3 ms·
Bro where are you working where the typical engineer is making 20k a month?
by junon 4y ago
Bro where are you working where the typical engineer is making 20k a month?
- kortilla 4y agoMost larger SV tech companies pay senior+ engineers that between RSUs and cash. FAANG pays that to new grads. (500k stock over 4 years and 140k salary is pretty standard).
- junon 4y agoYou are not receiving 40k a month liquid cash. That is my point. RSUs have a very, very long time before that worth is liquid. That was more my point.
- qqtt 4y agoMany companies vest those RSUs monthly or at least quarterly, and for public companies employees can sell right away. This is a very common paradigm, and in fact financial advisors would frequently recommend employees sell all shares at vest to diversify. I've worked at places also where 105b-1 plans were generally available (sell all shares at vest even outside trading windows), in which case employees were absolutely receiving 40k+ liquid cash a month. Many senior engineers were receiving substantial more than that.
- seattle_spring 4y agoThe last 3 companies I worked RSUs vested either quarterly or monthly and were then immediately liquid.
- __turbobrew__ 4y agoSome companies vest quarterly with no cliff, so you are going to vest within 3 months of starting.
- bagels 4y agoBefore the stock declines, an experienced engineer could get offers for 40k a month before taxes. I didn't believe it till I tried. It's real. Amazon frontloads in cash, Facebook has 3 month vesting.
- kortilla 4y agoThe cost to the company is the same, one just has better retention properties.
- mypalmike 4y agoThe post specifically mentioned Twitter. That number is in line with the pay ranges mentioned in their job listings.
- metabro 4y ago20k is 240k a year. That’s not an atypical base salary for someone fairly senior at a faang. Then there bonus which brings cash comp to around 290k. Rsu is the largest part of comp for a senior person so more that half. So add another 300 k on top of that. That’s a comp of close to 600k a year or 50k a month when averaged out.