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Poll: Full-time software engineers in the Bay Area, what's your annual salary?

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91–100 of 349 posts

Re: Poll: Full-time software engineers in the Bay Area, what's your annual salary?

#93
post #65

Earlier quoted context omitted.

"Lifechanging" only if you win the startup lottery. 95% of YC startups fail.

37 / 511 (7.25%) are worth greater than $40MM, and that doesn't take into account that many are too young to be decided yet [1]. Not sure if that confirms or refutes your comment (were you being cheeky?), but at least it's a source rather than a statistic without evidence. [1] http://techcrunch.com/2013/05/26/paul-graham-37-y-combinator...

0.05% of $40MM is $20k, which is not "Lifechanging".

Re: Poll: Full-time software engineers in the Bay Area, what's your annual salary?

#94
For everyone in the Bay Area and the rest of California, the minimum legal salary (with exceptions) for software developers is ~$81k. It is likely if you are being paid less for full time software development that you are not being paid enough.

I'm not a lawyer, but googlefu: http://www.morganlewis.com/index.cfm/fuseaction/publication....

Re: Poll: Full-time software engineers in the Bay Area, what's your annual salary?

#97
post #28

It seems silly to ignore stock and bonuses. My base salary is only ~$150k, but with stock and bonuses I'll make over $260k this year (Google). Would this compare with a job that also gives a $150k salary but nothing else?

Congrats! That sounds like a great compensation package. I'm just trying to understand though how does tax effect the overall amount that you eventually earn ? Does it come down by 35% or 40% or does it depend on when you decide to cash out your capital gains (for the stock part..) ?

Stock grants are taxed as ordinary income, based on market price (or estimated value, for pre-IPO) on the day of vest.

Re: Poll: Full-time software engineers in the Bay Area, what's your annual salary?

#98

It seems silly to ignore stock and bonuses. My base salary is only ~$150k, but with stock and bonuses I'll make over $260k this year (Google). Would this compare with a job that also gives a $150k salary but nothing else?

My base salary is $220k; this year my bonus plus equity will be around $200k, so my total compensation will be over $400k. I've been out for a number of years, and the bonus plus stock is performance based, and of course the value of the stock compensation may change depending on the future direction of Google stock --- it's climbed very nicely since the beginning of the year! The main point is that ignoring the stoc…

[deleted]

Re: Poll: Full-time software engineers in the Bay Area, what's your annual salary?

#99
post #17

It seems silly to ignore stock and bonuses. My base salary is only ~$150k, but with stock and bonuses I'll make over $260k this year (Google). Would this compare with a job that also gives a $150k salary but nothing else?

I was trying to avoid people voting based on "fun bucks" from startups eager to promise you the world. Maybe in future polls it could say "liquid" compensation only, instead of base? Liquid assets would mean cash, or even shares traded on the open market. Thing is, other polls included non-base compensation, and the opposite argument gets brought up. But yeah, let's try liquid next time. Also: this is exactly the cla…

Startups have a well-documented value based on financing they have raised. They have x% stake, and some investors have paid y% for a z% stake. The mystery is simply in the volatility of future value.

Second market tradable shares and public company shares are easily valued. Anything else has an average value of <$10K, based on a sampling of actual new-startup performance.

Re: Poll: Full-time software engineers in the Bay Area, what's your annual salary?

#100
post #16

Earlier quoted context omitted.

Agreed. Consider: those who don't read HN are probably worse engineers that earn lower salaries, on average.

On a touch screen, so I accidentally upvoted you. Your comment perfectly embodies everything I hate about the Bay Area, and recently HN. The smugness seems very ignorant; so many people have convinced themselves that they are smarter than the rest of the world. I'm sick of the culture of Silicon Valley.

Related: 90% of people think they are smarter than average.

Inference: 90% of engineers probably think they are smarter than average engineers

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