To put this in bay area perspective, that $300K per year gets broken down as: 42% Tax bracket. Net $180K per year $6K per month in rent/mortgage. Net $108K $3K per month in living expenses. $72K $1K student loans (maybe). Net $60K $1K in insurance (health / renters / home). Net $48K $1K disposable income. Net $36K $8K vacation. Net $28K ( or about $2.3K per month for savings) Not bad. But you can see how bay area cos…
> $6K per month in rent/mortgage.
Seriously? A 1BR can cost like $2.5k in Sunnyvale. Even in Boston/Cambridge I could get a really nice 1BR for $3.5k max.
To put this in bay area perspective, that $300K per year gets broken down as: 42% Tax bracket. Net $180K per year $6K per month in rent/mortgage. Net $108K $3K per month in living expenses. $72K $1K student loans (maybe). Net $60K $1K in insurance (health / renters / home). Net $48K $1K disposable income. Net $36K $8K vacation. Net $28K ( or about $2.3K per month for savings) Not bad. But you can see how bay area cos…
pretty fast and loose with the numbers there, don't you think? 6k rent/mortgage + 3k living expenses sounds flat out glamorous.
200k+ for 2 years experience in the valley? That is crazy. This guy is overpaid. How realistic is this? I work in the valley I have roughly a decade of experience and I am definitely under 200k. Am I getting shafted?
None of the numbers in the article seem unrealistic to me.
Keep in mind the big tech companies (FANG et al) are really a tier above in terms of pay, and also that the numbers given here include both RSUs and a projected performance bonus.
200k+ for 2 years experience in the valley? That is crazy. This guy is overpaid. How realistic is this? I work in the valley I have roughly a decade of experience and I am definitely under 200k. Am I getting shafted?
I know lots of people that get that as new grads.
Companies like Facebook, Google, and trading companies do it quite often.
What are people's experiences around having requiters you submit a competing offer for them to negotiate against it?
I've had recruiters tell me they need to see a copy of an offer letter in order to match against it. I assume this is to minimize people lying about competing offers to squeeze a few extra percentage points out of their offer and to give the recruiter maximum negotiation leverage.
What response do you get if you just tell them "no"?
200k+ for 2 years experience in the valley? That is crazy. This guy is overpaid. How realistic is this? I work in the valley I have roughly a decade of experience and I am definitely under 200k. Am I getting shafted?
Anybody willing to pay me 200k+? I'm a python expert. I know golang. I can do fullstack work but my preference is for the backend. I'm basically a polyglot, willing to do anything from scala, haskell, python, lisp, you name it. I have good fundamentals, and extensive experience diving into and navigating large/old codebases.
Go interview as an Amazon L5/L6 (You'll probably need some competing offers), Google T3/T5, Facebook E3/E5 and pass it. Easy as that.
What are people's experiences around having requiters you submit a competing offer for them to negotiate against it? I've had recruiters tell me they need to see a copy of an offer letter in order to match against it. I assume this is to minimize people lying about competing offers to squeeze a few extra percentage points out of their offer and to give the recruiter maximum negotiation leverage. What response do you…
Tell them that you signed an NDA and can't send them internal paperwork of a competitor.
Talking about salary is one thing, but giving them the documents themselves is different.
To put this in bay area perspective, that $300K per year gets broken down as: 42% Tax bracket. Net $180K per year $6K per month in rent/mortgage. Net $108K $3K per month in living expenses. $72K $1K student loans (maybe). Net $60K $1K in insurance (health / renters / home). Net $48K $1K disposable income. Net $36K $8K vacation. Net $28K ( or about $2.3K per month for savings) Not bad. But you can see how bay area cos…
To put this in bay area perspective, that $300K per year gets broken down as: 42% Tax bracket. Net $180K per year $6K per month in rent/mortgage. Net $108K $3K per month in living expenses. $72K $1K student loans (maybe). Net $60K $1K in insurance (health / renters / home). Net $48K $1K disposable income. Net $36K $8K vacation. Net $28K ( or about $2.3K per month for savings) Not bad. But you can see how bay area cos…
This math is remotely not accurate. 42% tax rate ? Tax rates are progressive. I made a whole lot more last year and my effective Federal + State was 28%. Remember, there are a ton of deductions available. $6k in rent ?? Who pays that ? I have a large house and my mortgage payment is close to 4.5k. And I am building massive equity on my home as well as paying down an expensive asset. Home insurance is $1k for the whole year, while health insurance is roughly $250/month for the whole family. If you play your cards right, you can save upto 200-300k in 3-4 years. Now here's the cherry on top. Add a partner who makes the same amount.
To put this in bay area perspective, that $300K per year gets broken down as: 42% Tax bracket. Net $180K per year $6K per month in rent/mortgage. Net $108K $3K per month in living expenses. $72K $1K student loans (maybe). Net $60K $1K in insurance (health / renters / home). Net $48K $1K disposable income. Net $36K $8K vacation. Net $28K ( or about $2.3K per month for savings) Not bad. But you can see how bay area cos…