> Google pays basically the same salary as a series A startup would (ie: $150 - $180k / yr)
Entry level. But with ~5 years experience and two promos you’ll be pushing $400k.
If you joined Google 5 years ago then you had at least one annual stock grant double in value.
If you work at FANG for 10 years you should be able to hit retirement money. If nothing else you’ll have invested 600k into your 401k which should be enough for CoastFire. IE it’s all the money you’ll need at retirement age.
I've always heard the L5 ($210k on levels.fyi) is generally the highest the vast majority of people will ever get.
Is that incorrect? I know I've just heard that promo boards are really difficult to get to Senior and anything above that basically requires a miracle / someone far above gunning you.
EDIT: See above. I already addressed the fact TC is much higher. I am only talking about cash comp.
> Yes, you'll get your salary again in stock but you aren't necessarily getting left behind by choosing to punch lottery tickets because you enjoy it.
The typical software engineering employee at a company like Google will be L4 or L5. Staff-level (L6) and higher is a relatively small percentage of employees.
The base salary and bonus component will be in the ballpark of $200k/yr USD (base salary * 15% of base salary). Annual RSUs will often be $100k/yr.
> Yes, you'll get your salary again in stock but you aren't necessarily getting left behind by choosing to punch lottery tickets because you enjoy it.
But you are. $100k in liquid stock is worth about $100k. Startup options are expensive lottery tickets. One is worth substantially more than the other. Therefore one amounts to substantially greater compensation than the other.
You're talking about it wrong. RSUs are functionally equivalent to cash, and taxed as such. You can't talk about only cash comp. If one person is making startup $200k cash + lottery ticket and another person is making $200k cash + $200k RSU then yes the startup person will get left behind if their lottery tickets never hit.
> heard that promo boards are really difficult to get to Senior and anything above that basically requires a miracle / someone far above gunning you.
Nah. I don't know Google's exact ratios. But I would estimate that ~10% of their SWEs are L6 and 3-5% are L7+. I think pretty much anyone can hit L6 if that's a goal. The percentage of SWEs that have 15+ years experience and are L6+ should be relatively high. The bulk of the workforce is quite young. Varies by company and I haven't worked at Google but I have worked at FAANG. They're all pretty similar afaict.
From direct first-hand experience the numbers for SWEs on levels.fyi for Google are accurate.
You almost always get your full bonus (or more) and (depending on the size of our RSU grants) you vest either quarterly or monthly and can usually sell immediately (barring an imminent earnings release).
So for all practical purposes (at FAANG at least) the total comp is cash equivalent (even though it's a combo of base + bonus + RSU).
FANG 401k plans all support the Mega Backdoor Roth IRA. Which every single elgible employee should be maxing out.
The pre-tax 401k limit is ~$23,000. But you can put in another ~$46,000 post-tax. (Limits go up a little each year). High end 401k plans allow this post-tax contribution to be instantly auto-converted into a Roth IRA that grows tax free.
It's maybe a little hard to max out at L3. But every L4+ SWE should be maxing it out. Do this for 10 years and you'll actually have tucked away $700,000 plus growth. Assuming you're a couple of decades away from retirement this will compound and grow into millions of dollars for retirement.
It's "Mega Backdoor Roth" -- no "IRA." It's in your 401k, not an IRA plan. This is wholly distinct from the "backdoor Roth IRA" contributions which also have backdoor and Roth in the name.
Entry level. But with ~5 years experience and two promos you’ll be pushing $400k.
If you joined Google 5 years ago then you had at least one annual stock grant double in value.
If you work at FANG for 10 years you should be able to hit retirement money. If nothing else you’ll have invested 600k into your 401k which should be enough for CoastFire. IE it’s all the money you’ll need at retirement age.