3 ms·
Percentage of engineers, or senior engineers? Overall, I'd guesstimate 40% make 400k or more, with most senior engineers making that much. Not at all atypical,
by scarmig 7y ago
Percentage of engineers, or senior engineers?
Overall, I'd guesstimate 40% make 400k or more, with most senior engineers making that much. Not at all atypical, particularly if you've been at one for a couple years.
- Apocryphon 7y agoIs this really accurate? And even if total comp is somehow $400k, how much of that is equity, and how many senior engineers are liquidating it every year to get $400k in cash? That seems wildly overblown. And that equity shouldn’t be factored into the above breakdown anyway, at least not in the taxes calculation!
- scarmig 7y agoEquity is a whole lot of that. And yes, people liquidate it immediately. RSUs count as income.
- twblalock 7y agoI'd say most of the FAANG engineers I know cash out their RSUs when they vest, or within about a year or two after.
- baron_harkonnen 7y agoRSUs are not the same as private equity in a startup. While they are subject to market fluctuations they can be liquidated immediately on vesting (annually then frequently quarterly). They are taxed just like regular income... because they are regular income. As to how many engineers are liquidating at vest? It’s honestly the most sensible option to diversify quickly since you don’t want your investment, savings and income all tied up in one company.
- cheese4242 7y agoSo you're saying 40% of FAANG engineers (not just seniors, but all engineers) are pulling in 400k? That's nuts... I swear the number being thrown around for FAANG was ~250k not that long ago. Next time I check one of these threads it will be 500k....