This is absolutely fascinating. I don't know how folks are earing this kind of cash when you can go to a recruiter, with more than decade of hands-on startup experience, and when you want more than 200k a year they look at you like you just kicked their cat.
Then you see someone at a place like Lyft with four years of real world experience and one year with the company pulling 300-400k a year without breaking a sweat. And now they’re about to jump onto the IPO rocket ship. I want to clarify that I’m not jealous of these people: it’s great. I just gotta stop and ask myself sometimes what the fuck I’m doing wrong.
Then again this is crowdsourced and might be a load of shit.
If you're serious: get a job at a well-known tech company. You might have to move for this unless you're already in a top-tier tech city (NYC, SF, and Seattle, definitely qualify; maybe Zurich, London, Toronto, and Sydney). Work there for two years. Move to a better tech company. You are now worth $300-400k per year.
If you're not already considered top-tier talent, I think Amazon is the easiest way into this right now. They are hiring at an incredible rate, and their engineers are generally considered good hires by Google, Facebook, etc. The lifestyle and working environment is generally considered acceptable if not exemplary.
Also, invest some time to become an expert at technical interviews. They are somewhat orthogonal to everything else that we do, but they are a near-universal shibboleth at top companies and it doesn't take that much time to get good at them. Most of the questions fall into a few broad categories that you can learn to recognize with practice.
This worked for me. YMMV. The key was relaxing the requirement that I stay in my childhood city, although luckily I only had to move a couple hours away.
Are you sure this number still applies if you're outside of US (London, Toronto, Sydney)? My understanding is that numbers in Europe are nothing like those in the US.
I make $50k-100k AUD less in Sydney compared to Bay Area, with all the same HCOL problems.
A very, very good new grad total comp figure in Sydney is say, $150k AUD. That's $106K in USD, which is less than the salary for a new grad at Google or Facebook in the Bay Area. Throw in RSUs, signing bonus, and performance bonuses, and a new grad is making $50-100k AUD more.
The quirk here is that due to the E3 visa, it's about as easy to hire Australians to work in the US as it is to hire them to work in Australia. So why pay more for folks who stay at home?
What do you mean by this? I could imagine a scenario where the E3 visa puts positive pressure on Australian Software Engineer salaries, causing them to rise.
London and Sydney have insanely high costs of living so recruiting and retaining skilled people means paying high in the first place. In London or Sydney you can make £100k or $140k as a good developer. Google simply pays double that at L5 so you don't think about leaving.
Yes, this! I can second this as an engineer who is now a professional consultant, working directly with engineers on both interview and negotiation prep, as well as technical and people leadership coaching.
You want to make the most of not only the various kinds technical interviews you might encounter, but also the behavioral conversations, founder/exec chats, even cover letters are a chance to set an intentional narrative. When you're in the loop with specific companies you can even prepare for specific interview loops and negotiation expectations, and thus have particularly targeted results.
Ugh. Yeah, I've heard too many of these stories not to believe them. Most of the people I know at Amazon say they haven't experienced toxicity at that level, though, and that it depends a lot on your manager.
In the absence of a strong, healthy company-wide culture, managers create their own islands of toxicity or calm productivity. I don't know a simple answer of how to ensure you end up on the right one.
It's definitely not a load of shit. Source: I work at one of those companies.
You're not doing anything wrong - only a select number of employers can afford to throw that much money at their recruits. It's just a method of recruiting, nothing more; most other smaller companies / startups can't (or won't) match it so they gain a major advantage over their competitors.
I just managed to pass their interview - maybe that counts for something, but I definitely am not a top 5% engineer. I think there are a lot of advantages you get from smaller places that you won't find at a large "FANG" company as well.
Co-Founder here. Data is crowdsourced but we manually check it regularly to filter out spam. We have enough data now where outliers are weeded out. We've gotten feedback from the community that our data is some of the best compensation data for Bay Area tech companies.
> I just gotta stop and ask myself sometimes what the fuck I’m doing wrong.
Don’t know anything about you beyond your github and HN profile, but I‘ll speculate: perhaps getting hired at 200k or less by the right company is the key to earning 300k+ within a year, while getting hired at 300k is unlikely unless you come straight from a corp/position that is known to pay more.
One thing to remember is that these numbers are typically for Bay Area or Seattle -- places where commuting isn't a feasible option unless you don't mind 2+ hours on the road every day. For San Francisco, making $300k/year you're looking at $185,464 take-home pay.
> In San Francisco and nearby San Mateo and Marin Counties it said $117,400 for a family of four was "low income", while $73,300 (£54,900) was "very low income" - the highest figures anywhere in the country. (https://www.bbc.com/news/world-us-canada-44725026)
The cost of living in these areas is high and is still growing rapidly. At the end of the day, working in a tech hub is still a middle class to upper middle class job. You can achieve similar or better results in states like Utah and Texas, with a much better work/life balance.
I'm an ex-Californian and moved to a saner state. Total comp for me is roughly ~$150K, with almost all the bells and whistles you'd expect from Silicon Valley (still waiting for 401K matching). My commute is 20 mins and soon to be 5 mins. Property values for a large home where I live are still floating in the $500K range, with only 0.5% property tax. I haven't even topped out the market here either -- I know people making $170K salary + benefits out here.
There's just no other options; it's still one of the best markets in the EU and going to the US is impossible for most developers so they have to accept the lower salaries.
You would think that some startup in NYC would decide to start hiring in London, then. Instead of struggling to recruit senior developers with a middle of the pack NYC salary at $125–150k, they could offer the same salary in the UK and be standouts in the market.
Then you see someone at a place like Lyft with four years of real world experience and one year with the company pulling 300-400k a year without breaking a sweat. And now they’re about to jump onto the IPO rocket ship. I want to clarify that I’m not jealous of these people: it’s great. I just gotta stop and ask myself sometimes what the fuck I’m doing wrong.
Then again this is crowdsourced and might be a load of shit.