Facebok pays better than 1st year analyst?

Which bank can top this offer? Sounds pretty good to me

From BI:


How much does Facebook pay a recently graduated software engineer?

Over on Quora, an anonymous user answered: "I am graduating in the spring of 2012, and I was offered $100,000 in salary, a $50,000 signing bonus, $5,000 in relocation, and as [much stock] as necessary to be worth $120,000."

We've since had this answer confirmed with a second source familiar with Facebook compensation. Facebook PR declined to comment.

Read more: http://articles.businessinsider.com/2012-01-25/te…

 

How many willing and capable software engineering graduates are out there, and how many willing and capable business / economics / mathematics / other* students?

I think that's just the economics of the market - demand and supply. Plus, demand of a firm that currently isn't exactly short on cash.

  • all other academic backgrounds that somehow sometimes find their way into banking
 

I think we're at the beginning of this sort of trend. software engineers will undoubtedly on average make more than most people in the coming future and i think the spread between other fields and that field will continue to widen.

its all good on my end - i'm down with some math but ultimately that's just not my thing - more power to them

 

You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

"I don't know how to explain to you that you should care about other people."
 
onemanwolfpack:
You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

Really? Anyone who can't learn Ruby in 3 months is mentally handicapped.

 
onemanwolfpack:
You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

Spot on.

These nerds' exit ops aren't pre-mba pe (best case scenario for IB), but they are entrepreneurship, vc, or management at a cool tech company. Some will get stuck in the mid-$100k range for a while (which isn't bad at all) and many will probably be very wealthy while working 40 hours a week and living in Silicon Valley.

It's amazing that there was a post a few days ago where it was almost unanimous that people would go work in finance at google over Goldman Sachs and now people wouldn't actually develop the product for Facebook over finance.

twitter: @CorpFin_Guy
 
accountingbyday:
onemanwolfpack:
You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

Spot on.

These nerds' exit ops aren't pre-mba pe (best case scenario for IB), but they are entrepreneurship, vc, or management at a cool tech company. Some will get stuck in the mid-$100k range for a while (which isn't bad at all) and many will probably be very wealthy while working 40 hours a week and living in Silicon Valley.

It's amazing that there was a post a few days ago where it was almost unanimous that people would go work in finance at google over Goldman Sachs and now people wouldn't actually develop the product for Facebook over finance.

I think a bunch of people would go for FB but most (incl. myself) lack the skills it takes for that. If you asked would you rather join FB's corporate finance department or however they call it, reaction would be different.

Besides that I completely agree with you.

 
accountingbyday:
onemanwolfpack:
You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

Spot on.

These nerds' exit ops aren't pre-mba pe (best case scenario for IB), but they are entrepreneurship, vc, or management at a cool tech company. Some will get stuck in the mid-$100k range for a while (which isn't bad at all) and many will probably be very wealthy while working 40 hours a week and living in Silicon Valley.

It's amazing that there was a post a few days ago where it was almost unanimous that people would go work in finance at google over Goldman Sachs and now people wouldn't actually develop the product for Facebook over finance.

Not spot on at all. Question was GS MO vs. Google not GS IBD vs. Google. I'm not sure you understand the difference....

And it does not take 3 month to master an m&a process as it is not a technical skill. To compare it to a programming language is utterly ridiculous

 
onemanwolfpack:
You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

Actually, it's precisely this reason that their salary progression is so miserable (maybe not at Facebook, specifically, I have no idea what Facebook's compensation structure is going to be like for the foreseeable future), but for most programmers.

They have an actual, distinguishable skill: This, in turn, is a skill that may easily be taught to someone else, probably from India, who will do it more cheaply. This applies to all engineering disciplines, really. You can always be a better senior banker -- pulling in deals, identifying opportunities, making connections -- but a Software Engineer IV at a Tech company isn't worth a whole lot more than a Software Engineer II, and that shows in their compensation. Even if you're the best damn developer at the company, at a certain point, how much are you going to be compensated for the marginal boost in efficiency you provide?

BUT: I will qualify all this by saying if you can get into a Project Management role -- i.e., the part that combines the technology side with the strategy side -- then I would absolutely, 100% do that over a finance gig. (I think Google and Microsoft have two of the most well-known programs). That's where you become a true value-add, assuming you're good.

 
atomic:
onemanwolfpack:
You guys are absolutely drinking the Kool-Aid. The reason they get paid more than bankers is because they have actual, distinguishable skills. You could teach one of the Facebook nerds to run an M&A process in 3 months; good luck learning Java, C+, RubyRails so quickly..

Actually, it's precisely this reason that their salary progression is so miserable (maybe not at Facebook, specifically, I have no idea what Facebook's compensation structure is going to be like for the foreseeable future), but for most programmers.

They have an actual, distinguishable skill: This, in turn, is a skill that may easily be taught to someone else, probably from India, who will do it more cheaply. This applies to all engineering disciplines, really. You can always be a better senior banker -- pulling in deals, identifying opportunities, making connections -- but a Software Engineer IV at a Tech company isn't worth a whole lot more than a Software Engineer II, and that shows in their compensation. Even if you're the best damn developer at the company, at a certain point, how much are you going to be compensated for the marginal boost in efficiency you provide?

BUT: I will qualify all this by saying if you can get into a Project Management role -- i.e., the part that combines the technology side with the strategy side -- then I would absolutely, 100% do that over a finance gig. (I think Google and Microsoft have two of the most well-known programs). That's where you become a true value-add, assuming you're good.

Fair point. I think I just get frustrated sometimes that I feel what we do isn't building a tangible skillset that distingushes us from our non-finance peers

Marcus - I see you're still being angry. Hope you've gotten a day off work since the last time we spoke. Arghhhh!!!!!

"I don't know how to explain to you that you should care about other people."
 
atomic:
- but a Software Engineer IV at a Tech company isn't worth a whole lot more than a Software Engineer II, and that shows in their compensation. Even if you're the best damn developer at the company, at a certain point, how much are you going to be compensated for the marginal boost in efficiency you provide?
Have you ever even programmed in your life? Finding a great software engineer is extremely rare. The most efficient ones are incredibly hard to replace. There's a huge difference between a code monkey from India and a veteran American software engineer. Most CS graduates are incompetent at programming. See: http://www.codinghorror.com/blog/2007/02/why-cant-programmers-program.h…. The best software engineers are paid very well for 40-50 hour workweeks and can pretty much switch companies on a whim. Seriously, you guys need to stick with finance because that's all you know. To think that you know jackshit about software just because you're in IB is complete insanity.
 

Ive heard that FB pays their IB analysts better then the street does as well. Not sure how accurate that is.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
Best Response

You guys are so clueless its ridiculous.

99.9% of these programmers couldn't hold a conversation with a 3 year old. The vast majority of these kids will be stuck in the 100-250K bracket for life because they lack any skills other than coding. I've had the opportunity to meet a few of the guys that are the creative genius behind tech start-ups or coding geniuses at established start-ups like Google, Zynga, etc... and they are absolutely brilliant in what they do and nothing else. Which is fine.

But if you think they are on this trajectory where they learn how a start-up works for a few years, learn the VC fundraising ropes, become serial entrepreneurs and spend their remaining days trapsing around as the kings of Silicon Valley... you're sorely mistaken. Reality is that they have little to no social, leadership or managerial skills... the type of brain that does well in programming is not the type of brain that gets dropped into a completely new environment and absorbs everything like a sponge and builds on top of that... its also not the mindset of Larry Ellison / Steve Jobs type competitive tenacity that bulldozes through anything that comes in its way. This isn't even mentioning the fact that the dreams of being a master of the universe/captain of industry are disproportionately concentrated to those in the finance fields. Many of these programmers are perfectly happy working their 40 hours, coding what they're supposed to and punching their meal ticket every other week.

This is not a comparison to banking, so lets leave that part out of it. Just trying to shed some light on some of the claims being thrown around here.

 

While I agree with what a lot of you said, I think most people on this thread have a total inferiority complex and couldn't imagine someone from a different field doing better than them or making more money.

Yeah there are some that are total weirdos in dev, but the way movies, TV shows and that one kid you knew in college isn't a fair representation of a group of people. However, the guys who are the stereotypical developer type with no affable character traits or a girlfriend or whatever you want to bash them for, will very soon outpace IB in $$. Most development jobs at places like FB and Google are backend infrastructure roles supporting the network architecture of the entire system. Not necessarily the most interesting of projects to be working on. So, what do you do when you're a Stanford Grad who makes double what you guys said as an entry level job out in Mountainview? You go home and do what you love - make cool shit.

These people are coming home from work at 6 PM and logging onto their computers to legitimately change the world. It's not a small majority either, the reason that blockchain and decentralized protocols have been growing so rapidly is because they are attracting the best developer talent. The same thing happened with Linux OS and will happen with a decentralized internet like Blockstack. The developers at FB and Google are underutilized and frankly bored. There's a reason Google lets people work on personal projects for 20% of their day or whatever and it's not for passion.

You all also forgot about the google / fb developer that gets recruited by citadel/two sigma/etc. to make algos and make tons of cash.

So, yeah, developers won't end up being 40 year old MDs with $xxM in the bank, but hey, neither will most of you. IB is just as important, but I commend those dudes for trying to make something happen for themselves.

 
IRSPB:
thegentleman:
The back-office role being paid multiples of what IBD kids are getting? Ouch.

I actually heard this myself (from 2yr Analyst to SA): "You're in IT? So you're the guy that we call when our computer breaks?"

How on earth is programming at Facebook back office?

He's confused.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

Who are you people? Look, they pay more not because software engineering is the end all. It's because there are very few software engineers of the caliber they are looking for who are willing to work 90 hours a week to pump this turd higher pre-IPO. That's it, that's all. It's a bubble and they're flush with cash, willing to throw dollars at people who can feed the engines of progress with coal. Wall Street is exactly the same during a raging bull market.

 

No need to splooge over these salary numbers. They are in-line (if not slightly inflated) for salaries for top comp sci geeks at the top Silicon Valley companies (which includes Google, Apple, Oracle, etc). And these are entry-level numbers, which should stay reletivley flat over the long-term. You undergrads and recent grads might be thinking "OMFG 100K fapfapfapfapfapfap splooge", but there's a lot more to a meaningful career/life outside of your entry-level salary. And Silicon Valley is over flowing with wannabe entreprenuers who were at the early stages of a once-upon-a-time hot-shit start-up.

I have a family member who joined MSFT back in 1999, remember those days? He bought a brand new Porsche and 15K rolex when he was 24. Now he has a wife, 2.5 kids w/dog, has a nice home in the suburbs, and drives a Prius (not by choice).

Man made money, money never made the man
 
RE Capital Markets:
No need to splooge over these salary numbers. They are in-line (if not slightly inflated) for salaries for top comp sci geeks at the top Silicon Valley companies (which includes Google, Apple, Oracle, etc). And these are entry-level numbers, which should stay reletivley flat over the long-term. a meaningful career/life outside of your entry-level salary. And Silicon Valley is over flowing with wannabe entreprenuers who were at the early stages of a once-upon-a-time hot-shit start-up.

I have a family member who joined MSFT back in 1999, remember those days? He You undergrads and recent grads might be thinking "OMFG 100K fapfapfapfapfapfap splooge", but there's a lot more to bought a brand new Porsche and 15K rolex when he was 24. Now he has a wife, 2.5 kids w/dog, has a nice home in the suburbs, and drives a Prius (not by choice).

fapfapfapfap

hahahahahahaha

Your point is spot on though.

 
RE Capital Markets:
He bought a brand new Porsche and 15K rolex.

I would have to be fucking loooooooooooooooooooaaaaaaaaaaaded before I paid 15k for a watch

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 

My college buddy who graduated last year from Cornell in CS major got a job at a top tech firm as a programmer (think Facebook, Google, Amazon, Youtube, or Cisco).

He got 140k starting salary, 50k sign bonus, and 120k year-end stock bonus. And, he works 45-50 hours a week on max, gets subsidized housing for his apartment, free gym membership, and other perks. Needless to say, he fucking loves his job. He told me his job is interesting, intellectually stimulating, and he feels like his job is meaningful.

You may make similar money in banking, but it's going to be much more painful. In banking, the level of stress is far higher, insane hours, 'up or out' structure, arguably very boring nature of work (you are an excel/ powerpoint monkey as an analyst), and not to mention that the vast majority of people in banking won't make it past associate-level where they start to make true big bucks. (let's face it - even most analysts are gone from IB after 2 years, so burnout rate/ turnover rate in IB is far higher than in CS)

I would argue that a CS major at a good program is the best possible degree you could get. True, CS is a hard major, but it's not necessarily more difficult than physics, electrical engineering, or pre-med.

And, LOL at people who say salary for top programmers at top tech firms are capped at 150k. Most of ballers in SF or Silicon Valley are top programmers at top firms, or entrepreneurs from programming backgrounds.

 
Sexy_Like_Enrique:
My college buddy who graduated last year from Cornell in CS major got a job at a top tech firm as a programmer (think Facebook, Google, Amazon, Youtube, or Cisco).

He got 140k starting salary, 50k sign bonus, and 120k year-end stock bonus. And, he works 45-50 hours a week on max, gets subsidized housing for his apartment, free gym membership, and other perks. Needless to say, he fucking loves his job. He told me his job is interesting, intellectually stimulating, and he feels like his job is meaningful.

You may make similar money in banking, but it's going to be much more painful. In banking, the level of stress is far higher, insane hours, 'up or out' structure, arguably very boring nature of work (you are an excel/ powerpoint monkey as an analyst), and not to mention that the vast majority of people in banking won't make it past associate-level where they start to make true big bucks. (let's face it - even most analysts are gone from IB after 2 years, so burnout rate/ turnover rate in IB is far higher than in CS)

I would argue that a CS major at a good program is the best possible degree you could get. True, CS is a hard major, but it's not necessarily more difficult than physics, electrical engineering, or pre-med.

And, LOL at people who say salary for top programmers at top tech firms are capped at 150k. Most of ballers in SF or Silicon Valley are top programmers at top firms, or entrepreneurs from programming backgrounds.

I have a friend, too. he went to an Ivy league school. He is a leprechaun with a little bucket of gold. He tells me to burn things.

Your friend lied to you. That comp figure is so outside the norm even for a top MBA grad. 50K siging bonus for an undergrad? Oh please.

Man made money, money never made the man
 
RE Capital Markets:
Sexy_Like_Enrique:
My college buddy who graduated last year from Cornell in CS major got a job at a top tech firm as a programmer (think Facebook, Google, Amazon, Youtube, or Cisco).

He got 140k starting salary, 50k sign bonus, and 120k year-end stock bonus. And, he works 45-50 hours a week on max, gets subsidized housing for his apartment, free gym membership, and other perks. Needless to say, he fucking loves his job. He told me his job is interesting, intellectually stimulating, and he feels like his job is meaningful.

You may make similar money in banking, but it's going to be much more painful. In banking, the level of stress is far higher, insane hours, 'up or out' structure, arguably very boring nature of work (you are an excel/ powerpoint monkey as an analyst), and not to mention that the vast majority of people in banking won't make it past associate-level where they start to make true big bucks. (let's face it - even most analysts are gone from IB after 2 years, so burnout rate/ turnover rate in IB is far higher than in CS)

I would argue that a CS major at a good program is the best possible degree you could get. True, CS is a hard major, but it's not necessarily more difficult than physics, electrical engineering, or pre-med.

And, LOL at people who say salary for top programmers at top tech firms are capped at 150k. Most of ballers in SF or Silicon Valley are top programmers at top firms, or entrepreneurs from programming backgrounds.

I have a friend, too. he went to an Ivy league school. He is a leprechaun with a little bucket of gold. He tells me to burn things.

Your friend lied to you. That comp figure is so outside the norm even for a top MBA grad. 50K siging bonus for an undergrad? Oh please.

I go to Cornell. At Cornell, we have a bunch of CS majors, since it is a big CS/ engineering school. I specifically know 3 kids who graduated last year with CS degree, and know several more still in school.

100k+ salary with 50k+ sign bonus is the norm for CS majors. Another kid I know who got a job at a no-name start-up firm in SF as a programmer is making over 150k straight out of college, and he doesn't even work at a top tech firm like Facebook or Apple.

Get your fact straight.

I wanted to switch to CS major, knowing the incredible job market / demand for CS majors. I am an Econ major. However, I knew that I didn't have the brains to survive the rigorous CS major. My ex-roommate switched to CS major from Econ and he got kicked out of Cornell due to having like 4 F's in a semester. After seeing this, I got scared away from going into CS major since I suck at math/ science, and I thought I must suck balls at CS. CS is no joke, and people who go through CS and get high paying jobs deserve what they're making.

 

this isn't new - 2 of my friends had base salary offers of $105k from Microsoft straight out of undergrad, and that was 12 years ago. $40k signing bonus, $20k relo, plus stock option grants. I know Microsoft is old hat today, but in the late 90's it was similar to how landing a gig at Google / Facebook is today.

getting your hands on a talented software engineer is far more valuable than getting your hands on some purebred finance kid from wharton.

 

I dunno, my CS professor says he knows programmers that make ~200-300k but I couldn't imagine it getting that much higher unless you're an absolute baller (or a quant), so there's def more money to be made in finance if you're great at your job... coming from a hopeful programmer. 100k + 45-50 hour work weeks = pretty damn good either way

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 
scottj19x89:
I dunno, my CS professor says he knows programmers that make ~200-300k but I couldn't imagine it getting that much higher unless you're an absolute baller (or a quant), so there's def more money to be made in finance if you're great at your job... coming from a hopeful programmer. 100k + 45-50 hour work weeks = pretty damn good either way

It gets higher when you start your own company, and thousands of CS guys do that (i.e. the truly talented engineers that know their worth). Think of it terms of ratios or proportions. How many kids across the world that get a Finance degree end up as MD at Goldman, or whatever it takes to crank $1M++ in that world? My guess is that the % of CS grads that break $1M in income / liquid assets early in life (whether they started their own shit, or were early on developers at M$, Google, Facebook, etc) is larger than the % of Finance grads that do the same.

I have no data to back up my guess, so flame my post with that in mind. And either way, almost all CS people are only fit for mid level Java programmer jobs, and almost all Finance people are only fit for mid level analyst gigs. It's the rare exception that stands out in either field. We forget that around here, because everyone on this board wipes their ass with Harvard acceptance letters.

 
djfiii:
We forget that around here, because everyone on this board wipes their ass with Harvard acceptance letters.

Ah, Harvard... the University of Michigan of the East. You know what I'm sayin djfiii...

Sexy_Like_Enrique:
I am an Econ major. However, I knew that I didn't have the brains to survive the rigorous CS major. My ex-roommate switched to CS major from Econ and he got kicked out of Cornell due to having like 4 F's in a semester. After seeing this, I got scared out of going into CS major

You said this in another thread and it makes me really wish you wouldn't have let one person's experience get to you that badly... some people just excel at certain subjects. My problem class was intro to chemistry, not because it was hard, but because it was boring as HELL and I couldn't find one single fuck to give about anything for that class... not one. I still did pretty good, but if I cared AT ALL about what a solution of hydrochloric acid and silver produce, I could've aced that shit... even if our chemistry department decided not to give us the answers to our second exam or let us see them before the final (wtf?)

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 

Yeah I know, but in the article it says that a lot of cs majors can't write that program... which just seems weird

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 
scottj19x89:
Yeah I know, but in the article it says that a lot of cs majors can't write that program... which just seems weird

if you're just getting started in CS at UMich, I highly recommend you take a little of your free time and go through the MIT Intro to Algorithms course @ OpenCourseWare:

http://ocw.mit.edu/courses/electrical-engineering-and-computer-science/…

Getting your arms around that stuff in advance of taking the class will help you in every other CS class you take.

 
djfiii:
scottj19x89:
Yeah I know, but in the article it says that a lot of cs majors can't write that program... which just seems weird

if you're just getting started in CS at UMich, I highly recommend you take a little of your free time and go through the MIT Intro to Algorithms course @ OpenCourseWare:

http://ocw.mit.edu/courses/electrical-engineering-and-computer-science/…

Getting your arms around that stuff in advance of taking the class will help you in every other CS class you take.

Awesome... thanks. I'll be bookmarking this bad boy.

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 

Another important piece of information people seem to be forgetting here is that a job as a programmer at a top firm is arguably much more meaningful, interesting, and fulfilling than a typical banking job.

You feel valued by company, you create value, you develop your specific niche skill set as a programmer, and you have options to branch out your skill set and network into a start up in tech sector. There are lots of opportunities in CS.

As an I-banking analyst, you are nothing more than a glorified Excel data-entry slut. Even if you work at GS IBD, you are deemed to be VERY replaceable, and a typical banker lasts less than 3-4 years in IB after which many go into corporate finance where the comp is significantly lower than in IB. The work you do as an IB analyst is no where as interesting/ meaningful/ stimulating as what you would do as a programmer at a top tech firm.

I am not shitting on banking. I do think that banking is the best gig you can get with a liberal arts/ business/ econ degree. However, it pales in comparison to a CS major getting a top programming job at a strong tech start up or an established firm like Facebook, in many dimensions.

 

If you aren't heavily math inclined, CS would crush you, especially at a good school where they move quickly. You made the right choice. A lot of things are assumed (matrix math, linear algebra, some advanced calc)

 
djfiii:
If you aren't heavily math inclined, CS would crush you, especially at a good school where they move quickly. You made the right choice. A lot of things are assumed (matrix math, linear algebra, some advanced calc)

Yeah, if I switched to CS major, I am pretty sure I would have gotten kicked out of school due to terrible grades.

Were you a CS major? Is CS major harder than physics/ high-end engineering majors in your opinion?

 
Sexy_Like_Enrique:
djfiii:
If you aren't heavily math inclined, CS would crush you, especially at a good school where they move quickly. You made the right choice. A lot of things are assumed (matrix math, linear algebra, some advanced calc)

Yeah, if I switched to CS major, I am pretty sure I would have gotten kicked out of school due to terrible grades.

Were you a CS major? Is CS major harder than physics/ high-end engineering majors in your opinion?

I personally think CS is way more difficult than math or physics. I got anal raped in the former, but excelled in the latter two...

 
Thurnis Haley:
Everyone on this website seems to sneeze on making $150k/year as if it's poverty.

I wouldnt sneeze at $150k/yr, that's a good living for anybody. I sneeze at the notion of a CS major making $150k/yr base salary out of college.

Man made money, money never made the man
 
RE Capital Markets:
Thurnis Haley:
Everyone on this website seems to sneeze on making $150k/year as if it's poverty.

I wouldnt sneeze at $150k/yr, that's a good living for anybody. I sneeze at the notion of a CS major making $150k/yr base salary out of college.

It's not the average of course, but it's common for the top CS recruits. Just like the average Finance salary is probably $45k out of undergrad, but IB kids with the right talent and pedigree make 2x+ that out of UG.

 
RE Capital Markets:
Thurnis Haley:
Everyone on this website seems to sneeze on making $150k/year as if it's poverty.

I wouldnt sneeze at $150k/yr, that's a good living for anybody. I sneeze at the notion of a CS major making $150k/yr base salary out of college.

I was more referring to the idea that making $150k/year mid career is a bad salary.
 

100k starting sounds right, 50k sign on bonus is ok, 5k in relocation is fine. i believe the 120k number was also included in the signed on and doesn't vest until after 3 years.

you do not get 120k every single year based on what i know

it's a great lifestyle with pretty good pay if you are good at programming and you tend to get stuck in the 150k range without moving up.

 
Sexy_Like_Enrique:

Were you a CS major? Is CS major harder than physics/ high-end engineering majors in your opinion?

among other things, yes, I have a CS degree. I don't think it's any harder than physics / engineering. In some cases, CS is actually part of the engineering school depending on the institution. A lot of my friends went the Computer E / Mech E / Electrical E route and their classes seemed as difficult (some maybe more, from my perspective) than some of the CS classes.

 

Another job that pays close to IB dollars, ironically, is nurse.

My cousin is making 120k as a nurse 2 years out of school, and her tuition got paid by the government because nurses are in shortage.

Not a bad gig at all, except it would fucking suck to be a male nurse.

 

LIke someone in this thread has already mentioned, most of you have no idea what it takes to get into and graduate with a CS major from a top engineering school. It's no walk in the park and would make IB analyst work look like a joke. For the top students, offers at FB, Google or start-ups you never heard of offering easily over 100k is not at all uncommon. This was true even a decade ago. I know trust me, I had those offers. It's also true that growth in compensation is slow, but keep in mind the comp is steady, they like their jobs and they arguably add value to the world and build stuff. There is also upside from entrepreneurship, stock options, etc. and of course the weather and lifestyle in California is arguably better than NYC. Of course all graduating kids every year start drooling ove IB jobs as though its some sort of mecca. I don't see the fascination of working 100+ hour weeks, getting treated like crap, and the volatility in your career, all for just maybe being able to make 100-200k and the small chance of making it to VP or MD. Meanwhile you've wasted the best years of your life, had not time to develop real relationships with your friends, family and possibly a partner/significant other. No time to travel and no time live life to the fullest. You couldn't pay a world class programmer enough to be a douche-bag banker.

 

Young programmers are highly valued for variety of reasons, if a young and extremely bright programmer is earning 200k just out of college, than it should not be a surprise.

First of all, it's not "just any other comp sci grad" who gets into facebook and makes this much.

First of all, facebook doesn't recruit at community colleges for such requirements, there are guys from Stan/MIT/Berkley etc. Even in those schools, facebook and google are dream companies for CS majors. It's the cream of cream, who get into the highly coveted rapid development roles at facebook. And believe me, I am a CS major myself from top school, the requirements in facebook for such a high salary seems impossible to average comp sci grad in Ivy, all these companies want kids who are totally into programming and computer science, day and night; and yes there are very few cases like that in each Ivy. If you'll get to observe their life for couple of days, you'll yourself agree that it's ok to give them 200k, just out of college, I mean these guys can code even 35-40 hours straight on in hacking competetions, that's the kind of dedication to programming I'm talking about. Moreover, it's not the regular payscale of FB, it's for a specific requirement, usually such a salary is offered when you need extremely dextreous nerds for rapid application development, for working hours matching those of bankers. it's really not surprising at all, IMO.

 
FlySoHigh:
Hey guys do you think it is possible to learn computer programming on your own after college and enter a tech related field? If so how would you guys recommend going about it? Thanks.

Do you want to enter as a software engineer or do you just want to learn coding to be better positioned for other jobs at tech firms. While the amount of programming I did is ridiculously small, I can tell you that unless you are a natural, there is no chance that you will make up for your "lost" years - the real pros probably did this since they were teenagers.

What I don't understand, if you're in IB are you honestly considering this now because FB and other tech firms are willing to pay you the same salary for less hours? Plus, what makes you so sure that you will enjoy programming more?

 
EuroLocust:
FlySoHigh:
Hey guys do you think it is possible to learn computer programming on your own after college and enter a tech related field? If so how would you guys recommend going about it? Thanks.

Do you want to enter as a software engineer or do you just want to learn coding to be better positioned for other jobs at tech firms. While the amount of programming I did is ridiculously small, I can tell you that unless you are a natural, there is no chance that you will make up for your "lost" years - the real pros probably did this since they were teenagers.

What I don't understand, if you're in IB are you honestly considering this now because FB and other tech firms are willing to pay you the same salary for less hours? Plus, what makes you so sure that you will enjoy programming more?

Haha no nothing to do with FB. I'd like to gain a better understanding out of natural curiousity and to better position myself for jobs at tech firms. I am not sure if I would enjoy programming but was wondering if anyone has self taught themselves and what they recommend to give it a try. Thanks.

 

Aren't we all leaving out the significance of selling skills out of this? After 4-5 years of ibanking, most bankers get into the selling aspect of the business which is where they make significantly more (vp level and above?). Average cs major never gets exposed to selling but the ones that do make close to bankers.

software engineers vs quants is probably a better comparison since both end up fiddling with technical stuff most of their careers. soft eng. vs bankers...not so much.

 
topspin330:
Aren't we all leaving out the significance of selling skills out of this? After 4-5 years of ibanking, most bankers get into the selling aspect of the business which is where they make significantly more (vp level and above?). Average cs major never gets exposed to selling but the ones that do make close to bankers.

software engineers vs quants is probably a better comparison since both end up fiddling with technical stuff most of their careers. soft eng. vs bankers...not so much.

"most" bankers make it to VP level and above? I don't think so.

Just look at the IB analyst class. Most analysts are gone after 2-3 year stints. Not to mention, IB has a strict 'up or out' policy - meaning if you don't get promoted in a certain time frame, you are asked to leave.

Most IB analysts or associates won't make MD. And, to truly get rich as a banker, you need to make MD. Most people either quit long before that or they don't make it all the way there

 

I started programming when I was a kid, and it was all self taught. I got a graduate degree in CS to formalize it, but I can tell you this - I did it on my own time for all those years because I love it. Almost certainly because of that, I'm good at it. In my experience, that's the case with everyone I've met that's really good at coding. If you just have a passing interest because it's in the lime light right now, chances are you won't be very good at it.

That said, I'd never discourage someone from trying. I'm pretty old school so I always recommend people start by learning C because you have to understand the mechanics of how software interacts with the operating system, how memory is managed (and mismanaged), etc.

http://www.amazon.com/Programming-Language-2nd-Brian-Kernighan/dp/01311…

Then move on to C++ or Java to start learning object oriented design methods.

 

I can confirm the number. $100k base salary at FB (no idea about bonus) At GOOG/MSFT/AMZN/ORCL it's closer to $85k.

I know a few CS kids from my school at GS TMT (and a couple of engineers at MS Menlo and Qatalyst). That being said, most CS people here will NEVER go into banking. Some of them are interested in prop trading shops, BB trading, or HF, but not banking.

Also, startups are huge. People turn down McK to join these startups. (other majors would call them crazy)

 

Few observations: - Most CS grads don’t make anywhere near 100K base + 100K bonus. I have many electrical engineering/CS friends from top colleges (including Cornell) and their starting salaries were 70~80K (~100K if you went to grad school), very nominal bonus. And I’m talking about people who went to Microsoft, Cisco, Yelp, Google etc. Don’t know anyone who went to Fbook though. - CS/Engineering majors have by far the greatest workload. I was a physics/math major and we had some brutal problem sets but they in no way compared to the CS projects, at least in terms of # of hours required.
- Agreed that you need to have a ‘knack’ for it. I took an intro to Java class and I was destroyed. ManBearPig, I’m no math phd student but I’m no dumbass either (have taken abstract algebra, manifolds etc.), but I just don’t have a programmer’s brain. - For those saying these guys are anti-social, keep in mind that the TRUE innovators of the modern economy are software engineers, not some Goldman MD. I do agree though that many CS majors are “average” (or at least content with an “average” job that pays 200~300K down the line).

 

But even at the associate level, the average banker all-in salary is around 300k? Average software eng/project manager salary caps out at ~150k-190k even at places like goog, aapl etc (and that's after a couple of years of experience). Btw, this is coming from a cs major.

 

for those of you that pm'd me and have expressed an interest in CS, in addition to the MIT algorithms course I linked above, a great resource to keep your eye on is Stanford's (work in process) online free curriculum. I took the Artificial Intelligence class a while back, which was sort of a beta attempt at offering Stanford graduate level CS course work online for free. The cool thing, at least with the AI class, was that thousands of people across the world were taking this class alongside an in-class group at Stanford. So, same lectures, same tests, same homework, etc. As a non-Stanford student, you obviously aren't getting college credit or a Stanford degree, but you have an opportunity to learn the same material, from the same professors. They are in the process of rolling out some more basic CS content (Theory, Networks, Operating Systems, InfoSec, Distributed, Web Apps, etc.), so keep your eyes open in the coming months:

http://www.udacity.com/

 

Why is this even a thread? MANY jobs pay more than a first year analyst on an hourly rate. Analyst productivity is fucking low.

If engineers worked analyst hours they'd be making 180k+.

 
PetEng:
Why is this even a thread? MANY jobs pay more than a first year analyst on an hourly rate. Analyst productivity is fucking low.

If engineers worked analyst hours they'd be making 180k+.

It's a thread because some people here thinks that bankers are the only one good at making money.

Once they find out that other people can milk more money or the same salary as them out of college, they get jelly. Find excuses etc... Saying things like programmers don't have social skills, programmers don't know shit.

As you can see, Marc Zuckerberg, Segey, the youtube folks are balling not on social skills but on the amount of money they make. Time for people on this board to accept that they are not all that shit.

Plus, the programmer can have the satisfaction to say that he created something while all the analysts and associate can say is" I created pitch books".

This is about raw talent

The responses that people are giving explain why this is a thread. They are in disbelief. If you can't beat someone, dehumanize him , call him anti-social lolol

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 
Yohoo:
PetEng:
Why is this even a thread? MANY jobs pay more than a first year analyst on an hourly rate. Analyst productivity is fucking low.

If engineers worked analyst hours they'd be making 180k+.

It's a thread because some people here thinks that bankers are the only one good at making money.

Once they find out that other people can milk more money or the same salary as them out of college, they get jelly. Find excuses etc... Saying things like programmers don't have social skills, programmers don't know shit.

As you can see, Marc Zuckerberg, Segey, the youtube folks are balling not on social skills but on the amount of money they make. Time for people on this board to accept that they are not all that shit.

Plus, the programmer can have the satisfaction to say that he created something while all the analysts and associate can say is" I created pitch books".

This is about raw talent

The responses that people are giving explain why this is a thread. They are in disbelief. If you can't beat someone, dehumanize him , call him anti-social lolol

Have you ever taken a Discrete Mathematics course, or a class on Optimizing Algorithms? A tremendous number of them really don't possess any sort of meaningful social skills. It's downright mind-boggling how geeky they are. I mean, I'm a pure Math major, so I'm somewhat immune to a middling capacity for human interaction, but the EECS guys escalate that quality to a form of fucking poetry. All two normal guys I know in CS (in addition to being incredibly well-positioned professionally) have to take random classes just to escape the all-encompassing weirdness they face in their classes.

Then again, your average Banking Analyst class isn't all that much better. In fact, it might even be worse. You can pretty much split that terrible affair into four buckets, at least based on my experience:

1) The Hyper-Nerd:

"Sure, 80+ hour work weeks mean I'll have to give up my nightly Naruto marathons, but one day... Somewhere, and somehow, some girl will bone me because I'm a Banker."

2) The Hyper-Tool:

See Also: My Daddy Got Me This Job.

3) The Dumb Slut:

The recent economic downturn has resulted in a decrease from Bucket 3, but that just means this category has gotten even dumber and sluttier. (Note: Almost certainly won't be receiving a full time offer, so go for it. You've got nothing to lose).

4) The Frigid Bitch:

She will cut you.

 

As a recent CS grad from a top school, I can fully confirm that starting pay for current CS grads. Most TOP firms in the valley hover around that range in fact and as such these offers aren't just confined to FB or GOOG. Its naive to look at averages across an entire class as done so in this thread because that destroys the essence of the argument which centers on comparing top CS jobs with top Finance jobs. If anything, an 80k average across an entire class would only solidify the 6 figures starting pay of the top x percentile of that class

The 150k ceiling floated around by some members in this thread is also untrue. I actually know 24-25 year olds who have surpassed that by currently hovering around 170-200k with stock options (vested within that year only) and performance bonuses counted in. Some of those cases are in fact in Seattle where the COL is absurdly lower.

Tech is such a young and fast evolving industry though that unlike ibanking, there is essentially no historical data that can allow one to judge the long term pay growth of CS rockstars starting today. The sample set is also huge with significant deviations. A 40 yr old programmer at company X could be making less than a 22 year old at company Y starting today. This would be an anomaly in something as relatively niche and specific as ibanking, but not so in CS since its such a wide spread field. But it does make comparisons between the stereotypical 40 year old average Indian programmer at and a MIT rockstar starting off at Google moot and nonsensical.

In conclusion CS is one hot of a MOFO major right now with no signs of slowing down.

 

To add some input, I was a CS major in under grad, at 23 years old I got a job as a systems/network engineer for a hedge fund and the starting salary was in the low 6 figures plus bonus.

Hours aren't too bad either, usually 50 a week, all the free catered food helps the day go by faster :)

 

So how do Information System Management major fair in all that high salary rave?

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 
Ace6904:
Yohoo:
So how do Information System Management major fair in all that high salary rave?
MIS/CIS/IS is not CS.

Answer to your question, they don't get high salaries.

No one said that CS was MIS or anything else than CS

Thanks for answering the salary question

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 

It horrifies me. One time, it split a girl in half.

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 

While these two are comparing the size of their dick, can someone talk about the salaries for people who study Information Management System?

How can someone with such a soft degree maximize their chance of getting a high salary in the tech industry or wherever they go if they combine it with an accounting or finance degree.

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 
Yohoo:
While these two are comparing the size of their dick, can someone talk about the salaries for people who study Information Management System?

How can someone with such a soft degree maximize their chance of getting a high salary in the tech industry or wherever they go if they combine it with an accounting or finance degree.

I posted mine earlier up on the page

\/ \/ \/

wazuh:
To add some input, I was a CS major in under grad, at 23 years old I got a job as a systems/network engineer for a hedge fund and the starting salary was in the low 6 figures plus bonus.

Hours aren't too bad either, usually 50 a week, all the free catered food helps the day go by faster :)

 
wazuh:
Yohoo:
While these two are comparing the size of their dick, can someone talk about the salaries for people who study Information Management System?

How can someone with such a soft degree maximize their chance of getting a high salary in the tech industry or wherever they go if they combine it with an accounting or finance degree.

I posted mine earlier up on the page

\/ \/ \/

wazuh:
To add some input, I was a CS major in under grad, at 23 years old I got a job as a systems/network engineer for a hedge fund and the starting salary was in the low 6 figures plus bonus.

Hours aren't too bad either, usually 50 a week, all the free catered food helps the day go by faster :)

Thanks for the response :)

But you were hired as a CS degree holder not IS graduate.

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 

^^^ lol, I misquoted manbearpig. I meant to reply to Ezekiel2517. I was simply pointing out the depth of stochastic processes. They are people spending their whole life studying this stuff. And nothing is easy in mathematics if you dig deeper. And regarding the difficulty of Karatzas & Shreve's book, it is widely acknowledged as a fact. If you can get through that book easily, then you are a ninja. Sure, I used a little sarcasm at the end. I am not really saying CS is way easier than math or physics.

Anyway, don't be so retardedly sensitive. Good day! :)

 
GekkotheGreat:
^^^ lol, I misquoted manbearpig. I meant to reply to Ezekiel2517. I was simply pointing out the depth of stochastic processes. They are people spending their whole life studying this stuff. And nothing is easy in mathematics if you dig deeper. And regarding the difficulty of Karatzas & Shreve's book, it is widely acknowledged as a fact. If you can get through that book easily, then you are a ninja. Sure, I used a little sarcasm at the end. I am not really saying CS is way easier than math or physics.

Anyway, don't be so retardedly sensitive. Good day! :)

You misquoted him because you were too busy looking at your dick. ok now, please stop the competition. No one is interested in knowing who got a bigger dick. Your childish argument and baseless self-promotion are not adding anything useful to the thread.

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 
Yohoo:
GekkotheGreat:
^^^ lol, I misquoted manbearpig. I meant to reply to Ezekiel2517. I was simply pointing out the depth of stochastic processes. They are people spending their whole life studying this stuff. And nothing is easy in mathematics if you dig deeper. And regarding the difficulty of Karatzas & Shreve's book, it is widely acknowledged as a fact. If you can get through that book easily, then you are a ninja. Sure, I used a little sarcasm at the end. I am not really saying CS is way easier than math or physics.

Anyway, don't be so retardedly sensitive. Good day! :)

You misquoted him because you were too busy looking at your dick. ok now, please stop the competition. No one is interested in knowing who got a bigger dick. Your childish argument and baseless self-promotion are not adding anything useful to the thread.

You sure love dick. Every time you post, it's dick this and dick that.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

Once you get into the more advanced topics, the lines between CS and Math / Physics / Engineering start to blur anyway, so this debate is borderline meaningless. Cranking out boilerplate code in an IDE is not computer science. Computer science is about figuring out more efficient ways of performing certain tasks. Invariably these tasks overlap with other fields, from networking, to genetics, to automotive engineering, to fluid dynamics, to satellite launch and design, etc.

 
djfiii:
Once you get into the more advanced topics, the lines between CS and Math / Physics / Engineering start to blur anyway, so this debate is borderline meaningless. Cranking out boilerplate code in an IDE is not computer science. Computer science is about figuring out more efficient ways of performing certain tasks. Invariably these tasks overlap with other fields, from networking, to genetics, to automotive engineering, to fluid dynamics, to satellite launch and design, etc.
I agree. The good part of college is being able to pick your major. That means that everybody is basically free to leverage their strengths and interests. I love math and computers, so I'm an applied math major. I find physics/chem extremely challenging and I don't enjoy them at all. Therefore I only did the minimum physics and chem required for applied math. And that's fine. I wouldn't suggest that physics is harder than math because I just don't like physics so obviously I was not going to do as well. All this talk in this thread about suddenly switching to CS is dumb. You can't force yourself to do a technical major unless you are honestly interested. But the best part of college is you don't have to. If finance interests you and you're good at it, do finance damnit. Don't do math or CS because you think that's what will get you a job. I have a relatively mediocre 3.4 GPA and I do not regret being an math major at all. Now I'm just ranting.
 

More accurately, once they move through this period of huge demand for devs, compensation will drop back to market. Public / Private isn't going to be a determining factor there. It's not like shareholders are going to band together and demand Zuckerberg start paying less for developers.

Any company with tons of cash and great growth prospects is going to pay above market to bring in top talent. That's not rocket science, and it's not unique to Facebook, or the tech industry, or even to this era. Some of the best automotive engineers made above market salaries 50 years ago when the big 3 auto makers were experiencing rapid growth post WWII. It's ECON 101.

 

Lot of you are saying that CS is hard. What I think is it totally depends upon the school. If you are in MIT, Stanford, or Caltech, then CS is mostly mathematical and algorithmic. However, mid tier schools are pretty easy and still big names like Microsoft, oracle, intel, go and recruit there. I know average people who majored CS from mid tier schools and got into these tech giants and are making tons of money. I recently went to a university that falls under top 100 national (usnews), to recruit for my company and many students I spoke with were average and still the recruiter will call them for interviews.

 
ivedtara:
Lot of you are saying that CS is hard. What I think is it totally depends upon the school. If you are in MIT, Stanford, or Caltech, then CS is mostly mathematical and algorithmic. However, mid tier schools are pretty easy and still big names like Microsoft, oracle, intel, go and recruit there. I know average people who majored CS from mid tier schools and got into these tech giants and are making tons of money. I recently went to a university that falls under top 100 national (usnews), to recruit for my company and many students I spoke with were average and still the recruiter will call them for interviews.

Is mathematical and algorithmic CS neccessary for big companies?.

That´s the question..

Correct me, if I am wrong, but I don´t think that "hardcore" theoretical subjects are not really required to work in industries.

 
Kuggi2011:
ivedtara:
Lot of you are saying that CS is hard. What I think is it totally depends upon the school. If you are in MIT, Stanford, or Caltech, then CS is mostly mathematical and algorithmic. However, mid tier schools are pretty easy and still big names like Microsoft, oracle, intel, go and recruit there. I know average people who majored CS from mid tier schools and got into these tech giants and are making tons of money. I recently went to a university that falls under top 100 national (usnews), to recruit for my company and many students I spoke with were average and still the recruiter will call them for interviews.

Is mathematical and algorithmic CS neccessary for big companies?.

That´s the question..

Correct me, if I am wrong, but I don´t think that "hardcore" theoretical subjects are not really required to work in industries.

Java developer at F500? Probably not much in the way of Algo questions. Software Engineer at Microsoft, Facebook, Google, Amazon, whatever else? You bet your ass. Tons of algo questions.

 
Kuggi2011:
ivedtara:
Lot of you are saying that CS is hard. What I think is it totally depends upon the school. If you are in MIT, Stanford, or Caltech, then CS is mostly mathematical and algorithmic. However, mid tier schools are pretty easy and still big names like Microsoft, oracle, intel, go and recruit there. I know average people who majored CS from mid tier schools and got into these tech giants and are making tons of money. I recently went to a university that falls under top 100 national (usnews), to recruit for my company and many students I spoke with were average and still the recruiter will call them for interviews.

Is mathematical and algorithmic CS neccessary for big companies?.

That´s the question..

Correct me, if I am wrong, but I don´t think that "hardcore" theoretical subjects are not really required to work in industries.

It may not be needed to to the job but in the interviews you are asked algo questions. I have interviewed at google, microsoft, salesforce, oracle and more. I was grilled all day with algo questions and since I am involved with recruiting at my company it is what they do for interview. There might be exceptions but ususally this is how it works.

 
ivedtara:
Lot of you are saying that CS is hard. What I think is it totally depends upon the school. If you are in MIT, Stanford, or Caltech, then CS is mostly mathematical and algorithmic. However, mid tier schools are pretty easy and still big names like Microsoft, oracle, intel, go and recruit there. I know average people who majored CS from mid tier schools and got into these tech giants and are making tons of money. I recently went to a university that falls under top 100 national (usnews), to recruit for my company and many students I spoke with were average and still the recruiter will call them for interviews.

I guarantee you this - nobody that made it through a technical Microsoft, Google, Facebook, Amazon, or any other tech giant interview did a CS degree without a heavy dose of algorithms. Most of the questions those companies ask are directly related to problem solving techniques you learn in Algorithms classes (many of which are modeled after MIT / Stanford Algo classes). Graph Traversal, Divide and Conquer algos, Search optimization, etc.

 

Wall Street : Annual Bonus

Silicon Valley : Employee Stock Options

It is really that simple. Nobody in the valley is working for just the base salary. Everybody wants to own those valuable stock options, and working at a firm like FB will give you the street cred that will allow you to transition to one of the premiere VC-backed startups where you have a legitimate chance at a big exit.

 

NEW YORK (AP) — Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a Wednesday regulatory filing.

Facebook Inc. said in a filing with the Securities and Exchange Commission that it will pay Zuckerberg, 27, a base salary of $500,000 per year. Zuckerberg's 45 percent target bonus will be based on his performance.

Chief Operating Officer Sheryl Sandberg will receive a base salary of $300,000. Her target bonus is also 45 percent.

David Ebersman will continue to serve as chief financial officer and he will get a base salary of $300,000. Mike Schroepfer, Facebook's vice president of engineering, will receive a base salary of $275,000. Both he and Ebersman have a target bonus of 45 percent.

That said, the bulk of the windfall Zuckerberg and others will earn will be in the form of Facebook stock they own. The company said last week it plans to raise $5 billion in its IPO. If all goes as planned, Facebook could be worth as much as $100 billion.

Another executive, Vice President and General Counsel Theodore Ullyot, will receive a base salary of $275,000, according to the filing. He will also get a retention bonus of $400,000 per year for five years, as well as restricted stock and stock options.

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 

More shit to make the banker jelly:

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Groove is a social customer support platform that helps companies manage customer support across all types of channels - email, web, livechat, mobile, Twitter, Facebook and more. From glowing reviews in TheNextWeb (TNW), surging signup interest, an ever exuberant user base and a new capital injection of 1mm, we’re currently in the process of building out our team.

Compensation

120K + a meaningful equity stake.

Hours

On average we’ll expect 40 hour weeks and 40+ during crunch times.

Required Skills and Experience

3+ years experience with Ruby on Rails, Javascript, SQL 3+ years experience developing SaaS and/or enterprise software applications Experience with agile, iterative, and test-driven development methods Experience with JQuery, CSS3, semantic markup (sass and haml) Ability to stay motivated and work well independently Ability to thrive in a fast paced startup environment Location

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No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
 

I came from a no name foreign school working in a less sexy tech company (not like FB, Google etc) but still doing hard core tech. Making 400K. Most people with 8-10years experience out of undergrand making close to 500K in these top tech companies. Comp have sky rocketed in tech in the last few years. Don't look at Glassdoor - it's seriously doesn't reflect market rates(mainly because comp have increase a lot and the site still has lot of old and fake data) and everyone in the industry knows that.

 

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Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

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success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”