9 ms·
Salary Stream – Software Engineer Offers
- drinkzima 7y agoThe stock-based comp portion of these are moving around incredibly quickly right now. Probably changes the calculus in lots of cases.
- trevyn 7y agoFWIW, grants are usually targeted to a specific dollar value, though the stock movement between grant and vest does affect your results. (And if this significant dip is sustained, I would expect many companies to issue additional special grants to compensate.)
- _bxg1 7y agoInteresting info and interesting website. Do they pay a small fee for each W2? Otherwise I don't see the motivation to go through that whole process
- fg6hr 7y agoFor someone making $400k, a whatever fee they have to offer wouldn't be worth 15 minutes of time. And the idea of uploading such a personal document as W-2 seems laughable. The more believable option is the informal offer letter with numbers: that could be shared, indeed.
- _bxg1 7y ago> What is Salary Stream? A digest of verified salaries sent weekly. Users upload Offer Letters, W2s, etc. We extract the relevant numbers and the share the anonymous data back with you. The whole point is that they verify them. In contrast with, say, Glassdoor. Which is why even a singular data point can be treated as meaningful. > For someone making $400k, a whatever fee they have to offer wouldn't be worth 15 minutes of time I mean, sort of. I don't see that as a reason nobody would do it.
- gumby 7y ago> For someone making $400k, a whatever fee they have to offer wouldn't be worth 15 minutes of time. It's worth it if you can pull up the median, improving the chances of getting a better offer down the road.
- alexandercrohde 7y agoIs this just an ad for triplebyte?
- Zaheer 7y agoLevels.fyi is not part of Triplebyte. They are one of our sponsors.
- julee04 7y agoHow does the stock work here? Wouldn't these vest over 4 years? Or is this how much stock they get per year?
- biesnecker 7y agoPer year.
- Zaheer 7y agoPer year. The number of shares are listed for each as well. As you can imagine, the dollar amount is changing rapidly with the market crash.
- wundering 7y agoSo, are the dollar amounts for stock we see on the website the literal amounts users entered at the time of grant or did they enter number of shares that are being translated to $ in real time?
- zuhayeer 7y agoThe dollar amount is from time of grant, the total number of shares (when available) is to help you calibrate to current market
- MuffinFlavored 7y agoThose base salaries are really not that strong in those high cost of living areas.
- TrumpMyGuns 7y agoSeriously. 172k in San Fran? Lmao!
- thorwasdfasdf 7y agoIt's stronger than any other jobs out there. But yes, you're right even the very very highest of salaries doesn't compensate enough to buy a modest 4 million$ house. You'd have to be in your 20s and rent a room with plans to leave in less than 10 years or just don't have a family.
- MuffinFlavored 7y agoI'm just saying, it isn't hard to make $140k-$160k/yr in Iowa/Missouri as a remote software engineer. You just don't get your salary again in stock options :P
- boring_twenties 7y agoThat's a hell of a "just," considering just 5 years of that could be close to enough to live the rest of your life in Iowa/Missouri without working another day.
- aeyes 7y agoPlease, even if you pay 5k for rent that still leaves you with >100k cash in the bank.
- foota 7y agoMakes me wonder: will they reissue the offer based on how much Lyft stock has dropped?
- gct 7y agoUsually they specify the stock part in dollars, it doesn't turn into a concrete number of shares until after you start.
- foota 7y agoYes, that's my point. It'll be much more shares than normal, and presuming the share price recovers (which it may not) these people will be much more highly compensated.
- gct 7y agoAh you're saying they might lower the offer assuming the stock will recover? Unlikely in the extreme I think.
- andrewljohnson 7y agoTwitch is so low: https://www.levels.fyi/comp.html?track=Software%20Engineer&search=twitch https://www.levels.fyi/comp.html?track=Software%20Engineer&s... Is that because a lot of people want to work at Twitch, and/or because Amazon doesn't pay that well?
- deleted 7y ago[deleted]
- somebodythere 7y agoIt's because the bulk RSU portion of the offer vests in the latter 2 years and the TC value given on the site is based on 1st year compensation.
- eshyong 7y agoYeah, I just started started working at Twitch about a month ago, and while I was interviewing with them I found more accurate results when I searched for Amazon salaries instead. I think part of the problem is there aren't many data points for Twitch on levels.fyi compared to other companies.
- zuhayeer 7y agoI’m from Levels.fyi, this is the second issue of Salary Stream - A digest of verified salaries sent weekly. Let me know if you have any questions! You can subscribe at https://www.levels.fyi/verified/ https://www.levels.fyi/verified/
- Relys 7y agoYour site helped me get a really nice compensation package for my current employer. I recommend it to all my friends and colleagues. Thanks! :)
- zuhayeer 7y agoAwesome to hear! Why we do what we do :)
- interskh 7y agoThanks! Wonder if one can subscribe to multiple jobs at the same time?
- zuhayeer 7y agoYup, you can subscribe to different tracks with the same email, you’d just have to refresh the page and sign up again
- beau 7y agoThis is great. Companies share these numbers with each other, good to see more visibility for employees.
- bradlys 7y agoIt's good information. Leaves me feeling hella bitter though since I'm paid less than half of that FB offer but could theoretically get the same offer. Just wish there was a more straight forward way to getting into these companies that pay so much. Has anyone had success with mock interviews? (Done by people who actually hire - not random people) I've received endless feedback from recruiters saying it's my technical performance even when I've smashed every problem. (Guessing it's cultural but they can't write that down as I rarely receive a no during a phone interview - just no's during in person)
- winter_blue 7y agoYou need to invest time in Leetcode. I made it into final round interviews with both Google and Facebook (in California), without much prep, and didn't get an offer from either. Google asked me all algorithm problems (I told them I didn't have much system design experience), whereas Facebook did a mix of algorithms, system design, and soft/personal skills.
- bradlys 7y agoI think you misunderstood what I meant - I smashed the problems as in... I destroyed them. Optimal solution out of the gate. Optimal solutions on the board only slowed down by my ability to write. It wasn't even memorization - I just practiced so much. I've done over 500 problems and over 200 technical interviews. I don't really "fail" them in the traditional sense these days. Maybe I have a really punchable face - who knows.
- inreverse 7y agoIn my experience interviewers are looking for a detailed thought process with a comparison of solutions that demonstrates your communication, not just an optimal solution. Do you provide that as well?
- bradlys 7y agoYep. I always break down the solutions I purpose and ask them if they want me to code it up. I walk them through the solution. I give them trade offs between different solutions (if there is an alternative that has the same time/space complexity). Everything... :/ EDIT: But - really - I'm not looking for feedback or critiques in this format. I've done this endlessly with people online. Instead - it would be useful to me to recommend services or experiences with mock interview services. I'm having a hard time believing anyone can give me real insight here that I haven't corrected myself. (But that insight could exist through mock interviews)
- ear5her5ahreh 7y agoPretty sure I got blacklisted from Triplebyte, it's been months but every time I check it just shows this message: > We're really sorry but we've had a surge of applications recently and are temporarily booked out of interview times.
- abraxas 7y agoDoes it even mean anything. The economic discontinuity that the virus will introduce is likely to alter all of these numbers in ways we can't predict. Most likely push salaries much lower after the layoffs hit on a wide scale.
- adamredwoods 7y agoI don't know how great this is to share, although I am curious about the numbers, as I'm sure it will depress some people. A lot of pay is based off personal intelligence and interviewing skills, which cannot be shown with quantitative numbers like years of experience.
- mandeepj 7y agoSalaries are a bit misleading on this page. Let's take LYFT's example - on landing page - salary is $420k but on inside page - it's $396k. What's the vesting period on those stocks? I'm almost sure it's not 1 year. And, that salary is for the first year. They will not be giving you $200k worth of shares every year or do they?
- enos_feedler 7y agoMy guess is 4 year vest. Unclear if the bonus is sign on or annual too.
- Zaheer 7y ago$420 is the compensation for that particular individual. The newsletter features verified compensation numbers of individuals. The number on inside page you're referring to is the average total compensation for that Lyft at the same level. The compensation is yearly. Note that this is a senior candidate (third level in Lyft's hierarchy).
- cactus2093 7y agoI think it really is what it seems. I got a similar offer from Uber a few months before their IPO - level 5a position, base salary $200k, $710k shares of RSU's vesting over 4 years, and performance based bonus with a target of $25k (it's not guaranteed the bonus target will be the same every year, but this is an annual bonus not signing bonus). So total comp just over $400k. I'm sure some people are inflating values on levels.fyi and some people are probably mixing up the 4-year vesting amounts of stock with per-year comp. But this example seems legit. Salaries like this are very real (and very crazy)
- eshyong 7y agoFrom what I heard, they only put the number of shares and an estimated value in the offer letter, so that amount is only accurate at the time they give the offer - since Lyft's shares have dropped in value it's probably worth significantly less now. Some companies give refreshers to compensate, but not sure if Lyft does.
- prlambert 7y ago
- zwieback 7y agoI feel great, make about half of what these companies offer but I don't have to work at places everyone loves to hate now.
- thorwasdfasdf 7y agoWow, this is great. It's awesome to make that much money, but it'd be pretty hard to convince yourself to work hard enough for that stock and bonus when your marginal tax rate is over 40%.
- satya71 7y agoso you'll give up your marginal 60% take?
- twblalock 7y ago> Wow, this is great. It's awesome to make that much money, but it'd be pretty hard to convince yourself to work hard enough for that stock and bonus when your marginal tax rate is over 40%. I mean, it's still a lot of money and at a FAANG you'd be working less hard than someone at a startup while making twice as much money. (This is why it's hard for startups to hire people.)
- Aloha 7y agoI'm I the only one who thinks these salary levels are both insane and not-sustainable?