This is too long for twitter, but you can see this by looking at the % of people who land jobs at top law firms and then looking at their...
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salary schedules wrt experience, which tend to be fixed even for Nth year associates. Then look at their attrition (high due to up-or-out)
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then compare to the percentage of people who land jobs at software companies that pay competitively (Google, FB, Amazon, etc.) and...
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...compare attrition rates, keeping in mind that people who lose the up-or-out system at law firms typically move to less lucrative roles...
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...whereas a lot of attrition in engineering roles is people moving into more lucrative roles.
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For reference, here's the salary schedule and bonus schedule for Cravath from last year: https://danluu.com/bimodal-compensation/ …pic.twitter.com/Ahh8xYB1hE
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It looks like you'd need 4 years at a place like Cravath, Skadden, etc., to hit $300k/yr. It's hard to get precise numbers for tech, but...
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I believe people have much better odds of getting or landing a $300k job at Google/FB/Amazon than surviving 4 years at Cravath/Skadden/etc
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Replying to @danluu @codinghorror and1 reply 0 retweets 0 likes
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Replying to @DrPizza @codinghorror and
Yeah, MS pay is not competitive unless you get an offer match from a company that pays much better. But that still leaves G/FB/Amazon
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But, G/FB/Amazon together must be something like 75k engineers. Not sure how competitive Apple is on avg, but they can also pay well.
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Anecdotally, I've seen salaries slightly lower than market but higher RSUs
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