That makes sense! I was giving early career ranges in Chicago in the mid-2010s (without factoring in bonus). NYC PropTrading salaries are (unsurprisingly) higher.
That said, mid-career (5-7 YoE) tech in the Bay Area at least reaches around $170-250k base with an additional $100-400k in stock+bonus over the 4 year vest.
Factoring in hours worked it seemed more competitive than around $200-300k TC for SWEs at the larger PropTrading firms in Chicago at least.