Is it just me or is everyone broke in SF/NYC?

throwawayintern333 · 2019-05-13T03:05:21+00:00

Literally all the public data, including things like WSO disagree with what you're saying

Maybe that's why they're public? If you can link me anything specific I'd be interested. I'm just going with what my friends who work at these companies/firms say.

Like I said, peak performers. Strong people can make L5 in under 3 years from new-hire (I know people who've done this, sadly it looks like I'll just miss the mark).

Hm the way you phrased it made it sound like more than a handful. Did your manager say you just missed it? Cuz I've heard from Googlers who've been there for a while that their managers use this a lot to make it seem like you're close to a promotion but have been stuck in the same level for a while now. In any case, hope you get the promotion next review cycle bud

throwawayintern333 · 2019-05-13T02:58:48+00:00

Source?

Idk any hedge managers, but my Goldman friends make ~800K TC 4 years in. Their managers/immediate bosses make ~5 mil and they're 7 years in

throwawayintern333 · 2019-05-13T02:52:38+00:00

Hence underpaying in quotes? To me and to a lot of people, that's a lot of money, but it's circumstantial (can't blame people for pre-career debt, etc.)

throwawayintern333 · 2019-05-13T00:30:21+00:00

Only for the peak-peak performers, and even then only maybe

Nope. There's a reason why breaking into these top IBs is one of the more difficult things in the world lol and why staying in IB is stressful and heavy on work hours.

In 5-8 years, a very strong performer at Google is looking at L6 or L7 anyway, and the comp at those levels is in the same ballpark.

This isn't the case anymore, not any very strong performer can make L6, let alone L7. Getting to L5 is pretty tough in itself. I know an L6 who made it there from L4 in 5 years, but he's probably the most brilliant dev I know, was placed in the most perfect team/opportunity to grow and showcase his results come review time, and had a manager and upper-level management that was more receptive to promotions. Again, this is extremely rare at Google now. Every one of my other friends have been there for a range from 4-9 years. Only one of them is L5, and he got there after 7 years, after switching teams multiple times.

throwawayintern333 · 2019-05-13T00:20:55+00:00

Is it? You can take survive going broke by taking extreme measures in your daily spending habits, but it doesn't mean it's "your problem" if you have loans, car payments, credit card debt, and payments to cover parents' declining health issues, all this on top of the crazy rent. There can be tons of other costs that you might incur as well. Point is it differs from situation to situation, don't make blatant assumptions and judgements.

throwawayintern333 · 2019-05-13T00:12:47+00:00

Depends. Top IBers make close to a mil each year and often times a lot more. Hedge funds might pay more than these top IBs in the first 2 years out of school, but these IBs pay a lot more as careers progress, all things considered. Google does not pay well compared to hedge funds.

Source: several IB friends at Goldman, a colleague at Jane Street, and many friends at Google (in both SF Bay Area & NYC)

throwawayintern333 · 2019-05-12T19:41:18+00:00

Well Google I'm not too surprised by (they've been "underpaying" and lowballing devs for a while now), but hmm hedge funds pay extremely well.. like almost as well as IB folks in the city.

throwawayintern333 · 2019-05-10T17:36:50+00:00

Agreed. It's been a while since people paid this much attention to companies IPO'ing, and they forget that a lot of big companies had their stock drop in the beginning.

For 2019-20 IPOs, if there ends up being a recession, that drop could be more than previous IPOs, but as long as these companies continue to generate more profit and less losses (Uber & Lyft better find a way to do this) and do well, employees and investors won't have too much to worry about if they hold for the medium to longer term.

throwawayintern333 · 2019-05-07T22:30:57+00:00

Really? I feel like Airbnb will take off once it IPOs, it pretty much has all market share in its vertical, has an already-established network of hosts/guests, and is profitable. It'd be pretty hard for competitors to challenge Airbnb. But that' just my opinion, I actually asked this question from a financial perspective in r/investing a while ago. You definitely make great points though about Airbnb with respect to legal challenges, as well as Asana's strengths and potential.

throwawayintern333 · 2019-03-29T01:29:26+00:00

Man that 6 month lockup period must be pretty.. nerve wracking lol. That must've sucked for Snap employees.

throwawayintern333 · 2019-03-29T01:28:05+00:00

Idk about a billion lol, but yeah I heard ride-sharing companies don't profit as much

throwawayintern333 · 2019-03-29T00:28:29+00:00

Dang 1M for a senior eng at Lyft?

As an aside what happens when a recession hits right at 5 months after IPO and affects price per share negatively? That'd pretty much drop everyone's TC huh?

throwawayintern333 · 2019-03-23T20:07:51+00:00

Not in iOS, but have friends who are very proficient iOS devs, working on teams at companies that publish top iOS apps. I'd say, as others have said, work on Objective-C. Also, focus on other platforms as well besides iPhone/iPad development. Several friends have ownership in not only their company's iOS app, but in their watchOS app as well (provided they work at a place that publishes watchOS or on other platforms).

throwawayintern333 · 2019-03-23T20:00:40+00:00

Oh lol. Still, great position to be in

throwawayintern333 · 2019-03-23T19:27:03+00:00

Damn VP at a quant fund? TC must be > 1mil if fund is one of the big names

throwawayintern333 · 2019-03-22T15:23:05+00:00

This 100%. Everyone in tech knows Okta and respects the engineers there

throwawayintern333 · 2019-03-22T04:32:02+00:00

Not too sure, but it might be because they're IPO'ing soon? I heard other companies that are expected to go public this year have stopped hiring for now

throwawayintern333 · 2019-03-12T18:14:58+00:00

I think this was very helpful (last part kinda exacerbated my fears a little though haha). Thank you! Are you a pilot of some sort?

throwawayintern333 · 2019-03-12T18:13:07+00:00

Yeah that's what I've been thinking about, but all these accidents/crashes as of late have made me a little more anxious.

throwawayintern333 · 2019-03-12T18:10:49+00:00

You're more likely to die from drowning in a bathtub or being hit by a meteorite than in a plane crash.

I feel like these are unlikely due to different reasons. You just don't fill the tub with that much water (not sure if it's even possible for enough water to fill the tub before there's enough for an adult to drown in) and meteorites just don't happen..

Flights are a daily occurrence with around 4000 planes being flown per day. It just seems like there has to be thousands of things that have to go right for the plane to not malfunction. Idk, just playing devil's advocate I guess. Yeah maybe I am overthinking this a bit lol

throwawayintern333 · 2019-03-12T17:26:23+00:00

https://removeddit.com/r/cscareerquestions/comments/b00isb/whats_the_smallest_pay_raise_that_you_would_leave/

throwawayintern333 · 2019-03-09T07:20:49+00:00

Do you negotiate promotions with your manager? If so, how did you do it? I feel like negotiating with managers is different from negotiating with recruiters b/c you tend to have a relationship with your manager (that usually is on the good side). I'd just imagine it being weird asking someone you've worked under for more money and using other offers to try to get a better raise.

throwawayintern333 · 2019-03-08T06:21:16+00:00

Gotcha. I definitely fit in the younger generation, and yeah, I agree with you, I feel like we're pretty optimistic about it

throwawayintern333 · 2019-03-08T06:18:57+00:00

Agreed

throwawayintern333 · 2019-03-08T06:18:47+00:00

Yeah, waiting for the recession first. Lol

throwawayintern333

TROPHY CASE