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These salaries are incredibly high for someone who never worked at a tech company in the valley. What's the general consensus on whether these salaries will inc
by memn0nis 7y ago
These salaries are incredibly high for someone who never worked at a tech company in the valley. What's the general consensus on whether these salaries will increase, decrease, or stay the same in the medium term (i.e., next 5-10 years)?
- matt-attack 7y agoI want to think there will be a correction (because in so many ways it seem obnoxious), but frankly I don't see the need for their skills falling anytime soon. Tech drives everything in our world, and specifically, software.
- 0xBABAD00C 7y agoWhat kind of defeatist mentality is this? There should be a correction in the other direction, if anything.
- matt-attack 7y agoMeaning, software dev salaries should go up at these companies?
- 0xBABAD00C 7y agoAll across the industry. Engineers seem to be the most self-defeating self-doubting bunch when it comes to money. If you create X% of the value, do you want your compensation to be commensurate with your contribution, or do you want to experience a "correction" because it's "obnoxious", while the executive class enjoys the spoils? I have worked with brilliant software engineers who have expressed thoughts such as "personally I think I'm being paid too much". It's just crazy to me that this attitude exists, and I'm sure it's encouraged by people who don't think like that at all.
- doublement 7y agoWith nothing to back me up except the general impression I have, these numbers look out-of-whack even for the highest-paying employers in the Bay Area.
- Zaheer 7y agoWe have verified offer letters for several of these companies that users have submitted to us.
- doublement 7y agoIt would probably be an interesting article to delve into what accounts for the difference between the Bay Area's $227,000 median (which sounds about right) and the $400K-$500K that 5 years of experience gets at the top of your list. The difference is striking, essentially paying double the median amount for moderately experienced employees.
- joshuamorton 7y agoThat's easy: most people aren't senior/staff engineers.
- doublement 7y agoConsidering that the overall category is "software engineering compensation", many people will be senior/staff engineers, unless people are constantly washing out in less than 5 years time.
- joshuamorton 7y agoStaff usually makes up less than 10% of people, and senior is above the median at most places. Levels.Fyi further biases towards new grads. A more representative sample would likely move the median higher. And most people are at the low end of senior after five years, if that. Let me reiterate that: the median silicon valley swe has under 5YOE.