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That's nyu undergrad business majors. MBA is 150k on average. http://www.stern.nyu.edu/OCD/Recruiters/PlacementReports/index.htm http://www.stern.nyu.edu/OCD/R

by equark 15y ago

That's nyu undergrad business majors. MBA is 150k on average. http://www.stern.nyu.edu/OCD/Recruiters/PlacementReports/index.htm http://www.stern.nyu.edu/OCD/Recruiters/PlacementReports/ind...

nostrademons 15y ago
Total compensation. Only $100K base salary. From the salary survey posted here a couple days ago, a number of HN readers are doing better. Also, remember that that includes an average of 5 years work experience. How much do engineers with 7 years of work experience, or 5 years and a master's degree, make?
- roel_v 15y ago
  Not sure why the distinction base/bonus matters. What counts is the total one makes at the end, no matter how it's divided. Re: 150k, outside of the Valley & NYC, significantly less.
  - nostrademons 15y ago
    Right, and total compensation for skilled software engineers is easily more than $150K. So in an apples-to-apples comparison, the techies don't come out so bad. The bulk of the NYU grads cited in the statistics above were working in the Northeast (presumably NYC), so again, comparing them to Silicon Valley engineers is totally apples-to-apples. If anything, it's unfair to the Silicon Valley folks, as cost of living is higher in Manhattan than SV.
    - roel_v 15y ago
      "Right, and total compensation for skilled software engineers is easily more than $150K" [citation needed] 150+ is still rather unusual, as far as I know. Glassdoor.com says that, for example, at Fog Creek (a company that is quite famous and brags about how well it pays its engineers; and has offices in NYC) the one engineer who filled in his salary makes between 92k and 100k. That's a long way off from 150k, and I'm highly skeptical that even 'skilled' softwared engineers will can easily make more than 150 as an employee. (EDIT: Median software engineer salary in NYC is 80k according to glassdoor.com.)
      - nostrademons 15y ago
        Salary survey here on Hacker News 4 days ago: http://news.ycombinator.com/item?id=2763932 http://news.ycombinator.com/item?id=2763932 (When I looked at it last, there were actually a lot fewer responses in the <$60K and $60-100K range...maybe all the students and junior devs responded over the weekend.) This is for base salary, so it's comparable with the $100K number. There are roughly 700 respondents that make over $100K base in the poll, and close to 200 that make $150K+ base, which I would consider a fairly decent-sized chunk. The citation in the poll says that StackExchange's top end is about $200K.
        roel_v 15y ago
        Yes, I saw that survey, but I don't see why it's base salary only; the more logical reading of it is total compensation, and I think many people filled it in as such. 150k+ is the 93th percentile in that survey, and the whole survey is I think biased towards the upper end. But even without that, calling the 93th percentile something that a merely skilled developer can "easily" make is a stretch, to put it mildly. All data contradicts it - not just this poll, glassdoor.com, other informal surveys, but also e.g. the bureau of labor statistics (http://www.bls.gov/oco/ocos303.htm http://www.bls.gov/oco/ocos303.htm) Don't be fooled by people reporting ranges and then taking the top end. By that standard, if you go work for a Fortune 500 company people make 'up to 15 million' if that's what the CEO makes. Professional basketball players don't make 'up to 50 million a year', there are maybe a few who do that, but that doesn't make it attainable for the regular ones, or even the 90th percentile.
        nostrademons 15y ago
        Man, I would've felt so much better about my answer on that survey if I'd assumed it was talking total compensation. :-) I suppose a lot depends on your definition of "easily". Yes, the poll is biased towards the high end - because it's on Hacker News, and typically people who aren't passionate about programming don't visit here. But what's the question that readers of this comment thread are asking? My guess is it's whether they can be making $150K+ after being out in the real world for 7 years or so. And I don't think that's all that unreasonable. They're already part of the self-selecting group that the poll is being drawn from. We know from other HN polls that HN skews young: I don't remember offhand the proportion of readers that are over 30, but I believe it was only 15-20%. If we assume that experience and salary are pretty sharply correlated, that's a pretty large chunk of the older crowd that are raking in the big bucks. It's not a lottery ticket; it's something that a good number of the people you're talking with have achieved.

by equark 15y ago

That's nyu undergrad business majors. MBA is 150k on average. http://www.stern.nyu.edu/OCD/Recruiters/PlacementReports/index.htm http://www.stern.nyu.edu/OCD/Recruiters/PlacementReports/ind...

nostrademons 15y ago

Total compensation. Only $100K base salary. From the salary survey posted here a couple days ago, a number of HN readers are doing better. Also, remember that that includes an average of 5 years work experience. How much do engineers with 7 years of work experience, or 5 years and a master's degree, make?

roel_v 15y ago
Not sure why the distinction base/bonus matters. What counts is the total one makes at the end, no matter how it's divided. Re: 150k, outside of the Valley & NYC, significantly less.
- nostrademons 15y ago
  Right, and total compensation for skilled software engineers is easily more than $150K. So in an apples-to-apples comparison, the techies don't come out so bad. The bulk of the NYU grads cited in the statistics above were working in the Northeast (presumably NYC), so again, comparing them to Silicon Valley engineers is totally apples-to-apples. If anything, it's unfair to the Silicon Valley folks, as cost of living is higher in Manhattan than SV.
  - roel_v 15y ago
    "Right, and total compensation for skilled software engineers is easily more than $150K" [citation needed] 150+ is still rather unusual, as far as I know. Glassdoor.com says that, for example, at Fog Creek (a company that is quite famous and brags about how well it pays its engineers; and has offices in NYC) the one engineer who filled in his salary makes between 92k and 100k. That's a long way off from 150k, and I'm highly skeptical that even 'skilled' softwared engineers will can easily make more than 150 as an employee. (EDIT: Median software engineer salary in NYC is 80k according to glassdoor.com.)
    - nostrademons 15y ago
      Salary survey here on Hacker News 4 days ago: http://news.ycombinator.com/item?id=2763932 http://news.ycombinator.com/item?id=2763932 (When I looked at it last, there were actually a lot fewer responses in the <$60K and $60-100K range...maybe all the students and junior devs responded over the weekend.) This is for base salary, so it's comparable with the $100K number. There are roughly 700 respondents that make over $100K base in the poll, and close to 200 that make $150K+ base, which I would consider a fairly decent-sized chunk. The citation in the poll says that StackExchange's top end is about $200K.
      - roel_v 15y ago
        Yes, I saw that survey, but I don't see why it's base salary only; the more logical reading of it is total compensation, and I think many people filled it in as such. 150k+ is the 93th percentile in that survey, and the whole survey is I think biased towards the upper end. But even without that, calling the 93th percentile something that a merely skilled developer can "easily" make is a stretch, to put it mildly. All data contradicts it - not just this poll, glassdoor.com, other informal surveys, but also e.g. the bureau of labor statistics (http://www.bls.gov/oco/ocos303.htm http://www.bls.gov/oco/ocos303.htm) Don't be fooled by people reporting ranges and then taking the top end. By that standard, if you go work for a Fortune 500 company people make 'up to 15 million' if that's what the CEO makes. Professional basketball players don't make 'up to 50 million a year', there are maybe a few who do that, but that doesn't make it attainable for the regular ones, or even the 90th percentile.
        nostrademons 15y ago
        Man, I would've felt so much better about my answer on that survey if I'd assumed it was talking total compensation. :-) I suppose a lot depends on your definition of "easily". Yes, the poll is biased towards the high end - because it's on Hacker News, and typically people who aren't passionate about programming don't visit here. But what's the question that readers of this comment thread are asking? My guess is it's whether they can be making $150K+ after being out in the real world for 7 years or so. And I don't think that's all that unreasonable. They're already part of the self-selecting group that the poll is being drawn from. We know from other HN polls that HN skews young: I don't remember offhand the proportion of readers that are over 30, but I believe it was only 15-20%. If we assume that experience and salary are pretty sharply correlated, that's a pretty large chunk of the older crowd that are raking in the big bucks. It's not a lottery ticket; it's something that a good number of the people you're talking with have achieved.