4 ms·

What's the net worth of an L6 for 8 years at Google?

jjasghar 8y ago
https://www.glassdoor.com/Salary/Google-Staff-Software-Engineer-L6-Salaries-E9079_D_KO7,33.htm https://www.glassdoor.com/Salary/Google-Staff-Software-Engin...
- romed 8y ago
  I'm pretty sure glassdoor is a conspiracy by FAANG executives to confuse their employees. If you believe these numbers you will not be able to get what you deserve when negotiating comp at these companies.
  - Zaheer 8y ago
    I helped make https://www.Levels.fyi https://www.Levels.fyi - a lot of folks reference our site as being the most accurate for FANG compensation. I would also check PayScale, Paysa, Blind, etc
    - romed 8y ago
      Very nice. Your numbers are consistent with my experience, and the presentation is very useful.
- madeuptempacct 8y ago
  I have never had Glassdoor give a useful estimate of any job I had, including those at major companies.
oblio 8y ago
Since from what I hear a fresh grad in the Bay Area gets $100k+ just in cash, we could extrapolate. I'm guessing that's at least $150k (probably more like $200k+ in today's market) in total compensation for year. Add about $20k+ in cash and probably the close to the same in Google shares per level, that would make it easily $400k per year. So he would have gotten $3.2 million, I can't imagine his expenses being higher than half of that, so he should be worth $1.6 million after 8 years. Probably more. I'm curious how off my estimations are :)
- mywittyname 8y ago
  Also, if he was in Mountain View, it's likely that he owned a home and that contributed a bit. The tech sector stock growth has been amazing/unprecedented over that time period. His first few years of stock grants have tripled or more in value. I'm betting it's something like $2.6mm. $1.5mm in saved income, $0.8 in stock appreciation on savings, and $0.3 in housing/misc.
- thaumasiotes 8y ago
  ...are you assuming a 0% tax rate?
- rpcastagna 8y ago
  You're so low it's actually kind of uncomfortable.
  - oblio 8y ago
    thausamiote thinks I’m at the other end of the spectrum because I forgot taxes :o)
exhaze 8y ago
Other estimates in the thread (and Glassdoor) for annual TC are way off. L6 at G is a big range - 350-700k. Hard to say how much the guy made, because it depends on how much stock he kept vs. sold throughout the years, so I'll do a range. Let's assume he worked from 2010-2018: Average TC: $450k - $850k Post-tax: $270k - $470k Annual expenses: $60k - $120k Savings: $1.2m - $3.3m Obviously this is a gross simplification, since it ignores other investments and makes pretty broad assumptions about their expenses, but it should give you the broad strokes.

https://www.glassdoor.com/Salary/Google-Staff-Software-Engineer-L6-Salaries-E9079_D_KO7,33.htm https://www.glassdoor.com/Salary/Google-Staff-Software-Engin...

romed 8y ago
I'm pretty sure glassdoor is a conspiracy by FAANG executives to confuse their employees. If you believe these numbers you will not be able to get what you deserve when negotiating comp at these companies.
- Zaheer 8y ago
  I helped make https://www.Levels.fyi https://www.Levels.fyi - a lot of folks reference our site as being the most accurate for FANG compensation. I would also check PayScale, Paysa, Blind, etc
  - romed 8y ago
    Very nice. Your numbers are consistent with my experience, and the presentation is very useful.
madeuptempacct 8y ago
I have never had Glassdoor give a useful estimate of any job I had, including those at major companies.

oblio 8y ago

Since from what I hear a fresh grad in the Bay Area gets $100k+ just in cash, we could extrapolate. I'm guessing that's at least $150k (probably more like $200k+ in today's market) in total compensation for year. Add about $20k+ in cash and probably the close to the same in Google shares per level, that would make it easily $400k per year. So he would have gotten $3.2 million, I can't imagine his expenses being higher than half of that, so he should be worth $1.6 million after 8 years. Probably more. I'm curious how off my estimations are :)

mywittyname 8y ago
Also, if he was in Mountain View, it's likely that he owned a home and that contributed a bit. The tech sector stock growth has been amazing/unprecedented over that time period. His first few years of stock grants have tripled or more in value. I'm betting it's something like $2.6mm. $1.5mm in saved income, $0.8 in stock appreciation on savings, and $0.3 in housing/misc.
thaumasiotes 8y ago
...are you assuming a 0% tax rate?
rpcastagna 8y ago
You're so low it's actually kind of uncomfortable.
- oblio 8y ago
  thausamiote thinks I’m at the other end of the spectrum because I forgot taxes :o)

exhaze 8y ago

Other estimates in the thread (and Glassdoor) for annual TC are way off. L6 at G is a big range - 350-700k. Hard to say how much the guy made, because it depends on how much stock he kept vs. sold throughout the years, so I'll do a range. Let's assume he worked from 2010-2018: Average TC: $450k - $850k Post-tax: $270k - $470k Annual expenses: $60k - $120k Savings: $1.2m - $3.3m Obviously this is a gross simplification, since it ignores other investments and makes pretty broad assumptions about their expenses, but it should give you the broad strokes.