Does anyone have this kind of compensation at FAANG but outside of those megalopolis, ultra-expensive real estate cities?
Ask HN: Those making over $300k/year, how did you achieve it?
81–90 of 303 posts
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#82Question 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
> Healthcare is expensive and gets more expensive the more you make
Huh? Are you self employed? I don't understand this.
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#83Question 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.…
There is a geographic disparity in how tech workers are valued. Might consider working remote for a US company that'll bring your wage up above what your local tech economy will provide for. As a sibling comment points out, health insurance and child care consume quite a bit of a wage in the US (our employer portion is $20k/year alone for a family of four; childcare is easily $1k/per child/per month for 2 days a week…
> [You]Might consider working remote for a US company that'll bring your wage up...
How do you even get to do that ? Most of the time companies that advertise 'remote' mean 'we need a remote worker who resides in the US'
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#84Earlier quoted context omitted.
Facebook, Apple, Aamzon, Netflix, Google https://www.investopedia.com/terms/f/faang-stocks.asp
Why is Netflix in there? Seems like an unusual addition to the other four?
Netflix pays exceptionally well and is very selective, and I understand they are quicker to fire underperformers than most. So it is fairly prestigious and ranks at the top in compensation.
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#85Question 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.…
Competition, and value. At the height of Microsoft's days, the average employee generated something like $2m in value. Take a dozen companies like that, where the income of the company divided by the number of employees is still in the millions, and have them fight for the best talent. Lately, tech is especially special for this because a good employee is so much more valuable than a bad one. Some developers honestly…
There's still the question of FAANG branches in other parts of the world not paying nearly as much as they do in the US, which is bullshit to me - if an employee generates value while working in the US, it does so outside of it as well. Companies this big shouldn't lower their compensation to match the country they operate in, I feel like it's an insult to employees who simply were born/decided to live in a different country
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#86Earlier quoted context omitted.
Mostly cost of living. The locations where these jobs are tend to be very expensive to live (which is why the location part of this question will be interesting).
what would rent+bills cost in SF, for example?
$1.5-2k will get you a single room in an apartment, a studio will run you at least $2.5k. Forget it if you have a family
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#87Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?
Lifestyle inflation, especially if you don't like your job and sometimes spend as a compensation. Many/most making higher incomes have large debts and little savings.
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#88Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?
work @ $300K pre tax for a year == a life of luxury? You from a 3rd world country?
Depends on your cost. But If that's >$150k post-tax, a few years of savings can go a long way in lower-cost states. Probably won't work in the Bay Area though.
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#89Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?
Because you wouldn't be earning $300k+/y if you headed straight to the beach? You have to do it for many many years to build the amount of wealth you'd need to live a life of idle luxury
What I know about those who make $300k+/y or more, money is just one part of the motivation that makes them work. The reason they make loads of money is that because they aren't the type that wants to go to the beach to live idle life.
Re: Ask HN: Those making over $300k/year, how did you achieve it?
#90Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?
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