Interview with the creators of levels.fyi

Post by shitlord » Tue, Jun 18, 2019, 3:29 AM UTC

joshuamorton wrote: post #13

opportune wrote: post #12

Earlier quoted context omitted.

Yes but you do still need to think about vesting schedules. If you are at a company that doesn't do uniform vesting, then e.g. $400k stock/ 4 years might be more like $50k this year, $100k next two years, $150k the last year. Not sure how levels.fyi handles this but I would say that is not really the same as +$100k/year TC during your first year, given that people can change companies often, get promotions and refres…

Just as an FYI, my understanding is that Google, FB, and MS all offer 25% annual vesting with no cliff, the exact vesting schedule depends (for Google, for example, it depends on the exact grant, but a 400K grant would vest monthly). Amazon offers a 5/15/40/40 backloaded vesting schedule, but cash bonuses in years 1 and 2 to compensate (sort of).

Post by taurath » Tue, Jun 18, 2019, 3:43 AM UTC

scarface74 wrote: post #83

borski wrote: post #76

Earlier quoted context omitted.

I think your standards may be too high. That looks like a gorgeous home to me. To be fair, I will agree with you that most places in the Bay Area don't seem to have A/C, but that's also because it's not generally needed here except for a couple weeks a year. You could do what we did in NYC all the time: window A/C's.

That is kind of depressing. My wife would swear I was joking if I told her that we could rent a house for $3,000 more than our mortgage that was less than half size and looks like something built in the 70s. And people on HN wonder why software engineers living in other major cities in the US have no interest in going to the west coast.

Post by opportune » Tue, Jun 18, 2019, 3:45 AM UTC

joshuamorton wrote: post #13

opportune wrote: post #12

Earlier quoted context omitted.

Yes but you do still need to think about vesting schedules. If you are at a company that doesn't do uniform vesting, then e.g. $400k stock/ 4 years might be more like $50k this year, $100k next two years, $150k the last year. Not sure how levels.fyi handles this but I would say that is not really the same as +$100k/year TC during your first year, given that people can change companies often, get promotions and refres…

Just as an FYI, my understanding is that Google, FB, and MS all offer 25% annual vesting with no cliff, the exact vesting schedule depends (for Google, for example, it depends on the exact grant, but a 400K grant would vest monthly). Amazon offers a 5/15/40/40 backloaded vesting schedule, but cash bonuses in years 1 and 2 to compensate (sort of).

Post by mkoryak » Tue, Jun 18, 2019, 3:55 AM UTC

enahs-sf wrote: post #80

mangotrees wrote: post #33

Earlier quoted context omitted.

I'm in management at a FAANG company. Total comp for my college hires averages around $150k. Total comp for my career level ICs averages a smidge over $200k. My top 10% have total comp in the $350k neighborhood. The very few folks who are at the staff/principal range (depending on which companies titles you're using) are taking home $500-800k (mostly in stock). If we consider attrition, it's probably only 1 in 150 of…

So the question for me as an engineer becomes, do I grind it out at a FAANG company and try to be one of those level 7’s OR do I roll the dice on the startup? My intuition is that the former has a better outcome on average. Seems pretty rare to become staff/principal/whatever at a big co and based on the data from levels.fyi, you gotta be pretty far along in your career.

Post by yibg » Tue, Jun 18, 2019, 4:14 AM UTC

bradlys wrote: post #29

Facebook and Google are only setting the pay standard among other well paying public companies. The rest of the valley isn't keeping up. Startups in particular feel like slowly ramped up in pay but capped out. They're not offering enough stock to make up for it either. Usually only enough to make it such that your TC at startup would be equal to that of a big company IF the company IPO's/sells. (A big IF!) I don't se…