3 ms·
Almost nowhere pays $700k for a SWE. These numbers come from stock grants or similar financial instruments; that money gets realized eventually, but it's not gu
by woodruffw 3y ago
Almost nowhere pays $700k for a SWE. These numbers come from stock grants or similar financial instruments; that money gets realized eventually, but it's not guaranteed in the same way that a fortnightly bank deposit is.
- whimsicalism 3y agoIf we are discussing the levels.fyi pay report, then they are only including the numbers you get in a single year, you are incorrect. $700k is obviously top top band, but this is referring to annual pay.
- idontpost 3y ago[dead]
- zyang 3y agoYes stock grants is a big part of it but I don't think they are counting unvested stocks. It's your gross income on w-2.
- calvinmorrison 3y agoOk 356k then?
- hilbertseries 3y agoStock grants are typically vested quarterly, sometimes after an initial waiting period of 1-2 years. RSUs are just cash, I don’t see how they would not be considered being paid. They certainly show up on my W2.
- woodruffw 3y agoI didn’t say they aren’t considered being paid; I said that they’re speculative instruments in a way that a paycheck isn’t. In other words: 700k is 700k when realized, but there’s no particular guarantee that so-and-so many units of stock are worth that much; it depends on the market. Comparing TC as if 700k is guaranteed is misleading.
- whimsicalism 3y agoYou could also get fired even with salary income.
- cdf 3y agoAmazon in particular has RSUs 80% vesting only in the 3rd and 4th years resulting in these spectacular TCs.