> "At WilmerHale 1st year counsel makes $350,000. The 24 year old 1st year summer associate still in law school walks into the office in a $1,500 Burberry suit and makes $202,500 that year. Those Amazon workers they swindled out of higher wages make less than $30,000 a year." The 200k figure is for a first-year associate who has graduated and passed the bar exam [1]. It's interesting to me that you can only hope to c…
The majority of SWEs at FAANG companies do not make that. Depending on company and location, they might get a sign-on stock grant that could theoretically get them approaching that, but that doesn’t take into account vesting schedules and cliffs. It’s assuming a best-case scenario and certainly not “the majority.” And even then, a new hire low level SWE straight out of college isn’t often going to get a $500k stock g…
However, you're not comparing apples to apples. The pools of students who are targeted for FAANG or top law firm recruitment go to the same universities. People who would be able to get through law school and get an offer from a top firm can get a solid FAANG offer. I believe that those students get > $200k total comp offers from FAANG right out of college.
Vesting cliffs have been replaced with immediate monthly vesting at many companies, including at least two FAANGs, making that part of your package as similar to cash as stock compensation can get.
I agree that Levels has a data problem: sometimes people report numbers from W-2s (counting stock appreciation), sometimes they report offer letter numbers. Moreover, the numbers there suffer from selection bias; people with high numbers are more likely to report them.
But let me offer some anecdotal evidence: everyone on my team and sister teams received > 200k offers right out of college; we are generalist SWEs at a FAANG. Same for all my friends at similar companies.