So, there are also plenty of levels above level 5, and it is not uncommon to get there with 5-6 years of experience. If you are world-class famous in your area, you might be a level 9 engineer, even though your external title will still say "Software Engineer". If you are the top engineer on your team you might be a level 6 or 7. Each level is approximately a 30-40% raise on the previous level. So one thing that's happening is that Glassdoor just isn't reflecting the upper end of what you can make.
Another thing is the value of stock. Stock can vary a lot from person to person and company to company. Some companies will give you essentially zero stock. Some will give you stock that's worth a comparable amount to your base salary. More common is somewhere in the middle. Obviously the value varies depending on how the stock does while you're working there, but there are also various ways to get extra stock bonuses for different reasons. In particular you can get stock bonuses for high performance, and if you are being recruited for your particular expertise you might also get an extra-large stock offer.
As individuals, we look at the world through a microscope, so all personal experience is anecdotal. But these $400k+ earning SEs are a double-digit percent of the engineers I know with 6+ years of experience (N > 10).
It looks like GOOG is up about 120 points compared to this time last year. Is that $200k / year just from projected stock growth / dividends / etc? Do employees in this situation get issued $200k worth of stock every year? Or is it done via options? Is it a case of stocks vesting over time?
I find all this fascinating because it's so different from my experience. I work for a software company in the Philadelphia suburbs, and I have about 15 years of experience (all over the place - C#, Java, some C++, JS, etc.). When I compare myself to my local peers, I feel like I'm a pretty decent developer.
$200k+ / year total compensation seems absolutely massive to me, even factoring cost-of-living adjustments. Like in the realm of "too good to be true" or "results may vary". But now I'm wondering...
Well they would have to be, wouldn't they?
I have a lot of engineer friends in silicon valley making $220-280k, anecdotally
Say what? Not even Google starts people at a 235K salary. Total comp package sure (so starting bonus, bonus, RSU grants). In the last year or so, the new grads I'm friends with are averaging around ~150K a year starting base salary from the big companies in the bay.
Yes, that was my mistake. $235k is a total compensation.
Is this just people throwing around VC money pretending it will attract the best of the best?
This is in Boston, Seattle and Chicago, not SF.
A junior level making >200k?
Please elaborate.
it is, use https://www.levels.fyi/comp.html instead
So I've heard this before, but it never matches up with data that sites like Glassdoor provide. Like, right now, the listings for "senior software engineer" with 10-14 years of experience in SF seem to top out around $200k in salary + bonuses, and that's the extreme upper end. The average is under $160k
Is the Glassdoor data bad, or is this a case of the author's information merely being anecdotal? Or are we comparing apples to oranges - do such people get 1/3 to 1/2 of their total compensation in stock?