84% of Waterloo Software Engineering undergrads move to the US upon graduation
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Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#2As a person who's had the pleasure of working with many who've worked hard to build excellent products and thus raise all our incomes and stocks, you are welcome.
I understand this is not great for Canada but as an American I cannot complain.
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#3Gotta pay more money to keep the talent. This isn't rocket science.
The crazy thing is Canada has so many advantages that should make paying higher salaries easier. University is cheaper, so people don't have as much (or any) student debt. Healthcare is cheaper for companies to provide - since they generally only have to offer supplemental coverage. And so on.
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#4As someone who graduated from Computer Science at Waterloo, this is common for anyone with the ability to do so. Pay is not competitive in Canada, and contrary to the common refrain here, taxes/rent/general CoL does NOT make up for this, not even close.
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#5It's not too surprising. They pay is better and there are more opportunities for more interesting work. I didn't go to Waterloo, but I've met a number of other Canadians who, not unlike myself, made the move south. That being said I do miss living in Canada sometimes, just not enough to take a two thirds paycut.
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#6Could it be that a lot of these young, bright folks would just rather live in the US, and getting a valuable degree enabled them to do what they've wanted to do for some time?
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#7Gotta pay more money to keep the talent. This isn't rocket science. The crazy thing is Canada has so many advantages that should make paying higher salaries easier. University is cheaper, so people don't have as much (or any) student debt. Healthcare is cheaper for companies to provide - since they generally only have to offer supplemental coverage. And so on.
American firms tend to have much higher quality corporate management than their Canadian counterparts.[1] To be profitable at FAAMG salaries requires leveraging your engineers to achieve very high levels of productivity and execution. That's generally not possible without management that consistently adheres to best practices.
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#8Gotta pay more money to keep the talent. This isn't rocket science. The crazy thing is Canada has so many advantages that should make paying higher salaries easier. University is cheaper, so people don't have as much (or any) student debt. Healthcare is cheaper for companies to provide - since they generally only have to offer supplemental coverage. And so on.
But aren’t those things cheaper because there are more taxes? And more taxes mean less salary?
Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#9Gotta pay more money to keep the talent. This isn't rocket science. The crazy thing is Canada has so many advantages that should make paying higher salaries easier. University is cheaper, so people don't have as much (or any) student debt. Healthcare is cheaper for companies to provide - since they generally only have to offer supplemental coverage. And so on.
But aren’t those things cheaper because there are more taxes? And more taxes mean less salary?
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Re: 84% of Waterloo Software Engineering undergrads move to the US upon graduation
#10Why are SWEs paid so much less in Canada vs US?