3 ms·
Aren't you conflating base with total comp here? $150/hour consulting is $300K at 2,000 hours / year. But if that's $300K base for your friends, then the total
by eliben 13y ago
Aren't you conflating base with total comp here? $150/hour consulting is $300K at 2,000 hours / year. But if that's $300K base for your friends, then the total is likely way above $500K (bonuses, stocks...) He did say base $165K on average though, which sounds too high, TBH. Surely total comp average can be above that, but base?
- rch 13y agoThat was for a Sr. engineer (so not unreasonable), and keep in mind he's advertising his ability to place high-end talent.
- humanrebar 13y ago$150k base for a guru-level talent in Austin is very reasonable. I'd expect somewhere around double that to adjust for the cost of living in San Fransisco.
- vonmoltke 13y agoThis concept is something I cannot even fathom. My base salary has never been less than 95% of my total compensation. How common is this?
- fitandfunction 13y agoPretty common. At mid levels (senior manager, director), base is ~50% of total. At senior levels (VP, CxO), base is less than 25%. At the extreme (CEOs of major corps), base is negligible (e.g. Costello's base is $14k out of a total of ~$8.7 mm).
- vonmoltke 13y agoI need to change my calculus then. Thanks.