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by dreaminvm 3840 days ago
Firstly, everyone not working in the Bay Area can ignore these figures because they are bloated due to cost of living (3K for 1BR/1BA apartment) and competition for talent (from startups and peers).

Secondly, people are ignoring the fact that RSUs at the 3 companies mentioned (and a few others AMZN/MSFT) have grown substantially in the past 5 years (about 125-150% on average) and is the biggest factor in these "surreal" figures.

Broken down into base (110k starting common at BigCorp), RSUs (initially 100-150K over 4 years) and bonus (10-20% base comp ), these numbers would make more sense. First year total comp is close to 145K-170K. By the time you are a senior engineer (mid-level) and assuming this took 5 years, your base comp is close to 135-160K, with refresher grants (and accounting for market performance) your RSUs probably hit 100K/year, bonuses at 30K bringing total comp to 265K-290K.

I happen to work for a BigCorp in SV (close to 1.5 years now) whose stock is performing poorly, hence my total comp is 160K (110K base, 25K bonus, 25K in RSUs/year). But if we had FB/AMZN/NFLX type of stock performance, then my comp would shoot up to 185K without any promotions.

2 comments

Err, this is not accurate from my experience. I work at a large company (not one of the 'big 4 tech though) ,remote, in a medium cost of living locale and my salary is what your total comp is. I would get a huge jump if I went to one of the big 4 in the bay area.
Forgot to note that I am fresh out of college.
Location is one of the core factors of this article. I'm 3 years into my career and still make less than half the starting rate at BigCorp in SV.
How much is your rent?