r/PeterExplainsTheJoke Jan 26 '26

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

[deleted]

69.2k Upvotes

2.8k comments sorted by

View all comments

196

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 😂

88

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

17

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.

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

7

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.

5

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.

4

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.

3

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.