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Citation? Even in the Bay Area the median is considered somewhere around $150k.
by ironmagma 5y ago
Citation? Even in the Bay Area the median is considered somewhere around $150k.
- rawtxapp 5y agoI've worked at one of the FAANG for 6+ years, have coworkers/friends at each one of them and people openly talk/compare their compensations. edit: I'm not surprised about the median, big tech has roughly around ~200-300k engineers, probably slightly less of it in Bay Area which has a population of ~7.7M, so it probably doesn't affect statistics all that much.
- deleted 5y ago[deleted]
- aidenn0 5y agoI looked into bay area jobs and FAANG was worth a minimum of $40k premium over working at other companies.
- andrewljohnson 5y agoHere you go: https://www.levels.fyi/ https://www.levels.fyi/
- ironmagma 5y agoJudging by levels.fyi it's exactly what I said, L4 at Google makes ~$157k a year. If you're talking about TC that has to be said; most people when they are talking about "making X amount" are talking about salary.
- andrewljohnson 5y agoTotal comp is what matters, and that's what people talk about. Bonus and RSUs are just cash. L4 SE makes $266K: https://www.levels.fyi/company/Google/salaries/Software-Engineer/ https://www.levels.fyi/company/Google/salaries/Software-Engi... And L4 is one rung above entry level, 1-2 years at Google, right out of college.
- xenihn 5y ago>If you're talking about TC that has to be said; most people when they are talking about "making X amount" are talking about salary. Not in tech.
- ironmagma 5y agoSo what’s the recommended way of talking about how much you make when you are at a startup which only has stock options, where the stocks may eventually be worth hundreds of thousands but are currently worth 0?
- comp_throw7 5y agoIf it's an early-stage startup, "base salary (+ bonus if applicable) + paper money". If it's a late-stage startup where you're getting RSUs and the company is likely to go public soon, people usually give a TC number that assumes equity pricing at FMV with the understanding that much of it is illiquid (I'd personally put a 30-40% discount on that kind of equity offered by late-stage startups to compensate for the illiquidity, uncertainty, and risk, but different people will have different numbers, and obviously the specific details of each situation are also important).
- xenihn 5y agogo ahead and count them if you work at robinhood or stripe you could also just lie if it's that important to you
- ironmagma 5y agoWell the question was more around what to count them as since there’s a wide range. In my experience people typically just mention salary and count stock options as 0 but everyone in this thread seems to disagree.
- joshuamorton 5y agoThe answer is that it differs between public and private companies. It's exceedingly difficult to value the equity in a startup that may not IPO for years. Its exceedingly easy to value RSUs that vest each month and then are immediately sold for cash.
- adventured 5y agoThat's definitely off the mark for the Bay Area. The median software developer nationally, with a pool of 1.47 million developers, is $110,000 as of 2020 according to the BLS. That median developer is going to be in places like Atlanta, Des Moines or Pittsburgh.
- ska 5y agoIt's simple; most bay area, like most everywhere, is not FAANG. Treating a non-unimodal distribution as if it were unimodal leads to all sorts of silliness.
- ironmagma 5y agoI agree. Why compare game developers to FAANG at all? When deciding if it’s worth it, the main thing I want to know is how it stacks up to an average software job.
- chris11 5y agoI don't entirely agree, averages are useful for decisions like deciding if I want to move to a new city, or deciding what type of job I want. But I want a great fit when I'm looking for a new job. If I have an average job that I don't have strong feelings for, I don't need to accept the first good offer. So I can wait for something I'm really excited about.