YC asking for ways to improve the experience of working early at a startup ( https://news.ycombinator.com/item?id=17286939 … ) has a lot of people asking "Wait, are rumors of engineers at AppAmaGooFaceSoft predictably getting $400k packages true?" Yes. Yes, they absolutely are.
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This thread is very true, however I want to point out that the median pay at these companies is closer to $250k, and a large part of why it skews lower is that the average time spent working at any one of these companies is <2 years.
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The reasons they stay quiet are because 1/ as evidenced in these threads, people get jealous and angry, 2/ it doesn’t benefit them to have more competition, 3/ public knowledge about techie salaries would drive more negative attitudes
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There’s really no upside for an individual to voice this unless they are invested in tilting the labor market, which employers are. They also have to balance the market dynamics to not create more competition among themselves.
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Do you think this sustainable as employment growth slows? Will employees hired today have same progression as those hired 5 years ago? GlassDoor send to say entry comp is low six figures.
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Total compensation for a new grad is $150~200k. Glass door quotes salaries, not total compensation. Most of the quoted $400k figure is stock and may include some of the recent, ridiculous appreciation which shares at these companies have enjoyed.
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I see your point. I absolutely believe the ladder exists at the levels you cite. I think, as Jeff’s poll indicates, it’s a really small piece of a fairly big industry. One requires exceptional talent and circumstances to have just a view of the ladder
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Information Asymmetry is Bad Thing™
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