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My Salary Progression in Tech

georgestocker.com

321–330 of 631 posts

Re: My Salary Progression in Tech

#321
I graduated with a Bachelors in Computer Science in July 2017 in India. All amounts below are the fixed salary without any stock options or bonuses.

2017-2018 - $8k - Backend Dev for major eCommerce 2018-2019 - $10k - same role

Laid off due to downsizing in Nov 2018 with a healthy severance.

Dec 2018-2019 - $17k - Backend Dev for a logistics company

Re: My Salary Progression in Tech

#322

I see a lot of these crazy high salaries (there's nothing much higher than $150 for a sr dev around here on the east) are in SF area. Are these the exception FAANG salaries or are most companies paying such high salaries out there? It just blows my mind I can't imagine making such money as a dev and I've been doing this for a lot of years.

Median total compensation at FB is $240K and at Google $197K as per SEC filings. Folks with $1M figures are probably in top 3-5% in these companies. I would also add that if you are in bay area with $240K total comp and have family, your standard of living is probably not all that enviable. https://www.bizjournals.com/sanjose/news/2019/01/15/median-p...

This is misleading because it's reporting median compensation of all employees in the company.

Median compensation for software engineers at the HQ is higher.

Re: My Salary Progression in Tech

#323
post #32

Earlier quoted context omitted.

Whatcha doing now that you're a millionaire?

I’m working for myself. I’m exploring some ideas right now. My target is to have something on the market by around May, and then keep iterating/changing based on market feedback. Going to live off my savings until my work can cover my family’s expenses. I’m hoping that happens before I run out of savings.

How could you possibly run out of savings when you had that kind of income? Were you spending most of it? What is your monthly expense rate now? Perhaps you bought a multimillion dollar house?

Re: My Salary Progression in Tech

#324

My progression: 23 - 45K (University sysadmin, east coast) 26 - 60k (University research systems programmer, east coast) 31 - 65k (SWE, small IHV, remote) 32-42 -- incremental raises up to $145K (senior SWE, same company) 43 - 425k (Senior SWE, Google, Mountain View CA) 44 - 390k (Senior SWE, Google, Mountain View CA) 45 - 350k (Senior SWE, Netflix, Remote) 46 - 400k (Senior SWE, Netflix, Remote) 47 - 525k (Senior SW…

800k remote at Netflix?! Wow. Respect.

Re: My Salary Progression in Tech

#325
post #316

Earlier quoted context omitted.

> The larger tech companies in Melbourne and Sydney are giving $120k+ AUD total comp to grads Which larger tech companies? I'm self employed and have worked 100% remote for around 5 years, so am a bit out of touch. However, I have close friends in senior positions at major tech companies in Melbourne (REA, Xero etc.) and $120k for grads sadly does not align with what I've heard from them, closer to $70k (AUD) for a g…

> closer to $70k (AUD) for a grad seems to be the norm Which by all accounts is a fantastic wage for someone fresh out of Uni -- nothing to sneeze at. Don't get discouraged keep at it, you'll get there.

It's absolutely nothing to sneeze at when comparing yourself to the rest of Australian society. Certainly got to be thankful to be in the industry.

However, it's a surprisingly weak effort by Australian tech companies to attract high quality talent. My first full-time software development job, almost 10 years ago and without a degree, was $70k. That was at your run-of-the-mill medium sized enterprise consulting firm.

Re: My Salary Progression in Tech

#326
post #320

Earlier quoted context omitted.

I've never heard of those 18-19 London salaries. Woah! Finance though surely?

I have a few friends in London, contracting whilst working a Single Person Business (lacking the proper terminology). Super high wages £500 - £700 per day, whilst having an effective tax rate or 13%. Boom.

The effective tax rate is closer to 30%+ once you factor in corporation tax but the rest is correct. You incorporate a limited company and take a low salary and rest in dividends.

Though you'll get to higher tax brackets with that pretty quickly too, so will likely want to leave a fair share of revenue in the company (you still need to pay 20% corp tax on profit), or put it into your pension (tax relief on up to £40k/y).

Re: My Salary Progression in Tech

#327

* 2018 $1,155,000 * 2017 $1,259,000 Senior Staff Software Engineer * 2016 $661,000 time off 2015 $1,543,000 * 2014 $1,465,000 * 2013 $1,241,000 * 2012 $876,000 Threatened to quit, got a bunch of stock * 2011 $368,000 * 2010 $318,000 * 2009 $244,000 * 2008 $192,000 Staff Software Engineer * 2007 $167,000 * 2006 $165,000 * 2005 $157,000 Senior Softare Engineer, Norcal * 2004 $246,000 stock sale 2003 $80,000 * 2002 $76,…

Here's mine. Bay Area the entire time, and similar promotion history. Based on pretax W2 (hence, including all cash bonuses and stocks/options):

1999 65K

2000 86K

2001 90K

2002 107K

2003 101K

2004 110K

2005 117K

2006 166K

2007 223K

2008 226K

2009 256K

2010 269K

2011 310K

2012 356K

2013 588K

2014 518K

2015 532K

2016 792K

2017 1118K

2018 1278K

I think your retention stock made the biggest difference compared to mine. Maybe it's time for me to try threatening to quit :D

Re: My Salary Progression in Tech

#328

Throwaway account; I am currently in my late 30s. Graduated from Kansas University in 2008. 2008 to 2010 - $50K CTO/co-founder of a small company 2011 - $125K SDE II @ Amazon 2012 - $125K SDE II @ Amazon 2013 - $175K SDE III @ Amazon 2014 - $217K SDE III @ Amazon 2015 - $200K E5 @ Facebook 2016 - $500K E6 @ Facebook 2017 - $800K E7 @ Facebook 2018 - $1M E7 @ Facebook 2019 ~ $1.25M E7 @ Facebook

I really need to get these skills up to snuff and get my butt back to the US. These salaries are ridiculous.

Re: My Salary Progression in Tech

#330

East coast but not big city: 2018: $49k (first SE job) 2019: $52k (first raise!)

Aside from the year, that is so similar to my first SE job: East coast but not big city: 1999 $48k, 2000 $52k I suppose inflation has been mild. Showing up in the height of the Y2K/web frenzy sure helped. I got myself a nice embedded RTOS kernel developer job before even finishing my degree. Meanwhile, everybody else was running off to invent web development or repair COBOL. People graduating just a couple years late…

> I suppose inflation has been mild.

True, but 20 years is 20 years. 50k in 1999 corresponds to 75k in 2019.

http://www.in2013dollars.com/us/inflation/1999?amount=50000

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