Live data from Hacker News

The highest paid workers in Silicon Valley are product managers (2016)

qz.com

311–320 of 365 posts

Re: The highest paid workers in Silicon Valley are product managers (2016)

#312
post #188

Earlier quoted context omitted.

What's up with this usage of the word "talent"? Tech is in such acute need of humble pie I don't even know where to begin. I'm becoming disillusioned. Why is a programmer etc. a "talent", but a carpenter just an employee, hire or whatever? But maybe it's actually an appropriate term, now when our interview processes so clearly have ceased to be job interviews, and have become auditions - because nothing less satisfie…

I think it's about visibility of failure. When a carpenter or office worker make a mistake, it often doesn't take an expert to figure it out (and if it does, it's always a "clerical" error, not an honest mistake in a complex environment). Thus, whenever people look at these jobs, they're not seeing skilled laborers but someone whose time is simply less valuable than theirs. If only they had the time, they could have…

In NYC it takes 8 years verifiable work experience (by W-2 forms) Before you are allowed to take a Plumbing test, for your license. I guarantee that you would Not be able to trouble shoot a problem that a licensed plumber couldn't figure out.

And yes, in a past life I was a master licensed plumber.

Re: The highest paid workers in Silicon Valley are product managers (2016)

#313

I swear, every time I read an article on HN about salary it gives me anxiety. I'm perpetually worried that I'm not earning as much as I should be earning. I don't think it is healthy but I can't look away.

A good sales manager in a busy new car dealership will make 140K a year. A general sales manager is at 165K. A General manager could be over 200K... these folks typically have a HS diploma in their pocket.

Re: The highest paid workers in Silicon Valley are product managers (2016)

#314

Earlier quoted context omitted.

You may assume that would happen, but unless you really have a thing to show off, you'll keep a similar lifestyle and just watch your savings account growing. I know very few people who permanently changed their behaviour after a sudden change in their earnings. This is of course just anecdotal evidence.

Clearly you have not seen lotto winners. Or wall street people:) Or the really wealthy. ;) What your talking about, is upper-middle, lower-high. Eventually if you make enough cash, you will hit that limit. Sort of the whole "ball-washer" bit by Lewis Black.

But I am clearly not talking about lotto-winners, but someone who gets 2x salary, who may behave weird first couple of months and then becomes "normal". I fully agree about the lotto winners though. I had witnessed it actually as my school friend's parents won. For lack of a better description - they have become like animals with unlimited money, but money ended quickly though.

Re: The highest paid workers in Silicon Valley are product managers (2016)

#315
post #204

Earlier quoted context omitted.

This was very well put. And one of the hardest topics to navigate in an interview process: "how would you handle a case when peron X is failing to meet requirement Y or delivery date Z? I freaking hate this question as there is no magic answer aside from "whatever it takes to minimize the overall negative impact of the outcome for the company/project/product"

That's a lot like asking "how would you turn water into wine?" Manage expectations and deal with angry people (aside from, in your example, mitigating those failures in the future).

That’s the joke

Re: The highest paid workers in Silicon Valley are product managers (2016)

#316
I'm not sure this is a fair comparison though since PMs usually are experienced when junior software engineers are common, and even more you can have SE switching to PM roles but the opposite is quite rare. But the reality remains that is way more difficult to find a good PM than a good SE.

Re: The highest paid workers in Silicon Valley are product managers (2016)

#317

Earlier quoted context omitted.

Totally disagree. In my experience across three tech firms, Product Managers spend a lot of time selling themselves. They are talking to customers (read: networking for their next job), going to conferences (read: shmoozing with their next potential boss), researching competitors (read: figuring out where to apply) researching products (read: learning on the job) Is it any surprise they tend to make more than people…

talking to customers -> Listening to what the customer's pain points are, what the customer needs, what to address going to conferences -> Because face-to-face contact is far faster and richer than sending emails researching competitors -> What aren't we doing that others are doing better / what are we doing that's winning / what to change? researching products -> well, yes, constantly learning Is it any surprise the…

I do not see any activity here which would indicate a higher pay from any other ordinary worker.

Re: The highest paid workers in Silicon Valley are product managers (2016)

#318
post #39

Earlier quoted context omitted.

Make sure to keep coding in your spare time. I'm trying to get back to dev work now after 5 years in management land, and I'm finding it difficult to get back to my prior level of productivity. Coding skills age pretty quickly.

I have refused to go into management precisely to avoid what you are experiencing. My wages have somewhat stagnated because of this, and most of my working acquaintances have moved up, but they are miserable in comparison. Yes, they make more, in some cases much more, but after being in IT for over 20 years, I desire my "8-4 M-F no work nights/no work weekends" life more than I do a little extra coin. I go home and d…

You are only as safe as your boss permits you. Tomorrow he may leave/get fired/die; the person replacing him may not be as tolerant of your actions.

Re: The highest paid workers in Silicon Valley are product managers (2016)

#319
post #210

Earlier quoted context omitted.

It's not tho. It's really not. Most of the software you use every day was developed by very average software developers. The vast majority of the work software developers do isn't terribly novel or particularly difficult. And you know what? They do just fine. Things work well. Systems stay on line. Companies make money. I've seen too many "bad" teams produce perfectly functional software over the years to think that…

The statistics I've seen say 60% of all software projects fail. My experience, anecdotal as it is, bears that out. Projects that don't fail, usually have to be rescued from some crazy doomed plans fairly regularly. You seem to have found a calmer, saner corner of the industry.

I think 60% is an underestimate!

Re: The highest paid workers in Silicon Valley are product managers (2016)

#320
post #172

Earlier quoted context omitted.

My advice is be to be ludicrous. Ask for far more than you think you're worth. As most people undervalue themselves you'll often find companies saying yes, or at least negotiating down to more than you'd have asked for if you capped your wage raise to 20%. If they hire you you'll then be faced with the feeling that you're out of your depth, overpaid, and incapable of doing the job you took, but that's a different set…

Meanwhile, over here in London, last time i was looking, i asked a recruiter for 10% more than i was then getting, and they audibly paused before ending the conversation as quick as they could!

That’s most likely the recruiter bring jealous. I had the same experience when I was honest with a Dublin recruiter what it would take for me to uproot my life and move to Dublin.
Post reply on HN