Netflix - Senior Software Engineer, only one level across the company
Compare career levels across companies
291–300 of 428 posts
Re: Compare career levels across companies
#292Earlier quoted context omitted.
Location matters a lot, for all tech companies. Cost of living in Bay Area for example is really high, and salaries reflect that. The exact same position in two different cities can vary by 20% or more depending on location, and that's true for any company.
At Amazon in particular it is standardized such that there are only 2 different regions, 1 for SFBA/NYC and 1 for everywhere else in the US.
Amazon operates in countries other than the US.
Re: Compare career levels across companies
#293Earlier quoted context omitted.
> it should be written that 40-45 percent is taken away as taxes. So, if someone is making a total comp of 200k, it is basically 120k. Are you confident about this? My experience as a single guy in that total comp range is closer to 25 percent taxation. The marginal rate is that high, but only a small chunk of a 200k income is taxed at that rate. In fact, Social Security caps out before there. And if you're married,…
> Are you confident about this? My experience as a single guy in that total comp range is closer to 25 percent taxation. The marginal rate is that high, but only a small chunk of a 200k income is taxed at that rate. In fact, Social Security caps out before there. And if you're married, it's even lower. What state are you in? My experience is more similar to the parent post; bonuses which are part of your total comp g…
> What state are you in?
California.
> After CA income tax, etc etc effective tax rate is easily 40%+.
The marginal rate is that high yes. Pretty easy breakdown at 200k:
CA Disability: 0.00% (phased out at $114k) Social Security: 0.00% (phased out at $128k) Medicare/Medicaid: 2.35% California Tax: 9.30% Federal Tax: 32.00%
So that's around 40 percent of every _extra_ dollar, emphasis on "extra". The average rate rate is far lower, around 18% federal, 9% cali.
> My experience is more similar to the parent post; bonuses which are part of your total comp get taxed slightly higher than base pay.
Your experience with bonuses is misleading. They're taxed as normal income, but the withholding formulas for paychecks are calculated independently per paycheck, as if you earned that much every paycheck. So if you have one biweekly paycheck with a 15 percent of salary bonus, that's taxed as if you made 5x as much. End result: you are withheld as though in the top tax bracket for the bonus paycheck, and your refund will be larger than expected.
tl;dr: don't look at your pay stubs, look at the actual tax returns you file instead for effective tax rates.
Re: Compare career levels across companies
#294Earlier quoted context omitted.
And to the "outsiders" from outside US, it should be written that 40-45 percent is taken away as taxes. So, if someone is making a total comp of 200k, it is basically 120k. This should be written in bold on this website. Actually i would say, instead of having these charts which compare total comp, its better to have a survey on how much people save after rent, taxes, and basic living expenses (not including loans et…
You forget that many of these compensation numbers include a large portion of equity that many people hold for 1yr to get long term capital gains tax of just 15%. Many of these equity packages include components that can top 6 figures a year. $100k in equity every year for 4 years is not an unreasonable equity package for a mid-senior engineers (5+yrs exp).
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Re: Compare career levels across companies
#295these are obviously new hire figures (includes signing etc). does anyone know if one can expect similiar compensation if hired as l3 and move up to l4 versus if hired as l4 directly. wondering if it’s better to switch jobs for promotions in that case.
It's always better if you come in new.
right but thinking for instance. would it make sense to leave to facebook just for the comp bump at l4 even if you really like your job at google? just because being a new hire would give you more comp?
Re: Compare career levels across companies
#296Earlier quoted context omitted.
It's always better if you come in new.
right but thinking for instance. would it make sense to leave to facebook just for the comp bump at l4 even if you really like your job at google? just because being a new hire would give you more comp?
I think this is where big companies get comp wrong. They should incentivize staying because after 4 yrs, you're right, there is a big comp fall. For me personally, I am happy with my work, comp, team and manager. That happiness > my willingness to practice for interviews again :)
Re: Compare career levels across companies
#297Earlier quoted context omitted.
> you should absolutely be able to interview in the language of your choice. Except the choice is between Java, C++ and Python. They are very clear about that, asking what your preference is during the scheduling phase. I went through the interview process this year, and even tried to ask my interviewers if it was ok to do Kotlin instead of Java. It wasn't.
I interviewed and passed at google. Through 6 interviews I used JS, C, Go, and Swift. One of the tougher Qs was to make a pretty full-featured promise library from scratch in whatever language I wanted in one of those interviews. Chose Swift because I'm a fan of the syntax for blocks (esp when whiteboarding). Feedback was that was my best interview of the day. My experience - they wanted to know I could program, didn…
What is a promise library? Sounds rather complex, how does that even fit on a whiteboard?
Re: Compare career levels across companies
#298Either I was: 1) seriously underpaid at Google, 2) things have changed a lot in the past half year or 3) the stats do not reflect real averages.
It could also be you didn't negotiate your pay well.
It happens to all of us.
Re: Compare career levels across companies
#299Earlier quoted context omitted.
You forget that many of these compensation numbers include a large portion of equity that many people hold for 1yr to get long term capital gains tax of just 15%. Many of these equity packages include components that can top 6 figures a year. $100k in equity every year for 4 years is not an unreasonable equity package for a mid-senior engineers (5+yrs exp).
> You forget that many of these compensation numbers include a large portion of equity that many people hold for 1yr to get long term capital gains tax of just 15%. Actually for RSUs you are taxed at vest, so it's your pay tax rate (probably in the realm of 35%+). What's taxed at 15% after a year is any additional gain from vest time. So if you get 4 google stock at $1000 a piece, they sell 2 to cover your tax liabil…
That's brutal is the not any CGT allowance? Looks like we are getting an EMI option scheme her in the Uk and the EU.
This is the one where employees do not have to pay the income tax that would normally be charged on the market value of any shares or options granted to them.
If employees are given options under an approved EMI, they are only charged capital gains tax at 10% on the increase in value over what they pay for the shares (the option's 'exercise price'), so long as that price is at or above the market valuation of the shares on the date of granting the options.
Re: Compare career levels across companies
#300Here's a slightly related open question: Are Engineers in the US just much richer than in the UK? For perspective, I started my career with an MEng in Electronic and Electrical Engineering as a Hardware Design Engineer at £35k (I out-earned most of my fellow graduates). It seems like these salaries are just comically disjointed from my entire experience of life. Can anyone here speak to the differences? Everything I'…
Most likely, I've read the other day a new grad that signed a $200k bonus / stock over 3 years in the bay area. It's just insane.
Why is it insane? You should be happy that a member of the middle class is doing well. We should expect this in our society, unfortunately programmers from lower class get happy much earlier.