4 ms·
My worry is how "market salary" is defined. My expected return after 4 years should be in the ballpark of working for Google for 4 years, with an acceptable va
by phamilton 11y ago
My worry is how "market salary" is defined.
My expected return after 4 years should be in the ballpark of working for Google for 4 years, with an acceptable variance due to risk.
That means $180k for new grads and $220k+ for an experienced engineer. That should be the benchmark.
- rpedela 11y ago180k per year for new grads? That seems extremely high. What is your source?
- phamilton 11y agoMany friends have gotten offers in the ballpark of: 105k salary. 15% bonus, 50k - 60k stock (300 shares over 4 years)
- rpedela 11y agoSo that is about $120k/year (salary + shares + bonus / 4), not $180k/year. The signing bonus is one-time and the shares are only worth that much if the stock continues to do well and they stay for 4 years. Most engineers in my experience do not stay 4 years at their first job. According to Glassdoor, the median combined salary at Google is $166k/year further making the $180k/year for new grads claim ridiculous.
- phamilton 11y ago300 shares = 75 shares per year times $750. That's $55k/yr. That's a yearly bonus. Worth around 15k/yr. 105 + 15 + 55 is $175. Signing bonus is around 20k. Divide by 4 and you get $180.