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by highwaylights 1304 days ago
> This is the $150/200 mark btw, not FAANG.

This is still wild to me.

I’m well into my career (coming close to 25 years):

— I do well when looking for work in that I interview well and get most gigs I go for.

- I trade stability for higher rates working shorter gigs without any of the usual safety net / benefits.

- Comp is top end of the range offered in a relatively well off part of the world.

And yet with all that said, $200k is still an utter pipe dream.

I’m not saying I’m necessarily jealous (I’m sure there’s the downsides I don’t see) but man-oh-man that’s a lot of money.

I’m almost reluctant to ask but what is FAANG comp typically?

4 comments

Startups are paying above FAANG for many senior positions. Total comp can be 250-850K, lots in the 400-550k range.

The going contract dev rate is 150/hr (Java/Python).

> Startups are paying above FAANG for many senior positions.

Citation needed.

After the tax bracket bump its not entirely as amazing as it sounds... there are still a few places in SV and NY that hand out remote salaries on the high end, if you keep looking.

There are also roles where you just get paid way more than other roles without a need for particularly difficult expertise. People who manage very 'important' stuff for example.

Which country are you based in? I can offer advice for Europe and the US :)
Europe currently, interested in remote for anywhere.

Would be really curious to hear what’s out there.

Check out contract roles that are EU-friendly in London & angel.co for remote jobs in the bay area that are happy with global hires. I had a contract with a company in SF while living in Oxford for ~160k and know London pays 700+ per day for mid-senior developers. There are contract-specific jobsites out there but I can't google them right now because I'm on a company VPN.
Thanks for this!

Could I reach out to you separately so as not to run out of thread depth on here?

(The big question I have on this is if you have a link discussing implications for tax etc. on taking a role from the USA while based in the UK - which is an easier option for me at this time).

The thing to note is that the base salary isn’t often too far off from non-FAANG jobs, but the stock grant which usually “vests” over 4 years is what makes the compensation so much higher.

The amount of stock is locked in based on how many shares the dollar amount you’re offered would buy when you start, so if the share price goes up over time then that’s going to be worth more when it vests (which I guess mostly happened in the last decade), but if it drops from when you started it’s worth less (as happened in the last year, so if you started this time last year and the company stock is down 50%, that compensation is worth a lot less now).

I definitely think it’s good to be aware of what compensation at these places looks like, I wasn’t really aware of how significant the stock thing is until recently (but I had a fun career up to now so not to worry!). I guess one of the downsides is that these are often huge companies there’s a reasonable chance you’ll end up maintaining some boring internal system or whatever, so it depends what motivates you.

Honestly, as I'm non-US, I think I'm ruled out of those compensation packages (I don't think many offer remote work).

It's disappointing, but it's the reality for a lot of people I'm sure.

Not sure where you’re based but some of the mid-sized companies definitely do hire outside of the US and offer equity (typically places where they have a company presence so they can employ you, and I guess they’ll probably try to have people in sensible time zones) and are remote-first. For example, I’m based in London and my last job was with MongoDB and that was fully remote in EMEA.
Check out angel.co and look for remote startup roles - I've worked with two US startups from the UK prior to moving out here. Some are happy with extra experience & lower end of salary while you'll still have a good multiple.

The alternative to that is contracting - London is a great place to look for that.