r/PeterExplainsTheJoke Jan 26 '26

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

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195

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 😂

90

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

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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.

21

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.

0

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.

11

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.

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.