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This analysis is very low quality. Engineers move to the bay area not for salaries, but for equity and RSUs. It's not unusual to make your salary again in RSUs,
by _lex 10y ago
This analysis is very low quality. Engineers move to the bay area not for salaries, but for equity and RSUs. It's not unusual to make your salary again in RSUs, which are usually not that risky. Equity is a mixed ball, however. But these two factors are the unique element in the Bay area, and why you should move there. If you are an engineer in the bay area without loads of equity or RSUs, you're getting ripped off.
- jknoepfler 10y agoThe analysis is low quality for a lot of reasons... 1. It motivates moving to sv because there are "lots" of successful startups. Is the rate of successful startups higher than elsewhere? 2. Average reported salary is a garbage statistic. Compare median values, between jobs of equal "status" (Google != j-random shipping company... Compare Google sv to Google Seattle within job title groups)
- tedmiston 10y ago> 1. It motivates moving to sv because there are "lots" of successful startups. Is the rate of successful startups higher than elsewhere? Probably, yes, but hard to say since a 2–3x "acquihire" can be a big success for another a city but considered a failure in SF, so how "success" is defined is different. Even with that, the probability of hopping on a rocketship is still very low < 1%. It might be higher in the Bay Area than elsewhere, but I felt the article was disingenuous if the intent was to suggest an engineer has good odds of picking the right rocketship at the early stage. It's not science.