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I've become more and more convinced that $1M+ per year is not realistic as an engineer. There are compensation spreadsheets floating around and I've been privy
by risingintonatio 10y ago
I've become more and more convinced that $1M+ per year is not realistic as an engineer.
There are compensation spreadsheets floating around and I've been privy to Facebook's and Google's. Assuming the numbers there are accurate (and anecdotally they are), even the "top 5%" engineers getting discretionary equity and bonus don't make more than $600k.
Meanwhile, executives easily make twice that in yearly cash bonuses.
I've grown a disdain towards said execs for being paid incommensurate with their actual value generated. Perhaps that's just my naïveté, and indeed they are that valuable. But I don't think so.
In short, to command astronomical salaries you need a pyramid of people working beneath you, so that you can garner part of their productivity for yourself.
Charisma will help you get there.
- zump 10y agoGreat answer. I have noticed that because of the extreme focus on technology, our community is tuned to finding ways of becoming a better engineer, but not how to climb the corporate ladder the old-fashioned way.
- lj3 10y agoFor all the other flaws the SV startup game has, it's probably the only place you can realistically become a CTO or CEO in your mid-20's.