same (55k-65k) in various markets at big companes.
for CS grad student, the base salary is only $200/month different from undergrad (without calculating the yearly bonus).