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>I mean, if they were still paying us all handsomely like stock brokers then I bet popular opinion would be on their side. Aren't FAANG salaries still absurd?

true_religion 5y ago
Faang salaries are pretty good when you are starting out, but they level of pretty quickly. After say twenty years, my friends on Wall Street are mysteriously richer than I am. Of course the ones who didn’t survive the early treadmill aren’t included, but I guess that’s the trade off. Engineering is fairly stable and well paying, but you don’t get million dollar payouts unless you are a founder.
- moneywoes 5y ago
  Yep senior engineer is a terminal level
- eclipxe 5y ago
  That isn’t true.
- deleted 5y ago
  [deleted]
- bluedevilzn 5y ago
  If you worked at FAANG and survived the treadmill for 20 years, you should be a Principal Engineer/Engineering Director at least. L8 compensation starts at a million dollars per year.
  - true_religion 5y ago
    I’m not really a big fan of total compensation numbers when it comes heavily weighted into stock. After all, if I wanted to be paid for stock performance I would’ve been a stockbroker (and like I pointed out up there, gotten paid way more after 20 year survivorship). Also, I didn’t think it needed to be said but apart from Apple all the FAANG companies are really young, Google is only 23 years old. Back in 2001, they had less than 500 employees. I’m not one of the golden era. If I were, you’d already know my name and I of course would be a multimillionaire.
    - kilbuz 5y ago
      https://twitter.com/anothercohen/status/1343722582206377984 https://twitter.com/anothercohen/status/1343722582206377984 Multimillionaires are not people who joined Google 20 years ago. That's a different league altogether. Multimillionaires are just normal people you've never heard of who work 9-5 and drink beer on the weekends with their friends and have a normal house in South Bay. They joined Snowflake, Square, Airbnb, Lyft, Netflix, or any other of the hundreds of SV companies like those in the last decade, even the last few years. They are the average homebuyers for 1500-2000 sq foot ranch houses in Bay Area right now.
- kilbuz 5y ago
  My mid-career rank-and-file friends at FAANG have W2 income of $700k-1m a year. These are not high-powered individuals within their org, not even close.
- mrhands556 5y ago
  20 years working at FAANG your equity should be outrageous compared to other industry SWE.

true_religion 5y ago

Faang salaries are pretty good when you are starting out, but they level of pretty quickly. After say twenty years, my friends on Wall Street are mysteriously richer than I am. Of course the ones who didn’t survive the early treadmill aren’t included, but I guess that’s the trade off. Engineering is fairly stable and well paying, but you don’t get million dollar payouts unless you are a founder.

moneywoes 5y ago
Yep senior engineer is a terminal level
eclipxe 5y ago
That isn’t true.
deleted 5y ago
[deleted]
bluedevilzn 5y ago
If you worked at FAANG and survived the treadmill for 20 years, you should be a Principal Engineer/Engineering Director at least. L8 compensation starts at a million dollars per year.
- true_religion 5y ago
  I’m not really a big fan of total compensation numbers when it comes heavily weighted into stock. After all, if I wanted to be paid for stock performance I would’ve been a stockbroker (and like I pointed out up there, gotten paid way more after 20 year survivorship). Also, I didn’t think it needed to be said but apart from Apple all the FAANG companies are really young, Google is only 23 years old. Back in 2001, they had less than 500 employees. I’m not one of the golden era. If I were, you’d already know my name and I of course would be a multimillionaire.
  - kilbuz 5y ago
    https://twitter.com/anothercohen/status/1343722582206377984 https://twitter.com/anothercohen/status/1343722582206377984 Multimillionaires are not people who joined Google 20 years ago. That's a different league altogether. Multimillionaires are just normal people you've never heard of who work 9-5 and drink beer on the weekends with their friends and have a normal house in South Bay. They joined Snowflake, Square, Airbnb, Lyft, Netflix, or any other of the hundreds of SV companies like those in the last decade, even the last few years. They are the average homebuyers for 1500-2000 sq foot ranch houses in Bay Area right now.
kilbuz 5y ago
My mid-career rank-and-file friends at FAANG have W2 income of $700k-1m a year. These are not high-powered individuals within their org, not even close.
mrhands556 5y ago
20 years working at FAANG your equity should be outrageous compared to other industry SWE.