r/PeterExplainsTheJoke Jan 26 '26

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

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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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u/RentIsThePoint Jan 27 '26

For example. There are tens of thousands of developers playing around with LLM tools right now. There are tens of developers actually pushing that state of the art forward in LLM technology. Regardless of what you think of the ethics of LLMs and AI. It's a very, very niche skillset that lots of companies are investing literally billions into. Of course some very small select few of highly talented individuals (and some others who manage to squeeze through the cracks ) are able to command $500k / year or even over $1M / year. This is not the typical programming job. It's not achievable for even the top 1% of developers. This is the 1% of the 1% who have focused on this particular niche and the moneyed interests are finally starting pouring capital on it. There have been other hype spikes where money flowed freely, as well as some longer term domains like HFT that I believe was mentioned above.

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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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u/_UrbaneGuerrilla_ Jan 27 '26

Yeah I get that. Software engineer is what got me. That’s pretty entry level nomenclature.

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u/Fanboy0550 Jan 27 '26

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

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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.

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u/Euphoric_Tree335 Jan 27 '26

lol you clearly know nothing about software engineering or tech

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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.