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Ask HN: Are there any tech companies throwing $$ at candidates these days?

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Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#11

Post by xdfgh1112 »

anon_070522 wrote: post #3

No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title. YMMV; I'm a senior cloud engineer with 8 years…

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#12

Post by darioush »

xdfgh1112 wrote: post #11
anon_070522 wrote: post #3

No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title. YMMV; I'm a senior cloud engineer with 8 years…

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

You pay 35% taxes so that's like 150, then you max out retirement and you're left with like 130. You spend 50-70k and then save 60k a year which is like 1 year of your pre-retirement expenses (not including any children, just like a couple or single person)

So yeah definitely not retiring in 5 years unless you are already 55.

This also means you didn't do anything flashy or crazy with your money or lose it in markets.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#13

Post by ctvo »

xdfgh1112 wrote: post #11
anon_070522 wrote: post #3

No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title. YMMV; I'm a senior cloud engineer with 8 years…

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

Seems quite easy to calculate? What's your estimated cost of living per year, what's your savings rate re: your salary, what do you need to safely generate that cost of living passively based on investments until your estimated last year of life? Are there any extraordinary costs (health care in the US for example) you'd need to be responsible for after early retirement? With those numbers in hand, for most people, no, you don't retire after working 5 years at 250K per year even in an extreme low cost of savings locale.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#14

Post by knert »

xdfgh1112 wrote: post #11
anon_070522 wrote: post #3

No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title. YMMV; I'm a senior cloud engineer with 8 years…

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

250k is a good pay in America but you won’t be retiring after five years. Income tax usually takes 25-35% off so your take home is 162k-187k. It’s easy to spend 10-15k/mo on expenses (mortgage, cars, gas, utilities, child care, food, clothes, medical, paying off student loans, retirement, savings, etc.). Then you’ll want to do things like take vacations. It gets eaten up pretty quick here.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#15

Post by atonse »

k__ wrote: post #10
zdware wrote: post #2

Market is very hot still and in favor of the candidate, atleast from my perspective. But I have 10+ years experience.

A few weeks ago I saw $600k/y for a MEV engineer. So, yes, probably very hot.

What is MEV?

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#16

Post by spicyusername »

I'd say the market is still very hot.

Just got an offer for 20% more than my current salary after a few months of interviewing. I probably interviewed at 15 companies or so.

There were a seemingly endless number of mid-to-senior operations and development positions available, so I only had to apply to companies I wanted to work for. I saw plenty of both remote and in-person.

The only challenge was finding an increase in pay. I have 10+ years have experience, so many mid-range individual contributor positions were capped too low.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#18

Post by dpark »

darioush wrote: post #12
xdfgh1112 wrote: post #11

Earlier quoted context omitted.

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

You pay 35% taxes so that's like 150, then you max out retirement and you're left with like 130. You spend 50-70k and then save 60k a year which is like 1 year of your pre-retirement expenses (not including any children, just like a couple or single person) So yeah definitely not retiring in 5 years unless you are already 55. This also means you didn't do anything flashy or crazy with your money or lose it in markets…

> You pay 35% taxes so that's like 150

These are weird numbers.

35% of 250k is not 100k. It’s 87.5. And you shouldn’t be paying 35% on 250k. 35% is the top tax rate you pay. Most of your dollars will not be taxed at that rate.

At 250k of income you should actually be paying about $70k in taxes.

But yeah, you’re not retiring in 5 years unless you’re retiring somewhere exceedingly cheap.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#19

Post by jsiaajdsdaa »

xdfgh1112 wrote: post #11
anon_070522 wrote: post #3

No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title. YMMV; I'm a senior cloud engineer with 8 years…

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

In my case, you pay most of it to tax, mortgages, and all of the very expensive things wives like to buy.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#20

Post by jsiaajdsdaa »

dpark wrote: post #18
darioush wrote: post #12

Earlier quoted context omitted.

You pay 35% taxes so that's like 150, then you max out retirement and you're left with like 130. You spend 50-70k and then save 60k a year which is like 1 year of your pre-retirement expenses (not including any children, just like a couple or single person) So yeah definitely not retiring in 5 years unless you are already 55. This also means you didn't do anything flashy or crazy with your money or lose it in markets…

> You pay 35% taxes so that's like 150 These are weird numbers. 35% of 250k is not 100k. It’s 87.5. And you shouldn’t be paying 35% on 250k. 35% is the top tax rate you pay. Most of your dollars will not be taxed at that rate. At 250k of income you should actually be paying about $70k in taxes. But yeah, you’re not retiring in 5 years unless you’re retiring somewhere exceedingly cheap.

You are forgeting the 10% (aka $25,000) state tax in California which might be where this person is, which will bring them quite neatly to $95,000.
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