Facebok pays better than 1st year analyst?
(Senior Baboon, 241
Points)
on 2/2/12 at 4:15pm
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/tec...
No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.






You will probably make that
You will probably make that same amount until you're 40.
Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
How many willing and capable
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
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
It's cyclical, if you're not
It's cyclical, if you're not already on your way to getting some sort of IT related degree you might already be too late.
Location is everything also,
Location is everything also, Palo Alto is expensive. Not saying NYC isn't, but that Facebook salary will probably stay the same without a big bonus each year. Can't really compare the progression of salary+bonus at IB.
i'd take that money just to
i'd take that money just to be within range of delivering a merciless cock-punch to zuckerbitch
Yeah but most of these
Yeah but most of these engineering compensation packages flatten very quickly...very few professions compare to investment banking's comp acceleration even with the recent compression in pay
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You guys are absolutely
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..
onemanwolfpack wrote: You
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.
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Be a quant, have the coding
Be a quant, have the coding skills and the finance skillz.
Ive heard that FB pays their
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
onemanwolfpack wrote: You
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.
accountingbyday
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.
You guys are so clueless its
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.
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onemanwolfpack wrote: You
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 wrote: onemanwolfpack
The back-office role being
Stop crying. That's what you
Who are you people? Look,
No need to splooge over these
Man made money, money never made the man
RE Capital Markets wrote: No
Being in the tech industry
|| But feeling good and enjoying life are prerequisites to success, not by products of it- Midas Mulligan Magoo ||
RE Capital Markets wrote: He
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
atomic wrote: - but a
this isn't new - 2 of my
Thurnis Haley
I dunno, my CS professor says
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.
Thurnis Haley wrote: atomic
Sexy_Like_Enrique wrote: My
Man made money, money never made the man
Thurnis Haley wrote: Most CS
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.
Sexy_Like_Enrique
scottj19x89 wrote: I dunno,
RE Capital Markets
djfiii wrote: We forget that
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 wrote: Write a
Yeah I know, but in the
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
actually, feel free to shit
djfiii wrote: actually, feel
Sexy_Like_Enrique wrote: RE
Man made money, money never made the man
scottj19x89 wrote: Yeah I
scottj19x89 wrote: djfiii
If you aren't heavily math
djfiii wrote: scottj19x89
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.
Everyone on this website
djfiii wrote: If you aren't
Thurnis Haley wrote: Everyone
Man made money, money never made the man
100k starting sounds right,
Sexy_Like_Enrique wrote: Were