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Salary Stream – Software Engineer Offers

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Re: Salary Stream – Software Engineer Offers

#51

Post by boring_twenties »

MuffinFlavored wrote: post #45
thorwasdfasdf wrote: post #40

Earlier quoted context omitted.

It's stronger than any other jobs out there. But yes, you're right even the very very highest of salaries doesn't compensate enough to buy a modest 4 million$ house. You'd have to be in your 20s and rent a room with plans to leave in less than 10 years or just don't have a family.

I'm just saying, it isn't hard to make $140k-$160k/yr in Iowa/Missouri as a remote software engineer. You just don't get your salary again in stock options :P

That's a hell of a "just," considering just 5 years of that could be close to enough to live the rest of your life in Iowa/Missouri without working another day.

Re: Salary Stream – Software Engineer Offers

#54

Post by eshyong »

mandeepj wrote: post #36

Salaries are a bit misleading on this page. Let's take LYFT's example - on landing page - salary is $420k but on inside page - it's $396k. What's the vesting period on those stocks? I'm almost sure it's not 1 year. And, that salary is for the first year. They will not be giving you $200k worth of shares every year or do they?

From what I heard, they only put the number of shares and an estimated value in the offer letter, so that amount is only accurate at the time they give the offer - since Lyft's shares have dropped in value it's probably worth significantly less now. Some companies give refreshers to compensate, but not sure if Lyft does.

Re: Salary Stream – Software Engineer Offers

#55

Post by prlambert »

mandeepj wrote: post #36

Salaries are a bit misleading on this page. Let's take LYFT's example - on landing page - salary is $420k but on inside page - it's $396k. What's the vesting period on those stocks? I'm almost sure it's not 1 year. And, that salary is for the first year. They will not be giving you $200k worth of shares every year or do they?

The headline number is annual total compensation. So yes, ~$200K of shares will vest every year. The normal deal is 4-year grant with even vesting (sometimes after a 1 year cliff), so in this case it would be an $800K equity grant over 4 years. Some places like Amazon and Netflix do it differently, but that's the standard.

They usually use the stock price on the day of the offer or the day you start or something similar. So in this example, if the stock price was $100 on the offer date, you would be granted 8000 RSUs on signing, vesting over 4 years. What they are actually worth on the day they vest depends on the stock market, which means each vesting usually results in a slightly different amount in actuality (even though the # of shares per vesting is constant).

Re: Salary Stream – Software Engineer Offers

#56

Post by Relys »

zuhayeer wrote: post #15

I’m from Levels.fyi, this is the second issue of Salary Stream - A digest of verified salaries sent weekly. Let me know if you have any questions! You can subscribe at https://www.levels.fyi/verified/

Your site helped me get a really nice compensation package for my current employer. I recommend it to all my friends and colleagues. Thanks! :)

Re: Salary Stream – Software Engineer Offers

#57

Post by interskh »

zuhayeer wrote: post #15

I’m from Levels.fyi, this is the second issue of Salary Stream - A digest of verified salaries sent weekly. Let me know if you have any questions! You can subscribe at https://www.levels.fyi/verified/

Thanks! Wonder if one can subscribe to multiple jobs at the same time?

Re: Salary Stream – Software Engineer Offers

#58

Post by twblalock »

thorwasdfasdf wrote: post #42

Wow, this is great. It's awesome to make that much money, but it'd be pretty hard to convince yourself to work hard enough for that stock and bonus when your marginal tax rate is over 40%.

> Wow, this is great. It's awesome to make that much money, but it'd be pretty hard to convince yourself to work hard enough for that stock and bonus when your marginal tax rate is over 40%.

I mean, it's still a lot of money and at a FAANG you'd be working less hard than someone at a startup while making twice as much money. (This is why it's hard for startups to hire people.)

Re: Salary Stream – Software Engineer Offers

#59

Post by DubiousPusher »

bradlys wrote: post #46
throwqwerty wrote: post #32

Earlier quoted context omitted.

>optimal solution in less than a minute you're interviewing wrong and i'm surprised that you haven't figured it out given 200 attempts. put yourself in the shoes of the interviewer - interviews aren't their main focus in the company and hence they're not invested in being excellent interviewers. they're most likely trying to do a good enough job such that it counts towards promotion and simultaneously not have a horr…

Considering I've received detailed feedback from maybe five interviewers - it's hard to decipher what the issue is. I've just tried to brute force my way through most of it since that's all you /can/ do when you get no feedback. If someone follows the routine you set out - I follow it very thoroughly. I know it well and it's what I used to practice for when I first started. Unfortunately, a lot of interviewers don't…

Yeah, I'm the opposite. I never get to the optimal solution in any interview. I've gotten multiple job offers from large well compensating tech firms and work for one now.

The main thing I do im interviews is be realy clear about how I'm engaging with the problem. And this is what I look for during an interview too. I almost never need the optimal solution in real work. n^2 on ten things is just as good as long(n) for many applications. So your ability to get me that perfect implemention is negligible.

But the thing I'm going to have to do every day is talk about a problem together, read your code, have you explain a solution to me.

I've worked with the 10xers writing code no one can touch and I've worked with an entire team of average coders who are using good methods and writing maintainable code and I'll take the later every damn day of the week.

Re: Salary Stream – Software Engineer Offers

#60

Post by foota »

gct wrote: post #18
foota wrote: post #11

Makes me wonder: will they reissue the offer based on how much Lyft stock has dropped?

Usually they specify the stock part in dollars, it doesn't turn into a concrete number of shares until after you start.

Yes, that's my point. It'll be much more shares than normal, and presuming the share price recovers (which it may not) these people will be much more highly compensated.
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