131–140 of 547 posts
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I've been approached by headhunters for contract work at Intel. They want all kinds of machine learning knowledge & experience and the pay is.... $45/hr. I kid you not. I just sort of laugh and tell them that that's about 1/3 of market rate for that kind of thing.
$45/hr is about what I was paid as a grad-student intern at Apple ... 15 years ago.
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I can assure you you're an outlier (but delightfully so). I worked once for a company where I was doing a product for the iPad. I literally, could not get the company to buy the newest iPad for us to test on. The only iPad we had for development had a bad sensor and would throw errors constantly. One day, marketing brings me 12 new iPads because-- they want me to install a beta of the app on them, because they're goi…
And you quit on the spot, right?
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To play devil's advocate here: are any of those rules and procedures in place to prevent sales tactics that, while they might be successful, are also predatory?
We can write whatever story we want in between the details we were told... Maybe the salesman was secretly an FSB agent. Maybe he was an alien. Maybe he was Superman's alter-ego. It's not really conducive to communication to fill in the blanks like that, even though any person in someone else's work story could be one of Them walking among us... ;)
Just about every week I comb through my inbox unsubscribing from all the companies' mailing lists that I most certainly did not subscribe to.
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If it helps, all those MBA-bashing cool tech startups busy giving away a percentage of their revenue to Amazon, don't realise that AWS was the brain-child of a Harvard MBA.
Jassy didn't propose, code, or solely invent AWS in any way.
Happens on many levels though, it's not as if engineers don't get credit for team efforts.
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We can write whatever story we want in between the details we were told... Maybe the salesman was secretly an FSB agent. Maybe he was an alien. Maybe he was Superman's alter-ego. It's not really conducive to communication to fill in the blanks like that, even though any person in someone else's work story could be one of Them walking among us... ;)
Or maybe he employed more run-of-the-mill unsavoury techniques like low-level bribery (gifts, expensive wine-and-dine), plenty of shmoozing and the like. These techniques are not exactly useless in getting new business; however, most modern workplace rulebooks will consider them illegal/unethical.
I don't mean some trading-only companies like Cargill who have extra prostitues budgets (at least 5 years ago that was true, and with expensive alcohol parties was the only way to do any business in places like Russia or most 3rd world countries). I mean any kind of bigger corporation. Banks have it. Any kind of finance business does. You won't get far without it.
There are obviously rules, but often they go the other way - employees shouldn't accept bribes in forms of these gifts. But getting clients, that's a free for all, the winner takes all (and biggest bonus).
This is an encouraging move. My secondhand understanding was that Intel was losing top talent due to pressure to pay closer to median industry compensation. Top engineers recognized they were underpaid and left the company. I've been part of a similar downhill slide at a smaller company in the billion dollar revenue range. To be blunt, once the [mediocre] MBAs start realizing that the engineers are getting paid more…
It's weird for me to hear all these stories about MBAs. While I'm not an MBA myself, I was in investment banking and planned to get an MBA before I left finance and did something else instead. I regularly pay engineers more than I pay myself as a CEO (granted: I am not really interested in draining the company's coffers for my own benefit, since I have equity). It just seems obvious that, at the end of the day, so mu…
When they joined a company and realized that their graduate degree was not a guarantee that they'd be at the top of the payscale, they interpreted that as an error in the compensation structure.
The challenge is that many (though not all) MBA programs virtually promote this idea that an MBA is a key to unlocking the highest salaries. MBA program advertising material often implies that an MBA will have huge ROI and greatly increase their compensation. It can be a shock to land at dual-track companies and realize that compensation is a strict ordering according to credentials.
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I left Intel years ago to get almost 3x the salary as a software developer at... a bank. At Intel engineers are paid supposedly similar rates at similar levels and similar locations. And given my level (two levels above Senior Developer) I estimate I was paid better than at least 90% engineers. Where I worked in R&D the doors were constantly revolving and many people admitted they wait to register enough of prestigio…
I've been approached by headhunters for contract work at Intel. They want all kinds of machine learning knowledge & experience and the pay is.... $45/hr. I kid you not. I just sort of laugh and tell them that that's about 1/3 of market rate for that kind of thing.
Earlier quoted context omitted.
We can write whatever story we want in between the details we were told... Maybe the salesman was secretly an FSB agent. Maybe he was an alien. Maybe he was Superman's alter-ego. It's not really conducive to communication to fill in the blanks like that, even though any person in someone else's work story could be one of Them walking among us... ;)
Or maybe he employed more run-of-the-mill unsavoury techniques like low-level bribery (gifts, expensive wine-and-dine), plenty of shmoozing and the like. These techniques are not exactly useless in getting new business; however, most modern workplace rulebooks will consider them illegal/unethical.
This is an encouraging move. My secondhand understanding was that Intel was losing top talent due to pressure to pay closer to median industry compensation. Top engineers recognized they were underpaid and left the company. I've been part of a similar downhill slide at a smaller company in the billion dollar revenue range. To be blunt, once the [mediocre] MBAs start realizing that the engineers are getting paid more…
Remember, if you pay median, 1/2 the engineers are making more at other companies.