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Earnings Ceiling for Tech Professionals over 40

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Re: Earnings Ceiling for Tech Professionals over 40

#11

> In Hired’s findings, tech pros were never offered more than $149,000 annually. I don't know where they are getting their data but that's a lot lower than good developers of all ages make. You can see on https://levels.fyi that large tech companies will pay senior developers 200-400k routinely. I don't necessarily doubt the analysis but the data is very incomplete if they didn't see a single offer over $150k.

Googling "Senior Developer Salary" you'll see 120K +- 10K on average.

Re: Earnings Ceiling for Tech Professionals over 40

#12

> In Hired’s findings, tech pros were never offered more than $149,000 annually. I don't know where they are getting their data but that's a lot lower than good developers of all ages make. You can see on https://levels.fyi that large tech companies will pay senior developers 200-400k routinely. I don't necessarily doubt the analysis but the data is very incomplete if they didn't see a single offer over $150k.

Googling "Senior Developer Salary" you'll see 120K +- 10K on average.

https://www.levels.fyi/?compare=Google&track=Software%20Engi...

(the data in the actual link you're responding to, with actual level information)

$120k/year is what I'd expect someone with 2-3 years experience to be making at Google as a base, with anywhere from $35k-$80k additional in signing bonus and stock offerings. "Senior Software Engineer" means different things at different companies, but to me it indicates someone who is expected to lead IC for a team, who has at least 5-7 years of experience building software.

source: work at FANG company, have had exactly that offer with that experience level

Re: Earnings Ceiling for Tech Professionals over 40

#13

> In Hired’s findings, tech pros were never offered more than $149,000 annually. I don't know where they are getting their data but that's a lot lower than good developers of all ages make. You can see on https://levels.fyi that large tech companies will pay senior developers 200-400k routinely. I don't necessarily doubt the analysis but the data is very incomplete if they didn't see a single offer over $150k.

Those numbers are already pretty outrageous outside the US.

Re: Earnings Ceiling for Tech Professionals over 40

#14
post #3

Honest question: is this actually ageism or is it business cost-benefit analysis in action? You could argue that the benefit to the company of experience for a tech worker is only worth a maximum of X dollars. After that point, the company is better off hiring younger, cheaper employees with lower expectations than it is continuing to give raises, benefits, etc. to older workers. I would expect a salary plateau to be…

That's not an unreasonable view, but there's a big problem with how people measure the value of experience. The value of a younger programmer's work is relatively easy to measure. Not quite lines of code, but something reasonably close to it. As one's focus shifts - e.g. organizing, mentoring others, guiding technology choices, flagging code that works now but will break next year - those results become harder to mea…

I agree with you about the difference in the type of value older workers can bring to the table. Their roles can have a more cross-functional and broader impact. I don't think anyone would discount its value. (I'm in my 40s)

But another way to view this is through the lens of supply and demand. If there are over-supply of the roles that can only be filled by older workforce, then the pay will reflect that.

Re: Earnings Ceiling for Tech Professionals over 40

#15

No this is not ageism. After a certain point, if you are an individual contributor, your value is not worth more than someone with less experience. A developer with 10 years of varied experience can usually do just as well as someone with 20 years of experience. I also believe that the idea of the 10x developer while not a myth, is so rare it’s not worth trying to find for most companies. I speak as someone in my mid…

I think the number of years in your post is off a bit. In San Francisco, you become a senior engineer within 2 years, and after 5 years you're either expected to go into management, or retire to southeast Asia with your IPO money.

Re: Earnings Ceiling for Tech Professionals over 40

#16

No this is not ageism. After a certain point, if you are an individual contributor, your value is not worth more than someone with less experience. A developer with 10 years of varied experience can usually do just as well as someone with 20 years of experience. I also believe that the idea of the 10x developer while not a myth, is so rare it’s not worth trying to find for most companies. I speak as someone in my mid…

I think the number of years in your post is off a bit. In San Francisco, you become a senior engineer within 2 years, and after 5 years you're either expected to go into management, or retire to southeast Asia with your IPO money.

[deleted]

Re: Earnings Ceiling for Tech Professionals over 40

#18

No this is not ageism. After a certain point, if you are an individual contributor, your value is not worth more than someone with less experience. A developer with 10 years of varied experience can usually do just as well as someone with 20 years of experience. I also believe that the idea of the 10x developer while not a myth, is so rare it’s not worth trying to find for most companies. I speak as someone in my mid…

I think the number of years in your post is off a bit. In San Francisco, you become a senior engineer within 2 years, and after 5 years you're either expected to go into management, or retire to southeast Asia with your IPO money.

Your summary is a bit outdated, I believe. While there is definitely a ceiling as the above poster added, the last decade has had a LOT of effort in improving options for non-management IC development. The big companies are realizing there is value in keeping strong technical people in technical roles.

You still have to improve your so-called "soft" skills, improving communication up and down the chain, and it does involve a reduction in actual coding time, but you end up more of a code manager than a person manager.

None of which says there isn't a struggle, but the world is very different than when I had a manager told me I could never expect a decent job if I stayed in coding.

Re: Earnings Ceiling for Tech Professionals over 40

#19

> In Hired’s findings, tech pros were never offered more than $149,000 annually. I don't know where they are getting their data but that's a lot lower than good developers of all ages make. You can see on https://levels.fyi that large tech companies will pay senior developers 200-400k routinely. I don't necessarily doubt the analysis but the data is very incomplete if they didn't see a single offer over $150k.

Those numbers are already pretty outrageous outside the US.

They're also very high for most of the US outside large urban areas.

I'm approximately on par for my age cohort based on the article, and that's about 500% of the average yearly family income where I live.

Re: Earnings Ceiling for Tech Professionals over 40

#20
1. There are diminishing returns to experience within software development, as you get more experience there are fewer and fewer companies that have any use for those extra years of experience.

2. The perceived value of that extra experience is even lower. How many recruiters or even engineering managers can honestly claim to be able to leverage the last 5 years of experience from someone with 20+ years?

3. In most industries your salary stagnates much earlier than that unless you transition to a management role, and I think it is safe to say that developers are much less keen on taking that step than say bankers.

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