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Average FANG salary is $200k with roughly another $200k in equity each year spread out over 4 years. So that's roughly $400k per year in total comp. Conservativ
by ryanSrich 9y ago
Average FANG salary is $200k with roughly another $200k in equity each year spread out over 4 years. So that's roughly $400k per year in total comp. Conservatively 40% of that is going to taxes, so take home is closer to $240,000.
While $240,000 is a nice salary it's not even close to what you'd need to afford a house in SV. And that's just housing. All in all it feels like a bad deal.
- tedsanders 9y agoDo you have a source for the average FANG salary being $200k cash plus $200k in equity? Glassdoor shows Google software engineers make a base of $127k cash plus $75k bonus and stock: https://www.glassdoor.com/Salary/Google-Salaries-E9079.htm https://www.glassdoor.com/Salary/Google-Salaries-E9079.htm Senior software engineers make more, but there seem to be many fewer of them relative to software engineer.
- rokhayakebe 9y agoWhile $240,000 is a nice salary it's not even close to what you'd need to afford a house in SV This cannot be correct. If you are taking home $20,000 a month and cannot have a house in SV the problem is not affordability but availability. Or what kind of house are you talking about.
- kolpa 9y agoYou can move out of SV when you want to buy a house.
- jeffreyrogers 9y agoIt can still make sense to live there while you're young, save a bunch, and then move to a lower cost of living area later. I know a few people who did this. Then you can buy a house in a great neighborhood in a smaller city closer to things you like doing. Because of compound growth saving as much as you can when you're young and have few obligations really adds up later in life.