PayPal is one of the largest payment gateways in the world. Given its attractive employee benefit programs and positive work environment, it is one of the most sought-after employers in the IT space. According to Comparable, 74% of PayPal’s employees feel they work in an extremely positive work environment.
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In this article, we have discussed the salary and other benefits for a software engineer at different levels at PayPal. Here’s what the article will cover:
- Average Salary of a Software Engineer at PayPal
- Fresher Versus Senior Software Engineer Salary at PayPal
- PayPal Software Engineer Levels, Salaries, and Experience
- PayPal Software Engineer Base Salary Ranges by Location
- Stock Option Benefits at PayPal
- Benefits of Working at PayPal
- How to Become a Software Engineer at PayPal
- How to Crack the Coding Interview at PayPal
Average Salary of a Software Engineer at PayPal
According to PayScale, the average PayPal software engineer salary is $112,619 per year. Software engineer salaries at PayPal can range between $89,000 to $155,000 per year, depending on the hierarchy. This estimate is based upon 65 PayPal software engineer salary reports provided by employees on PayScale.
Fresher Versus Senior Software Engineer Salary at PayPal
The data available on PayScale reveals that an entry-level software engineer with less than one year of experience can expect to earn an average total compensation (including tips, bonus, and overtime pay) of $98,181.
An early career as a software engineer with one to four years of experience earns an average total compensation of $114,328A mid-career software with five to nine years of experience earns an average total compensation of $120,366.
Note: The average PayPal software engineer salary is $112,619 per year. However, a software engineer’s salary at Google is approximately $122,032 yearly, 17% above the national average. FAANG companies are known for paying much higher salaries compared to other tech companies.
Recommended Reading: What Is the Highest Salary for Software Engineers at FAANG Companies?
PayPal Software Engineer Levels, Salaries, and Experience
Take a look at the compensation of a software engineer at each level:
Software Engineer IC-1
Years of Experience: Entry level to one year
Total Compensation: $134k
Software Engineer IC-2
Years of Experience: Minimum 2 years
Total Compensation: $158k
Software Engineer IC-3
Years of Experience: Minimum 4 years
Total Compensation: $190k
Years of Experience: Minimum 6 to 7 years
Total Compensation- $256k
Software Engineer IC-5
Years of Experience: Minimum 8 to 10 years
Total Compensation: $343k
Software Engineer IC-6
Years of Experience: Minimum 8 years
Total Compensation: $395k
PayPal Software Engineer Base Salary Ranges by Location
The software engineer salary at PayPal may differ according to the location. We have collated salary data of a software engineer IC-1 at five different PayPal offices in the US. Take a look:
- Austin: - $135,000
- San Jose - $150,000
- Santa Barbara - $73,000
- Los Angeles - $128,000
- Boston - $110,000
Stock Option Benefits at PayPal
A stock option is the right to purchase a certain number of shares of a company's stock at a predetermined price known as the "exercise" or "strike price."
Stock options are a type of benefit that companies provide to employees in order to reward them. Some fast-growing companies use them as an incentive for employees to work toward increasing the value of the company's shares.
PayPal also issues stock options to its employees at different levels. Here’s how it works at each level:
- Software Engineer IC-1:$8,385
- Software Engineer IC-2:$20,762
- Software Engineer IC-3:$37,545
- Software Engineer IC-4: $69,957
- Software Engineer IC-5: $93,562
- Software Engineer IC-6: $141,429
Benefits of Working at PayPal
PayPal follows a tradition of fostering an open, diverse, and innovation-driven culture essential to its employees so that they are at their creative best. To ensure the overall well-being of the employees, the company offers a range of benefits. They are:
Insurance, health, and wellness
- Health care and insurance
- Life insurance
- Disability insurance
- Dental insurance
- Vision insurance
Financial and retirement
- Pension plan
- Stock options or equity
- Retirement plan
- Performance bonus
Family and parenting
- Work from home
- Maternity and paternity leave
- Reduced or flexible hours
- Unpaid extended leave
Vacation and time off
- Vacation and paid time off
- Sick leave
- Bereavement leave
Perks and Benefits
- Employee discount
- Employee assistance program
- Gym membership
- Diversity program
- Job training and tuition
How to Become a Software Engineer at PayPal
The minimum qualification required to be a software engineer at PayPal is a Bachelor’s degree in computer science or a related field. However, candidates with a Master’s degree are preferred over those with only a Bachelor’s degree.
The technical requirements of the job include:
- Proficiency in Java (preferably with react)
- Foundational knowledge in object-oriented design principles, data structures, algorithms, SQL/NoSQL, operating systems, and software engineering
- Understanding of concepts like Web Services, SOA, and REST APIs.
How to Crack the Coding Interview at PayPal
The right amount of preparation and practice is extremely important to bag a job at Paypal. We have built a community where you can connect, share, discuss, and practice winning strategies and tips to crack the interview.
You can read the following articles to help you prep for your coding interview:
- Coding Interview Cheat Sheet for Software Engineers and Engineering Managers
- Cracking the Coding Interview: 9 Extremely Important Things You Should Know
- Most Popular Coding Languages for FAANG Interviews in 2021
- How Long Does It Take to Prepare for Coding Interviews?
- Top 10 Algorithms to Crack Coding Interviews
- Best Online Coding Bootcamps to Prepare for Tech Interviews
Join Interview Kickstart if you’re looking to prep for an interview. Our programs include a comprehensive curriculum, unmatched teaching methods, and career coaching to help you nail your next tech interview.
That’s not all! At IK, you get the unique opportunity to learn from expert instructors who are hiring managers and tech leads at Google, Facebook, Apple, and other top Silicon Valley tech companies.