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At my current job (Series E+ fintech) 3 of my team of 4 are quitting over an 8% pay rise being too low. This would have been unthinkable a few years ago, but th
by throwaway63626 5y ago
At my current job (Series E+ fintech) 3 of my team of 4 are quitting over an 8% pay rise being too low. This would have been unthinkable a few years ago, but the market is going nuts.
I'm currently on a TC of £130k and I've been offered roles with a TC of £470k (this is UK remote)
- godelmethis 5y agoHey I’m UK based too. Those amounts are way higher then what I’m on, 60k. I’m curious about the type of companies paying such TC, do you have an email to chat more?
- bambataa 5y agoYou can get above £100k fairly easily by working in finance or even just a profitable PLC in London (eg I know of Sainsburys offering that several years ago albeit for an EM role). Even if you don’t like investment banking or hedge funds, high street banks also pay well and have generous pension, annual leave etc. Never seen £470k TC though!
- deleted 5y ago[deleted]
- oesmith 5y agoStaff SWE at Google UK can get you to 400k+ (depending on stock grants / stock price gains).
- bambataa 5y agoIs that higher TC on offer from an American firm? I didn’t realise such numbers were accessible from the UK. Even FAANGs in the UK seem to top out around £200k for mid level.
- throwaway63626 5y agoYeah, American company but UK Remote working - they've just set up a UK company to employ British people through
- kakd 5y agoI rarely see numbers like £470k in UK. Can you advise who is offering that type of package? Is it a FAANG?
- throwaway63626 5y agoLarge American fintech company, this is for a Staff+ role
- shawabawa3 5y agoit's probably a US-based FAANG pegged comp that they haven't done market adjustments for FAANG in London is around £150-300k (for L4-6), very senior could be £500k+ though I suppose
- DaiPlusPlus 5y ago> I've been offered roles with a TC of £470k (this is UK remote) Because no-one else is saying it, I will: Bitcoin, random cryptos, NFTs, etc, don't count as TC.
- throwaway63626 5y agoIt's none of those things, Staff role in an American fintech company
- DaiPlusPlus 5y ago> American fintech I hear that they capture your soul in a banker's box now, but in the 1990s it used to be a 3-ring binder, is that still true?
- chrisseaton 5y agoAre you just bitter that someone would earn so much? Why are you being so snide and nasty to this person sharing their compensation? We all benefit from that.
- DaiPlusPlus 5y ago> Are you just bitter that someone would earn so much? …no? Look, anyone who admits they’re working for fintech is fair-game for punch-upwards jokes, regardless of their total-comp. I’d be cracking jokes about their soulessness even if they said they were working for a minimum-wage job in the sector. It’s only slightly less disgusting than admitting you work for the Trump Organisation or Scientology.
- hhmc 5y agoWhere do you draw the line. Would you maintain such ire for someone that worked at, say, mastercard? Unarguably 'fintech', but almost everyone would agree that efficient global transaction networks provide a lot of utility..
- potamic 5y agoWould you mind sharing the companies since you're using a throwaway anyways?
- hhmc 5y ago> At my current job (Series E+ fintech) 3 of my team of 4 are quitting over an 8% pay rise being too low. With RPI at 7%, this is actually fairly understandable, it's essentially no raise in real terms.
- cutthegrass2 5y agoThis is interesting. I'm currently on £150k in the UK working for a startup (non-VC backed, just an owner with very deep pockets) and have an ownership stake vesting in 3yrs. Like you, i'm trying to weigh up the risk of staying (minimal salary raises for 3yrs) and get the equity or bail for an offer at £175k. UK market is extremely hot right now.
- nly 5y ago3 years isn't very long and once that equity vests you can presumably leave for a £200k job, and still keep it?
- playcache 5y agoThis is nuts, Honestly good for you mate, I hope I can find similar offers.