Re:Ask HN: Ex-FAANG developers, where are you now and why?
by tinktank on Thursday October 11, 2018 @11:16AM
(#18194174)
What's the net worth of an L6 for 8 years at Google?
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Re:Ask HN: Ex-FAANG developers, where are you now and why?
by exhaze on Thursday October 11, 2018 @12:17PM
(#18194763)
Other estimates in the thread (and Glassdoor) for annual TC are way off. L6 at G is a big range - 350-700k. Hard to say how much the guy made, because it depends on how much stock he kept vs. sold throughout the years, so I'll do a range. Let's assume he worked from 2010-2018:
Average TC: $450k - $850k
Post-tax: $270k - $470k
Annual expenses: $60k - $120k
Savings: $1.2m - $3.3m
Obviously this is a gross simplification, since it ignores other investments and makes pretty broad assumptions about their expenses, but it should give you the broad strokes.
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by oblio on Thursday October 11, 2018 @11:47AM
(#18194476)
Since from what I hear a fresh grad in the Bay Area gets $100k+ just in cash, we could extrapolate. I'm guessing that's at least $150k (probably more like $200k+ in today's market) in total compensation for year. Add about $20k+ in cash and probably the close to the same in Google shares per level, that would make it easily $400k per year. So he would have gotten $3.2 million, I can't imagine his expenses being higher than half of that, so he should be worth $1.6 million after 8 years. Probably more.
I'm curious how off my estimations are :)
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by mywittyname on Thursday October 11, 2018 @12:36PM
(#18194927)
Also, if he was in Mountain View, it's likely that he owned a home and that contributed a bit.
The tech sector stock growth has been amazing/unprecedented over that time period. His first few years of stock grants have tripled or more in value.
I'm betting it's something like $2.6mm. $1.5mm in saved income, $0.8 in stock appreciation on savings, and $0.3 in housing/misc.
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by rpcastagna on Thursday October 11, 2018 @07:39PM
(#18197928)
You're so low it's actually kind of uncomfortable.
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by oblio on Friday October 12, 2018 @12:35AM
(#18199241)
thausamiote thinks Iām at the other end of the spectrum because I forgot taxes :o)
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by thaumasiotes on Thursday October 11, 2018 @05:02PM
(#18197008)
...are you assuming a 0% tax rate?
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by romed on Thursday October 11, 2018 @11:46AM
(#18194462)
I'm pretty sure glassdoor is a conspiracy by FAANG executives to confuse their employees. If you believe these numbers you will not be able to get what you deserve when negotiating comp at these companies.
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by Zaheer on Thursday October 11, 2018 @12:04PM
(#18194650)
I helped make https://www.Levels.fyi - a lot of folks reference our site as being the most accurate for FANG compensation. I would also check PayScale, Paysa, Blind, etc
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by romed on Thursday October 11, 2018 @12:07PM
(#18194678)
Very nice. Your numbers are consistent with my experience, and the presentation is very useful.
Re:Ask HN: Ex-FAANG developers, where are you now and why?
by madeuptempacct on Thursday October 11, 2018 @11:48AM
(#18194487)
I have never had Glassdoor give a useful estimate of any job I had, including those at major companies.