Techies pulling 1mm+

bigmoney19's picture
Rank: Monkey | 44

Thoughts?

''Director @fb posted once into a compensation group asking why his witholding went from 25% to 39.6%. When people told him that happened when your earnings surpass 1M, the post was immediately deleted. It was quite funny.

This wasn't even at the end of the year.'' -Facebook Employee

''Directors are definitely clearing a mil here'' -Facebook Employee

''director: 750k - 1M
senior director: 1M - 1.5M'' -Google Employee

''$1M+ TC'' -Apple Employee

Article

Comments (37)

Mar 23, 2019

You can copy paste the text for the link

Mar 23, 2019

fixed

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Most Helpful
Mar 23, 2019

It's hard to find great engineers capable of managing teams as well. You need serious tactical skills that need to be constantly refreshed.

Mar 23, 2019

How much cash do you have in the bank bud?

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Mar 23, 2019

Hahahaah your going to get banned again

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Mar 23, 2019

Does sales also count? Some of the sales execs in silicon valley are raking in mid-to-high 7 figure comps.

Obviously a very stressful position, but they making good money.

Mar 23, 2019

From what I understand it is possible if your a superstar (obviously) but from what I read tech roles are the more prestigious positions and are paid a premium as apposed business roles. There was an article about google paying someone on the ads team multi million's of equity to get him to stay (he was a Stanford MBA), but I can't find that article.

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Mar 23, 2019

Core functions just get paid a lot more than non-core functions in top tech companies.. so ICs at all levels, managers, directors and VPs of product, engineering, design and data science are getting consistently comped at almost 1.5-2x or more than non-core employees sometimes.

Sales is different because of the commission component - regular comp (base/bonus/vesting stock) is at a discount to core functions just as any of the other business roles.

Mar 28, 2019

Finance bros -- Ya'll mad?

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Mar 29, 2019

I'd rather be a badass finance brah making no money than a tech nerd making a lot of money. The ladies don't like tech nerds, they like bad boys.

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Apr 2, 2019

Lol stfu

Mar 28, 2019

Finance is a shit deal, the competition is way higher, hours are higher, way less opportunities, more credentialism, more traditional

Mar 28, 2019

Finance is also more simple, but I mean if you can get into Cornell I think you can learn how to program

Mar 31, 2019
mike78787:

Finance is a shit deal, the competition is way higher, hours are higher, way less opportunities, more credentialism, more traditional

Yeah, but you don't have to live in greater San Francisco to excel in finance. I'm not sure what I'd have to get paid to live in such garbage town.

Apr 3, 2019
real_Skankhunt42:
mike78787:

Finance is a shit deal, the competition is way higher, hours are higher, way less opportunities, more credentialism, more traditional

Yeah, but you don't have to live in greater San Francisco to excel in finance. I'm not sure what I'd have to get paid to live in such garbage town.

https://venturebeat.com/2018/12/17/google-announce...

Mar 28, 2019

News Flash; money can be made in fields outside of finance!?

Mar 28, 2019

my thoughts?

who

fucking

cares

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Funniest
Mar 28, 2019

The person who took enough time out of his day to respond to a forum post about a subject he claims to not care about. That is who.

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Mar 28, 2019

I know some tech guys who work for DC area companies that do alot of federal consulting, that clear 2mil a year. These guys are all mid 30s' and have 10+ experience. They also know how to play the political roulette that is DC federal contracting.

Ty

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Apr 2, 2019

False, nobody in DC makes anywhere near that much.

Mar 28, 2019

Good for them I suppose.

A few one-off anecdotes don't really set the trend for the entire industry but if they're making that it isn't like its a zero sum game and it takes away from me in any way...

Mar 28, 2019

My point wasn't to set a "trend" for any industry. It is obvious to most individuals that almost no tech workers, make anywhere near 1mil, unless they are owners of some sort, and in which case you might as well call them businessmen instead of techies anyways.

In general most people aren't going to be making 7 figures anytime soon.

Ty

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Mar 28, 2019

Take a look https://www.teamblind.com for more on tech comp, particularly FAANG comp.

Lots of engineers are getting paid right now.

Mar 29, 2019

I only see half literate engineers speculating about post-ipo stock behavior without even knowing the fucking lock-out period on their own company's stock...

I'd argue MAYBE a couple dozen legacy employees become millionaires overnight... will be surprised if any retain that status post-lock.

Mar 29, 2019

youre delusional

Mar 31, 2019
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Apr 3, 2019