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Tech compensation in 2021

jacobian.org

571–580 of 631 posts

Re: Tech compensation in 2021

#571

Earlier quoted context omitted.

I taught my friend to code in a year and he did one of the intensive bootcamps. First job ever. A healthcare company in NYC is paying him 155 + 20% bonus. You're getting hosed

Remote or in office?

remote, nyc based though

Re: Tech compensation in 2021

#572

Earlier quoted context omitted.

I applied about 6 years ago to work at HQ. I went to community college and a bottom-tier state school and got an interview. Sounds like you just may not have been a match with the available jobs.

> Sounds like you just may not have been a match with the available jobs. People say this a lot, but Google is pretty explicit that they decide whether to hire you first, and only then consider where they might put you.

Yes & no. Maybe as a generalist SWE this is true. But if you’re applying for a more specialized position you might encounter limits in terms of how many of that role is needed.

Re: Tech compensation in 2021

#573
post #39

Co-Founder of Levels.fyi here. As Jacob points out, the market is extremely hot right now. It feels like salaries are inching up slightly each month. We're working on improving how numbers are updated and working on weighing recent salaries more heavily. Would really encourage everyone to submit their compensation on the site. We also have some relevant discussions with recruiters from FANG type companies on our team…

Hey, thanks for levels.fyi! It makes this kind of accurate compensation math possible in a way that really wasn't before y'all came along. Thanks again!

Re: Tech compensation in 2021

#574

> Content note: this piece discusses money, quite directly, with specific numbers and examples. Discussions about money can make quite a few people uncomfortable; if that’s you, you might want to skip this post. Is this ironic?

> Is this ironic?

No.

Re: Tech compensation in 2021

#575

Earlier quoted context omitted.

It was data. The "I must be doing something wrong" was tongue in cheek. The specific data point was that I am not seeing any salaries anywhere near that. And Salary.com actually backs me up. Just the fact "grind Leet Code" is a recommendation to someone who's most recent job title was CTO and has written two books may be a sign these interviews are broken. But point taken, I'm sure if I studied specifically for inter…

>Just the fact "grind Leet Code" is a recommendation to someone who's most recent job title was CTO and has written two books may be a sign these interviews are broken. This comment and those further down (particularly doubting the data) suggest that you're experiencing strong cognitive dissonance. There are, I'm sure, hundreds of engineers on HN that can testify to exactly how much FAANG pays and in which metro and…

> This comment and those further down (particularly doubting the data) suggest that you're experiencing strong cognitive dissonance. There are, I'm sure, hundreds of engineers on HN that can testify to exactly how much FAANG pays and in which metro and how little experience they had (not including LC) before they started.

Another thing about these threads is that the hundreds of people making the big bucks are always the ones happy to confirm these numbers, and the (hundreds? thousands? who knows?) making small bucks just silently lurk and think to themselves, "I'm doing something wrong." So you get selection bias. Then one person actually has the gall to post "I'm making less, clearly doing something wrong" and he gets tons of responses like "You're underpaid, brah, go get another job!" It's just not a helpful response.

I say this as one of the lurkers who is tired of pointing out that many of us don't make these so-called average salaries, because the response is always the same: "Dude, it's data--can't argue with that. Leetcode and/or try a different company" (as if we haven't done that already).

Re: Tech compensation in 2021

#576
post #231

> Bay Area salaries, according to levels.fyi, for these levels range from $190k to $350k. > According to Robert Half, Bay Area salaries are 42% above the national average, so that range translates to $110k-$205k unadjusted. can someone explain the math here? wouldn't this imply an unadjusted range of $134k ($190k/1.42) to $246k ($350k/1.42)?

You're right: I was doing my math wrong. I'm fixing the math in the article right now. Thanks for the correction!

Re: Tech compensation in 2021

#577
post #138

I'd also add https://tldroptions.io/ as a quick and dirty potential options valuator. That being said, I agree with the author's default assumption that private options should be valued at zero, especially for financial planning purposes. At the same time, it is this hockey stick that is a strong part of the allure of smaller startups. There's an entirely separate levels.fyi equivalent that needs to be made for the a…

Thanks for the pointer - that's a great resource. I'm adding a link to it to the article.

Re: Tech compensation in 2021

#578
post #550

Earlier quoted context omitted.

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/

1500 net, so about 2200 brutto is not that bad for Latvia, although on the low side. It really depends on job quality as well. Considering how frugal you are, you have plenty of time to find a better gig. Pure local companies are not going to pay much better though (and Latvian state and local government gigs are even less). So one option is to move to one of the outsourcing companies or even better to a smaller comp…

> So one option is to move to one of the outsourcing companies or even better to a smaller company dealing with western clients.

That's pretty much what most (if not almost all) of ukrainian tech is doing. And coupled with low CoL and widely abused tax loopholes, they are making bank, netting comparable money to 6 figure jobs in the west. So I'm just saying that eastern europe == poorly paid is a misconception.

Re: Tech compensation in 2021

#579

Earlier quoted context omitted.

>Just the fact "grind Leet Code" is a recommendation to someone who's most recent job title was CTO and has written two books may be a sign these interviews are broken. This comment and those further down (particularly doubting the data) suggest that you're experiencing strong cognitive dissonance. There are, I'm sure, hundreds of engineers on HN that can testify to exactly how much FAANG pays and in which metro and…

> This comment and those further down (particularly doubting the data) suggest that you're experiencing strong cognitive dissonance. There are, I'm sure, hundreds of engineers on HN that can testify to exactly how much FAANG pays and in which metro and how little experience they had (not including LC) before they started. Another thing about these threads is that the hundreds of people making the big bucks are always…

At the risk of being trite, the response to FAANG employees being underpaid is also more or less 'you're underpaid, brah, go get another job!'. The bar for hiring and compensation is much higher, but management still wants to minimizing costs. This means systematically limiting internal salary growth, and hiring external rockstars at higher salaries to replace the internal rockstars that leave. Overall, it seems to be more effective to spend a couple months preparing/interviewing for the role you want than navigating the internal bureaucracy for an indefinite amount of time on the order of years.

Re: Tech compensation in 2021

#580

Earlier quoted context omitted.

>Just the fact "grind Leet Code" is a recommendation to someone who's most recent job title was CTO and has written two books may be a sign these interviews are broken. This comment and those further down (particularly doubting the data) suggest that you're experiencing strong cognitive dissonance. There are, I'm sure, hundreds of engineers on HN that can testify to exactly how much FAANG pays and in which metro and…

> This comment and those further down (particularly doubting the data) suggest that you're experiencing strong cognitive dissonance. There are, I'm sure, hundreds of engineers on HN that can testify to exactly how much FAANG pays and in which metro and how little experience they had (not including LC) before they started. Another thing about these threads is that the hundreds of people making the big bucks are always…

>I'd love to hear a practical, actionable response to "I'm a senior FAANG who makes 75% of the "average" on levels.fyi. All other job offers I've seen are ± 2% of that. What next?"

I have literally zero idea what are you're trying to express. There's no selection bias if everyone is FAANG is very well payed and everyone outside is not.

But if you really want to see something vaguely like that then go on blind and look for posts like "I'm making 650 as an E6 where should I go from here", the idea of which I'm sure just further confounds you but I'm sorry the data is very accurate (eg inside FB/Google/AMZN there's a group that openly discusses return offers for interns and it's always within a few percent of what is on the public side).

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