At the risk of sounding like I'm boasting, I'll share concrete figures. I earn about $285k USD (~$380k CAD) as an L4 SWE at a FANG company. My top earning friends in BC work at companies like Microsoft, Amazon, and Juul and earn about $60-$120k CAD.
I wonder if this is a BC-specific problem, because Amazon and Shopify appear to be paying seniors in Toronto around $150-200k CAD/year+RSUs. With Google opening an office, and Snap already here, and Yelp already here, and Square already here, and others, I think the market in Toronto has already started changing.
Even if they were making $250k CAD total compensation in Toronto, as a senior engineer at top companies in the Bay Area, Seattle, NYC, etc. you can make $350-$400k USD ($470-530k CAD). We're talking about earning $150-$200k more. Working just 5-10 years with savings like this would be life changing.
I wasn't arguing that at all, only that things appear to be much better for SEs in Toronto than Vancouver for some reason.
And I've said elsewhere in thread, I'd happily move my family down (I'm a US citizen) if I thought it was possible to buy health insurance that would guarantee coverage for all issues. I've heard too many stories of insurance companies refusing to pay for emergency treatments because the hospital happened to be out of network.
Damn man.. I really need to just suck it up and try and get a job in the US when COVID wraps up and we can get across the border again. I don't really want to work there and be so far away from family but it just doesn't make financial sense to keep doing what I'm doing.
I make really good money for my 3 years of experience (compared to others in my city with my level of experience) but it's just such a hilariously large gap at this point that it'd be dumb for me not to at least try and get a job.
I'd visit first and see if you want to live there more than Canada. I generally quite like Vancouver, and although I don't have the visa requirements for the states, I have no interest in moving on-location there despite the financial gap. I'd focus on what your interests are outside of work and then work to accommodate that.
Thanks for sharing this. People don't realize, and often refuse to believe, how large this gap has gotten. (Patio11 has written about that quite a bit.) It's...crazy.
Sure, but not every software engineer in California is a FAANG engineer; and even among FAANG engineers that stated salary is rather high.
It's not particularly useful to make claims that one can earn enormous amounts by changing region without also acknowledging that such an opportunity is only available to a small minority.
You're right that this is achievable only by a small percentage of people at the upper end of incomes, but I am comparing the same category of companies across both regions. Microsoft in Seattle vs Microsoft in Vancouver can be a 1.5-2x difference for example.
There's a significant amount of startups / medium companies / consultancies but no "heavy hitter" offices like FAMGA, which is probably a driver behind the state of salaries. There is some Amazon presence through an acquisition they made on ABE books. Though there's also lots of remote workers here too for big companies like Github / etc.