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Ask HN: Those making over $300k/year, how did you achieve it?

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Re: Ask HN: Those making over $300k/year, how did you achieve it?

#35

Post by mabbo »

I've been reached out to before by recruiters for High Freq trading companies and other financial groups, offering 300-500k starting. A friend of mine worked at one of them and basically said that yeah you do make that kind of money but you work 70-80hrs/week and if anything is ever determined to be a crime, you'll be the one who gets thrown under the bus.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#37

Post by alangibson »

0xB31B1B wrote: post #2

300 tc is pretty standard for FAANG and the big unicorns. I pull down 330k w 5 years experience at a Uber. 180 cash, 150k equity. I’m incredibly average, 5 years exp.

By 5 years experience, do you mean 5 years out of school? If so, where did you go and what did you specialize in?

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#38

Post by toomuchtodo »

devilmoon wrote: post #27

Question from someone not living in the US: How come you guys have such high salaries compared to ROW? Is the cost of life that much higher than other countries, or is your income simply taxed less / companies have generally more money to spend on employees? I am currently working in one of the highest paying (if not the highest) consultancy firms in my country, and my salary is probably lower than your minimum wage.…

There is a geographic disparity in how tech workers are valued. Might consider working remote for a US company that'll bring your wage up above what your local tech economy will provide for.

As a sibling comment points out, health insurance and child care consume quite a bit of a wage in the US (our employer portion is $20k/year alone for a family of four; childcare is easily $1k/per child/per month for 2 days a week of care). My wife is giving birth tomorrow to our second child, and we're prepared for a bill anywhere between $5k-10k all-in, even with a quality insurance plan at my company.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#39

Post by slantedview »

devilmoon wrote: post #27

Question from someone not living in the US: How come you guys have such high salaries compared to ROW? Is the cost of life that much higher than other countries, or is your income simply taxed less / companies have generally more money to spend on employees? I am currently working in one of the highest paying (if not the highest) consultancy firms in my country, and my salary is probably lower than your minimum wage.…

Mostly cost of living. The locations where these jobs are tend to be very expensive to live (which is why the location part of this question will be interesting).
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