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My offer numbers from big companies

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Re: My offer numbers from big companies

#151

Post by adventured »

GuiA wrote: post #125
adventured wrote: post #117

Earlier quoted context omitted.

That's not a misconception. The US has a far more progressive tax system than Western Europe. People earning $40k to $80k in the US pay extremely little in taxes versus most comparable nations. If you're making $47,000 in the US, you're paying near a 10% effective federal income tax rate ( before any deductions). That income level, which is the median US full-time income, is far higher than nearly every other median…

Interesting, thanks for the write up. My post came from the fact that as an engineer in Silicon Valley about 45% of my salary goes in taxes, which is more than if I were an engineer in my native European country (where obviously the pay would be much less).

As a percentage comparison to your salary, what are you getting in benefits (including healthcare coverage)?

If you're making $200,000 and getting $60,000 per year in total non-base-salary benefits, that makes a meaningful difference in the taxation percentage picture. In my experience, Europeans properly always talk about what they get for their taxes (eg healthcare), while Americans rarely discuss that they get an entire other compensation set to go with their salary and it's excluded from income comparisons (which is extremely relevant, because of how very expensive US healthcare is, ie that it's not cost comparable to other developed nations).

Re: My offer numbers from big companies

#153

Post by siddharthdeswal »

hkmurakami wrote: post #102
thisisit wrote: post #33

> 2. What's your background? > Male. Two years of professional experience. Bachelors. Non-ivy league school. Previously from a unicorn startup . I'm mentioning these because people ask, not that I think they matter. Being an alumni from unicorn startup is my guess on why he got these offers. People are obsessed with salaries and positions which I think is unhealthy. But what I find ironic is that I have always heard…

Money can absolutely buy a lot of contributing factors to Happiness. However it can't solve your unhappiness. Also not having money will often cause unhappiness.

You're as wise as your username.

To add to your points, money used to invest in experiences with loved ones will certainly add to happiness.

Re: My offer numbers from big companies

#154

Post by joshuamorton »

FlyingLawnmower wrote: post #138
joshuamorton wrote: post #72

Earlier quoted context omitted.

No, they're par for the course in the bay area (well, among the set of companies that are oft-discussed on HN: FAMG and well funded startups).

I still find it a little hard to believe... When I was a new grad, I got offers from several of the companies you listed, and the comp didn't come close to OP's post. I can't imagine 2 years of experience and some negotiating changes the compensation that drastically. Google, for example, offered a base salary just over 100k. Is the difference between level 3 and 4 (what I assume 2 years of experience gets you) reall…

Google base is 110K for a new grad L3. This isn't a 70% difference, its a ~30% difference.

Total comp for a new-grad Googler who doesn't negotiate at all will be 110K base +18K bonus + 25K stock annually = ~153. That's without negotiating at all. Negotiation can push that across 200K annually in extreme cases. From that perspective, its not as gargantuan a leap. And similarly, I expect that this person was able to negotiate their google offer, so it would be higher than the "default" for an L4.

Re: My offer numbers from big companies

#155

Post by nerflad »

I'm in the southeast. 24, self-taught, no degree (I was able to make it through Triplebyte, though I'm not persuaded that actually means anything). 2009-2015 IT/helpdesk/sysadmin, and 2015-2017 more dev/devops, all with a local medium (~350 employee) retail-ish business that grosses about $30m annually if I had to guess. I quit this year for a number of reasons (depression), but I mainly worked on automation. A collection of scripts I wrote (and documented!) saves about 30 days' worth of the team's time annually. I made $22.50/hour. The numbers in this post are unfathomable to me.

Re: My offer numbers from big companies

#156

Post by mchaver »

sidlls wrote: post #146
mchaver wrote: post #126

Earlier quoted context omitted.

What is CTCI? Search engines didn't return any results that make sense.

Cracking the Coding Interview. It's a book by a software coder about how to pass code interviews at places like Facebook and Google. I suspect the author makes more money on the book than she ever did as a coder.

Thanks. I knew of the book, but not the acronym.

Re: My offer numbers from big companies

#157

Post by joshuamorton »

cjhanks wrote: post #114
joshuamorton wrote: post #67

Earlier quoted context omitted.

True, but the total compensation here is at or above 250K annually. Most places in the US won't break 100K with 2 years of experience, and the cost of living is less than 2.5x as much. In other words, you still come out well ahead.

Maybe. But checkout Austin cost of living https://www.nerdwallet.com/cost-of-living-calculator/compare... and stack overflow careers https://stackoverflow.com/jobs?sort=i&l=Austin%2C+TX%2C+Unit... . That's essentially a parallel move if you consider nerdwallet doesn't consider local tax rates (very high in SFO vs 0% in Texas).

Again though, I don't know anyone 2 years in making 134K (the Austin-equivalent of 250K in SF) in Austin. I know more than one person 2 years in making that much in SF.

And you're also ignoring that CoL calculators bias against high CoL areas in a few important ways.

Re: My offer numbers from big companies

#158

Post by siddharthdeswal »

simonbarker87 wrote: post #91
fnl wrote: post #80

Earlier quoted context omitted.

Agreed. Nobody takes into account the total loss of social security in the US. Healthcare, retirement, child aid, education, .... If anything, I'd be upset if I were living in the US about other jobs not earning at least that much, to make ends meet, particularly given the huge risks everyone has to shoulder on their own.

In the UK my wife and I loose 25-30% of our pay checks to tax and national insurance and I would imagine the cost of living in the UK is comparable to the US. Our household income is considered pretty high in the UK as well so it’s not that we are badly paid in UK terms

What kind of healthcare facilities do you get from the government?

Re: My offer numbers from big companies

#159

Post by slackingoff2017 »

koevet wrote: post #123

These numbers should be taken with a grain of salt. I live in Zurich, Switzerland and I have a similar salary (~200K) but the high cost of living (which, I assume, is similar if not lower than the Bay Area) make my salary comparable to an "ok" salary in other European countries. Just to give you an idea: the overall cost of school + a nanny for 2 kids under 6 is around 70K year in Zurich. As other have mentioned, the…

Unless the culture is wildly different than here in the US I don't think it's reasonable to consider private school and nannies as part of "cost of living"... Those are both unnecessary luxuries.

Re: My offer numbers from big companies

#160

Post by adventured »

bald wrote: post #107
polyomino wrote: post #47

Earlier quoted context omitted.

Facebook and Google are making over $1 million in revenue/yr per employee. They can afford to pay this.

revenue != money to spend

Well in this case, for Google and Facebook, it is pretty close to that.

Facebook has 86% gross profit margins.

Google's are a little lower but still incredible, at 60%.

For the most part, they print as much profit as they want to. Google could get rid of half of their staff and just print $40-$50 billion per year in profit off of search (while keeping various critical moat pieces like Android). They have nearly 80,000 employees now, the majority of that is a combination of bloat and efforts at expansion into other non-search things.

To put into perspective how hilariously profitable Google (the search business) is, they're now capable of doing $35 to $40 billion per year in operating income. Last quarter they generated $8.7 billion in operating income for that segment. Google's (search biz) capital expenditures were a mere $3.5 billion out of $27 billion in sales. If they cared to do it, they could push margins to the ceiling.

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