But a FAANG Staff Engineer will get a similar base, and then $1mil in stock for 4 years.
-- Are there people outside of FAANG and Big Banks / HFT firms making those kinds of monies?
-- if So who are they? and what do they do?
But a FAANG Staff Engineer will get a similar base, and then $1mil in stock for 4 years.
-- Are there people outside of FAANG and Big Banks / HFT firms making those kinds of monies?
-- if So who are they? and what do they do?
10 comments
Having worked in the finance world, where the wheels are made out of software at this point, I never got the feeling that the old guard that still ran the place fully understood how crucial software was to their business, and how much it saved in labour costs.
The software department was generally seen as a cost center, with the salaries and outsourcing of projects reflecting that.
So I agree with the sentiment, just saying it doesn't always hold up.
To offer just one example, I'm aware of a software company that does nine figures in ARR making high performance computing software for very large financial institutions. There's basically no chance you've ever heard of them. They're very low key. The company hasn't grown headcount much in the last decade, and their employees don't really leave. But some of their people writing really low-level code are certainly making multiples of representative peers at FAANG.
Unless you’re the low level wizard you’re just going to make an industry standard salary, maybe a bump but nothing special.
> a similar base, and then $1mil in stock for 4 years.
so are there firms with similar market caps and/or growth?
Side note: The difference at Staff Eng is slightly more wide. Eg. IBM Band 9 pays TC ~$250K while Meta E6 is ~$640K.
Side note 2: From what I understand, Big Tech often brings in Staff Eng from smaller companies to a Senior Eng role. Reverse is also true, Sr Eng at Big Tech are often able to join Staff roles at smaller companies.
[1] https://www.levels.fyi/leaderboard/Software-Engineer/Entry-L...
Yes.
> -- if So who are they? and what do they do?
OpenAI, Anthropic and crypto bug bounty hunters.