Big Tech vs Wall Street Total Comp
I've seen an infinite amount of posts on this site claiming that the compensation for software engineers at tech shops is the same as most careers on Wall Street.
I understand the work-life-balance at tech is likely incredibly better but I am confused as to how comp is similar in most cases.
After doing a few Google and Glassdoor searches, it appears that 90% of software engineers' total comp caps at $200 - $250 k, which is definitely exceptional in life but seems low compared to most mid-level/senior roles on Wall Street (even outside IB/PE). I know that some SWE, like 10%, get % of equity in their firm but it seems more rare than the status-quo.
Love to hear more explanations into comp and if these numbers are accurate for tech.