You need to ask for a pay rise. $125,000 is nothing these days. A regular developer makes that much.
I'm a Data Scientist and It's Not My Passion
71–80 of 163 posts
Re: I'm a Data Scientist and It's Not My Passion
#72The media's constant reporting on college debt and low paying majors has actually had a large impact on what the next generation is studying. https://qz.com/1370922/the-2008-financial-crisis-completely-... The humanities and social sciences have fallen off a cliff, heath care and STEM has soared. I'm skeptical that this is a good thing.
STEM is such a broad category that anyone promoting STEM fields as a solution to the college debt problem is obviously just repeating what they heard from other people. There are a ton of underpaid and overworked people in STEM.
Like grad students or even just anyone not in the C-tier in many places.
Re: I'm a Data Scientist and It's Not My Passion
#73Earlier quoted context omitted.
Meaning is what people seek once all the bills are paid.
There is more to life than bills.
Yeah, like food and shelter.
I get that "bills aren't important" is a thing if you don't have trouble paying them, but that's not the situation for everybody. "Hey, lighten up, have some fun, you don't need to work that hard" is cool if you're wealthy. It's an insult to somebody living paycheck to paycheck. They do have to work that hard.
Re: I'm a Data Scientist and It's Not My Passion
#74The media's constant reporting on college debt and low paying majors has actually had a large impact on what the next generation is studying. https://qz.com/1370922/the-2008-financial-crisis-completely-... The humanities and social sciences have fallen off a cliff, heath care and STEM has soared. I'm skeptical that this is a good thing.
STEM is such a broad category that anyone promoting STEM fields as a solution to the college debt problem is obviously just repeating what they heard from other people. There are a ton of underpaid and overworked people in STEM.
I agree we should separate stem into maybe 3 areas. 2 are doing pretty well. programming-related fields (dev or software engineering type jobs, there's spectrum that goes to data scientist), other engineering jobs, other stem.
The third category isn't as fortunate in the job market, like say a biology major. How about Dev OE, OS. Doeos? Wow, that almost works. But it kind of reminds me of nxivm though :-)
Re: I'm a Data Scientist and It's Not My Passion
#75Earlier quoted context omitted.
Less bullshit majors seems like a very good thing.
How do you define "bullshit major"?
A major which the labor market doesn't need in the quantities that are being churned out by colleges, such as the classic "would you like fries with that" English major.
It's not "bullshit" if you're independently wealthy and can pay to "study" for "fun", or as a second major to something that's in demand. But for everybody else I'd consider more in-demand professions, even though they're usually much harder.
For an example, take a gander at this list: https://www.washington.edu/students/gencat/degree_programsTO.... All the bullshit majors are very easily identifiable. Most, but not all of them have "studies" in their name.
Re: I'm a Data Scientist and It's Not My Passion
#76Earlier quoted context omitted.
Yes, but should people take on substantial debt to get a 'meaningful' degree that will not provide a real ROI? Studying fluffy majors is only logical for 1%ers, basically, because you don't really have to work for a living and you can get set up with some prestigious non-profit through connections. For everyone else, they should probably get cultured on their own, without paying tens of thousands of dollars.
Money is not the only thing in the world, or even the most important. It’s a means to an end.
Turns out that a lot of people would rather live comfortably. Same with me, I'm making more than triple what I would make if I had pursued my original studies into a career. My only regret is that I didn't study computer science so I could be making more than I currently earn.
Re: I'm a Data Scientist and It's Not My Passion
#77Earlier quoted context omitted.
Yes, but should people take on substantial debt to get a 'meaningful' degree that will not provide a real ROI? Studying fluffy majors is only logical for 1%ers, basically, because you don't really have to work for a living and you can get set up with some prestigious non-profit through connections. For everyone else, they should probably get cultured on their own, without paying tens of thousands of dollars.
Money is not the only thing in the world, or even the most important. It’s a means to an end.
It's not. But the news is full of people who got degrees and giant college debt and it's a terrible anvil hanging over their entire lives. They can't buy a house or car (or its tremendously harder), the need to service the debt is a central part of their decision making.
If you want to look at it in another lense, it hurts our whole economy because many younger people in this group aren't able to help our economy grow through buying stuff like previous generations did. When I went to college long long ago it was really cheap, like $1000 a semester. The states stopped subsidizing it so much. I was a beneficiary of this.
Re: I'm a Data Scientist and It's Not My Passion
#78Earlier quoted context omitted.
Less bullshit majors seems like a very good thing.
Science gives us answers. Culture gives us meaning.
Is that what the arts and humanities graduates serving my coffee in Starbucks are generating - culture?
Don't conflate culture with those who study it. The vast majority of non-STEM graduates generate no activity of either cultural or economic significance. All such degree programmes could be dropped tomorrow with no detriment to society.
Re: I'm a Data Scientist and It's Not My Passion
#79Earlier quoted context omitted.
Yes, it’s 4500 stock options worth $0 each. Pretty generous. Other startups of that size are lucky to get you 1500 stock options at $0 each.
It really doesnt matter whether the startup gives you 4500, 1500, or 45000, or a million. You are being given the numerator without knowing the denominator, so it is all worth zero until you get to see the Cap Table. Most startups wont let you see the Cap Table. Even if you saw the Cap Table, there is still a lot of uncertainty, tons of illiquidity, and a long horizon. Options are nice, but they are not cash and do n…
Certainly startup equity is a) a risk and b) sometimes hard to quantify in real dollar terms. But if the startup is successful, equity value is very real and should not be ignored or swept aside. My advice: Don't join a startup unless you believe in its growth potential and your compensation package includes equity. Without the equity and the potential that comes with it, there is little reason to join a startup. You might as well just go with an established company instead.
Re: I'm a Data Scientist and It's Not My Passion
#80Earlier quoted context omitted.
Yes, it’s 4500 stock options worth $0 each. Pretty generous. Other startups of that size are lucky to get you 1500 stock options at $0 each.
It really doesnt matter whether the startup gives you 4500, 1500, or 45000, or a million. You are being given the numerator without knowing the denominator, so it is all worth zero until you get to see the Cap Table. Most startups wont let you see the Cap Table. Even if you saw the Cap Table, there is still a lot of uncertainty, tons of illiquidity, and a long horizon. Options are nice, but they are not cash and do n…
> You are being given the numerator without knowing the denominator, so it is all worth zero until you get to see the Cap Table. Most startups wont let you see the Cap Table.
Every single time I've accepted a job at a startup that offered ISO stock options, I knew # of shares outstanding (the denominator), terms of all funding rounds, strike price, exit strategy, total amount of money raised, who the major investors are on the cap table, etc.
The jobs were at startups funded by the best investors in the world and high caliber founders who valued transparency. One went on to become a unicorn, and the other is an extremely early seed stage company where I work now.
If a startup isn't willing to give you information beyond # of options granted, then that is a red flag in my book. Not all startups are like that.