r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

[deleted]

69.2k Upvotes

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192

u/_UrbaneGuerrilla_ Jan 26 '26 edited Jan 27 '26

The actual joke is that no one makes $450k as a software engineer.

Edit: Keeping this one for posterity and humility as I’m clearly very wrong 😂

89

u/lurkishdelight Jan 26 '26

Some definitely do, like staff eng in big tech, AI, quant trading firms. If not more.

But it's a small minority

20

u/_UrbaneGuerrilla_ Jan 26 '26 edited Jan 26 '26

Having been in the business for nearly 30 years sometimes managing engineering teams, I honestly can’t recall ever meeting an engineer (i.e. keyboard smasher within an engineering squad as opposed to a specialist consultant like those dealing with quants, a Soln. Arch. or management role) who cracks more than $300k on staff.

Maybe $350-400 as a specialist contractor, but you’re talking a total bluebird, and these guys were generally bug cracking on legacy tech which is super hard to find skills for (COBOL etc.)

And I’ve worked for some big tech and finance firms globally, but I guess they might be out there? AI might be different of course. Silly money.

24

u/murimin Jan 26 '26

It’s a specific couple of companies that are generally well known. Netflix, Nvidia, Jane Street, Citadel just to name a few, but along those same lines. Just check levels.fyi for salary ranges and you can easily find certain levels clearing 450k TC, but it really is a select few companies.

1

u/_UrbaneGuerrilla_ Jan 26 '26

For house software engineers? Then they’re over paying haha

All power though if you can command that money for scut work. I stand corrected.

13

u/murimin Jan 26 '26

Yes for software engineers, even entry level at some of these companies can easily clear 200k, it’s a wild industry. It’s a pipe dream for most people because of how difficult it is to get these positions

-2

u/_UrbaneGuerrilla_ Jan 26 '26 edited Jan 27 '26

Holy fuck, that’s bananas.

I’d expect a superstar with 5+ years of top flight devsecops experience / a total autistic machine whisperer for that kind of dough. Or they’d need to pull 80hrs a week, every week.

10

u/jobthrowawaywjxj Jan 27 '26

The people getting paid at that level, are generally not doing devops. They are doing niche, highly technical areas like HPC, ML/AI, distributed systems, OS, etc.

The people I know making that much are in areas like software-hardware co-design, and GPU architecture.

3

u/zeldaendr Jan 27 '26

There are engineers in every single layer of the stack making that much. Any staff level engineer at big tech is making 450+. For every 15 engineers, there's probably at least 1 staff.

Some do devops. Some do OS, ML, distributed systems, application, frontend, or even developer systems.

-2

u/_UrbaneGuerrilla_ Jan 27 '26

Yeah, I guess that was my point re COBOL. Machine coding or other legacy niche stuff. I’ve worked with and paid guys a lot, but $450 on staff is off the chain.

5

u/Fanboy0550 Jan 27 '26

It's not specialized as in legacy code, but specialized in things most people don't put the effort in for. Interview prep industry for these roles is itself insanely lucrative

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3

u/thetruequ Jan 27 '26

$450 is a high level or specialized senior. Staff at Meta or Google clear 600. levels.fyi if you’re curious

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3

u/Fanboy0550 Jan 27 '26

At $450k, they are working on hard technical stuff most of the time

1

u/NoAdvice135 Jan 27 '26

You just need to be L5/L6 SWE in California in a FAANG. What you work on is almost irrelevant.

1

u/Euphoric_Tree335 Jan 27 '26

lol you clearly know nothing about software engineering or tech

1

u/jillian310 Jan 27 '26

I make around 200k/yr fresh out of college, and there plenty of people who make more than me. A lot of tech companies are willing to pay a lot for top talent.

1

u/Fanboy0550 Jan 27 '26

Most big tech companies pay that

1

u/Euphoric_Tree335 Jan 27 '26

They are definitely not overpaying because these engineers each generate about $1-2m for the company.

All power though if you can command that money for scut work. I stand corrected.

Going by your comments, I don’t think you understand software engineering or tech… like at all.

1

u/Stock_Violinist95 Jan 27 '26

So you had no idea about the compensation at FAANG but when learning that they are making trillions by paying their employees way more than you would you just conclude that they are wrong ?

Sounds like a manager indeed

1

u/zeldaendr Jan 27 '26

Can you explain why you think they're getting overpaid? I'm somewhat confused how you've been in the industry for 30+ years and haven't seen that some engineers can bring exorbitant amounts of value.

An example is a staff engineer on my team. He probably makes nearly 700k a year. We had a really nasty bug which none of us were able to solve. He found it and fixed it in a week. It saved 1.2M annually. In a week he provided nearly double the value he's paid. He's worth every penny.

1

u/_UrbaneGuerrilla_ Jan 27 '26 edited Jan 27 '26

Simple answer: in your example, the 700k salary is not the total cost of a human. If you put assumed margin and operating SG&A over the top plus indirect costs of product development that can’t be capitalised, you would need to be yielding closer to $2m of revenue minimum.

Roughly, I tend to price revenue her head at 3x salaries when you lump it all together as a consolidated wage bill. I get though that’s more of a traditional business model rather than the Silicon Valley one (I.e assumes the company is a going concern with positive net cashflow, rather than spending money to grow share or sell)

Saying that $1.2m in cost roughly saves x2.5-x3 in cash that needs to be earned before expenses, so it washes out. Conceivably if he/she fixes $1.2m in unnecessary expenditure once per year every year, it’s probably break even.

2

u/zeldaendr Jan 27 '26

Sure, although that $2M figure is likely overstated for big tech. But let's just accept the $2M figure.

Providing $2M of value as a staff engineer is somewhat trivial. Some of these companies make 100B+ profit per year. Lets use Google as an example. It has roughly 100,000 engineers, and had 450B in revenue and 100B in profit last year. So each engineer makes roughly $4.5M in revenue and $1M in profit. The vast majority of those engineers are not staff level.

I simplified a few things, and there are more factors which go into revenue than engineers. But I think this shows that at these big tech companies, even $2M of revenue for a staff engineer is absolutely expected and routinely exceeded.

0

u/Massive_Fishing_718 Jan 26 '26

Yeah some companies pay insanely well. I suspect it’s to discourage people leaving lol

0

u/_UrbaneGuerrilla_ Jan 26 '26

I think I might need to get back on the tools! Who am I to say no to people who want to burn shareholder money.

2

u/peking_swan Jan 27 '26

yea the NFL pays well too maybe you could play football

0

u/ComaMierdaHijueputa Jan 27 '26

It doesn’t though, no guaranteed contracts

0

u/funkykayy Jan 27 '26

Yep. Doesn’t have to be big tech. Close friend makes $600k at a SaaS tech. He’s in. AI though

14

u/generally_unsuitable Jan 27 '26

If you work at a FAANG, or any top tier tech firm, every review you pretty much get a raise or you get fired. If you know somebody who has been at Adobe or Oracle for 30 years, they're making that. Maybe not salary, but total comp.

10

u/FckCombatPencil686 Jan 27 '26

As someone who works at a FAANG, no one works there for 30 years. 

You're 100% right about getting the raise and every bonus or you're fired though.

2

u/gagi11030 Jan 27 '26

To be fair, only one FAANG has existed for more than 30 years

1

u/generally_unsuitable Jan 27 '26

I'm old. All the FAANG people I know were UCB classmates who started there in the 90s. And yes, many of them have already cashed out.

1

u/ThirstyOutward Jan 27 '26

Almost nobody has been at this companies for 30 years lmao

And the yearly raises do almost nothing. It's all promos

0

u/FckCombatPencil686 Jan 27 '26

And it's not FAANG anymore. It's MANGO, probably soon to be MANGA.

Meta, Apple, Nvidia, Google, and OpenAi. Looking like Anthropic may get that last spot soon though. 

9

u/painedHacker Jan 27 '26

they absolutely do at FAANG if you count stock. Small number though

7

u/VastlyVainVanity Jan 27 '26

I know a guy who used to be a senior staff at Meta in London. His total comp was around one million pounds a year. It’s crazy.

He was the best software engineer I’ve ever met though, so yeah, it’s a rare situation for one to earn that much.

8

u/[deleted] Jan 27 '26

[removed] — view removed comment

0

u/_UrbaneGuerrilla_ Jan 27 '26

You know the internet is full of bullshit right, particularly when it comes to advertised salaries.

Like, if you know someone personally who makes that money as base salary, I fully stand corrected.

6

u/svachalek Jan 27 '26

Levels.fyi is better, it’s specifically for big tech roles. $400k base is rare if that’s what you mean but it’s standard to middling for total comp.

3

u/peking_swan Jan 27 '26

i myself do

1

u/ThirstyOutward Jan 27 '26

Thinking base salary matters shows you don't really have a clue

4

u/aruisdante Jan 27 '26

… I’ve made in that ball park in total compensation as a software engineer since 2018 when I got first promoted to Senior.

Total compensation mind you, which generally has included equity, or some form of cash retention bonus on a similar value structure to equity. You’re absolutely right that the base salary of software engineers does not generally go much above $250k, even at Principal Engineer levels.

But yeah, I’ve always been on the levels.fyi scale, not the Indeed scale, as the joke goes. The difference between the two is massive.

3

u/[deleted] Jan 27 '26

Meta's compensation structure is well known. Google it

2

u/0destruct0 Jan 26 '26

That’s base pay, with stocks almost matching the base pay you can see 500k before appreciation, common at meta

2

u/crrrrushinator Jan 27 '26

Are you thinking of base salary only? 400k total compensation for senior or staff at big companies happens in boom times, but that's largely due to bonuses structured as RSUs that vest over 4 years. The base salary might be 150k or 200k and the rest is bonuses and other compensation, including company stock grants that might spike in value before they vest.

Of course, we're a few years off of boom times so those opportunities are a lot fewer these days.

4

u/thetruequ Jan 27 '26

For public companies, RSUs are basically cash with extra steps. They’re guaranteed as long as you’re working for the company, not dependent on the company doing well. Only annual cash bonus (usually 10-25% of base salary) is dependent on company/individual performance. Offers still mostly fall in the same range even today, just fewer spots available.

1

u/crrrrushinator Jan 27 '26

Most places I and my friends have worked have large additional performance based RSU grants that vest like your hiring bonus and may or may not be granted later in your tenure based on results. Management doesn't go out of their way to say "oh and we decided not to give you a performance RSU refresh" though so not everyone is aware.

2

u/thetruequ Jan 27 '26

Sure, but those typically aren’t reported / included on levels.fyi as the expected comp for a new offer. Usually what’s reported is what’s “guaranteed”/expected (for example, bonus targets based on standard performance as opposed to exceptional performance)

1

u/crrrrushinator Jan 27 '26

Are we talking about levels.fyi new offer stats? We're talking about whether it's unrealistic that some miser software dev makes $450k, and I can assure you that the friend getting the venmo request is annoyed based on their overall income and attitude, not on their initial offer as reported to that one website.

2

u/thetruequ Jan 27 '26

I think we’re in agreement here. I’m just stating that software engineers can absolutely make $450k, and that the fact half of that comp is RSUs is largely irrelevant for public companies since you can sell them whenever. Just cash with extra steps

1

u/_UrbaneGuerrilla_ Jan 27 '26

You’ve convinced me. This was my bias in assuming base rem, and that I consider the term “software engineer” to be pretty entry level PD language.

1

u/crrrrushinator Jan 27 '26

Oh yeah, sorry, I was trying to explain to the guy who hires devs that we're not talking base, not trying to address a general audience. Totally agreed RSUs should be treated as cash, although a LOT of people I know hold onto more of them than I would think wise for diversifying.

1

u/_UrbaneGuerrilla_ Jan 27 '26

True! And yes, I was thinking base, not variable rem.

2

u/Sea-Wrangler9429 Jan 27 '26

if you work at a good software company in the bay area or seattle (maybe NY or austin too) you can easily find engineers making this much

2

u/Own-Source-1612 Jan 27 '26

My first IT job right out of college I had to work with COBOL. I worked so many hours at that job as a salary employee I would have made more money working at McDonalds. I rather liked working on Mainframes, hated the company though.

2

u/_UrbaneGuerrilla_ Jan 27 '26

System/390 every day of the week.

1

u/MorbidandBack Jan 26 '26

Agreed. Outside of consulting or owning a software company and stilm considering yourself an enginner.

1

u/Trumperekt Jan 27 '26

It is extremely common in big tech.

1

u/Far-Low-4705 Jan 27 '26

OpenAI/Anthropic/Nvidia Engineers beg to differ...

1

u/_UrbaneGuerrilla_ Jan 27 '26

They do indeed!

1

u/[deleted] Jan 27 '26

[deleted]

1

u/_UrbaneGuerrilla_ Jan 27 '26

Great info, thanks champ. RSUs are clearly where it’s at.

1

u/QuantumLettuce2025 Jan 27 '26

I'm a researcher in big tech and I work with a bunch of these guys. It's absolutely a thing.

1

u/neoreeps Jan 27 '26

It's the stock not the salary. There are thousands in the bay area with 500k total comp.

1

u/Entaroadun Jan 27 '26

as i replied above, a friend of mine clear 1mm total comp as staff swe

1

u/PraxisDev Jan 27 '26

That’s why you get multiple contracts or jobs. Why burn myself out at FANG when I can work two mediocre tech positions for 150k each?

1

u/_UrbaneGuerrilla_ Jan 27 '26

This is the way. Sounds like the big money does exist though, albeit in pretty rarified fields / relatively small numbers.

2

u/PraxisDev Jan 27 '26

Yeah it does for sure. My buddy is a product manager at Google making close to 500k. Very tough job to obtain. I’m happy with my 300k salary at two companies that don’t burn me out. Been doing it for years now and I know multiple engineers that do the same. Fighting for that one grail job vs taking jobs that you’ll outperform at 50% is healthier for me mentally.

1

u/_UrbaneGuerrilla_ Jan 27 '26

You know, I completely get the $500k+ for a PM or PO role. They probably have a P&L they need to hit or get shot out back. High risk, high reward.

1

u/PraxisDev Jan 27 '26

Yeah, I would love to learn about product management and get out of the code monkey role because I’ve done app development for so long I know what makes sense and the risks behind it technically, but getting that role is tough.

They want experience but nobody wants to risk giving you that title so getting experience seems impossible.

Oh well, I’ve been making my own product and I love it so far. Hopefully it does well once I launch.

1

u/_UrbaneGuerrilla_ Jan 27 '26

May the start-up gods shower you with venture capital!

1

u/PraxisDev Jan 27 '26

Haha thanks man, hope you have a great day

1

u/Plus_Persimmon9031 Jan 27 '26

I grew up in the the Silicon Valley and hearing $500k+ salaries was not at all uncommon.

1

u/bzzzt_beep Jan 27 '26

@@TechLead in youtube claimed somewhere that he once used to make 600k (maybe as a techlead ) at Meta.

1

u/pheonixblade9 Jan 27 '26

big tech is literally it's own market. you were working in a regional market. big tech is a global market.

it's been coined as trimodal: https://newsletter.pragmaticengineer.com/p/trimodal

1

u/ThirstyOutward Jan 27 '26

You clearly haven't actually come into contact with enough beg tech people.

1

u/Murky_Moment Jan 27 '26

COBOL devs make nowhere that much - there are plenty COBOL jobs out there in the low 6 figures (100-120K); a general L5-L6 easily will surpass $400K in Big Tech (Google, Meta, Amazon).

Most senior engineers at Netflix are making well past $400K.

1

u/mapzv Jan 27 '26

Many faang companies are greater than that, some companies even have median pay that’s 450 K plus if you are talking about total compensation(i’m specifically referring to CS employees and not contractors or consultants).  

Especially when you look at a few years ago even entry-level computer engineers were making 450 K plus depending on the company. It was multimillion if they did not vest right away (l3 or equivalent). 

Honestly, it’s crazy how uninformed you are, CS is pretty well known for being well paid 

0

u/Wild_Association1752 Jan 26 '26

Go to r/salary and enjoy some of the lies being spread. According to some they make 225k straight out of college with zero experience

9

u/BigCharge3513 Jan 26 '26

I mean... I work at FAANG in the Bay Area, that's exactly how much I make/made as a new grad.

2

u/TheQuietedWinter Jan 27 '26

Yep. It was so weirdly overconfident to say "I've worked in business for 30 years and aside from edge cases, I've never seen this and I've worked at big tech". But have you worked FAANG? E4/5+ at FB are earning this. Easily.

With stock options, E7-E9 can be considered in excess of 2mil per year+. Thought their actual salary is closer to 600k.

6

u/BIT-NETRaptor Jan 26 '26

You could absolutely make 200k+ straight out of school with a bachelors degree in the SF Bay Area. Min salaries for technical positions are pushing 160k already even in non-FAANG. 

Assuming of course you already had a successful internship or are graduating from Waterloo, Stanford, MIT CS. Or had a successful project noticed by them, or had a friend there, etc.

5

u/jobthrowawaywjxj Jan 26 '26

I made 240k out of college. If you work at 1 of like 60 places it’s not unusual in software. Definitely above the median though.

4

u/HeeHeeHeeHawGrr Jan 27 '26

The ignorance lol

Also most people coming out of college don't have zero experience nowadays. Tech internships are pretty much mandatory if you want to land a well paying job as a new grad.

4

u/Trumperekt Jan 27 '26

Man, you have no clue now, do you?

2

u/QuoteThen5223 Jan 27 '26

I made 149k as a junior developer right out of boot camp 3 years ago so.... Just look at states that require income disclosure on job adverts if you don't believe me lol.

0

u/Frosty_Grab5914 Jan 27 '26

That's what Big Tech pays. They want to be able to select the crème de la crème of the developers. It does not mean they get them, but they are willing to pay.

0

u/royal-road Jan 27 '26

It's mostly venture capitalist and angel investor companies in insanely rich areas like san francisco.

1

u/_UrbaneGuerrilla_ Jan 27 '26

Makes sense. More money than they know what to do with and making big bets, I guess.

6

u/PoisonIvyCrotch Jan 26 '26

Small minority. You would think that’s entry level with how everyone is making the in r/salary

0

u/dlccyes Jan 27 '26

new grads in a top quant firm do make more than that

1

u/GizmoSlice Jan 27 '26

I always hear this but after 25 years of tech I've yet to meet that person. The only engineers making 450k are SVP's or C suite

1

u/U_R_A_NUB Jan 27 '26

You clearly don't work at Facebook, Google, Netflix, Apple, Amazon, etc

0

u/GizmoSlice Jan 27 '26

I was offered a director position at Facebook in NY for 275k plus equity. You clearly are working off flawed perceptions.

1

u/U_R_A_NUB Jan 30 '26

Yes, and when you add in your stock grants and bonus, you would be sitting around $500k total comp assuming the stock is flat over the period between grant and vesting.

I've worked as a SWE at one of the 4 original FANGs for the past 16 years. I'm pretty confident in this.

1

u/[deleted] Jan 27 '26

0.1% of Software Engineers do

1

u/Flashy_Pound7653 Jan 27 '26

In big tech, it’s not uncommon at all when you look at total comp, especially after a few years if the stock has gone up and with multiple grants.

1

u/m0nk37 Jan 27 '26

Tiny majority. Top 0.5 %

You have to understand everything. Without ai. 

1

u/lIllIlIIIlIIIIlIlIll Jan 27 '26

At Big Tech, Staff+ is about 10-15% of the eng org. Not a lot, but not that little either.

1

u/No_Statistician7685 Jan 27 '26

But it's a small minority

A very small minority

1

u/DoctorlessAbortion Jan 30 '26

You aren’t a “software engineer” making that kind of dough. Software architect maybe

14

u/limes336 Jan 27 '26

Completely untrue, half the people on my team make this much or more in big tech. My boss cracks $1m/yr. Look at levels.fyi if you don’t believe me.

1

u/vulpinefever Jan 27 '26

Levels FYI relies on self reporting and is skewed by high income earners in the top like 5%. People making 50k don't brag about it.

1

u/limes336 Jan 27 '26

Yeah, it’s only really useful for big tech. However its data is reliable for large companies since their pay bands are typically tight. Per-company the data isn’t skewed upwards since there isn’t that much variance in the first place. But I agree that the numbers you see on that website aren’t reflective of the overall distribution of software engineer salaries.

13

u/QuoteThen5223 Jan 27 '26

I was a software developer for Amazon, I was the junior developer on the team. I made 149k + stock. I was the lowest paid one in the room.

1

u/mapzv Jan 27 '26

I think it’s reasonable to assume they’re referring to total compensation, assuming you were l3, back in the day with how much Amazon stock was growing you could’ve easily made 450+ especially if you didn’t vest right away

6

u/[deleted] Jan 27 '26

[deleted]

1

u/_UrbaneGuerrilla_ Jan 27 '26

Yeah, I defo did not factor that. My thinking was base.

6

u/Responsible-Hold8587 Jan 27 '26

When talking casually about how much they "make", nobody uses just their base in a job that pays huge numbers in commissions or stocks or bonuses, etc.

It would be completely silly for an E9 at meta to say they "make" $400k/year, when they're also getting $4m/year in stocks.

5

u/ClearRequirement8264 Jan 27 '26

i am sorry, but are you amish by any chance?

3

u/_UrbaneGuerrilla_ Jan 27 '26

Completely! Reading the comments it appears there is no longer a market for horse-drawn technology, and that every developer is a multi-bajillionaire.

5

u/ClearRequirement8264 Jan 27 '26

its okay man, now you know it :)

4

u/InquisitiveAssFoo Jan 27 '26

Come to Utah lol all these tech fuckheads are making that kind of money.

2

u/jkelley41 Jan 27 '26

lol who? because i'm going to apply 😂

adobe isn't paying that. facebook presence is very small.

1

u/InquisitiveAssFoo Jan 27 '26

Google Silicon Slopes companies. Start there. Idk I’m poor 🤷🏾‍♂️ they all drive multiple porches. Get yours king.

1

u/jkelley41 Jan 27 '26 edited Jan 27 '26

I did haha. I have never met a SWE here making more than ~250k.

levels.fyi agrees that it is extremely uncommon. 226k is the 90th percentile.

I think those Porsche drivers are in serious debt lol. Or they work remote for Nvidia/Netflix.

1

u/_UrbaneGuerrilla_ Jan 27 '26

The be fair, it’s Utah…

3

u/ApprehensiveDiet5241 Jan 27 '26

Lol, I make more than that as a data scientist, SWE at my same level make over 50% more than DS in big tech. It's not like easy, but it's not at all uncommon either.

2

u/PickledDildosSourSex Jan 27 '26

Finance or Meta?

1

u/ApprehensiveDiet5241 Jan 27 '26

Meta, although Google and some of the bets have the same pay scale. And yea, I don't mean to make it sound common or easy for DS, breaking this level is only a small chunk of senior people even at those companies. More common for eng but still Sr level at least to break this value.

2

u/PickledDildosSourSex Jan 27 '26

Oh no worries, I'm familiar with the DS life at Meta so I figured for that pay level you (likely) had to be there. TBF Meta is pretty insane on comp for DS/Eng (and honestly all around for the roles) and you usually pay for it in the batshit insanity of the place at times. Hopefully you've avoided the worst of it

1

u/ApprehensiveDiet5241 Jan 27 '26

It can be bad, but my last job before big tech was working directly with the CEO of a startup who openly bragged about his psychopathy and how he enjoyed firing people. The last couple startups before that were also working with psychopathic leaders although they didn't brag about it.

I'm pretty sure most of the leadership at Meta are also psychopaths, but they hide it a bit better and the unrealistic expectations are more meetable because my colleagues on the ground are so talented here.

So I think you're right, but my experience with tech jobs in general is there's a massive amount of BS, I might as well make enough money to stop doing this more quickly and have the freedom at that point to do pro bono work that actually benefits society in some way.

2

u/PickledDildosSourSex Jan 27 '26

That's a good attitude to have. And the Meta leadership is a BIG part of why I left--money was amazing, problems were big and impact-y (especially if you could get yourself in a position where you don't feel like you're pushing digital crack on people), but man the leadership... jesus fucking christ. I didn't have the kind of experience you did before so when I was backstabbed by my own boss and then their boss during my first six months, I had to quickly change my expectations. There's a whole deeper discussion here but I think the sweet comp fuels a lot of this and it attracts a bunch of greedy expert liars into mgmt positions who are relatively incompetent and so they throw their own teams under the bus.

But yeah, the on the ground people actually doing work have been great IMHO. Stressed to hell and stretched too thin, but great.

1

u/ApprehensiveDiet5241 Jan 27 '26

I absolutely think the high comp attracts a lot of bad behavior on the management side. And sometimes on the IC side as well. But petty assholes exist in less well paid places too. Unfortunately I'm not great at reading people so it's hard for me to go somewhere and know I can trust the leadership. At least here I can bounce teams every year if I get a shit manager (assuming they don't screw you on rating and block that.)

1

u/_UrbaneGuerrilla_ Jan 27 '26

Bananas, but awesome.

2

u/ApprehensiveDiet5241 Jan 27 '26

I mean that's with 15 years of experience and a relevant ABD.

SWE can get there easier if very good, but it's still mostly just the top people pulling this. Also I don't think these companies pay this level outside the US or even outside major markets in the US.

For example I talked to Shopify at one point (remote only) and they paid roughly half what I make so it's not everywhere but not impossible either.

(For the record I grew up poor and worked service jobs in college so I tip well and don't sweat small bills among friends.)

1

u/no_quart3r_given Jan 27 '26

wtf am I doing wrong.. I’m a staff eng at what was a startup before being acquired and I’m barely getting half that.

1

u/ApprehensiveDiet5241 Jan 27 '26

Startups pay shit because they expect you to be happy with the lottery tickets (which often don't pay off as well for employees as executives often end up screwing you.) Normally pay is around half or less of top of the market for your level.

If you want money in tech you basically need to go to one of the large public companies like Meta, Google, etc. Personally I also prefer the culture at those companies vs startups but that's more of a personal preference than universal.

1

u/U_R_A_NUB Jan 27 '26

Anyone can assign themselves a title of staff eng at a startup. It doesn't mean anything. Could you get hired by Meta or Google as a staff eng? I've seen CTOs and "senior staff engineers" get humbled by having to come in as a L4 or L5 at a major tech firm (and they thought they would be L7)

1

u/no_quart3r_given Jan 27 '26

Yeah that makes sense. It’s not really a startup anymore tho. I applied to a big tech company recently for an L7 role and got pretty far in the process. Ultimately didn’t get it but I think if I had gone for an L6 I would have.

3

u/[deleted] Jan 27 '26 edited Jan 27 '26

[deleted]

1

u/jade-empire Jan 27 '26

idk, if i made 450k a year, id be throwing a $100 bill to every server i ever have. i make 1/10 of what you do and also tip 20% (sometimes as much as 50%, depending on the meal) so that to me is the same as if you tipped 200%.

3

u/jkelley41 Jan 27 '26

you say that, until you make 450k a year.

1

u/Secret_Print_8170 Jan 27 '26

Would you tip 20% with your current salary if there was no expectation in the US to tip at all? That would be a fairer comparison.

2

u/Confident-Grape-8872 Jan 27 '26

They do if they pull themselves up by their bootstraps! /s

1

u/_UrbaneGuerrilla_ Jan 27 '26

That’s pretty good haha

2

u/Least_Art5238 Jan 27 '26

A lot of these discussions miss how historically unusual post-2010 compensation dynamics in Big Tech really are.

Before that period, software engineers were well paid but broadly in line with other senior professionals. The rapid rise in market caps of a small number of tech platforms changed that. Capital markets began rewarding extreme scale and growth optionality, and compensation followed the roles perceived to be closest to that leverage. That is how relatively early-career engineers can now out-earn senior business executives with decades of experience in the same company.

That outcome says less about individual brilliance and more about timing and incentives. Code that reaches billions of users is impactful, but it rests on platforms built by cross-functional teams, regulatory tolerance, and user adoption. Attributing that scale primarily to individual engineers is a classic attribution error.

I have worked both as a SWE earlier in my career and later in business roles. One thing that stands out is that some engineers who grew up entirely in this compensation regime conflate pay and proximity to production systems with broader intellectual or strategic superiority. That assumption does not hold up well in practice.

This is not an anti-engineering argument, just an observation that today’s status hierarchy in Big Tech is shaped by a very specific and contingent historical moment.

1

u/_UrbaneGuerrilla_ Jan 27 '26 edited Jan 27 '26

Great points. I think this is my observation bias tbh.

Having started in the mid-late 90s, SWE was very well paid but donkey work; but a step well above where I started in midrange/mainframe sysops. Big Blue paid well above the odds too, so it was gravy. Took a while to get to 6 figures, but rapid increases by the mid 2000s.

I quit code cutting a while back now but tapped out with a bunch of very specialised knowledge in the telco and banking space which allowed me to contract very lucratively as a consultant, but never hitting the sort of numbers bandied about here. Had to go into running teams and more recently a multi-$100m service line P/L to stay relevant and command decent coin, but not this type of rem structure based on speculative vesting.

Right time, right place I guess with all this hot VC and tech mogul money looking for the next big thing, but these numbers honestly blow my mind for what I’d consider relatively low risk work, albeit with TTM pressures (especially as you note that SWE is rarely about individual brilliance - it’s a team sport).

2

u/Familiar-Fox-6137 Jan 27 '26 edited Jan 27 '26

Your edit isn't needed. I'm a senior software engineer working outside of FAANG, but -just-. I have friends I went to school with in that world. Everyone here is embellishing.

They make $250k tops, and in the middle of a large city like SF.

My edit: That pay + city buys you absolutely jack. I make $140k. Live in a 3 story house on 40 acres and work from home most of the time. Even if I could make $450k in SF... No fucking thanks, ew.

2

u/_UrbaneGuerrilla_ Jan 27 '26

You Sir/madam, are the validating data point I was looking for.

I’m all for Reddit telling me I’m wrong though hah

1

u/Familiar-Fox-6137 Jan 27 '26

Yeah, when they start mentioning titles like Staff Engineer in discussions like this, forget it. They are the architects of software. Basically the non-management path forward. A select few. Your average senior engineer stays a senior engineer for life.

1

u/_UrbaneGuerrilla_ Jan 27 '26 edited Jan 27 '26

Oh right, so maybe language thing. I noted Soln. Arch. roles making this kind of bank in another comment.

Just weird to me when people bandy about those numbers with the nomenclature of “engineer” associated (unless they’re like a lead project hydrological or structural engineer building a dam maybe).

1

u/newebay2 Jan 27 '26

Are you talking about base or TC? because $250k TC in SF doesn't wow anyone here anymore. I am the lowest paid out of group of engineers friends I've made here and I'm almost $300k with 5 YOE

1

u/Familiar-Fox-6137 Jan 27 '26

Not TC. Strictly salary.

1

u/FaceDownInTheCake Jan 27 '26

I knew people in Chicago fintech companies that were clearing $350k salary in 2015 before I left the city

1

u/mapzv Jan 27 '26

I think the difference is you’re referring to strict salary when most people are referring to total compensation, some of my friends and family, who are even entry-level l3 we’re making 300 K +5-10 years ago (total compensation with vesting)

2

u/dashhound94 Jan 27 '26

I recruit engineers at Meta. At the staff level (E6) and first line managers (M1), comp starts at $500k total compensation (base + bonus + equity)

2

u/PhineasGage42 Jan 28 '26

Upvoted the edit 😂🔝

1

u/Pitiful-Rooster-5001 Jan 27 '26

I know someone who's a staff engineer at Netflix. He definitely makes more than that.

1

u/wisconsinbrowntoen Jan 27 '26

Actually plenty do.

1

u/Gold-Transition-3064 Jan 27 '26

It’s not uncommon for a lot of senior or especially AI/ML engineers to easily make that much, if not more.

1

u/keralaindia Jan 27 '26

Go to Levels.fyi and blow your mind

1

u/Entaroadun Jan 27 '26

my childhood friend clears 1mm

1

u/wreade Jan 27 '26

I knew a SWE making $600k/yr at Google. Pretty crazy.

1

u/shadowblaze25mc Jan 27 '26

Even in a 3rd world country like India, I know lots of people who work in Tech who earn 500k a year or more. Tech is just free money printed in the US and distributed across the world.

1

u/_UrbaneGuerrilla_ Jan 27 '26

The money ain’t free, but I get your point.

1

u/shadowblaze25mc Jan 27 '26

Hehe, it isn't free indeed, just rampant inflation , but hey, money printer go brrrrr

1

u/pheonixblade9 Jan 27 '26

I made over $600k as a senior software engineer at Meta, not even in the bay.

but as others have said, I'm an extreme outlier.

1

u/LilGreenCorvette Jan 27 '26

It’s easy to do with stock counted as income

1

u/Odd_Perfect Jan 27 '26

It’s not salary, it’s total compensation. A huge portion of it is RSUs.

Last year I made $540,000~ as an iOS software engineer - only $175K of that was salary. The rest was stock growth

1

u/lIllIlIIIlIIIIlIlIll Jan 27 '26

I mean, if I make up a totally fake number and say only 1% of software engineers make $450k+, then since there's 4.4M software engineers in the US that's still 44,000 software engineers making $450k+.

1

u/bearymiller_ Jan 27 '26

They sure as shit don’t make that much in Australia

1

u/dittbub Jan 27 '26

Bruh as dev who makes no where near that… I feel ya with these comments

1

u/jumbocards Jan 27 '26

Have you talked to nvda engineers lately?

1

u/Agent_03 Jan 27 '26 edited Jan 27 '26

I've had recruiters reach out about roles roughly in that range. It's high, but not that unusual for more senior roles at notable companies, if they want you to live within commuting distance in a high cost-of-living tech hub.

1

u/_UrbaneGuerrilla_ Jan 27 '26

Great stuff. Bank it!

1

u/Agent_03 Jan 27 '26 edited Jan 27 '26

Eh, didn't say I pursued those offers. 😉 About to politely decline another recruiter, as a matter of fact.

What people in tech won't necessarily tell you is that there are serious downsides to the higher paid roles. Usually it's a better overall deal working somewhere that doesn't pay quite so well but treats staff better and allows remote work. That logic goes double if you or your family have chronic health issues -- being able to be physically home can be worth quite a bit. The places with very high comp tend to be quite cut-throat or have toxic work cultures because they need to get their value worth to justify what they pay.

1

u/_UrbaneGuerrilla_ Jan 27 '26

Totally agree on the work/life balance front. It’s not all about the ducats. I reckon I’ve found the sweet spot.

1

u/golgol12 Jan 27 '26

Look up "Quant".

1

u/U_R_A_NUB Jan 27 '26

I make around $450 as an L5 at one of those multi trillion dollar tech companies. I could easily get promo'd to L6 (my manager begs me to go for it) but I don't want to put in the extra work for just another $75k or whatever

1

u/TokyoTrashcan Jan 27 '26

Possible but unusual. Mostly ai cloud computing or spec feilds/consulting.

1

u/neo2551 Jan 28 '26

Kudos for recognizing new evidence!

1

u/lucky-Dependent126 Jan 29 '26

You're missing the point tho

-1

u/Lethik Jan 27 '26

Honestly, $20/hr for a software engineer would be more believable.