3 ms·

Are you offering a competitive salary?

bradlys 7y ago
I mean... does any startup when compared to FAANG? Salaries are basically the same but the total compensation is, obviously, wildly different since expected value for startup stock is horrible.
- swivelmaster 7y ago
  Facebook is offering new CS grads from top schools $180k+ a year plus $30k+ signing bonus. That's cash. Most startups can't afford that unless they are very well funded.
  - bradlys 7y ago
    $180k salary? I know they offer some ridiculous numbers for top candidates but that seems high for any new grad. That'd push them near $250k with stock.
  - screye 7y ago
    Levels.fyi seems to disagree See here : https://www.levels.fyi/salary/Facebook/SE/E3/ https://www.levels.fyi/salary/Facebook/SE/E3/ It is closer to a 155K + signing Bonus.
    - swivelmaster 7y ago
      Hm, perhaps I'm thinking of a different company.
- JohnFen 7y ago
  > I mean... does any startup when compared to FAANG? Yes, in my experience. Unless, as you mentioned, you count stock options or similar (which I don't).
  - bradlys 7y ago
    You should really count them. They're basically cash after you vest with a public company. Startups have a very low chance of that stock becoming worth anything even after it vests. Comparing faang compensation at $300k tc vs $180k salary plus Monopoly money... Faang wins often enough since you never get enough stock in startups for it to be really worth it. (Short of being a founder)
    - JohnFen 7y ago
      > You should really count them. I've been in the industry too long to put any real value on them, regardless of whether they're from a Fortune 50 company or a startup. Sure, sometimes they pay, but it's always a gamble. I sorta view them more like lottery tickets than actual compensation.
      - ThePawnBreak 7y ago
        Dude, the stock you get as a Facebook employee is literally money. It vests every month, so you can go to a broker every month and sell it for thousands of dollars of hard cash. No waiting for IPO, no hoping the stock goes up, no 4 year vesting, no board approvals, no nothing.
        JohnFen 7y ago
        It may be close, but it is not literally money. If it were, then why wouldn't they just pay the money rather than going through the hassle and expense (for both the company and the employee) of issuing stock? But that's all beside the point. I understand why these sorts of things may be appealing to people. They just aren't to me, so they don't factor in as "compensation" when I'm evaluating a job opportunity.

I mean... does any startup when compared to FAANG? Salaries are basically the same but the total compensation is, obviously, wildly different since expected value for startup stock is horrible.

swivelmaster 7y ago
Facebook is offering new CS grads from top schools $180k+ a year plus $30k+ signing bonus. That's cash. Most startups can't afford that unless they are very well funded.
- bradlys 7y ago
  $180k salary? I know they offer some ridiculous numbers for top candidates but that seems high for any new grad. That'd push them near $250k with stock.
- screye 7y ago
  Levels.fyi seems to disagree See here : https://www.levels.fyi/salary/Facebook/SE/E3/ https://www.levels.fyi/salary/Facebook/SE/E3/ It is closer to a 155K + signing Bonus.
  - swivelmaster 7y ago
    Hm, perhaps I'm thinking of a different company.
JohnFen 7y ago
> I mean... does any startup when compared to FAANG? Yes, in my experience. Unless, as you mentioned, you count stock options or similar (which I don't).
- bradlys 7y ago
  You should really count them. They're basically cash after you vest with a public company. Startups have a very low chance of that stock becoming worth anything even after it vests. Comparing faang compensation at $300k tc vs $180k salary plus Monopoly money... Faang wins often enough since you never get enough stock in startups for it to be really worth it. (Short of being a founder)
  - JohnFen 7y ago
    > You should really count them. I've been in the industry too long to put any real value on them, regardless of whether they're from a Fortune 50 company or a startup. Sure, sometimes they pay, but it's always a gamble. I sorta view them more like lottery tickets than actual compensation.
    - ThePawnBreak 7y ago
      Dude, the stock you get as a Facebook employee is literally money. It vests every month, so you can go to a broker every month and sell it for thousands of dollars of hard cash. No waiting for IPO, no hoping the stock goes up, no 4 year vesting, no board approvals, no nothing.
      - JohnFen 7y ago
        It may be close, but it is not literally money. If it were, then why wouldn't they just pay the money rather than going through the hassle and expense (for both the company and the employee) of issuing stock? But that's all beside the point. I understand why these sorts of things may be appealing to people. They just aren't to me, so they don't factor in as "compensation" when I'm evaluating a job opportunity.