Re:Ask HN: How do SMBs afford such expensive software engine...
by pcmoney on Sunday July 04, 2021 @11:40AM
(#27730487)
Be careful with averages.
Sure FAANG engineers can commonly make $200-600k. But the last equivalent tech co I worked at had 3 per 1,000 applicant acceptance rate (sure they probably also had a lot of people applying without a prayer) I wonder what the median is?
Also beware of survivor bias. At successful, public TechCos equity compensation typically grows over time due to the rise in stock price (if it doesnt the pay quickly becomes more average and/or the company goes bust) You can easily have an L4 engineer making L6/7 money because their start date and RSU pricing was lucky. Absolutely nothing to do with their skill…
Sure FAANG engineers can commonly make $200-600k. But the last equivalent tech co I worked at had 3 per 1,000 applicant acceptance rate (sure they probably also had a lot of people applying without a prayer) I wonder what the median is?
Also beware of survivor bias. At successful, public TechCos equity compensation typically grows over time due to the rise in stock price (if it doesnt the pay quickly becomes more average and/or the company goes bust) You can easily have an L4 engineer making L6/7 money because their start date and RSU pricing was lucky. Absolutely nothing to do with their skill…