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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Replying to @danluu @codinghorror and
It doesn't leave Google, either. http://www.payscale.com/research/US/Employer=Google,_Inc./Salary …
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Replying to @DrPizza @codinghorror and
That ignores stock, the largest component of compensation. That's like removing salary for lawyers!
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Total comp for an ok (not amazing) "senior" offer today (4-N years exp.) is $300k. Glassdoor shows $266k, but that's low per @rkoutnik
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On the exception side, my 1st team at MS offered a new grad $250k total comp; he had similar offers from FB, Google, and Apple.
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*exceptional. He left 1.5 years later for numbers in the range we're talking about here and turned down a significantly higher counter-offer
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