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Word on the street is that Meta is paying big time to overcome the toxic brand. So if you aren't personally too bothered by it all (and some people aren't), the

Word on the street is that Meta is paying big time to overcome the toxic brand. So if you aren't personally too bothered by it all (and some people aren't), then you can rake in the cash. https://www.businessinsider.com/facebook-pays-brand-tax-hire-talent-fears-career-black-mark-2021-12 https://www.businessinsider.com/facebook-pays-brand-tax-hire...

steve_adams_86 5y ago
They’re also hiring very aggressively from what I can tell. They have recruiters all over and the path to interviewing is remarkably short. I didn’t bother because I like my job and I suspect their salaries in Canada will be very… Canadian.
- wittycardio 5y ago
  No their salaries are quite Californian
  - steve_adams_86 5y ago
    Cool, thanks for that. I’ve been hesitating recommending looking into meta in Canada because so many companies see Canada as a cheap source of talent.
    - wittycardio 5y ago
      I mean it's still lower than peak bay area salaries but the Toronto scale is completely different from even like 2 years ago
      - steve_adams_86 5y ago
        Same with the Victoria scale. It wasn’t uncommon to see companies kind of capping out around $90k. I had to negotiate way too hard before I started working remotely instead. Since then I see rates around 120-150k in senior roles, which isn’t that much better with general COL inflation around here, but it’s an improvement. I think you’d generally do better by working remotely, still.
arcticbull 5y ago
They pay a bit better than other FAANGs but it's not hugely out of line. Chances are if you can get a gig at Meta, you can get one at any of the others. Apple, for what it's worth pays a bit less than the FAANG median. The sweet spot at this stage in the capitalist narrative arc is like a Series C/D startup that's found product-market fit and is rapidly growing. You'll get the same cash, and while there's a bit more risk, the equity could be dramatically more rewarding. Right on the knee of the curve.
- lordnacho 5y ago
  > The sweet spot at this stage in the capitalist narrative arc is like a Series C/D startup that's found product-market fit and is rapidly growing. You'll get the same cash, and while there's a bit more risk, the equity could be dramatically more rewarding. Right on the knee of the curve. Don't they use that spiel to get you to take less salary and a smaller cut of equity?
  - arcticbull 5y ago
    > Don't they use that spiel to get you to take less salary and a smaller cut of equity? They sure used to, but these days at a funded and successful C/D you'll get very similar cash. The market for engineers is insane right now. I've seen Meta starting salary levels offered by even earlier stage companies. [edit] As for the equity angle, it really depends - but generally speaking if you're being offered options I'd divide by 3 when comparing to an RSU offer (i.e. expect 3X as many options as RSUs) which triples your leverage even if they're intrinsically not worth anything on receipt. And depending on the stage, that equity could easily be dramatically more valuable even if you get less to start. This is more of a question of how much leverage you have in your negotiation. I highly recommend becoming friends with a recruiter wherever you work :) being able to find out what you should be making next time is a super-power, and they're generally super fun and friendly people!
    - runako 5y ago
      The missing element from the RSU/options conversion is the (very important) liquidity premium. For a Series C company, I would expect to not see material liquidity from options for 4+ years, so I would discount the options by at least 70% off the top to account for lack of liquidity and possibility of future funding rounds reducing the value of my options. Engineers who had options during the .com crash and the GFC can share more about why near-term liquidity matters.
nathanvanfleet 5y ago
That will be quite the filter on who works there.

steve_adams_86 5y ago

They’re also hiring very aggressively from what I can tell. They have recruiters all over and the path to interviewing is remarkably short. I didn’t bother because I like my job and I suspect their salaries in Canada will be very… Canadian.

wittycardio 5y ago
No their salaries are quite Californian
- steve_adams_86 5y ago
  Cool, thanks for that. I’ve been hesitating recommending looking into meta in Canada because so many companies see Canada as a cheap source of talent.
  - wittycardio 5y ago
    I mean it's still lower than peak bay area salaries but the Toronto scale is completely different from even like 2 years ago
    - steve_adams_86 5y ago
      Same with the Victoria scale. It wasn’t uncommon to see companies kind of capping out around $90k. I had to negotiate way too hard before I started working remotely instead. Since then I see rates around 120-150k in senior roles, which isn’t that much better with general COL inflation around here, but it’s an improvement. I think you’d generally do better by working remotely, still.

arcticbull 5y ago

They pay a bit better than other FAANGs but it's not hugely out of line. Chances are if you can get a gig at Meta, you can get one at any of the others. Apple, for what it's worth pays a bit less than the FAANG median. The sweet spot at this stage in the capitalist narrative arc is like a Series C/D startup that's found product-market fit and is rapidly growing. You'll get the same cash, and while there's a bit more risk, the equity could be dramatically more rewarding. Right on the knee of the curve.

lordnacho 5y ago
> The sweet spot at this stage in the capitalist narrative arc is like a Series C/D startup that's found product-market fit and is rapidly growing. You'll get the same cash, and while there's a bit more risk, the equity could be dramatically more rewarding. Right on the knee of the curve. Don't they use that spiel to get you to take less salary and a smaller cut of equity?
- arcticbull 5y ago
  > Don't they use that spiel to get you to take less salary and a smaller cut of equity? They sure used to, but these days at a funded and successful C/D you'll get very similar cash. The market for engineers is insane right now. I've seen Meta starting salary levels offered by even earlier stage companies. [edit] As for the equity angle, it really depends - but generally speaking if you're being offered options I'd divide by 3 when comparing to an RSU offer (i.e. expect 3X as many options as RSUs) which triples your leverage even if they're intrinsically not worth anything on receipt. And depending on the stage, that equity could easily be dramatically more valuable even if you get less to start. This is more of a question of how much leverage you have in your negotiation. I highly recommend becoming friends with a recruiter wherever you work :) being able to find out what you should be making next time is a super-power, and they're generally super fun and friendly people!
  - runako 5y ago
    The missing element from the RSU/options conversion is the (very important) liquidity premium. For a Series C company, I would expect to not see material liquidity from options for 4+ years, so I would discount the options by at least 70% off the top to account for lack of liquidity and possibility of future funding rounds reducing the value of my options. Engineers who had options during the .com crash and the GFC can share more about why near-term liquidity matters.

nathanvanfleet 5y ago

That will be quite the filter on who works there.