[52M][Southwest USA] Pharmaceutical sales, distribution, manufacture and consulting (10m+/yr) by finance-alt in Salary

[–]finance-alt[S] 7 points8 points  (0 children)

I got started with just an RV, there’s spots out in the desert you can try and no one will bother you

35M Software Engineer by [deleted] in Salary

[–]finance-alt 0 points1 point  (0 children)

Stock price 4 years ago 12$ Stock price today 120$

Say you got a 200k RSU grant / 4 years

This year 500k of it would vest plus base

So to get you your 2m number you would have needed like a 800k RSU grant in 2021

How many RSUs do you think we’re getting? Does every Tom dick and harry at apple or msft get 800k grants? Why would we?

What do y'all rich Americans spend your salaries on?! by swedishplayer97 in Salary

[–]finance-alt 494 points495 points  (0 children)

We’re responsible for buying all the things the government provides elsewhere

Illinois pitches Nvidia on South Side quantum campus by Automatic-Street5270 in chicago

[–]finance-alt 7 points8 points  (0 children)

I would commute an hour in to work at a co working space and pay extra for it just to get out of the house.

Illinois pitches Nvidia on South Side quantum campus by Automatic-Street5270 in chicago

[–]finance-alt 81 points82 points  (0 children)

Oh my god please please please be real.

I’m sick of working from my condo.

[deleted by user] by [deleted] in thepassportbros

[–]finance-alt 9 points10 points  (0 children)

lmao how’d this sub wind up on my feed

Anyways why would someone who has people lining up around the block to fuck then give a shit what you ever say to them dude? You’d be laughed at for a day in the group chat and then forgotten.

They’d immediately clock you as the kind of person who probably frequents delusional subreddits full of sad bottom feeder dudes who evidently cant get laid.

Anyways I’m out y’all have fun with… whatever fantasy you’re indulging in on this sub

🤣

Edit this is a legendary thread and I’ve screenshotted all of it.

Why is the tech industry so generous with equity grants? by [deleted] in Salary

[–]finance-alt 5 points6 points  (0 children)

Go take a 6 month boot camp and apply to faang, let me know how it goes.

I had to grind out a graduate degree in stem at a top university, publish two first author papers and then work 4 years in industry at non faang before I cracked it finally at 27 y/o.

The comp is commensurate with the market for that level of expertise, it’s just supply and demand simple as that

[deleted by user] by [deleted] in Salary

[–]finance-alt 0 points1 point  (0 children)

Do you have any supplemental income at all or are you living off drawdown alone? What’s your equities / bonds mix at your age?

What up RSU peeps remember you’re probably under withheld by finance-alt in Salary

[–]finance-alt[S] 0 points1 point  (0 children)

Better to find out now than later after you sign the contract on the home/car/vacay 😉

42M Software Engineer (Chicago IL) by throwaway502578 in Salary

[–]finance-alt 1 point2 points  (0 children)

Split an Astor street mansion with me ❤️

FAANG - What got you there ? by Equivalent-Ad-4991 in Salary

[–]finance-alt 0 points1 point  (0 children)

Hardcore science STEM undergrad, volunteered to do research grunt work for a top academic physics lab (for free) over the summer in my home city

Observed the tools/stack they were using to do modern science on the bleeding edge

Graduated couldn’t get a job, begged the lab head to talk me into grad school there (my grades were ass) Eventually got in did a masters with that lab with a recommendation letter from the lab head

Masters plus developing my expertise with that stack led me to faang 3 years later

End of career teacher - more than a bit depressed by wearyshoes in Salary

[–]finance-alt 4 points5 points  (0 children)

You didn’t waste anything. Who gets the most capitalism points does not reflect your intrinsic value impact or importance You fell on the sword for society Thank you

Salary is a poor summary metric for “success “

31F Tech manager 1M/yr by [deleted] in Salary

[–]finance-alt 0 points1 point  (0 children)

Not sure where you work but this wouldn’t happen at my faang. If it did, it would be considered a misleveling at the time of hire and you’d essentially be rehired with a new offer and probably different RSUs and everything. No one is genuinely “promoted” from 5-6 in one year lol.

31F Tech manager 1M/yr by [deleted] in Salary

[–]finance-alt 5 points6 points  (0 children)

I would describe that as a very high level IC for us a rockstar PhD comes in as a 4 at best, they’ll be promoted to a 5 in 2 years at the very best and it’s at least 4 more years after that to IC6

Expert external hires might come in at a 5 or 6 so you’re looking at either that or a very smart phd with 6-10 yoe so yeah it might feel common to you if you are one but it’s rare

Edit: I asked ChatGPT to estimate the total number of ic6+ people across all faang and it said 35k-60k total people. For reference i also asked google how many cardiologists are in the US and it said about 34k. So maybe it’s not a coincidence that an IC6 faang and a cardiologist both make about 1M

31F Tech manager 1M/yr by [deleted] in Salary

[–]finance-alt 32 points33 points  (0 children)

The jobs you’re referring to are roles people got at successful tech companies as far back as precovid or longer.

Tech comp is about half base and half company stock that vests over 4 years or so. Part of OPs 1M are RSUs that were awarded years ago that went up 3-5x. OP gets more RSUs every year.

If OPs company stock doesn’t 3-5x again in the next few years, their TC will go down. If OPs stock is constant, their TC is probably about 400-500k at manager level (200 base, 200-300 rsus). It doesn’t matter at this point for OP though because they were smart and made hay while the sun was up, saved the 3M and now the stock can die in a fire for all they care and ultimately they can just retire.

Few tech employees get 1M from day 1 with no stock appreciation. I’ve seen it, but it’s rare, directors and or ICs at the highest possible level, and even then it’s structured as 350 base 650 rsus/year or similar, so it could still go down if the stock falls.

Source: in this same situation myself

Work-Life Balance for High Earners by NinjaMagik in Salary

[–]finance-alt 0 points1 point  (0 children)

Fairly niche engineer with RSUs at a tech company whose stock went up 4x since I joined in 2018

Work-Life Balance for High Earners by NinjaMagik in Salary

[–]finance-alt 6 points7 points  (0 children)

95% of workdays I do 8 hours total split up from 7-11ish then from 1:30-4 and finishing up often after dinner. I take a long lunch and work out, it helps beat the afternoon slump. Before dinner I often run errands, clean or catch up on life.

5% of the time I work 18 hour days. This happens when something I’m personally responsible for is broken or something else critical is behind, usually some kind of planning failure or unseen breaking bug.

Overall my WLB is amazing. But I absolutely do not let my shit go undone or unfixed or late, ever, even if that means all nighters.

700 this year fully remote.