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This describes me. I've essentially maxed out my compensation on the tech ladder unless I go to work at FAANG, in which case I might see a one-time bump of betw
by sidlls 8y ago
This describes me. I've essentially maxed out my compensation on the tech ladder unless I go to work at FAANG, in which case I might see a one-time bump of between 10% and 33%, at which point I'll essentially plateau again. I chose management last year instead. I got an immediate 10% boost in pay from the same-level position on the tech ladder, bumped into the highest bonus pool available for people not in senior leadership, and significantly more influence in the work my team takes up and with senior leadership. And although it's a bit harder to move up from here, there is at least a path up in terms of both challenge and compensation.
- sanderjd 8y ago> go to work at FAANG ... at which point I'll essentially plateau again Out of curiosity, is this based on first- or second-hand experience with the compensation structures at those companies, or is it an assumption based on how other companies work?
- sidlls 8y agoMostly the last, as my second hand knowledge is dated or casual (e.g. from acquaintances at the local library, parents clubs and that kind of thing). I could be completely wrong!
- mercutio2 8y agoCircumstances differ, but high performing senior developers at FAANG get vastly more than a 30% bump in total compensation over similar roles at most non-public companies and over public companies whose main area of expertise isn’t software. It’s hard to say with any precision, but easily $300k total annual compensation for a high performer.