As of April 01, 2025, the average annual salary for a Software Engineer V in Wayne, NJ is $193,841. Salary.com reports that pay typically ranges from $180,132 to $210,035, with most professionals earning between $167,651 and $224,778.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $210,035 | $17,503 | $4,039 | $101 |
| Average | $193,841 | $16,153 | $3,728 | $93 |
| 25th Percentile | $180,132 | $15,011 | $3,464 | $87 |
An entry-level Software Engineer V with under 1 year experience makes about $188,317. With less than 2 years of experience, a mid-level Software Engineer V makes around $189,340. After 2-4 years, the Software Engineer V pay rises to about $189,749. Those senior Software Engineer V with 5-8 years of experience earn roughly $191,795, and those Software Engineer V having 8 years or more experience are expected to earn about $199,159 on average.
| Levels | Salary |
|---|---|
| Entry Level Software Engineer V | $188,317 |
| Intermediate Level Software Engineer V | $189,340 |
| Senior Level Software Engineer V | $189,749 |
| Specialist Level Software Engineer V | $191,795 |
| Expert Level Software Engineer V | $199,159 |
| Entry Level | 11% |
| Mid Level | 12% |
| Senior Level | 12% |
| Top Level | 13% |
| Experienced | 17% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
API: An application programming interface is a way for two or more computer programs to communicate with each other. It is a type of software interface, offering a service to other pieces of software.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
| Skill | Salary | Demand |
|---|---|---|
|
Relationship Management
|
$234,548 |
21%
|
|
Accountability
|
$205,472 |
6%
|
|
Innovation
|
$205,472 |
6%
|
|
Networking
|
$201,595 |
4%
|
|
Scrum
|
$201,595 |
4%
|
|
Initiative
|
$199,657 |
3%
|
