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Because you can get much easier jobs that pay $250k? And because jobs at that level at other big companies frequently pay much more than the current $500k, even
by ericd 7y ago
Because you can get much easier jobs that pay $250k? And because jobs at that level at other big companies frequently pay much more than the current $500k, even? Basically, you're going to get outbid for the people you want.
- Dylan16807 7y agoBeing a vice president doesn't seem particularly hard, as jobs go. The 99th percentile for income is $300k, and there's no way the difficulty even approaches that percentile. Can you name some much easier jobs that pay that much? You'll always be outbid for the absolute best, but I see no reason you wouldn't have plenty of viable candidates when you're offering >98th percentile income for a management job.
- ericd 7y agoBeing a developer at one of the big tech companies is much easier than being an SVP in a big org, as one example. From what I've seen, you need to be extremely type A to succeed as an SVP most places.
- Dylan16807 7y agoThat might pay $150k, which is significantly less. Also being "extremely type A" doesn't sound like a difficulty, really. And I don't see how it justifies 99th percentile pay either.
- opportune 7y agoMaybe right out of school with no competing offers There are 24 year olds at LinkedIn and Facebook making $300k
- Google234 7y agoAnd Google. Def possible to be a high performing L4 or even L5 at 24.
- ericd 7y agoThere’s a lot wrapped up in that statement about being extremely Type A. Like responding to emails after hours within 5 minutes. Maybe you don’t think that’s difficult, but it certainly means sacrificing a lot of your home life in a way that a lot of jobs don’t involve. And yeah, you clearly haven’t been keeping up with dev pay scales at big companies if you think it tops out at 150k. I knew people at $300k total comp a few years out of school, and senior engineers can make far more.
- Dylan16807 7y agoIf you're one VP of many, you might have to work out of hours occasionally, but you can have a special emergency line that's only used ten times a year. You don't need to sacrifice your life the way a small business CEO might have to. > And yeah, you clearly haven’t been keeping up with dev pay scales at big companies if you think it tops out at 150k. Okay. I don't know any of these devs and just did a search.
- ericd 7y agoCheck out levels.fyi for a good source of salary info if you want to get a better picture. SVPs at big companies run entire divisions of thousands of people. They make it to those levels by being workaholics and politically adept.