Re:Tech elites leaving San Francisco threaten Silicon Valley...
by joshuamorton on Wednesday December 09, 2020 @03:42AM
(#25356605)
> Who is offering new grads $150k regularly?
Google, Amazon (and subsidiaries like Twitch), Microsoft (and subsidiaries like Github), Facebook, Linkedin, Stripe, Square, Lyft, Uber, Snap, Oracle, Apple, Dropbox, Box, Nvidia, Twitter, Slack, Salesforce, ByteDance and a slew of others. And I'm including only companies that pay out 150K in cash equivalents (cash + annual bonus + liquid stock) in that list.
After a promotion, that list probably doubles in size.
> What new grad making $150k is going to qualify for a loan on a million dollar house?
I don't think I ever suggested this. What I did suggest is that someone who graduates at 22 or 23 (and, with the big caveat that they do so with little to no existing debt), gets a 150K starting comp, and has even a modest amount of career growth will be able to save a whole bunch of money in their late twenties.
> A SWE in their 20s banking $100k a year? Must be nice.
Google, Amazon (and subsidiaries like Twitch), Microsoft (and subsidiaries like Github), Facebook, Linkedin, Stripe, Square, Lyft, Uber, Snap, Oracle, Apple, Dropbox, Box, Nvidia, Twitter, Slack, Salesforce, ByteDance and a slew of others. And I'm including only companies that pay out 150K in cash equivalents (cash + annual bonus + liquid stock) in that list.
After a promotion, that list probably doubles in size.
> What new grad making $150k is going to qualify for a loan on a million dollar house?
I don't think I ever suggested this. What I did suggest is that someone who graduates at 22 or 23 (and, with the big caveat that they do so with little to no existing debt), gets a 150K starting comp, and has even a modest amount of career growth will be able to save a whole bunch of money in their late twenties.
> A SWE in their 20s banking $100k a year? Must be nice.
Like I said, its absolutely ridiculous.