7 ms·
While joining a FAANG in the past was most likely the richest path, that may not be true today.
by caseyf7 5y ago
While joining a FAANG in the past was most likely the richest path, that may not be true today.
- gkop 5y agoExtended exercise options tilt my scales back to start ups.
- pm90 5y agoDoesn’t this depend on yoe? Startups could certainly match faangs for early career engineers but the more experienced folks are likely going to get unmatchable offers. Not everyone cares about the money though. After a certain point you get tired of politics and process and just want to build things. A successful startup culture seems like a win win.
- Hermitian909 5y agoFor the actual top tier of compensation in tech (out of FAANG only Netflix is a part of that band) I think it still is. This year I've seen multiple engineers get ~500k offers for 4-6 yoe with no particular specialty, just general competence. High end of Staff appears bumping into the million dollar range once bonuses come around at some of these places.
- moneywoes 5y agoAre these only in SF? What sort of companies
- swyx 5y agoHere's the classic post on the FAANG vs startups debate, for the uninitiated https://startupljackson.com/post/135800367395/how-to-get-rich-in-tech-guaranteed https://startupljackson.com/post/135800367395/how-to-get-ric... >If you want to get rich, your best bet on a risk-adjusted basis is to join a profitable and growing public company. Google for short. Make $200-500k all-in a year, work hard and move up a level every 3-5 years, sell options as they vest (in case you joined Enron), and retire at 60, rich. This plan works every time.
- tehlike 5y agoAn engineer 6-7years into their career can pull more than 1M$/yr in FAANG.
- farmerstan 5y agoI have a close friend at Uber pulling in over $1M/yr. He joined just before IPO so he didn’t benefit from share appreciation.
- md_ 5y agoCan, I guess. That’s generally L8 income; it’d be pretty unusually to make it to that level in seven years. FAANG pays well, but if you check what I’m saying against Levels.fyi, that’s a pretty exceptional situation for someone with that little experience.
- tehlike 5y agoThere are more people in L7/8 in FB than they are in google. and it's possible to do 8 in 7-8 years. Decent amount of people do 6 in 2.5, 7 in 4.5
- comp_throw7 5y agoSorry, is the claim here that there are a "decent amount" of fresh grads who get promoted 3 times in 2.5 years to reach Staff (E6) at FB? That doesn't pass the smell test. "Has happened at least once in the history of the company", maybe. "Happens frequently enough to use as a meaningful benchmark", no.
- tehlike 5y agoWelcome to give a try.
- md_ 5y agoAt this point I don’t understand what’s being argued about. Are you saying you have anecdotes that this happens? Yeah, probably. I have some, too. Are you saying the median total comp for a 7-year total experience Facebook engineer is $1m? If so, what’s your source? (Or what are you claiming? The top decile? The top quartile? Etc.)