News for hackers. Stuff that matters.
Re:Leaked Amazon memo warns the company is running out of pe... by ActorNightly on Friday June 17, 2022 @04:17PM (#31783716)
In what world is a $150k out of college starting salary low?
Re:Leaked Amazon memo warns the company is running out of pe... by kache_ on Friday June 17, 2022 @04:20PM (#31783756)
In a world where you can get 250
Re:Leaked Amazon memo warns the company is running out of pe... by colinmhayes on Friday June 17, 2022 @05:56PM (#31784914)
No one is paying $250k salary out of college. Every one of those jobs has similar salary to amazon with the rest in stock. Maybe high frequency traders will give you that cash, but no one else.
Re:Leaked Amazon memo warns the company is running out of pe... by hikingsimulator on Saturday June 18, 2022 @02:36AM (#31787689)
It's not unheard of, but usually you need a PhD is a hot field with several conference papers. But it does not seem the norm yet.

However, anecdotes make up hopes.

Re:Leaked Amazon memo warns the company is running out of pe... by mrep on Saturday June 18, 2022 @02:30PM (#31792465)
That's just a bachelors with 6 YOE (masters + phd). I have a bachelors with 6 years of actual experience and my target comp is 250k and actual is like 350k but in the meantime I've made a million dollars pre-tax in those 6 years. Totally different.
Re:Leaked Amazon memo warns the company is running out of pe... by kache_ on Sunday June 19, 2022 @07:53PM (#31804716)
are you sure about that?
Re:Leaked Amazon memo warns the company is running out of pe... by peanuty1 on Friday June 17, 2022 @04:36PM (#31783980)
I think their new grad salary is around 120k in HCOL areas like SF.
Re:Leaked Amazon memo warns the company is running out of pe... by cebert on Friday June 17, 2022 @05:34PM (#31784649)
That sounds low to me
Re:Leaked Amazon memo warns the company is running out of pe... by ActorNightly on Friday June 17, 2022 @08:40PM (#31786273)
When you make an argument for companies paying that much, you are essentially saying "FAANG companies with lots of cash reserves should overpay new hires in the goal to attract as many of them as possible in hopes that a few of them make something profitable and offset the cost"

While a viable business strategy, from a personal value perspective, if you are an average CS college grad, you are by far not going contribute even close to $150k/year worth of value - you are going to do some menial basic code modifications.

So by all means, while you can go and take advantage of the inflated salaries to maximize your own profit as much as you can, but you cannot claim that $150k starting salary is too low.

Re:Leaked Amazon memo warns the company is running out of pe... by hyperdimension on Monday June 20, 2022 @09:07PM (#31818492)
Considering the origins of these tech giants, I read your first paragraph and couldn't help but think, "meta-VC"
Re:Leaked Amazon memo warns the company is running out of pe... by dasil003 on Friday June 17, 2022 @06:31PM (#31785283)
salary not total comp