Re:Does It Make Sense for Programmers to Move to the Bay Area?
by nostrademons on Wednesday December 14, 2016 @07:59PM
(#13181361)
It's over 2 years. $20K or so after tax per year. A bit over $30K pre-tax.
Not sure what typical bonuses are these days, but I don't think that's out of line for a big tech company. Certainly stock grants can be much more than that, but it usually takes more than 18 months for them to amount to anything.
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by ryandrake on Wednesday December 14, 2016 @11:08PM
(#13182319)
Thanks for sharing numbers. Wow, that's an amazing bonus, and you should feel fortunate! This is coming from someone who does work for a big tech company. I've never seen anything remotely close to that.
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by user5994461 on Wednesday December 14, 2016 @08:20PM
(#13181486)
It's out of line for people who are not at big tech companies with publicly traded stock or bonus.
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by shawndumas on Wednesday December 14, 2016 @08:09PM
(#13181426)
not for the bay area; and really, that's the point...
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by linkregister on Thursday December 15, 2016 @12:27AM
(#13182656)
I will unequivocally state that a total comp of $150k+ for a new grad is at the very least, the top 5% of software development salaries for that level of experience.
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by shawndumas on Thursday December 15, 2016 @12:37PM
(#13186392)
was the op a new grad? sorry, I missed that. yes, $150k for a ncg in the first year is high. but honestly not that high, and for a 2nd year... doable from my experience [1].
[1: I am an engineering manager at Google]
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by linkregister on Thursday December 15, 2016 @06:44PM
(#13189810)
Yes, doable at Google, a company known for being at the top of the market in compensation.
The whole point of the original statement was "I made $X and saved $Y, it's not that hard." But when you examine the X and the Y, they are not representative at all!
It has similar merit to a lottery winner saying, "why can't you win the lottery too? All I did was buy a lottery ticket."
Re:Does It Make Sense for Programmers to Move to the Bay Area?
by ohwello on Thursday December 15, 2016 @11:52PM
(#13191165)
Google pays substantially more than that - matching that number does not put you at the top of the market. Companies paying that much include many of the largest tech employers in the area. Compensation for job switchers has been increasing rapidly since the no-poaching ring was busted, but you have to know to ask for it. Lots of people are anchored from that period and don't know what they are missing.
You must admit that $40k bonus after tax is a huge, atypical amount of money. It makes your effective yearly income to be about $156k.
It reminds me of the mrmoneymustache.com guy, saying "anyone can retire early! Just look at me, all I had to do was get $1M in stock from Cisco!"
No disrespect intended for you; I'm sure compared to some of your friends you lived frugally. The point I'm making is that to duplicate your living standard today, very few comparable developers would be able approach your level of savings.