It is a dream for many graduating Software engineers to land a job at PayPal. The main reason is its global availability and promising salary and other benefits. Are you one of them? Then you should consider certain things first.
The Initial salary alone wouldn’t make a company the best career choice. You should take a look at PayPal roles, promotion options and future career paths. Are you looking for the technical Hierarchy and chain of command of PayPal?
Then don’t worry, you’re in the right place, here you will get to know about the various Software Engineer levels and their salaries in PayPal. Okay without further ado, let’s start the article with a short introduction to PayPal.
A Short Introduction to PayPal
PayPal is an American Multinational Financial company headquartered in California, U.S. It provides an online payment system in the majority of the countries that accept online fund transfers as an alternative to traditional paper currency or checks.
It also acts as a payment processor for online vendors, auction sites, and other commercial institutions and charges fees. As of 2022, the company employs 29,900 employees.
Like other multinational companies, PayPal also uses the band or Grade system to classify its workforce into different levels and categories. The band ‘T’ is used for the technical positions in PayPal, which include Intern-tech clerk to Chief Technical Officer (CTO).
This article covers the technical positions of Software Engineers in PayPal. They are as follows.
Technical Hierarchy of PayPal
The technical positions for the software engineers of PayPal start from ‘T22’ and end by ‘T27’. Let’s take a detailed look at them-
T22 – Software Engineer I
This is an entry-level position. You will be hired as an Assistant when you are a fresher who just graduated. It is mostly a position where you will be like a trainee who learns and adapts to the work environment. You will work under a senior software Engineer.
The Total Average Annual Salary of Software Engineer I of PayPal is $130K, including the base pay of $110K, $10k bonus, $10 Stock Option.
T23 – Software Engineer II
The duties and work structure are the same as the previous software engineer position, however, the salary and work experience varies. You should have a minimum of 2 years of work experience to be hired as a Software Engineer II in PayPal.
The Total Average Annual Salary of Software Engineer II of PayPal is $159K, including the base pay of $122K, $15k bonus, $22 Stock Option.
T24 – Senior Software Engineer
As a Senior Software Engineer, you should supervise two or more software Engineers and report back the progress to the Staff Software Engineer. You should have a minimum of 4 years of work experience to be hired as a Senior Software Engineer in PayPal.
The Total Average Annual Senior Software Engineer I of PayPal is $187K, including the base pay of $136K, $14k bonus, $37 Stock Option.
T25 – Staff Software Engineer I
It is the highest position you can be directly hired, you will be only promoted. As a staff software engineer, you will handle and manage software engineers of that particular department or branch. You should have a minimum of 6 to 7 years of work experience to be hired as a Staff Software Engineer 1 in PayPal.
The Total Average Annual Salary of Staff Software Engineer 1 of PayPal is $249K, including the base pay of $161K, $18k bonus, $70 Stock Option.
T26 – Staff Software Engineer II
The duties and work structure are the same as the previous software engineer position, however, the salary and work experience varies. You should have a minimum of 8 to 10 years of work experience to be promoted as a Staff Software Engineer 2 in PayPal.
The Total Average Annual Salary of Staff Software Engineer 2 of PayPal is $304K, including the base pay of $189K, $31k bonus, $85 Stock Option.
T27 – Senior Staff Software Engineer
It is the topmost software Engineer position available on PayPal. It is equal to a position like Data Manager or Technical Manager. You should have a minimum of 10 years of work experience to be promoted as a Senior Staff Software Engineer in PayPal.
The Total Average Annual Salary of a Senior Staff Software Engineer of PayPal is $421K, including the base pay of $214K, $44k bonus, $162 Stock Option.
If you have any further questions, please leave them in the comment section below.
***The salary packages are only indicative and may vary as per the rise and low of the demand.***
Are you preparing for your next interview?
Please check our e-store for e-books on Interview Q&A on IT technologies. All the e-books are in easy to understand PDF Format, explained with relevant Diagrams (where required) for better ease of understanding.