71–80 of 172 posts
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How do you figure that? If you are in the 50th percentile?
50th percentile i guess is the "fair" wage I'm ~30% lower than the 25th percentile... :/
As usual, failing to take into account equity and bonuses makes this less useful. Salary is <= 50% of the story for most senior roles.
I'm sorry, but I think this is much better for not including funny money from startups that give private equity grants, at least I in the lower bands of the range. I know people for whom half their pay is equity and they can't even afford to take the options. And for many places I've been, the stock was never sellable outside of shady private stock trading groups that your board may or may not let you sell to.
Biggest factor is where you live... because we all know that people are paid according to the value they create, and bits forged in places with high rent are inherently more valuable.
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I agree that you probably shouldn't include stock that can't be sold. There's gotta be a middle ground though, because if you're at a big established tech company with a senior-ish role, your comp is like nearing or exceeding 50% bonus&stock, which you can liquidate on the spot and turn into actual cash. So if you take someone whose base salary is 180k at whatever big tech, you're missing the part where they actually…
It's only cash if the company find a way to make it real, though. I certainly never made 150kyr,in stock. How would you even exercise that and then handle the taxes? I guess if you have a retention salary?
The Salary chart is interesting, both because of how US developers earn more than other Western countries, but mainly how a median developer with 20 years experience earns 60% more than a first job developer. I wonder how many other professions have that low a rate of pay increase - or maybe its just grads are overpaid, not sure.
Yeah, the numbers are weird. I'm in SF, full-stack, with 20+ years of experience (and leading several successful exits), but I can't seem to get a job making as much as a mid-career developer (according to that calculator). To be fair though, I don't have time or patience for long interview processes. But, on the other hand, a lot of times I get rejected just after the phone screen (with no feedback, of course).
Seems inaccurate for SF. It was saying that half of devs were making less than $90k for 3 years of experience. I find that hard to believe. Yes, maybe that's the listings but I think it's insane to think you get paid that when almost every company here past seed stage will pay $100k+ for any new dev.
Lots places uses salary as a monthly unit.
And only three locations available in the US? How is this useful? I suppose this tool is awesome if you're a web or mobile dev in Seattle, SF, or NY.
Earlier quoted context omitted.
I'm sorry, but I think this is much better for not including funny money from startups that give private equity grants, at least I in the lower bands of the range. I know people for whom half their pay is equity and they can't even afford to take the options. And for many places I've been, the stock was never sellable outside of shady private stock trading groups that your board may or may not let you sell to.
Yeah, but not everyone's non-salary income is funny money from startups. I work at a Fortune 100 and get stock grants (not options, but actual shares) as part of my compensation. It's real and I can trade it that day (and pay high taxes on it), or hold it and trade it later.
I don't see why you felt the need to make a fresh anonymous accont to share this?
Earlier quoted context omitted.
It's only cash if the company find a way to make it real, though. I certainly never made 150kyr,in stock. How would you even exercise that and then handle the taxes? I guess if you have a retention salary?
What often happens is you hold it for a while to reduce the tax burden. Then when you sell it, say you want $100k, you actually sell $115k to cover the extra 15% in taxes. (You'll end up needing a little more to cover the extra 15k, but that's easier than covering the 100k.)
It's also important to note that the clock for long term capital gains tax starts at the date of exercise, so you'd still need to exercise the options, which will cost money.