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I feel like people try to tell themselves this, but money is BY FAR the most important factor. And FAANGs pay a ton. Maybe this can be true if you're going fro
by thelean12 6y ago
I feel like people try to tell themselves this, but money is BY FAR the most important factor. And FAANGs pay a ton.
Maybe this can be true if you're going from like $250k to $270k from FAANG to FAANG.
But most of the time we're talking about something like $180k to $250k when getting poached to a FAANG. It would take a huge amount of perks or otherwise to make that gap worth it.
(Of course this isn't true for everyone. But it's true for most)
- hinkley 6y agoI know a guy who passed on Apple because they weren't offering anywhere near that. Are a lot of people really seeing this kind of money?
- faangFar 6y agoApple is known to live off Marketing. Wouldn't surprise me if they had low wages in favor of koolaid drinkers (for lack of a better term)
- khalilravanna 6y agoYes: https://www.levels.fyi/ https://www.levels.fyi/
- hinkley 6y agoSee, I always have trouble with 'stock'. I need more details. Is it a stock grant, or an option grant? Because with a publicly traded company, they'll let anyone buy options. The difference is that I don't have to wait 2 years, but I also don't get to wait three years if things aren't great at 2.
- dpeck 6y agoIt’s a grant. You’re given $x value of stock (say $100k). It vests, meaning you can do with what you want, usually at 25% per year, often with a cliff at 1 year and then quarterly/monthly after that. You may have restrictions on when you can sell depending on your position in the company and other rules. But that mostly sums it up at a high level.
- khalilravanna 6y agoAFAIK it’s a stock grant with a vesting (going to assume 3 year, 1 year cliff) period. So after 4 years at BigCo I own $200k in BigCo stock. I agree, options would worthless. They only seem valuable for startups where you’re paying pennies against the potential of a $10/share IPO.
- oblio 6y agoIt's always stock grants. Only crappy companies give their employees option grants these days. FAANG doesn't do it, as well as the second tier of tech companies (Oracle, Adobe, etc.). And they will make you rich. Someone who works for these companies at a non-junior level for more than 5-10 years and is reasonable about expenses can quite easily become a millionaire if they work in their offices in developed countries. 5 years for senior positions, 10 years for regular positions.
- maxlamb 6y agoTotal compensation, yes (i.e. base salaries are usually much lower)
- thelean12 6y agoI've generally seen high 100s low 200s for L3, mid to high 200s for L4, 300s for L5. This is total comp. I don't know Apple specifically but I'm basing this off of a few of the FAANGs that I have experience with.
- trhway 6y ago>But most of the time we're talking about something like $180k to $250k when getting poached to a FAANG In the last couple years we're talking 2-3x from our BigCo's $150-250K. Getting such an increase people do feel like being hit by a bus - at least my friend looked that way for a few days after getting such 3x offer couple years ago from a FAANG style company :) Our managers don't even try to match - during the 2019 not FAANGs gave 2x, 2x and 1.5x (that one still got lucky as his RSUs value almost doubled because of acquisition right before his first year cliff) to the other 3 acquaintances, and beginning of this year a teammate got 2x from Apple after concurrents with another FAANG and couple non-FAANGs.
- throw1234651234 6y agoWait, are you saying 150-250k is standard and you can get more at FAANG? Most senior devs I know aren't breaking $130 in a flyover. To be clear, a lot aren't breaking $100,000.
- trhway 6y agoIt _was_ standard few years back and is still for anybody who hasn't changed job in the last 2-3 years. In our BigCo we're loosing people fast (only lazy sediment like me - Google gave me only 1x - is still there), and the new people, not much of them around though, are getting $300K+ .
- throw1234651234 6y agoI am lost between not believing you and questioning what I am doing with my life.
- mrep 6y agoIt's about 180k for beginner level, 260k for the level above that, and 370k for seniors at G/FB [0]. And if you consider Chicago flyover, then you can get close to those numbers even in flyover as I'm in Chicago and pulling about 5% less than those numbers. Although it definitely is easier to find those jobs in NYC/Seattle/Bay area. [0]: https://www.levels.fyi/company/Facebook/salaries/Software-Engineer/ https://www.levels.fyi/company/Facebook/salaries/Software-En...
- cellularmitosis 6y ago> I feel like people try to tell themselves this, but money is BY FAR the most important factor I can only offer the anecdote of myself, but I've floated the idea several times of taking a pay _cut_ to obtain more autonomy. No manager has ever taken me up on it.
- piva00 6y agoI've floated around skipping a promotion cycle to work 4 days/week for same pay. No manager has ever taken me up on it either.
- throwaway0a5e 6y agoI feel like people tell themselves the opposite so they can justify continuing to run the SV rat race. Sure you might be able to sock away an extra $10k/yr but the valley is gonna eat most of your raise and leave you miserable if you don't drink the kool-aid.
- pb7 6y agoIs it? Or is it because you can sock away way more than $10K/year extra and have a very enjoyable life both at and outside of work?