4 ms·
30k != 300k Do you get approximately 150k/yr of equity in the 5th year? I think a lot of us are trying to understand the "300k/yr" part. I wouldn't doubt to
by bagels 12y ago
30k != 300k
Do you get approximately 150k/yr of equity in the 5th year?
I think a lot of us are trying to understand the "300k/yr" part.
I wouldn't doubt to much that maybe a few people are getting paid that, but I doubt it's the median.
- xyzzyz 12y agoAt companies like Google or Facebook, you expect to get 10-15% salary raise every year for the first few years, and around 10-15% annual bonus. Assuming that after 4 years, your equity doubles, the $300k figure seems to be pretty accurate for the fifth-sixth year of working there.
- aet 12y agoYes, so $300k puts you in the top 3%, $380k puts you in the top 1% of earners nationwide. The median salary of presidents of private Universities is $400k. If you start at a salary of 150k and get 0.15 raises annually for 5 years, yes your will make 300k a year, but I'd be very surprised if this is the experience of general employees. Google has 50,000 employees. If you paid them all $100k, that would be 5 billion roughly equivalent to Googles costs.