Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a Financial Software Engineer in Michigan is $117,722 per year, which breaks down to an hourly rate of $57.
However, a Financial Software Engineer's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
Recruit with AI
AI-Powered HR
Financial Software Engineer Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $124,678 | $10,390 | $2,398 | $60 |
| Average | $117,722 | $9,810 | $2,264 | $57 |
| 25th Percentile | $107,291 | $8,941 | $2,063 | $52 |
TradeJobsWorkForce - Riverside, MI
Midwestern Software Solutions, LLC ("MS2") - Ann Arbor, MI
RHP Properties - Farmington Hills, MI
RHP Staffing - Farmington, MI
A Financial Software Engineer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Financial Software Engineer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| CAD Draft... Level Financial Software Engineer | $75,698 |
| CAD Draft... Level Financial Software Engineer | $91,653 |
| Financial... Level Financial Software Engineer | $118,447 |
| CAD Draft... Level Financial Software Engineer | $138,780 |
| CAD Super... Level Financial Software Engineer | $94,304 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Financial Software Engineers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Financial Software Engineer roles, the industry you choose can affect earning potential by as much as 85% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Internet sectors offer the strongest compensation, at 30% above the average. In contrast, Financial Software Engineer positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Financial Software Engineer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $153,039 | $74.0 | 30% |
| Internet | $147,153 | $71.0 | 25% |
| Aerospace & Defense | $142,444 | $68.0 | 21% |
| Energy & Utilities | $141,266 | $68.0 | 20% |
| Telecom | $138,912 | $67.0 | 18% |
Understanding how a Financial Software Engineer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $124,678 | $10,390 | $2,398 | $60 |
| Average | $117,722 | $9,810 | $2,264 | $57 |
| 25th Percentile | $107,291 | $8,941 | $2,063 | $52 |
Ready to take the next step in your career? Browse thousands of current Financial Software Engineer job openings on our job board. Use the search bar below to find your perfect match.
Vertex Sigma Software
Dearborn, MI
Vertex Sigma Software | Dearborn, MI
Job Description. Job Description. Overview. We are looking for a skilled Software Engineer to design and deliver scalable, cloud-native microservices withi... more
7 Days Ago
Vertafore
East Lansing, MI
Vertafore | East Lansing, MI
Job Description. Job Description. $63,000 + VIP Bonus. Looking to start your career in Technology. We have opportunities right here in mid-Michigan. The in... more
6 Days Ago
A-Z Jobs Inc.
Dearborn Heights, MI
A-Z Jobs Inc. | Dearborn Heights, MI
Job Description. Job Description. Role Purpose. Develops information systems by designing, developing, and installing software solutions. Key Responsibilit... more
9 Days Ago
SynergisticIT
Ann Arbor, MI
SynergisticIT | Ann Arbor, MI
Synergisticit Job OpportunityFor more than 15 years Synergisticit has helped jobseekers get employed in the tech job market by providing candidates the req... more
10 Days Ago
IPS Technology Services
Dearborn, MI
IPS Technology Services | Dearborn, MI
Job Description. Job Description. Job Role: Software Engineer (3) - Core Engineer 3. Job Location: Dearborn, MI. Position Description. We are seeking a hig... more
6 Days Ago
Midwestern Software Solutions, LLC ("MS2")
Ann Arbor, MI
Midwestern Software Solutions, LLC ("MS2") | Ann Arbor, MI
Job Description. Job Description. MS2 is a national leader in transportation data management and analysis and has the largest traffic count database in Nor... more
6 Days Ago
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com's CompAnalyst platform offers:
