Say you have $400K of public company stock that vests over 4 years. How much is this worth? (ignoring time value of money for now). $400K? But if the stock tanks then you likely have the option to get another job, so you are less affected by the downside than the upside. How should that factor into your calculation?
Tech stocks have done really well the last 10 years and will probably continue to do so. People who joined Snapchat a few years ago made over a million a year thanks to the appreciation.
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…
If you have a family that loves you, manageable stress levels and a purpose in life, I think you are doing a lot of things right. I am sure you are worth more! There are probably ways to increase your compensation and maintain your quality of life, but is it really worth it?
I’m wondering if I’m just not worth as much money or if I’m not paid as much because I don’t work in California or both, lol. I work for an enormous company. I’ve got about 8 or so years experience. As of right now I’m a sr architect and I work on enterprise-level systems - either designing or enhancing existing processes and platforms. I don’t really code much these days, though I do write a lot of sql, build lots of diagrams, and build a lot of sample requests for various groups when they aren’t quite getting something from the docs. I make 180 TC and live in the north east though not NYC or Boston. That said, I also have a two floor plus fully finished basement home with three bedrooms, four bathrooms, a nice yard, garage, and a nice deck that I can work on when the weather is nice. So, I’m not complaining, I feel like I live comfortably. But man if I had an extra 200k to just throw into savings and investing? Whooo boy…
I'm in Seattle so the situation is a bit better than the valley. But here's a breakdown: L6 at Amazon, single, no kids: ~$400K TC $33,333 per month gross About $100K in federal tax, no state income tax in WA. $8333 per month Healthcare: $34 a month for an HSA plan. $3,650 over the course of the year goes into the HSA, including the employer portion. That ends up being about $205 out of my pocket. This is a bit compli…
Another data point. My salary is just above $200k. After 6% contribution to retirement (max my employer will match), and $25k a year set aside for employee stock purchase program (max I can set aside - our ESPP is really good), I get just under $10k a month in direct deposit. My rent is $3k a month. My discretionary spending is also around $3k a month. So I save $4k a month (in cash). I also get around $350k in stock…
Unrelated: My company has an internal project named sharpy just like your nickname. It is a Python to C# source translator.
I make, let’s say somewhere between 100-200k. But because of where I live, this is enough to fill two college funds, pay off a mortgage, let my wife follow her dream of being a full-time mom, and retire by 50.
Absolutely need more remote work in this world. There’s so many wonderful places to live that aren’t ridiculously priced.
These articles always undershoot the top end comp. I’m staff+ with ~15 years exp at a FANG like big tech company. I currently make low seven figures. I don’t think I’m unique among my peer group. When you add in refreshers and stock appreciation it gets even higher. Currently remote.
It's because they are estimating new offers given out today. It's understood that people with a few years' tenure could be making a lot more due to stock appreciation, but if you are in the job market today that data point is useless and only messes up the expectations.
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 best thing I did for my career was leave Boston for an entry level FANG job on the West Coast 10 years ago. I currently make more than 10x what I was making in Boston. But it has been a grind no doubt. And probably some luck.
Mostly the same. I left Austin for SFO and FAANG 10 years ago. I made so much more, that when my previous company sold and some of my friends got 1m+ in stock, i had made more simply in salary moving.
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…
350k TC sounds not bad to me if you're E5 at Facebook or L6 at Amazon. It goes up another 150-200k at the next level (E6/L6 at Facebook/Google, L7 at Amazon, or ICT5 at Apple).
Last year I was offered almost 500k TC from Facebook for E5 in Seattle.
Google did not bother to match at the same level. I guess Google is not drowning in money anymore (in comparison).
As someone who works in an Eastern European country, i also did a writeup on how much i've made over the years and how that figure has changed, while working for a local company: https://blog.kronis.dev/articles/on-finances-and-savings In short, this year i'll probably make around 18k Euros, in total. I guess that just goes to show how different the situation is depending on where you live and where you're employed.
You are grossly underpaid, even for eastern europe. Guys just across the border (or two) from you make 2x+ more, while paying next to nothing in taxes (5% I've heard, as faux contractors) and enjoying some of lowest CoL in europe - https://jobs.dou.ua/salaries/dynamics/
Agreed. We built up a shop in Poland. They all made 60k+ USD