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Ask HN: Those making over $300k/year, how did you achieve it?

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Re: Ask HN: Those making over $300k/year, how did you achieve it?

#151
post #2

300 tc is pretty standard for FAANG and the big unicorns. I pull down 330k w 5 years experience at a Uber. 180 cash, 150k equity. I’m incredibly average, 5 years exp.

Amazon comp is below 300 until probably principal level. Maybe a few seniors have it.

Seem to highly depend on date of joining. Is it unreasonable to assume that someone who joined around 2015, when the shares were in $300-400 range got an offer with a grant of 1,500-2,000 shares for mid-level?

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#152
post #146
post #94

CPO for 400+ person, post Series-D private company. Salary and bonus, about $350k. Maybe $400k or slightly higher if I'm counting options. Report to the CEO. I live in Brooklyn, office is in Manhattan. Got here by my current company acquiring mine; I've been here a little under three years and have resisted starting another company because I like my current one so much and frankly, I've got a lot of impact. I have a…

Mind clarifying what CPO means in your case? https://en.wikipedia.org/wiki/CPO Could take a guess from several of those.

usually Chief Product Officer

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#153

Reading such a post on HN is only fanning my financial insecurity. I'm a Comp. Engineer in early 30, who used to draw approx. 130K (105 + 25K RSUs) from a major company in the south east USA. Moved to Europe(Denmark) for personal reasons, and have been essentially working for less than half that money I used to make. ($96K after taxes in US vs $48K after taxes in Denmark) - 10 years of experience. Before you ask, tha…

Yes.

I'm a software developer in South Africa.

We work for usually around half of what our UK/US counterparts earn, despite being an exceptionally capable team out here, arguably more so than any other team worldwide. The same can be said for many other tech companies with teams out here (e.g. ask your friends who work at Amazon about their CPT office).

We have one of the highest income tax rates in the world for 'high income earners' (>42% for me, above the highest international average income, and receive absolutely no benefits (schooling, healthcare etc.) as a result, thanks to our government being rife with corruption.

We have one of the highest crime rates in the world. The cost of living of the city I live in is rapidly increasing, it's becoming unaffordable for all who are not in finance or software, or are willing to be senior in their jobs and live like college grads. We have a tumultuous economy and therefore an unstable currency, consequentially your purchasing power is virtually 0.

The highest salary I have ever seen in the field of software development/engineering in SA is USD80k p/a. I know that I will likely never make +USD100k p/a living in SA working as a software developer, and yet, getting a visa to move away is intensely difficult without a company willing to sponsor you.

And yet, for all this financial despair when compared to my peers worldwide, I climb a mountain every weekend. I feel the sunshine on my face almost every day of the year. I surf before work regularly.

I have it pretty darn good. Don't let this superficial financial insecurity govern your happiness :)

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#154

Reading such a post on HN is only fanning my financial insecurity. I'm a Comp. Engineer in early 30, who used to draw approx. 130K (105 + 25K RSUs) from a major company in the south east USA. Moved to Europe(Denmark) for personal reasons, and have been essentially working for less than half that money I used to make. ($96K after taxes in US vs $48K after taxes in Denmark) - 10 years of experience. Before you ask, tha…

These threads are mostly comedy and hot air. Don’t let them fan anything. Everyone here says they’re making $300k. It’s a trope that won’t die. They are either statistical outliers or exaggerating. Median for the Bay Area (which tends to be the highest in the country if not the world) is around $115k plus equity. I’m not going to trot out the links again, but these numbers are Googlable unlike all the anecdotes.

Even the $300k numbers here are 50%+ equity. That's a considerable risk. It worked over the past 10 years because tech stocks have outperformed everything else. If we see a true tech stock crash (50%+ correction), many of those $300k salaries are in reality closer to $200k (or less if you'll never be able to sell the stocks). I don't wish that to anyone but it's important to keep in mind that stock bonus is something very different from cash salary.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#156

Question from someone not living in the US: How come you guys have such high salaries compared to ROW? Is the cost of life that much higher than other countries, or is your income simply taxed less / companies have generally more money to spend on employees? I am currently working in one of the highest paying (if not the highest) consultancy firms in my country, and my salary is probably lower than your minimum wage.…

Cost of living in the US gets ridiculous. Healthcare is expensive and gets more expensive the more you make. As much as I make I'm probably one bad accident away from being wiped out financially When you add a family, child care is super expensive; think $350/week for two kids Not to say we aren't hyper-consuming gluttons, but I think that's only about one third of the picture

Childcare can be way more expensive in some parts of the US - $500+ a week for 2 kids in the Portland, OR area.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#157

Reading such a post on HN is only fanning my financial insecurity. I'm a Comp. Engineer in early 30, who used to draw approx. 130K (105 + 25K RSUs) from a major company in the south east USA. Moved to Europe(Denmark) for personal reasons, and have been essentially working for less than half that money I used to make. ($96K after taxes in US vs $48K after taxes in Denmark) - 10 years of experience. Before you ask, tha…

This is all true.

You can earn more in the US for doing the same job with the same hours and good benefits. Life in the US is better.

I am speaking from experience. I have worked in London, Philadelphia and Boston.

The biggest difference for me is family and friends being in the UK which affects my happiness. For me it's best to be close to loved ones.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#159

For the most part you'd live in a place like NYC or the Bay Area to come up with these kind of salaries. So let's assume you live in the Bay Area (California). New Federal income tax is 35% for that salary range then add 13% coming from beautiful and sunny California. We're at a 48 % tax rate. Let's round that up to 50% to simplify our maths. Congratulations - you are now making $150k/year! From 300 down to 150 just…

I think the math of going from $300k to $150k went by too quickly for me. Can you go over it in a little more detail?

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#160

Currently earning $300k base with 100k in RSUs annually at Oracle as an engineer, though my title is different (director title). All they've asked from me so far is engineering IC work. I had to negotiate hard for it, and my expertise spans multiple currently hot tech domains. Also a former founder of my own startup. I'll also say that despite the common hater mentality against Oracle, it's been a nice place to work…

This makes me wonder whether Oracle's unpopularity raises the wages they pay.

It's definitely possible.

I've also learned that a lot of folks at Oracle don't make that much money, but like their teams, projects, and stability. Can't say I completely get it. It's definitely more chill than startup life, though.

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