This just shows how game changing bootcamps and the like are. People with no software background can go from no experience to a job paying 130k a year with a year of training. That's downright miraculous.
Or the sign of a bubble...
Base salaries offered to software engineers in SF, NYC, and Seattle
221–230 of 301 posts
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#222Base comp isn't a great metric because it widely varies based on compensation schema. For exmaple, Amazon has a cap on base (I think it's 160k) and provides huge amounts of stock beyond that. I'd imagine it's a similar story for many companies. Total comp is a far more realistic and accurate measurement.
If they say they have a cap, it's probably just smoke and mirrors.
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#223Base comp isn't a great metric because it widely varies based on compensation schema. For exmaple, Amazon has a cap on base (I think it's 160k) and provides huge amounts of stock beyond that. I'd imagine it's a similar story for many companies. Total comp is a far more realistic and accurate measurement.
If they say they have a cap, it's probably just smoke and mirrors.
No, Amazon literally has a real hard cap on salaries. Everything else above that cap is stock. This is true for even seniors and execs.
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#224Earlier quoted context omitted.
Even better... My wife has a Master of Science, but not an undergraduate degree. That literally makes recruiters and hiring managers do double-takes.
Where did she get it? I've been trying to find a decent college that'd allow me to do the same thing.
Oxford’s M.Sc. Software Engineering will accept applicants with enough work experience in lieu of a Bachelor’s. Several of the University of London’s constituent colleges offer individual courses from Master’s degrees as individual professional awards or short courses (nomenclature varies) and successful performance will get you admitted to the Master’s proper. If you see a Master’s from U London and it doesn’t explicitly say it’s available to study independently as a short course you can still email them to inquire.
Oxford M.Sc. Computer Science https://www.ox.ac.uk/admissions/graduate/courses/msc-softwar...
SOAS Finance https://www.ox.ac.uk/admissions/graduate/courses/msc-softwar...
London School of Tropical Medicine, Clinical Trials https://london.ac.uk/courses/clinical-trials#entry-requireme...
Queen Mary University of London, MBA https://london.ac.uk/courses/global-mba
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#225Earlier quoted context omitted.
Yeah, just to elaborate on this (because I think the point of this comment has been missed a bit elsewhere on the sub-thread): - TripleByte imposes a cost (having to go through their process) in exchange for getting to signal programming ability, a prerequisite to getting in the door (getting an interview) - People with strong credentials don't need to incur that cost, so they probably won't do so. This means TripleB…
that makes sense because these numbers feel inflated to me. I think facebook only pays data scientists 135k range.
That's base pay and doesn't include RSUs.
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#226Earlier quoted context omitted.
> Could this be indicating that [boot camp grads] at a disadvantage? Yes. Most boot camps are outright scams and I know that I (along with everyone I know) has never hired a bootcamp grad. They usually cannot write fizzbuzz. Some anecdata on the college grad note: most of the best engineers I've worked with did not study CS in college, though they all did graduate from college.
To counter this, I know dozens of people working as FAANG devs from app academy & hack reactor.
Any chance of a breakdown by company, numbers or boot camp if you have time?
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#227Ben from Triplebyte here, I'm the engineer who built this tool from our offer data. The finding that most surprised me was that the mean salary for an engineer without a college degree is only $3k (~2%) less than for those with one; this gap is much smaller than in the labor market as a whole. One explanation is that CS really is a field where educational signaling doesn't (or at least needn't) matter as much as in o…
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Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#228I am not sure about these numbers. These base estimates are much higher than what sites like Levels.fyi and anecdotal numbers I've collected from my new grad peers. At the new grad level, Base salary numbers are $125-135k:Google, $105-115k:MSFT,Amazon,FB. The base salary numbers at other unicorns don't sound much different either. I am not saying that TB's numbers are wrong. But, there has to be some reason for the h…
The numbers look pretty legit. This is coming from a new grad with multiple offers.
Would you be willing to share the companies that pay above 130 base for their median or even 75th percentile new grad in the Bay Area ? (assuming the bonus, signing and stock are in line with that of the Big-N companies)
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#229Earlier quoted context omitted.
There is a simple reason: scarcity of talent. Talent that can be commoditized through a platform instantly becomes cheaper, with employers much more easily able to sift through inventory (candidates) and look for deals or just waste peoples’ time gathering market data on interview performance. If you’re sincerely highly talented, you’re not going to advertise yourself as a commodity on a platform. Your increased skil…
I have a strong resume by most metrics, and I used Triplebyte because it seemed like a good method to learn about a ton of small companies I otherwise would never be able to find. (I didn't end up joining any of them, but they were solid 2nd/3rd/4th-choice offers.) I'm confused about why you think this is irrational. If I find some startup through Triplebyte, and then apply to them, it doesn't seem like a substantial…
By virtue of locating you via TripleByte, those 2nd/3rd/etc. companies revealed their goal is explicitly to dramatically underpay you, through a hiring platform that enables them to treat you like a commodity.
If you’re OK with that, then by all means use that commodity portal to seek jobs. I mean that sincerely. If you prefer to trade possibly tens of thousands of dollars of salary, bonuses, equity or other compensation for some vague ease of access “value-add” of a platform that makes your resume function like Tinder for jobs, then you would not be irrational to search via TripleByte.
For me, for example, the fact that those positions can be matched up to me on TripleByte would literally make me reject those jobs. No thanks. I’ll either pay for a private recruiter that essentially functions like a personal talent agent, or I’ll find networking events or other boutique application portals to use that keep me exclusively looking at jobs that pay competitive rates. Hell, I’d sooner just send cold application emails through regular company HR websites than agree to be the commodity product of TripleByte.
Re: Base salaries offered to software engineers in SF, NYC, and Seattle
#230Earlier quoted context omitted.
Hedge fund programming jobs in NYC pay a significant annual cash bonus, I believe 50-100% of base salary is standard. From what I can tell $250-300k is pretty standard total comp for senior software devs. I'm just a programmer, probably a hiring manager or recruiter would have a better sense of the market.
Do you happen to know how to get a programming job at a hedge fund? I have a finance background, ran a tiny algo fund and is currently doing Swift development at a FAANG company, would love to combina my passions!
Networking and recruiters, mostly.
I spent 9 years at a hedge fund in Chicago. I started a year out of college. That job, the reputation and that I lasted nearly a decade, and left of my own accord have opened numerous doors for me, and I only got the job because of networking (my best friend from college worked there and vouched for me, and he was there because a college friend of his sister worked there and vouched for him). Now that I'm "in", I can call up a handful of recruiters that specialize in finance to setup interviews inside of a week or so any time I want. Usually beginning of the year is the best time to interview (after theyve fired tje worst performers from the previous year). Recently, I was looking for a job after being let go in January. I had my first phone screen 3 business days after I lost my job. Accepted an offer after about 4 weeks without work. Actually accepted the lower base/higher bonus potential that also had better work/life balance and easier commute.
But, like I said: networking and recruiters. The hedge fund world is a very incestuous industry. Once you get in, lots of opportunities to move around as you meet people, they leave for new shops, etc. Education also doesnt much matter except to open the first door. I.e. a degree from MIT, CMU, Harvard or Stanford will open more doors without a network connection. I got in with dual BS degrees in engineering from a well respected, but not top tier tech school, with a referral from an employee. While there worked with some very talented people, few of which had degrees in CS. Worked with physicists, philosophers, mathematicians and English majors - all in a software development capacity. I'm sure there were other disciplines, but they escape me.