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Tech compensation in 2021

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Re: Tech compensation in 2021

#141

Post by hnxs »

websap wrote: post #25
zz865 wrote: post #6

> Chris can expect to make $300k at a non-FAANG company, but nearly double that if they’re willing to compromise on that “no-FAANG” stance Is that really a good rule of thumb? FAANG pays double non-FAANG?

I think there are many other companies now paying or exceeding FAANG. Some of them are - Stripe, Databricks, Coinbase, Dropbox, Uber, Lyft, Twitter (to some extent), DoorDash, Airbnb, etc We no longer live in a FAANG only world. FAANG companies are now trying exceptionally hard to hire talent. A lot of the FAANG perks were in-office, as the world continues to accept the remote first worker, they are only going to hav…

the companies you listed have been competing with faang for talent since they were formed. they’ve always had to pay competitively

Re: Tech compensation in 2021

#142

Post by ceras »

throwaway2016a wrote: post #90

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…

The levels.fyi number you're looking at is across companies, so it's skewed by the type of companies hiring SWE's in Boston vs the Bay Area, which have different pay scales. Large Bay Area tech companies (e.g. FAANG) pay Boston SWE's pretty close[0] to what they pay SF SWE's.

If you use the "Robert Half" site[1] from the original article, it says Boston is +34% compared to US baseline (vs SF's +42%, NYC's +40.5%) which roughly lines up.

[0] Google: https://www.levels.fyi/company/Google/salaries/Software-Engi... vs https://www.levels.fyi/company/Google/salaries/Software-Engi...

[1] https://www.roberthalf.com/salary-guide/specialization/techn...

Re: Tech compensation in 2021

#144

Post by myth_drannon »

jiggawatts wrote: post #71
m_ke wrote: 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...

Check the discussions on Blind. Total compensation discussions are completely bonkers and I believe they are true based on some interviews I had for remote roles in US.

Re: Tech compensation in 2021

#145

Post by goodpoint »

i1856511 wrote: post #40

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?

That explain why CV-driven development has been aggressively overtaking good development.

Similarly, a lot of the original FLOSS culture has been overshadowed by the "github-is-my-showroom" model. Optimizing for github stars and so on.

Re: Tech compensation in 2021

#146

Post by somewhereoutth »

cryptoz wrote: post #43
HenryKissinger wrote: post #38

Earlier quoted context omitted.

It's all of that. European tech companies are smaller than US tech companies, have lower gross revenue per employee, make less profit per employee. Taxes are higher in Europe, which disincentivizes risk taking and ambitious individuals. Labor productivity is also lower in Europe. Finally, Europe still has a culture where software engineers, cloud architects/products/managers/etc. are viewed as code monkeys and the pe…

> Taxes are higher in Europe, which disincentivizes risk taking and ambitious individuals. This seems backwards to me. A society with higher taxes typically has better social safety nets, better infrastructure, less corruption, etc. Higher-tax societies incentivize risk-taking, not the other way around, especially for "ambitious individuals". When there is more structure and support around, more people are able to ta…

In the US everything is pretty broken anyway - so go right ahead and change stuff, you might even fix something!!

Whereas in Europe everything pretty much works as it should, so why rock the boat??

Re: Tech compensation in 2021

#147

Post by loeg »

SavantIdiot wrote: post #119

Wow! That's so much money for senior/L6 FAANG. 10 years ago my last non-contractor gig as a Grade 8 Intel Senior Staff Microprocessor Engineer (or 9? just below principal. I forget.) in Santa Clara pulled $200k including bonus and options, 170k if it was a shit year for bonuses. And that included a 4 year stretch with 0% raises for everyone in the early 2000's. That's with -15- years experience. I guess in 2010 that…

Yeah, all of the above. The market was a lot less hot in 2010 on the back of the 2008 financial crisis; Intel is just kind of a shitty employer all around; and illegal no-hire collusion didn't help.

Re: Tech compensation in 2021

#148

Post by rgrmrts »

yholio wrote: post #124
m_ke wrote: 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.

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?

Assuming $500k in a big coastal city: $285k after taxes $50k in rent (generous) $10k in worst-case healthcare costs 30 minute commute

Over $200k per year in take home pay after most expenses.

Rough numbers, my monthly salary is ~$10k/mo (after tax) and I vest ~$50k in stock every 3 months (also after tax)

Re: Tech compensation in 2021

#149

Post by myth_drannon »

VRay wrote: post #26
btheshoe wrote: post #2

The best way of doing this is to just use levels.fyi and ask on Blind (which is a toxic place, but a bit of toxicity is needed to maximize tc).

Blind is a real hive of scum and villainy, but at least you can get real numbers from real people

I prefer Blind over Glassdoor to check the company's scores. Glassdoor removes bad reviews.
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