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> then $1mil in stock for 4 years Most FAANG engineers are NOT getting $1M stock grants. That is the stock grant for Google L6-7, Amazon Principal SDE, and Mi
by alephnerd 2y ago
> then $1mil in stock for 4 years
Most FAANG engineers are NOT getting $1M stock grants.
That is the stock grant for Google L6-7, Amazon Principal SDE, and Microsoft L67.
These are engineering levels comparable to Director of Engineering or Engineering Manager and extremely rare.
> a Staff Engineer at an avg startup might get $250k base salary, in a HCOL area and maybe a 10-20% bonus
This is the norm at FAANG as well. Just add a $60-150k/yr stock grant, which is normal at other public companies in the Bay Area and Seattle tech scenes as well.
- khalilravanna 2y agoThis is incorrect information. Check out levels.fyi. The average stock grant for Meta E6 is well over $1M/4years. Just one example. Plenty of data on other companies offers there.
- alephnerd 2y agoE6 is adjacent to Engineering Manager at Meta. Companies give the option to either go Management Track (Manager, Director VP) or Technical Track (Principal/E6, Fellow, Distinguished Engineer) In public companies, most Engineers will peak at the L5/L64/SDE3/E5 level by their 30s. > Plenty of data on other companies offers there Plenty of companies offer that kind of compensation, but the competition is intense as the number of roles paying that much are limited, and WLB is atrocious as it's basically a Architect/Team Lead role. If anyone thinks they deserve a L6/L7 role with less than a decade of experience at peer companies they need to adjust their expectations or remain unemployed
- ryandrake 2y ago> If anyone thinks they deserve a L6/L7 role with less than a decade of experience at peer companies they need to adjust their expectations or remain unemployed I think a lot of HN commenters simply assume that every role at these companies is L6/L7+ and pays $1M/yr or whatever the meme is currently. Like it's the default for "Software Engineer" at these companies. In reality, these roles are exceedingly rare. You won't even often see them publicly posted, simply because there are just not many of them. People see one example of this kind of compensation and declare, "See, it is possible to make this money at a FAANG." which is true, but in the same sense that it is technically possible to get struck by lightning. Your median FAANG employee is probably L4 and not making $1M/yr in compensation. They're probably not even making $150K, depending on their location.
- alephnerd 2y ago> Your median FAANG employee is probably L4 and not making $1M/yr in compensation. They're probably not even making $150K, depending on their location While OP overestimates salaries, you are doing the opposite and underestimating salaries for most mid-career SWEs working a Software companies in the US. Most L4/5 equivalent engineers across the US will end up earning around $150-250k Base, 10-20% Bonus, and around $50-150k/yr in stocks assuming they are working for a Software Company as a SWE (eg. Salesforce in Indianapolis or VMWare/Broadcom in RTP or Denver - let alone the Bay Area, Seattle, Austin, and NYC scene).