Tech bros are inferior - a follow up

Lots of anger and sexual frustration has been reverberating from SWE troglodytes on my last post, which compared high finánce to tech. Here I am going to lay out the weighted average compensation for 2021 which has been peer reviewed by over 130 sources across 18 countries:

IB analyst - $190k
Associate - $320k
VP/Director - $500k
MD - $1mm+

Entry level SWE - $90k
Mid level SWE - $120k
Upper level SWE - $160k
Highest level SWE - $195k

This is in addition to tech having lower prestige and a much worse culture. There is no debate whatsoever, high finance is the most profitable and most prestigious career path

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Comments (16)

Most Helpful
Dec 2, 2021 - 9:48pm

Your mappings of tech levels are not matching.

Junior Engineer : 1st year Analyst

Mid Level Engineer: 2nd year/ Sr Analyst

Senior Engineer : Associate

Then the tech career diverges, either further IC or into Management

Staff Engineer (which can be terminal)/ Tech Lead

Director of Engineering

VP of Engineering

Then onto C Suite (with the path being CTO)

I know you're a troll, but at least get some facts correct man.

I think the average high performer who gets into PE is likely to beat out the average high performer who is a SWE, sure. But people aren't averages, and there's so much variation that it's honestly not worth measuring. The early years are measurable, but the later years can have drastic changes.

Also junior engineers at large name tech companies are making $180-200k recently (FB and Amazon seem to be paying quite a bit). Someone I know got a $390 offer from Amazon with 3 years of experience (not a special ML PhD either, just undergrad from a decent UC).

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
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Dec 3, 2021 - 3:18am

Obviously a troll but not really fair to compare IB salaries and average SWE salaries. IB is the tip of the iceberg when it comes to entry level finance positions. What you should really be comparing is top SWE offers (Google, Facebook, etc.) with IB offers. Even big tech alone hires more new grads in one year than IB combined. 

Nowadays Google/Facebook regularly offer 200K-250K new grad TC, with some companies offering even more for new grad SWE. Whereas for IB, outside a few boutiques first year analyst comp doesn't break 200K, and you work way more hours. If you want to talk about career trajectory after 5-10 years its a different story, but looking at new grad offers alone its pretty clear cut who's better off.

Dec 3, 2021 - 5:10pm

I make $210k without a CS degree and only recently switched to this career. I learned to code 2 years ago.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
Dec 3, 2021 - 3:22am

People who are good in SWE and got into FAANG could literally work for thousands, if not tens of thousands of companies around the world. They could start their own stuff by freelancing or starting a start up, they actually have a tangible skill relative to the Investment banker, and their WLB is way better.

Dec 3, 2021 - 2:50pm

Depending on the group you're in, a banker gains many transferable skills, it's actually one of the top careers in terms of maintaining optionality. You can go to private equity, corpdev or corpfin, hedge fund, etc

Dec 5, 2021 - 2:15pm

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“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
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Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (22) $385
  • Associates (147) $240
  • 2nd Year Analyst (85) $153
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (296) $142
  • Intern/Summer Associate (64) $142
  • Intern/Summer Analyst (225) $90