...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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Equity isn't quite like other comp though, as it's rather variable. In a bull market, its superb...but Winter Is Coming (someday)!
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Replying to @TheKanter @danluu and
for a public company (i.e. the ones we're discussing) it's still pretty reliable (won't go to zero).
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It's less risky to get cash instead of stock, but law seems at least as risky as an industry at high-end firms. That's very subjective, but
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over the past 10 years structural changes have caused layoffs and a reduction in necessary warm bodies at high-end firms; no end in sight
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We might be (probably are?) in a tech bubble, but it doesn't seem like there's a structural change that will cause problems on the horizon?
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