5 ms·

How do you come to $500k? Wouldn't that require that the new grad would be able to get a $266k job at a larger company? That doesn't seem particularly realist

How do you come to $500k? Wouldn't that require that the new grad would be able to get a $266k job at a larger company? That doesn't seem particularly realistic.

scarmig 7y ago
Rough numbers, but I'm thinking roughly $200k, $230k, $260k. It's an order of magnitude estimate, take that for what it's worth. If the new grad is instead investing $300k, the calculus remains about the same.
- harimau777 7y ago
  I think it's fair to say that someone who can get that sort of job right out of college probably should. However, I'm not sure that the vast majority of engineers can do that.
  - jefftk 7y ago
    When I started at Google my first three full years were $213k, $233k, $287k (https://www.jefftk.com/money https://www.jefftk.com/money). Some of this was stock growth (which is not guaranteed and I was lucky there) but I think this sort of pay is reasonably typical for people who are considering a FAANG offer.
    - etrk 7y ago
      You didn't join straight out of school.
      - jefftk 7y ago
        Whoops, thanks! I'd missed that! I don't think that had a large effect on my compensation, if any: I joined at L3, which is what most new grads are hired at, and my salary before Google was low enough that I don't think it pushed up my offer at all. I also didn't get offers from multiple places, which is the sort of thing that (a) results in higher offers and (b) is the sort of thing new grads usually do. But ideally someone hired right out of school would be up for sharing their comp?
        viklove 7y ago
        Mind sharing what your rent was during those 3 years? The best figure would actually be comp minus taxes and rent. edit: Oh, I see you were in Boston -- that's a great deal then. I still wouldn't want to work for Google for idealogical reasons, but I can see why the money would attract others. You also had ~9 YEARS of full time experience at that point, which makes it a lot less impressive.
        jefftk 7y ago
        I'm in Boston, and our rent was about $1100/month for a couple. Rents are higher now (https://www.jefftk.com/p/boston-rents-over-time https://www.jefftk.com/p/boston-rents-over-time) and we have kids now. Taxes would be higher but we donate 50% of our income (https://www.jefftk.com/donations https://www.jefftk.com/donations) so I'm not sure how you'd count that? Also, I didn't have ~9 years of full time work when I started at Google, I had 3.5. My first full time programming job started fall 2008, and this was Spring 2012.
        viklove 7y ago
        If you were making 60k+ through your college "internships," I would put them at the same level as full-time work. My first college internship was $9/hour with no benefits, and it lasted 6 weeks... Also, donations are discretionary, so you wouldn't count them at all -- you would just count your salary minus your tax rate (not counting deductions, so that the average Joe can get some context).
        jefftk 7y ago
        If you look back at https://www.jefftk.com/money https://www.jefftk.com/money you'll see I wasn't earning more than $12/hr until my first programming job in fall 2008.
      - amznthrowaway5 7y ago
        He had 3.5 years of experience and those salaries are from 2012-2015. Skilled new grads can pull more than that nowadays.
        deleted 7y ago
        [deleted]
  - lotsofpulp 7y ago
    Perhaps there is overlap between the person who can successfully create and grow a company, and someone who can get that job out of college.
Vadoff 7y ago
Yeah $300k is probably more accurate for 3 years.

How do you come to $500k? Wouldn't that require that the new grad would be able to get a $266k job at a larger company? That doesn't seem particularly realistic.

scarmig 7y ago

Rough numbers, but I'm thinking roughly $200k, $230k, $260k. It's an order of magnitude estimate, take that for what it's worth. If the new grad is instead investing $300k, the calculus remains about the same.

harimau777 7y ago
I think it's fair to say that someone who can get that sort of job right out of college probably should. However, I'm not sure that the vast majority of engineers can do that.
- jefftk 7y ago
  When I started at Google my first three full years were $213k, $233k, $287k (https://www.jefftk.com/money https://www.jefftk.com/money). Some of this was stock growth (which is not guaranteed and I was lucky there) but I think this sort of pay is reasonably typical for people who are considering a FAANG offer.
  - etrk 7y ago
    You didn't join straight out of school.
    - jefftk 7y ago
      Whoops, thanks! I'd missed that! I don't think that had a large effect on my compensation, if any: I joined at L3, which is what most new grads are hired at, and my salary before Google was low enough that I don't think it pushed up my offer at all. I also didn't get offers from multiple places, which is the sort of thing that (a) results in higher offers and (b) is the sort of thing new grads usually do. But ideally someone hired right out of school would be up for sharing their comp?
      - viklove 7y ago
        Mind sharing what your rent was during those 3 years? The best figure would actually be comp minus taxes and rent. edit: Oh, I see you were in Boston -- that's a great deal then. I still wouldn't want to work for Google for idealogical reasons, but I can see why the money would attract others. You also had ~9 YEARS of full time experience at that point, which makes it a lot less impressive.
        jefftk 7y ago
        I'm in Boston, and our rent was about $1100/month for a couple. Rents are higher now (https://www.jefftk.com/p/boston-rents-over-time https://www.jefftk.com/p/boston-rents-over-time) and we have kids now. Taxes would be higher but we donate 50% of our income (https://www.jefftk.com/donations https://www.jefftk.com/donations) so I'm not sure how you'd count that? Also, I didn't have ~9 years of full time work when I started at Google, I had 3.5. My first full time programming job started fall 2008, and this was Spring 2012.
        viklove 7y ago
        If you were making 60k+ through your college "internships," I would put them at the same level as full-time work. My first college internship was $9/hour with no benefits, and it lasted 6 weeks... Also, donations are discretionary, so you wouldn't count them at all -- you would just count your salary minus your tax rate (not counting deductions, so that the average Joe can get some context).
        jefftk 7y ago
        If you look back at https://www.jefftk.com/money https://www.jefftk.com/money you'll see I wasn't earning more than $12/hr until my first programming job in fall 2008.
    - amznthrowaway5 7y ago
      He had 3.5 years of experience and those salaries are from 2012-2015. Skilled new grads can pull more than that nowadays.
      - deleted 7y ago
        [deleted]
- lotsofpulp 7y ago
  Perhaps there is overlap between the person who can successfully create and grow a company, and someone who can get that job out of college.

Vadoff 7y ago

Yeah $300k is probably more accurate for 3 years.