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by anonymousduck
2404 days ago
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The point-in-time percentage isn't the best metric. These companies hire a huge number of recent grads each year, with sub-200k total comps. Need to look at expected 5+ year compensation to get a better picture. Using FB as an example, engineers are expected to make it to E5 within a set time period (~5 years) or they're fired. So anyone still employed after that time is at least an E5. The E5 comp target is 330-400k. So yes, anyone still employed after 5/6 years is making at least that much. Its not expected nor required to go beyond that, so that will be the career top for many. E6 is a 500-600k range, and I've no clue about E7-9. Google is similar, and there are equivalent levels at Uber, Lyft, etc. And then there's Netflix which only hires senior engineers and has a single level with a huge comp range. Pretty much 100% of Netflix enginners are making 300k+, most 400k+. But, Netflix is also an all cash shop - need to pay for benefits out of pocket, buy stock out of pocket, etc; so not 1:1 comparable to others. |
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LOTS of grads do not make it to the $500K land. The FAANG companies have also been around a bit, so now google / facebook etc just have a fair number of more senior folks who are making good money. So pay is out of control but these companies make so much gross revenue (check out apple / google financials) that they can afford it.
Totally annoying if you are not in tech! And sometime you are like, do you really need to be spending x billion on comp to run y website?