Silicon Valley stays on top as tech salaries climb across U.S.

Post by dmode » Thu, Mar 04, 2021, 5:08 AM UTC

darkwizard42 wrote: post #129

dmode wrote: post #124

Earlier quoted context omitted.

Quick question: does this account for recent massive stock price inflation ? My comp at one of these places matched what you have here early to mid last year, but since then has gone up quite a bit due to the stock market

Usually what will happen when a company's stock increases is that new offers have a lower # of stock units in the hiring grant. Basically, even if Google is worth $1.5T or $15T they don't change the "total compensation" value of the offer at hand. Ultimately, if you join and the stock goes up, congrats on your "free" raise!

Post by dmode » Thu, Mar 04, 2021, 5:18 AM UTC

mancerayder wrote: post #213

fwiwm2c wrote: post #70

These numbers are ridiculously low. Here is what a typical FAANG setup pays you in the bay area (Source: I have worked in a couple of them): IC5 Eng (~5 yrs exp): $350k/yr all in (cash+stock+bonus) IC6 Eng (~9 yrs exp): $550k/yr all in IC7 Eng (~12 yrs exp and you are exceptional): $800k/yr As you go from IC5 to IC7, your stock and bonus goes up (as expected). A typical IC7 will earn around $250k in cash, ~25% bonus…

I'd need to study math just to get a managerial job that doesn't use any of these math and academic skills. I'd need to answer questions like, how many marbles would it take to reach the moon. I'd be surrounded by aspie workaholics who rank low in creativity, high in analytical skills and are fully deficient in sense of humor. Literal-minded math nerds fronted by a smattering of HR people who portray the company as e…

Post by _2d30 » Thu, Mar 04, 2021, 5:27 AM UTC

lupire wrote: post #153

_2d30 wrote: post #134

Earlier quoted context omitted.

Ricardo is never referring to land in the use of housing, he's referring to land in the use of production. EDIT to expand given downvotes on prior post: You claim: > ...all the bounty of our efforts will accumulate to the holders of fixed assets, namely land and human talent. Ricardo says nothing of the sort here. Especially so, nothing about human talent. Ricardo strictly makes claim that the rent of land will be eq…

Quality of life is a form of production.

Post by zuhayeer » Thu, Mar 04, 2021, 5:44 AM UTC

bit_logic wrote: post #188

zuhayeer wrote: post #30

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/

https://www.levels.fyi/2020/ I need some help interpreting the location data. For example, if you click on Los Angeles, there's a bar chart with median and different percentiles. I assume this is across all engineer levels (I - V). But I'm interested in compensation for a level at a location. Going by years of experience, my level is Staff (IV) and the description notes that this is 10% of all engineers. Looking at t…

Post by [deleted] » Thu, Mar 04, 2021, 5:56 AM UTC

dmode wrote: post #223

mancerayder wrote: post #213

Earlier quoted context omitted.

I'd need to study math just to get a managerial job that doesn't use any of these math and academic skills. I'd need to answer questions like, how many marbles would it take to reach the moon. I'd be surrounded by aspie workaholics who rank low in creativity, high in analytical skills and are fully deficient in sense of humor. Literal-minded math nerds fronted by a smattering of HR people who portray the company as e…

Ok, I get it. You need to be contrarian and repeat some California is bad talking points. But let’s be honest, life in California is way better than NYC. Nobody sipping Russian river pinot while overlooking Lake Tahoe has said “I wish I was in NYC”