Fidelity investments is one of the largest financial services companies in the world, with a significant presence in California. As a leading employer in the state, Fidelity’s compensation packages for software engineers in California generate substantial interest. This article provides an in-depth look at key details around Fidelity software engineer salaries in California, including pay ranges, factors impacting compensation, and comparisons to industry averages. With tens of billions in assets under management and operations spanning asset management, brokerage, and administrative services, Fidelity offers software engineers ample opportunities to grow their careers while earning highly competitive tech salaries in California’s thriving job market.
Software Engineer Salary Ranges at Fidelity in California
According to self-reported salary data on Glassdoor, the average base pay for a Software Engineer at Fidelity investments in California is $108,763 per year. With bonuses and other compensation factored in, total pay can reach $143,000 annually on average.
Salaries vary based on specific role and experience level. Entry-level Software Engineers can expect to earn $95,000 or more at Fidelity in California, while more seasoned engineers make upwards of $130,000 in base salary. Staff-level engineers and Engineering Managers earn $150,000 or higher. Equity compensation in the form of stock options or grants provides further upside.
Key Factors Impacting Fidelity Software Engineer Salaries in California
Several key factors impact compensation packages for Fidelity software engineers in California, including:
– Experience level: More years of relevant experience drive higher salaries, with senior engineers earning 25-50% more than entry-level.
– Role type: Specialized engineering roles like Machine Learning Engineer or Mobile Engineer command higher pay than general Software Engineer titles. Management roles earn more than individual contributors.
– Education background: Engineers with prestigious degrees tend to earn more. A Masters degree boosts pay.
– Firm performance: Salaries increase when Fidelity performs well, as bonus pools expand.
– Location: Software engineers earn marginally higher salaries working in San Francisco and other large metro areas versus smaller cities.
– Skills & certifications: Proficiency in high-demand skills like cloud, security, design patterns earns higher compensation. Relevant certifications also help.
How Fidelity Software Engineer Pay Compares to the California Market
While salary ranges vary based on specific role, experience and location, Fidelity is recognized as one of the top paying employers for software engineers across California.
According to Payscale, the average Software Engineer in California earns $108,245. At tech firms including Google, Facebook and Apple, salaries exceed $150,000 for more senior roles. Fidelity pay scales are highly competitive with these technology leaders.
Within the financial services sector, Fidelity also fares well, providing compensation at or above rivals like JP Morgan Chase, Wells Fargo and Citigroup for similar software engineering roles.
Outlook for Fidelity Software Engineering Compensation in California
As a leading employer known for strong pay and benefits, Fidelity is likely to remain competitive in their compensation packages for software engineering roles in California.
With tech talent in high demand across the state, salaries for Software Engineers in California are projected to rise 5% or more annually over the next five years. Fidelity will keep pace with these market trends to attract and retain top talent in the competitive Bay Area and California job markets.
While salaries represent only one aspect of overall compensation, Fidelity software engineers in California can expect to earn highly competitive base pay and total compensation packages as the firm continues investing in top technology talent.
In summary, Fidelity Investments provides software engineers in California with ample opportunities to build their careers while earning substantial salaries. Base compensation and total pay packages exceed market averages, with scope to reach $150,000 or more at senior levels. Salaries vary based on role, experience, skills and location within California. But overall, Fidelity is regarded as one of the top paying technology employers in the state and will likely remain competitive in attracting and retaining software engineering talent going forward.