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How I negotiated a software-engineering job offer in Silicon Valley

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Re: How I negotiated a software-engineering job offer in Silicon Valley

#61

Post by periya »

zeroonetwothree wrote: post #51
dmode wrote: post #39

Earlier quoted context omitted.

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 whol…

Just tried in TurboTax. $300k income in CA has effective tax rate of 35%.

Guess the OP files taxes as married filing jointly. That could cause a dip in the effective tax rate.

Re: How I negotiated a software-engineering job offer in Silicon Valley

#62

Post by shakestheclown »

jplahn wrote: post #30
khazhou wrote: post #27

Earlier quoted context omitted.

TLDR please?

I don't know if this really qualifies as TL;DR, but they seem to have captured the high-level points: https://www.freshworks.com/freshsales-crm/sdr-sales-developm...

Interesting that their suggestion "People often get tired of hearing their own name. Switch tracks and use your name instead." is at odds a bit with Dale Carnegie's "Remember that a person's name is to that person the sweetest and most important sound in any language."

Re: How I negotiated a software-engineering job offer in Silicon Valley

#63

Post by marssaxman »

dclusin wrote: post #5
crimsonalucard wrote: post #2

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 have 8yr experience and saw offer for total comp of 225k/yr in bay area. No concurrent offers, non-faang company, publicly traded. Salary is extremely variable is my takeaway.

"Total comp" is not nearly the same thing as salary.

Re: How I negotiated a software-engineering job offer in Silicon Valley

#64

Post by alistairSH »

lddemi wrote: post #32
matchagaucho wrote: post #28

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.

And a $6k vacation! lolol

Sure, you can easily spend that amount, but it's hardly a living expense. For a single person, that a long European vacation, with no effort made to control costs.

Re: How I negotiated a software-engineering job offer in Silicon Valley

#65

Post by Zaheer »

crimsonalucard wrote: post #2

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?

Very realistic. Check out all the submissions on: https://www.levels.fyi/comp.html

disclosure: I'm co-founder of levels.fyi

Re: How I negotiated a software-engineering job offer in Silicon Valley

#66

Post by jedberg »

mlinsey wrote: post #33
crimsonalucard wrote: post #2

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. If you think this guy/gal is overpaid, well, get a load of this table: https://www.businessinsider.com/apple-facebook-alphabet-most...

Profit per employee is not a very good measure of anything, because it depends on how much the company is reinvesting in itself at that time. A much better metric is revenue per employee.

Re: How I negotiated a software-engineering job offer in Silicon Valley

#67

Post by jedberg »

matchagaucho wrote: post #54
dmode wrote: post #39

Earlier quoted context omitted.

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 whol…

Enter $300K into https://smartasset.com/taxes/income-taxes Take home pay for CA is $185K

Before deductions.

Re: How I negotiated a software-engineering job offer in Silicon Valley

#69

Post by oh_sigh »

mlinsey wrote: post #33
crimsonalucard wrote: post #2

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. If you think this guy/gal is overpaid, well, get a load of this table: https://www.businessinsider.com/apple-facebook-alphabet-most...

Does an L3 or L4 at google in the valley make $300k/year? That seems way above normal based on those salary spreadsheets that leaked.

Re: How I negotiated a software-engineering job offer in Silicon Valley

#70

Post by dmoy »

zeroonetwothree wrote: post #42
lddemi wrote: post #32

Earlier quoted context omitted.

pretty fast and loose with the numbers there, don't you think? 6k rent/mortgage + 3k living expenses sounds flat out glamorous.

If you have a family it’s about right if not conservative.

Right but if there's a family then the tax line item is drastically lower. Like 28% effective, not 42% effective.
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