Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by Cookingboy on Wednesday October 16, 2019 @07:55PM
(#21277463)
>fuzzy-numbered stock options
We aren't talking about stock options, we are talking about concrete RSUs with real valuations.
A Staff Engineer at Google can easily be vesting $200k in stocks alone each year.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by user5994461 on Wednesday October 16, 2019 @08:37PM
(#21277776)
Staff is even one level above senior.
It's true that they make a lot of money, so do the owner of a SME or a director in a large organization. It's not a position most employees will ever attain in their lifetime.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by novok on Wednesday October 16, 2019 @09:01PM
(#21277943)
Directors are equivalent to staff +1 or staff +2. Staff engineers are usually equivalent to 2nd level middle managers, with 1st level are managers of teams that are just ICs). Jr Engineers can be 30-50% of an engineering organization. So it's not that impossible.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by 9nGQluzmnq3M on Wednesday October 16, 2019 @09:30PM
(#21278120)
Director (L8) is two levels above staff engineer (L6) in Google. But promotions get exponentially more difficult after L5, particularly if you intend to stay as an IC.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by user5994461 on Thursday October 17, 2019 @01:44PM
(#21284498)
I meant director as a general title in corporations, not google specifically.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by chris11 on Wednesday October 16, 2019 @08:21PM
(#21277661)
> fuzzy-numbered stock options
That's true for non-public companies, but stock options at a publicly traded company like Google or Apple are much easier to value.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by uwuhn on Wednesday October 16, 2019 @08:03PM
(#21277541)
RSUs are easily going to be half or more, unless large bonuses are involved (which does happen). Keep in mind RSUs aren't options.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by vonmoltke on Wednesday October 16, 2019 @08:18PM
(#21277650)
I wouldn't say "easily". The shit offer I got from Google past year was about 60% base salary. The non-shit offer I took from Twitter is about 55% base.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by Google234 on Wednesday October 16, 2019 @09:04PM
(#21277964)
Why didn't you use the good offer from Twitter to push Google up?
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by vonmoltke on Wednesday October 16, 2019 @09:50PM
(#21278236)
Well, the good offer came a couple months after I rejected the Google offer, and it was for one level higher (which I didn't think Google was going to budge on).
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by scarejunba on Wednesday October 16, 2019 @08:46PM
(#21277844)
Stock options are distinct from units. They have a clear value, current market value, discounted by your fear of the future.
In NYC a senior dev makes that much or more in finance, and in a startup probably closer to 140-160 with bonus and fuzzy-numbered stock options. I don't count my stock options ("units") as anything worth anything at this point, not because I'm cynical but because there's no clear valuation.
All things considered I'm suddenly feeling underpaid - I know many quite senior folks barely breaking that.