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It's all in the compensation. FAANG and a few fintech operations pay the big USD. The lower bound on FAANG senior software engineers is apparently above or bar
by erosenbe0 5y ago
It's all in the compensation.
FAANG and a few fintech operations pay the big USD. The lower bound on FAANG senior software engineers is apparently above or barely overlaps the upper bound for other massively profitable companies like Intel. So you can't even achieve FAANG comp most places unless you a department director.
- kimixa 5y agoI would be wary about assuming too much on "Salary estimation" websites or what people may say on HN. There's a perception that they must be highly paid, and so only the highest paid shout about it. I know a lot of people who work for FAANG in the bay area that have a similar total income to myself (and I work for a company I'd judge to be very similar to Intel). Also a lot of their income was stock and share bonuses, great if the stock price is constantly going up and they're growing hand over fist, but when things slow down that non-guaranteed income is the first thing to be looked at - if it's not on the contract it's not guaranteed. Sure you might be lucky, but in my experience the "Buy your house in cash of FAANG" for a mid-level engineer gravy train seems to be over if you're not already sitting on the options.
- erosenbe0 5y agoI totally agree that some of the published pay numbers are a little optimistic and include stock and discretionary bonus that are dependent on market performance. However, the companies in that top sphere are still a strata above most of the alternatives. Plenty of people want to earn that extra renumeration even if it means doing grunt work or giving up on their work-life balance.