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I think that is really a myth(highest pay). I know that bytedance pays more than netflix(stock + cash), also hedge funds, citadel and DE Shaw pay way more than

I think that is really a myth(highest pay). I know that bytedance pays more than netflix(stock + cash), also hedge funds, citadel and DE Shaw pay way more than netflix does. 500k-700k all cash, I just chatted with their recruiters the past month and this is what they saying comp packages for senior+ engineers go for.

fractionalhare 6y ago
Netflix median engineer comp is about $500k, if I recall correctly. They can go significantly higher. It's really not a myth that they'll typically beat out the rest of FAANG. Trading firms can beat Netflix, but the variance in pay is much higher and in my experience they tend to be more selective (and there are fewer roles available). I wouldn't say the typical engineer at DE Shaw is earning "way more" than the typical engineer at Netflix. Source: I have friends at Netflix, Citadel and DE Shaw, including a director at Netflix and a VP at DESCO.
lotsofpulp 6y ago
Pay per hour is less at hedge funds and/or income is more volatile. Plus I would put a hefty quality of life premium for being able to live on the west coast over being stuck in NYC/Chicago.
- subsubzero 6y ago
  Agree, any of the companies I mentioned I would never work at. Bytedance does 996, 9am to 9pm 6 days a week. Netflix has a keep looking over your back attitude which to me seems super toxic(have had 3 friends work there, and all three would not recommend it). Lastly hedge funds require work in places I would never live at: NYC, CHI, etc and have a cut throat culture that to me is not worth the positives(salary).
- kevstev 6y ago
  I have not had much volatility when working at a hedge fund, or even finance more generally. It might be different in a pure front office role where your bonus pool is directly tied to the profit you generate, but being in a tech role, you can generally expect to get what you got last year, plus a little (for varying values of little) more than you got last year. At worst my comp stagnated during the financial crisis. Hours can vary widely between teams/projects but I generally don't have an issue with the hours- like all companies we have our crunch times, but the general day to day is pretty much 9-6.

fractionalhare 6y ago

Netflix median engineer comp is about $500k, if I recall correctly. They can go significantly higher. It's really not a myth that they'll typically beat out the rest of FAANG. Trading firms can beat Netflix, but the variance in pay is much higher and in my experience they tend to be more selective (and there are fewer roles available). I wouldn't say the typical engineer at DE Shaw is earning "way more" than the typical engineer at Netflix. Source: I have friends at Netflix, Citadel and DE Shaw, including a director at Netflix and a VP at DESCO.

lotsofpulp 6y ago

Pay per hour is less at hedge funds and/or income is more volatile. Plus I would put a hefty quality of life premium for being able to live on the west coast over being stuck in NYC/Chicago.

subsubzero 6y ago
Agree, any of the companies I mentioned I would never work at. Bytedance does 996, 9am to 9pm 6 days a week. Netflix has a keep looking over your back attitude which to me seems super toxic(have had 3 friends work there, and all three would not recommend it). Lastly hedge funds require work in places I would never live at: NYC, CHI, etc and have a cut throat culture that to me is not worth the positives(salary).
kevstev 6y ago
I have not had much volatility when working at a hedge fund, or even finance more generally. It might be different in a pure front office role where your bonus pool is directly tied to the profit you generate, but being in a tech role, you can generally expect to get what you got last year, plus a little (for varying values of little) more than you got last year. At worst my comp stagnated during the financial crisis. Hours can vary widely between teams/projects but I generally don't have an issue with the hours- like all companies we have our crunch times, but the general day to day is pretty much 9-6.