Fresh CS graduate wages down 20 percent
blogs.law.harvard.edu
Fresh CS graduate wages down 20 percent
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Re: Fresh CS graduate wages down 20 percent
#2I mis-read this as "French" CS graduate wages down 20 percent :)
Re: Fresh CS graduate wages down 20 percent
#3That's just one data point. I don't have any numbers, but this doesn't seem to be the case at the big software companies.
Re: Fresh CS graduate wages down 20 percent
#4I mis-read this as "French" CS graduate wages down 20 percent :)
same here
Re: Fresh CS graduate wages down 20 percent
#5Hi guys, I want to know how much exactly do fresh CS graduate(B.Sc) gets in US nowadays?
I'm based in Japan, and we will get 2147 USD(200k yen) for base salary only no matter how good you are. It seems very cheap :( since the high living cost here. The yearly bonus is about 4~5 months of base salary, but you don't usually get it unless you are really recognized by the management team.
EDIT: I must say, this is also the same for big companies like IBM Japan, SAP, etc.
Re: Fresh CS graduate wages down 20 percent
#6I wouldn't put much weight on this.. it's a 3 sentence blog post without much backing.
Re: Fresh CS graduate wages down 20 percent
#7Hi guys, I want to know how much exactly do fresh CS graduate(B.Sc) gets in US nowadays? I'm based in Japan, and we will get 2147 USD(200k yen) for base salary only no matter how good you are. It seems very cheap :( since the high living cost here. The yearly bonus is about 4~5 months of base salary, but you don't usually get it unless you are really recognized by the management team. EDIT: I must say, this is also t…
It varies greatly on skill/pedigree (the two often, but not always, correlate). If you are poor to average you'll start at $50K-70k/year. If you're average to good you'll start at 70k-90k, and 90k+ if you're particularly good (about 150K is the maximum I've heard of, and that's more in modeling or quantitative development than straight programming). About a 10% bonus is normal in my experience, but that obviously varies based on skill/industry. There is also some give based on what sort of company/industry you want (e.g., I personally know someone who just this week turned down a six figure offer at a hedge fund for ~20k less doing AI research).
Those numbers are for a programmer in/near big cities (Boston, Silicon Valley, NY, etc). Revise them down ~10% for more rural/suburban areas (but it's harder to find work beyond code-monkey level at all in many of those places). And all this is based on my anecdotal experience, so figure there is likely some selection bias.
In my experience, between federal and state income taxes, FICA, and sales tax you'll lose ~50% of your of your income to the government. And we have to save for our own retirement (we expect nothing from social security) and our kids' college education (currently ~15k-30K/year tuition).
How are your taxes/retirement/etc in Japan?
Re: Fresh CS graduate wages down 20 percent
#8Hi guys, I want to know how much exactly do fresh CS graduate(B.Sc) gets in US nowadays? I'm based in Japan, and we will get 2147 USD(200k yen) for base salary only no matter how good you are. It seems very cheap :( since the high living cost here. The yearly bonus is about 4~5 months of base salary, but you don't usually get it unless you are really recognized by the management team. EDIT: I must say, this is also t…
It varies greatly on skill/pedigree (the two often, but not always, correlate). If you are poor to average you'll start at $50K-70k/year. If you're average to good you'll start at 70k-90k, and 90k+ if you're particularly good (about 150K is the maximum I've heard of, and that's more in modeling or quantitative development than straight programming). About a 10% bonus is normal in my experience, but that obviously var…
+1 sounds about right. My offers were 80k to 120k. (I'd say I went to a pretty decent university, but I wasn't too amazing.) There is massive massive variance based on the kind of position you are talking about.
I would say your numbers seem about right, though with the caveat that CS graduates can end up doing all sorts of things from IT-gruntwork-level tasks to rank and file software engineers, all the way to, yes, quants who are offered lots and lots of money.
Re: Fresh CS graduate wages down 20 percent
#9Hi guys, I want to know how much exactly do fresh CS graduate(B.Sc) gets in US nowadays? I'm based in Japan, and we will get 2147 USD(200k yen) for base salary only no matter how good you are. It seems very cheap :( since the high living cost here. The yearly bonus is about 4~5 months of base salary, but you don't usually get it unless you are really recognized by the management team. EDIT: I must say, this is also t…
It varies greatly on skill/pedigree (the two often, but not always, correlate). If you are poor to average you'll start at $50K-70k/year. If you're average to good you'll start at 70k-90k, and 90k+ if you're particularly good (about 150K is the maximum I've heard of, and that's more in modeling or quantitative development than straight programming). About a 10% bonus is normal in my experience, but that obviously var…
The total effective tax-rate (national+municipal) in Japan for entry-level workers is under 20% unless you work a ridiculous amount of overtime, and even then it wont be much more. Unlike US jobs, most salaried positions in Japan pay overtime after the 40th hour.
Re: Fresh CS graduate wages down 20 percent
#10Hi guys, I want to know how much exactly do fresh CS graduate(B.Sc) gets in US nowadays? I'm based in Japan, and we will get 2147 USD(200k yen) for base salary only no matter how good you are. It seems very cheap :( since the high living cost here. The yearly bonus is about 4~5 months of base salary, but you don't usually get it unless you are really recognized by the management team. EDIT: I must say, this is also t…
It varies greatly on skill/pedigree (the two often, but not always, correlate). If you are poor to average you'll start at $50K-70k/year. If you're average to good you'll start at 70k-90k, and 90k+ if you're particularly good (about 150K is the maximum I've heard of, and that's more in modeling or quantitative development than straight programming). About a 10% bonus is normal in my experience, but that obviously var…
Thanks. If I read your comment right, poor to average programmers in big cities will get $40k~/year after taxes, etc. Hmm... I guess it's not so different after all, I was thinking fresh programmers're getting $70k/year after taxes.
In my experience (I'm still in univ. but got some offers from companies), we will get base salary: $2k ~ 2.5k/month after taxes etc, plus apartment(simple one) and transport fee. The yearly bonus is 5 times of base salary, but usually we get only 4 times. This is from fairly big Japanese company, slightly lower than SONY or HONDA. The job being talked is core software development at company's main business. Too bad we don't have 401k plan like in other countries.
I went to Deutsche Bank last year, and it's alot different. We'll get $64k/year after tax, almost no yearly bonus and small allowance for apartment. The job being talked is the usual software development for desktop products.