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Rule of thumb in the valley, for a good senior level engineer (6+ years of experience), is about 120-140k salary, plus 10-20k bonus. That's what I think are averages, for GOOD/above average engineers in established companies (not startups). Keep in mind that a good or average engineer in some companies, could be easy a superstar in other companies. They are always outliers for expectational people, but it seems that the places that pay consistently less: 1. Don't care for top talent (they may not really need it). 2. Are not usually worth working for (eg. gaming industry / old finance/ companies that view tech as a cost) 3. Offer some kind of life quality balance and don't expect high outputs from their employees. If you are not happy with your current salary you can still interview around and find another job. Don't necessary quit, but at least you would know whats out there.
If your think your job is easy/cushy, then 110k is not that bad, but actually good. You can easily go somewhere else, and get a 20k bumb, but find out you have to work twice as hard.
If you are really challenged, and are stressed, and feel underpaid, then you must do something: 1. Ask for a raise.
2. Find another job that pays better. What I found out, is that no matter how fun the job is, if you feel 'underpaid', over time that will create some feelings of resentment and unhappiness. Also, if you get paid well, but hate the job, then you would still feel unhappy. The happy medium, is finding something that you really like, and are happy with the salary at the same time (usually when you think you are on the higher range salary compared to your peers). |
I think you should clarify what "old finance" is. Finance in general pays considerably more than average.