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What is staff level total compensation? In big tech you can make $1M/year with 8 years of experience.
by drivebyhooting 3y ago
What is staff level total compensation? In big tech you can make $1M/year with 8 years of experience.
- fallingknife 3y agoYou could do that with rapid valuation increases in tech shares over the last 10 years inflating your RSU award, and even then you're talking < 1% of engineers at that comp level. And that path is very likely closed now at FAANG (poor staff SWE will have to suffer with $400K TC). TCs in the millions will be reserved for high ranks at large companies, a few lucky early engineers at billion dollar startups, and phds in AI or whatever the new hotness is at the time.
- drivebyhooting 3y agoI still see L7 and L8 offers like this handed out. You act like 99% of people can work profitably in hard science. What parent poster said is also available sub 1% of talent.
- bradlys 3y agoL7 and L8 aren't staff. That's senior staff and principle. They're both pretty hard to get and are very small portions of any company.
- drivebyhooting 3y agoThat’s true. L6 offers are 700k to 900k plus whatever stock appreciation and refreshers. L7+ has nominal value of 1M+. My point is for the past several years staff has been clearing 1M W2 or more per year and the nominal offers are high 6 figures. L7 and L8 offers are nominally 1M. If I could make that money working on cool science and aerospace I would. When I graduated, Boeing, Lockheed etc wouldn’t give me the time of day but adtech welcomed me and paid me more in 1 year than Boeing would have in 10.
- bradlys 3y agoL6 being 700k+ is a top tier offer even from a big company. That’s an exceptional offer for staff. I know several people in staff roles and they were not offered that comp upfront. They get to that through appreciation.