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As someone in the big 4 I can tell you 200k TC in SV is nowhere near 200k annually starting out. That would involve 70-80k in RSU that vest over 4 years, and in
by otalp 8y ago
As someone in the big 4 I can tell you 200k TC in SV is nowhere near 200k annually starting out. That would involve 70-80k in RSU that vest over 4 years, and in companies like Amazon(whose stock has been going up like crazy) that is divested 5%, 15%, 40% and 40% annually, so you get the bulk of it only later on.\
It wasn't long ago that Google was offering 100k base in the valley(where <80k salary is considered below poverty line) and many Google and Facebook engineers still share an apartment with roommates.
If you want to maximise disposable income, you'll end up with much more at Seattle or Austin than in the bay or New York.
- pmalynin 8y agoThanks for you input. But I am aware of the breakdown of the compensation packages and I stand behind my statement having just accepted a new grad role at FAANG. 70-80k RSUs are on the lower end. For example standard Facebook offers are 140 base, 100k signing, 150 stock / 4y. I will be living with my partner and we calculated that with an apartment of 3-4k a month will be still saving at least tens of thousands of dollars a month, factoring in car lease, food, and what not.
- otalp 8y agoOh yeah, I agree that a FAANG job(Facebook is usually the highest TC) in the valley is way better value then staying in Canada. But of course the average person doesn't get close to that much. On _average_ software engineers are better off in Seattle than in the valley, and if their annual comp is less than 140k(average entry level salary is 100k in San Fran), they should consider alternatives that look like they pay less. Over the last 4 years accounting for stock rises, CoL and lower taxes, Amzn/Microsoft in Seattle would have paid out quite a bit more than FAANG in the valley.