Live data from Hacker News

Tech compensation in 2021

jacobian.org

121–130 of 631 posts

Re: Tech compensation in 2021

#121
post #39

Co-Founder of Levels.fyi here. As Jacob points out, the market is extremely hot right now. It feels like salaries are inching up slightly each month. We're working on improving how numbers are updated and working on weighing recent salaries more heavily. Would really encourage everyone to submit their compensation on the site. We also have some relevant discussions with recruiters from FANG type companies on our team…

levels.fyi is a great resource, thanks for putting the time in to build it.

Re: Tech compensation in 2021

#122

How many people go into programming now simply for the money? More than 70%? What percentage of programmers would still be programmers if competitive salary was not a concern in life, and people were free to simply pursue their passions?

i think if people can afford houses in alot of these areas, the competition to keep increasing tc no matter what will lower.

Re: Tech compensation in 2021

#123

20 years experience, two books under my belt, and lead architect (with a CTO title) on several good sized projects and most I have ever gotten in $175k... every time I see an article like this, I think I am doing something "very wrong" I live about 40 miles outside of Boston. Edit: Looking at levels.fyi for Boston that actually puts me above the median[1]. Why the heck is Boston so low compared to other markets? Edit…

Boston has a lot of robotics which seems to pay less for some reason (less profitable? Can't scale as cheaply?) and biotech which pays less. That could be one cause.

it’s easier to offshore

why? i don’t know, it’s definitely not any easier work. but it’s reflected in the comp

Re: Tech compensation in 2021

#124
post #24
post #15

Man, every time I think I’ve finally caught up to the market rate, I find out I’m behind again I’m a senior FAANG coder making 350k TC, and it looks like I should be able to net 400-600k at this level if I go to Apple or Google. Hoo boy, looks like it’s leetcode time again…

Yeah I know a lot of FAANG people getting 500-600K packages. Makes it hard to even think about startups.

I see these mind boggling sums in the Valley, $300.000, $600.000, can you please translate: how much does that net you per month, after taxes, reasonable healthcare and rent, ideally no further than 1 hour commute and free of black mold?

Re: Tech compensation in 2021

#125

Earlier quoted context omitted.

Facebook seems to be aggressively searching for remote workers outside of the US if my inbox is any indication. I imagine others in the US are too.

How does that work with the recent 'they need to return to the office' + anyone remotely working for Facebook outside the US will never make hundreds of thousands as a developer.

Facebook announced they would allow all employees to work remotely a few months ago. Pay is location-adjusted.

Re: Tech compensation in 2021

#126
post #24

Earlier quoted context omitted.

Yeah I know a lot of FAANG people getting 500-600K packages. Makes it hard to even think about startups.

What the... s%&#? Half a million a year for a developer or architect is bonkers. That's the equivalent of AUD 800K a year. That's more than what the Prime Minister and a cabinet member put together make here! How can that possibly make sense? For that kind of money you can easily hire 4 senior developers here! Any company "hiring local" at those prices isn't exploring their international staffing options properly...

Yeah except the PM and cabinet minister's will pull in 20x later on some board or w/ lobbyists they've been friendly with. That's their stock I suppose.

Re: Tech compensation in 2021

#127

Earlier quoted context omitted.

Either contracting, or alternatively, consulting. Companies like Cambridge Consulting and et al (please correct me if I'm wrong, I only know this through word of mouth) earn more in line with our US counterparts supposedly. Additionally, our country is much more focused on financial services. You can make 2-3x the average engineer salary there. The rest of the market seem content paying far below, and also content ha…

I wouldn't say more in line necessarily, unless you work at the big banks in a profit center. Contractors can make anywhere from £300 to about £750 a day unless they land on an extremely profitable niche, which is great money for the UK but not the kind of insane rates SV engineers can get. Of course, cost of living is lower too, especially up north where I am.

What would be an example of extremely profitable niches? Just curious as I live in London and wanna up my salary.

Re: Tech compensation in 2021

#128

20 years experience, two books under my belt, and lead architect (with a CTO title) on several good sized projects and most I have ever gotten in $175k... every time I see an article like this, I think I am doing something "very wrong" I live about 40 miles outside of Boston. Edit: Looking at levels.fyi for Boston that actually puts me above the median[1]. Why the heck is Boston so low compared to other markets? Edit…

Boston has a lot of robotics which seems to pay less for some reason (less profitable? Can't scale as cheaply?) and biotech which pays less. That could be one cause.

It's harder to transfer on robotics and biotech as ramping up a projects takes a long time and there's a lot of bespoke tooling. In my experience the jobs that pay the most are where engineers can switch and quickly be productive, as the main force actually driving salaries up are people quitting for a higher pay. The company hiring you for more than average needs you to be productive quickly.

Re: Tech compensation in 2021

#130
post #15

Man, every time I think I’ve finally caught up to the market rate, I find out I’m behind again I’m a senior FAANG coder making 350k TC, and it looks like I should be able to net 400-600k at this level if I go to Apple or Google. Hoo boy, looks like it’s leetcode time again…

> I should be able to net 400-600k at this level if I go to Apple or Google. Hoo boy, looks like it’s leetcode time again

I hate studying leetcode just for these interviews, but with these numbers it seems foolish to not put myself through hell...

Post reply on HN