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Top Paying Tech Companies by SWE Level

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Re: Top Paying Tech Companies by SWE Level

#3
I do the job of a senior engineer and yet am paid a bit less than what's listed for an entry level engineer. And I live an incredibly comfy life. What's the catch? Are these for more than 40 hours a week? Is silicon valley really that expensive? Or are they literally giving college grads enough money to retire by 35?

Re: Top Paying Tech Companies by SWE Level

#6

I do the job of a senior engineer and yet am paid a bit less than what's listed for an entry level engineer. And I live an incredibly comfy life. What's the catch? Are these for more than 40 hours a week? Is silicon valley really that expensive? Or are they literally giving college grads enough money to retire by 35?

There is not necessarily a catch. Pay is not based on cost of living -- it's set by market rates, and the market rate for software engineers in these areas who can do the jobs required at these companies is high. All these companies operate at an immense scale where an engineer, through what is often a simple change, can add significant value to the company.

So, yes. For now, these companies are giving college grads enough money to retire by 35 (assuming the college grads are halfway financially savvy).

Source: I am a recent college grad at a FAANG.

Re: Top Paying Tech Companies by SWE Level

#7

I do the job of a senior engineer and yet am paid a bit less than what's listed for an entry level engineer. And I live an incredibly comfy life. What's the catch? Are these for more than 40 hours a week? Is silicon valley really that expensive? Or are they literally giving college grads enough money to retire by 35?

[deleted]

Re: Top Paying Tech Companies by SWE Level

#10
post #6

I do the job of a senior engineer and yet am paid a bit less than what's listed for an entry level engineer. And I live an incredibly comfy life. What's the catch? Are these for more than 40 hours a week? Is silicon valley really that expensive? Or are they literally giving college grads enough money to retire by 35?

There is not necessarily a catch. Pay is not based on cost of living -- it's set by market rates, and the market rate for software engineers in these areas who can do the jobs required at these companies is high. All these companies operate at an immense scale where an engineer, through what is often a simple change, can add significant value to the company. So, yes. For now, these companies are giving college grads…

A senior position in the doc will probably get you ~2M in savings by 35. How do you retire with that?
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