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Top Paying Tech Companies by SWE Level

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Re: Top Paying Tech Companies by SWE Level

#511
post #171

As a FAANG engineer going on 9 years now, let me address the usual rebuttals: - There is a selection bias. Nope, this is pretty much accurate. - These aren't real. Yes, yes they are. - Self-reporters are lying. Maybe some do but these numbers are pretty accurate. If anything, I question Lyft and Airbnb as such outliers. I wonder if this factored in Lyft's post-IPO stock performance and makes unrealistic valuations of…

100% agree - I joined a FAANG company 2.5 years ago and was given a $280k package as a mid-level. After two annual review cycles, I currently make $318k. My initial RSU grant is about to hit double what it was ($105k initially), and my refresh RSU grants are close to hitting 50% above their initial value (two grants of $125k) still as a mid-level. Benefits like 401k matching and ESPP stock purchasing also push up eff…

> Unlimited time off is bullshit. Think of this as no time off.

I'm so tired of hearing this. I think there are some professions/job levels where that is true (client facing jobs or higher up managers), but for most non-management development jobs, this just isn't the case. I've worked at three different companies that have had unlimited time off (I seek it out now) and I have plenty of friends who have worked at companies that have unlimited time off as well.

I've had a few friends work at companies where "unlimited time off" = "no time off", but those are the exception not the rule, in my experience (and usually down to a bad manager somewhere in the chain of command).

I've been at my new company 6 months and have already taken 4 1/2 weeks off. I had a friend take 6 weeks off to backpack through Europe. Two companies ago I took off the entire month of September one year. I'm convinced people who say "Unlimited time off is bullshit" are just bad communicators.

If are at a company that has unlimited time off and actually want to use it beyond just a few days a year, here's my tips:

- Get your work done. Above all else, when you are in office, get your shit done. You want your manager to trust you and be able to justify your job if someone higher up goes "why are we paying someone who isn't even here".

- Be aware of your teams workload. Don't try and take a month off two weeks before you're about to ship a mission critical piece of feature.

- Communicate with your manager/PM/team early and often. If you want to take a month off, let everyone know a few months in advance. Planning is usually done quarterly. Letting your boss know you are going to be gone for a month allows them to only schedule two months of work for you instead of three. Additionally, remind them occasionally that you are going to be gone (I usually bring it up every other one on one)

- Before you go, make sure your work is wrapped up or handed off to someone else. Don't start a task and then disappear for a month.

- If possible, leave a "how and when I'm reachable". You don't need to always be working or even online, but seeming available (even if you're not needed) does a lot to calm nerves. Things like leaving a phone number where you can be reached incase of emergency, listing dates where you will be 100% unreachable, and checking email or slack occasionally for high priority things (I tend to do this while I'm sitting in the airport) make things so much easier for managers.

I know a lot of this seems like common sense, but so people get it wrong and then complain when they get reprimanded because they didn't do it.

If you provide value when you're at work and make sure you leaving causes as few disruptions as possible, taking large portions of "unlimited vacation" is totally possible.

Re: Top Paying Tech Companies by SWE Level

#512

Earlier quoted context omitted.

Almost nobody walks to work at the Silicon Valley tech company campuses - they are mostly suburban office parks surrounded by parking, so you'd have to walk pretty far. Lots of people bike though. There are plenty of people that walk to work in SF itself, and walking to work in San Jose will probably become more popular as the various new office buildings around Diridon start to open. If you highly value walking to w…

Here's a 2 bedroom less than 10 mins away from Google for $1.2M: https://streeteasy.com/building/marais-coop/10b

900sqft. I like my space.

Re: Top Paying Tech Companies by SWE Level

#513

Earlier quoted context omitted.

Looking at this (hopefully someone can find longer-term data), the number of CS graduates was in decline until 2009. https://i1.wp.com/danwang.co/wp-content/uploads/2017/05/bach...

There was a peak in the mid-80s, and another around 2005. CS enrollments reached a max around 2000, at the height of the dot-com bubble. But when the bubble burst in 2000-2001, enrollments plummeted in 2002, 2003 and 2004, leading to the local minimum in graduates in 2009. https://cs.stanford.edu/people/eroberts/CSCapacity/images/BS...

I'm getting a bit of a dot-com feeling around these compensation figures, especially seeing the sign up bonuses and how tangible stocks are considered as normal compensation now. The FAANGs remind me a bit of Microsoft, Cisco and Intel before their y2k peaks.

Re: Top Paying Tech Companies by SWE Level

#514

When you look at top pay by region I'm really surpised to see such a small difference between SF and Pitsburgh. Considering the insance COL here in the bay area, I would expect bay area to pay at least 3 times more than pistburgh. as far I can tell SF and Palo alto are vastly vastly underpaid and the likes of Pitsburgh are extremely overpaid.

I think the numbers seen here for Pittsburgh miss a big part of the picture. There are only a handful of big tech companies with offices there and they employ a comparatively small number of engineers. Most engineers in Pittsburgh are not working at those companies and do get paid 4x less. These are pretty much dedicated AI offices that recruit from CMU and are companies that don't adjust pay much between locations

Re: Top Paying Tech Companies by SWE Level

#515
Curiously, even though this story has far too many points and comments, and is even very fresh, it has been booted from the front page and is right now at number 48.

Stats on the story:

Points: 622, Comments: 489, Time: 16 hours ago

The frontpage has a story on Knuth, with similar freshness but much lesser comments and points.

Re: Top Paying Tech Companies by SWE Level

#516

It makes me feel bad how many people see these figures and immediately start trying to find ways to rationalize why they must be overstated. Aside from some of these companies not being public (so those RSUs are not very liquid) or backloading vesting, they’re pretty accurate IME. The main thing I would point out is that the years of experience guideline is a bit optimistic. Many engineers get downleveled moving into…

some of it could be jealousy and envy since most SWE won't get to ever work at a FAANG. FAANGs higher the best, and if you've failed at getting highered by a FANG then you probably won't like seeing all these great figures.

hired*

But yeah.

Re: Top Paying Tech Companies by SWE Level

#517
post #171

As a FAANG engineer going on 9 years now, let me address the usual rebuttals: - There is a selection bias. Nope, this is pretty much accurate. - These aren't real. Yes, yes they are. - Self-reporters are lying. Maybe some do but these numbers are pretty accurate. If anything, I question Lyft and Airbnb as such outliers. I wonder if this factored in Lyft's post-IPO stock performance and makes unrealistic valuations of…

> The gold standard is probably Kaiser for CA residents. I love your post but I almost shat myself when I read this. Kaiser is convenient but not top ranked in much. The gold standard is a PPO that lets you go anywhere (else) you like incl. top specialists + a membership primary care network like OneMedical for convenience. (By the way, I support Medicare4All. Good healthcare shouldn’t just be for wealthy FAANG engin…

Kaiser is awful. Sutter and Palo Alto Medical Foundation IME are far superior. I've used these 3 systems.

Re: Top Paying Tech Companies by SWE Level

#518
post #190

What I find completely demotivating is working for a FAANG in Europe, and seeing the massive disparity between US colleagues. You can argue cost of living is different, healthcare is public blablabla, but recruiters have told me straight out: we dont adjust for cost of living, we adjust for market rate. Therefore they dont give a rats ass about how much it costs to live in a specific country, they just pay based on t…

>but recruiters have told me straight out: we dont adjust for cost of living, we adjust for market rate

Isn't that how it should be?

Re: Top Paying Tech Companies by SWE Level

#519
post #479

Earlier quoted context omitted.

> From what I can tell, Zurich beats the Bay Area. Yes, with the similar salaries and a 1:1 exchange rate between CHF and USD and the only tax is the Cantonal tax of 13% vs 50% for Bay Area, it makes Zurich way far ahead. The offices in Zug down the street get only 7% tax. And healthcare is free, but its a negligible concern at these compensation ranges. It just shows how the American arguments fall apart, since most…

Basically everything you wrote is incorrect. - It's not just the cantonal tax; you've ignored the federal and municipal taxes. - The location of the office isn't what matters, but where you live. - Healthcare definitely isn't free. Everyone is legally obligated to buy private health insurance.

Thanks for the summary, makes me wonder if I would live in Zug and work in Zurich.

Re: Top Paying Tech Companies by SWE Level

#520

Earlier quoted context omitted.

So? Not everyone is brainwashed by their banal suburban upbringing into thinking that home ownership is the highest state of enlightenment a human can achieve. I can afford to buy a place outright in cash but I still rent because I like the flexibility and have no interest in betting a large fraction of my net worth on the direction of real estate prices.

Home ownership is the strongest correlating factor with financial independence and overall net worth. Even in the Bay Area, owning a home and the equity in it is generally the most critical asset financially independent people have. I'm not going to claim renting is universally bad, as it has some upsides (mainly flexibility), but it's definitely financially less savvy than buying, and is generally something you woul…

You know whats an even stronger correlating factor? Having $400k liquid per year.

Homeownership is advertised as owning an extremely leveraged illiquid asset whose margin calls take years, which is the only reason why it works for people that don't have enough cash to be financially independent another way.

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