61–70 of 394 posts
Earlier quoted context omitted.
Doesn't a fintech programmer already make ~$450k (all in)
Zero chance that is typical
The thing about fintech though is they get worked really hard. It's very much a "You eat what you kill" mentality. On an hourly basis you might be better off "only" making $300K at a FAANG and working normal 40 hour work-weeks.
This coupled with the Amazon news is starting to get distressing. With the amount of companies that copycat them it’s like the rich are getting richer and the economic benefits are still going to be concentrated only in the most affluent cities. The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them but it appears nobody can come up with a busines…
95% of Googlers in NYC will be lifetime renters just like they are in the Bay Area. Hardly the gilded class
You're also off on the stats for the Bay Area as well.
Counterpoint: these jobs are increasingly meh and will not be impactful on the local economy. Lifetime comp (salary + retirement benefits) for Amazonians in Crystal City will probably be less than for comparable Federal workers. Google is like any other white collar business now - a small cadre of well paid execs surrounded by an army of people just doing ok. 80% of Googlers in NYC will probably have lower lifetime e…
New Federal workers don't even get a pension, and the max pay band in the highest CoL areas is $164,200/year. Note that it would typically take decades of experience to reach that, as tenure factors in a lot on which pay band you're in.
You're also vastly overestimating how much police and firefighters make. You're looking at the outlier figures and acting as if it's the norm.
Earlier quoted context omitted.
Given Google's penchant for lowballing people without FANG experience or competing offers, probably not.
Do you have any references for this? It definitely seems plausible and matches my (very limited) experience with a few friends that have joined Google, but I was wondering if you have any links. I guess you would have to accept joining with a lower salary, and then try to switch to another FANG company to get a fair salary?
From my direct experience, and talking to other people who have negotiated with Google, the only ways to get a good offer out of them is to either come from a FAANG or get a competing offer from one.
If it's going to make NYC a major engineering hub, on a similar scale as Mountain View, then it's a huge deal. If it's going to be mainly non-technical roles, then meh.
If NYC becomes a monoculture like SV than it truly is a big deal.
The only way to change it into as much of a monoculture as Silicon Valley would be to add tens of millions of tech workers, without adding any attendant employees to service industries. Not gonna happen.
This coupled with the Amazon news is starting to get distressing. With the amount of companies that copycat them it’s like the rich are getting richer and the economic benefits are still going to be concentrated only in the most affluent cities. The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them but it appears nobody can come up with a busines…
95% of Googlers in NYC will be lifetime renters just like they are in the Bay Area. Hardly the gilded class
Counterpoint: these jobs are increasingly meh and will not be impactful on the local economy. Lifetime comp (salary + retirement benefits) for Amazonians in Crystal City will probably be less than for comparable Federal workers. Google is like any other white collar business now - a small cadre of well paid execs surrounded by an army of people just doing ok. 80% of Googlers in NYC will probably have lower lifetime e…
Basically you depend on the local government to make good financial decisions (the fact that your pension is so high might be a counter-signal to that).
If you work in top tech companies and save enough, possibly with the option to relocate to cheaper areas when retired, you can have more ensured returns from investing judiciously in bonds/stocks.
Should you trust your own responsibility to manage finances or the local government you work for?
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> 80% of Googlers in NYC will probably have lower lifetime earnings than firefighters or cops once you factor in pensions No way. How much do you think Google entry level fresh graduate engineers earn in total compensation?
You will probably be retired for thirty years. Public employees are getting paid for those years, techies aren't. I have a relative who is retired CHP. $200k a year total retirement benefits. Show me a rank and file Googler who has that lined up. Typical techie trajectory will be maximum salary around age forty and then increasing irrelevance As I tell everyone in tech now - imagine 64. It's coming.
If it's going to make NYC a major engineering hub, on a similar scale as Mountain View, then it's a huge deal. If it's going to be mainly non-technical roles, then meh.
If NYC becomes a monoculture like SV than it truly is a big deal.
Earlier quoted context omitted.
Do you have any references for this? It definitely seems plausible and matches my (very limited) experience with a few friends that have joined Google, but I was wondering if you have any links. I guess you would have to accept joining with a lower salary, and then try to switch to another FANG company to get a fair salary?
Well, there's me. I passed their interview gauntlet, but their initial offer was well under what I currently make, and their second barely matched it. They also badly down-leveled me (which is partially my fault for not insisting on an L5 interview loop). From my direct experience, and talking to other people who have negotiated with Google, the only ways to get a good offer out of them is to either come from a FAANG…