Rate Principal Engineer Salaries in Chicago | Comparably
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Rate was built on the principles of low rates, groundbreaking technology, complete transparency, excellent customer service and a quick, easy mortgage experience. We knew that to achieve the mission of being the best mortgage company for customers, we also needed to be the best mortgage company for employees and referral partners. We achieved that by innovating superior systems and technology to make the mortgage process easier and more transparent for everyone, and by creating a culture of positivity in which people have the opportunities to improve their lives and achieve their dreams. read more
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Rate Principal Engineer Salaries in Chicago

The average Rate Principal Engineer in Chicago earns an estimated $158,947 annually, which includes an estimated base salary of $134,947 with a $24,000 bonus. Rate's Principal Engineer compensation is $2,790 less than the US average for a Principal Engineer. Principal Engineer salaries at Rate in Chicago can range from $129,300 - $181,000.

In Chicago, The Engineering Department at Rate earns $4,091 more on average than the Marketing Department.

Last updated a year ago.

$50k
$85k
$120k
$154k
$2.06M
$158,947
Average Compensation
$134,947
avg. base
$24,000
avg. bonus

Principal Engineer Salaries at Rate

In Chicago, Principal Engineers earn $6,843 more than Principal Engineers, and $7,599 less than Group Engineering Managers.

Director of Engineering
$184k*
Group Engineering Manager
$167k*
Principal Engineer
$152k*
Engineering Manager
$150k*
Senior Developer
$126k*
Lead Engineer
$126k*
Sales Engineer
$125k*
Mobile Developer
$123k*
Senior QA
$112k*
Data Scientist
$110k*
DevOps
$104k*
Developer
$97k*
QA
$85k*
Jr Developer
$74k*
* estimated salary

Compensation at Rate by Department

In Chicago, The Engineering Department averages $4,091 more than the Marketing Department, and $394 less than the Product Department

Product
$110,980 Avg. total comp.
+$394
Engineering
$110,586 Avg. total comp.
Marketing
$106,495 Avg. total comp.
-$4k

Principal Engineer Compensation by Gender (All Companies)

The average female Principal Engineer at companies similar size to Rate reported making $151,156, while the average male Principal Engineer at similar sized companies reported making $160,687.

Principal Engineer Compensation by Ethnicity (All Companies)

The average Asian or Pacific Islander Principal Engineer at companies similar size to Rate reported making $168,169, while the average Hispanic or Latino Principal Engineer at similar sized companies reported making $149,389.

How Principal Engineers at Rate Rate Their Compensation

The majority of Principal Engineers at Rate believe they're compensated fairly. 18% of Principal Engineers at Rate say they receive annual bonuses, and the majority (48%) are not satisfied with their benefits. See more compensation ratings at Rate

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