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For those outside Silicon Valley why might think, "you could live like a king with that kind of money", here is a potential home you are looking at ($2M, 1200 sqft, 7 rated schools): https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom...
What would have been a low 100s salary three years ago is easily pushing over 200k now.
This is all well and good except for when one of those folks tries to go to buy a house here and is outbid by 15 people all offering cash with 200k in escalation clauses...
One of the founders of Levels.fyi here – wish we were cited on here too! But we also did a pay report for 2020 with a breakdown of companies and locations which was covered in another IEEE post: https://spectrum.ieee.org/view-from-the-valley/at-work/tech-... In our report, we account for total compensation including equity. Feel free to check it out: https://levels.fyi/2020/
IMO, it's not useful to look solely at salaries. My salary and my compensation are radically different numbers. My salary is approximately $200k/year, but my compensation is closer to $650k this year. Most of the engineers I know view their salary as only part of the picture. I'm also a firm believer in sharing compensation numbers openly and transparently as a mechanism for increasing worker negotiating power. Talk…
Is the rest RSUs? Only a select few that work for big publicly traded companies get to benefit from those...
I cannot believe how high tech salaries are right now in my city (Seattle) versus even three years ago the last time I had a "real" job. What would have been a low 100s salary three years ago is easily pushing over 200k now. This is all well and good except for when one of those folks tries to go to buy a house here and is outbid by 15 people all offering cash with 200k in escalation clauses...
This is so misleading. In silicon valley total compensation is touching 400k+/year on an average for experienced professionals. They should've at least consulted something like levels.fyi before publishing and looking dumb.
Bay area comp is massively bimodal. FAANG tier folks are certainly making that much, but they are a tiny fraction of the market. Most senior devs at smaller companies and startups are making under $200k.
For those outside Silicon Valley why might think, "you could live like a king with that kind of money", here is a potential home you are looking at ($2M, 1200 sqft, 7 rated schools): https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom...
Somewhat visible in some of the outdoor photos: a railroad right-of-way is located directly behind this house , with at least two trains per hour from early morning until midnight.
Earlier quoted context omitted.
Honestly your site blows away the competition. AFAIK you have the best data. Great work and bravo on making compensation more transparent.
Agreed. I'm always shocked when I go to Glassdoor and see how wrong the compensation is.
IMO, it's not useful to look solely at salaries. My salary and my compensation are radically different numbers. My salary is approximately $200k/year, but my compensation is closer to $650k this year. Most of the engineers I know view their salary as only part of the picture. I'm also a firm believer in sharing compensation numbers openly and transparently as a mechanism for increasing worker negotiating power. Talk…
Is the rest RSUs? Only a select few that work for big publicly traded companies get to benefit from those...
One of the founders of Levels.fyi here – wish we were cited on here too! But we also did a pay report for 2020 with a breakdown of companies and locations which was covered in another IEEE post: https://spectrum.ieee.org/view-from-the-valley/at-work/tech-... In our report, we account for total compensation including equity. Feel free to check it out: https://levels.fyi/2020/