These sites are also heavy on selection bias. If someone arrives at this site with a $150K AI salary, they're not going to go to the trouble of submitting it and getting it accepted. Instead, they're going to start updating their resume and browsing job sites while they seek these higher salaries.
If I were to give some guidance, I’d suggest skipping on faang as they top out where they top out, and go downstream to smaller public companies who are growing and where you can deliver real value. Companies like snapchat doubled in 1 year, square doubled in 1 year, etc etc. If you’re already joining a trillion dollar company you need to enter as a leader to earn the top end.
You’ll never see these stats because 1) you don’t gain anything from sharing and 2) it’s easy to find who you are at smaller companies.
When I go to a site like levels.fyi looking to compare my comp, I'd have to believe that I'm not seeing "average" engineering salaries, but an average of the very best salaries at the very best companies. EDIT: Looks like you addressed my question in your comment already. Removing it!
If you bring a few colleagues from the same locality / industry your estimates of mutual connections can be astonishingly insightful without anyone needing to break the taboo of revealing their own compensation information.
The goal of my project is to predict the salary range from job opportunities (and Linkedin profiles in the future) using Deep Learning method (and ad-hoc rules). My plan is to cover countries outside US as well.
The hovertext also says they explicitly divide by N.
That said, the person getting such a large stock grant with a lower base salary is suspicious. The other two offers for L6 are clearly correct as they are (160K/year stock is too low for L6), but that one is odd. Doesn't mean it's wrong though.
For some context, initial grants are usually larger than refresh grants, and an L6 SWE (who again is in a lower band than L6 RS) can expect a >200K stock refresh. So a new hire RS at that level isn't going to get less than 200K annually (or 800K/4yr).
Seems well aware that equity offers usually vest over 4 years e.g.: https://twitter.com/deviparikh/status/1310654018654367744
Also, do FAANGs typically grant more equity after the 4 year vesting period?
Yes, they typically hand it out every year with their additional stock grants/refreshes.
When you start, you initially get a big dump of shares that vest over 4 years. Then every year, you get some more shares that vest over another 4 years. By the time your big initial stock grant is fully vested in 4 years, you already accumulated 4 years worth of yearly stock grants, that they pretty much replace and outnumber (in aggregate) that initial big stock grant, esp. since each year your yearly stock grant will probably be larger than the previous one.
Note: that's not the case at every single FAANG. For example, MSFT (which I know specifically isn't in the FAANG abbreviation, but is still often counted as a part of it; and I know that what I am describing below holds true for Amazon too, but they have it even harder, according to my friends working there) is specifically known for those yearly grants (that usually come at the annual rewards time) being too small. I can attest from my own experience, because all of my additional stock grants pooled together over the past 3 years accumulate to less than a half of my last vest of the initial big stock grant. Even if those 3 years of accumulated stock grants were to fully vest all at once on the same day. And, mind you, my situation isn't even that bad compared to the average, because I have been hitting the rewards performance metrics significantly above the 100% target, hovering around 180-200% every single year.
Then there are tiers of additional performance grants on top of the retention grant, which can be significant, perhaps as much or more as an entire new hire grant.
In a well-designed RSU grant system, employees basically end up on an RSU vesting treadmill that always has that carrot on a stick in front of them. The golden handcuffs to keep them around.
Specifics vary by company, but that's the template most start from.
Do FAANG have offices in Spain? I don't think so. The site is totally out of touch with reality, misleading younger developers who see that and think oh great that's what I will aim to after I graduate.
A developer in Spain would be a lucky to have a job in the first place, for one tenth of that.
https://en.wikipedia.org/wiki/Domain_hack
Is it also misleading that so many startups are based in British Indian Ocean Territory (.io)?
I remember looking more closely at this sector, from a UK perspective, and finding next to no well-paying jobs, never mind interesting (well-paid on the scale of this webpage). If there are some I’m dying to know!
But if this is a wider trend, it is odd how not just the internet, personal data etc that are owned by FAANGs, but the market in AI jobs too.
any idea how to stop getting the multiple Spanish language B2B spam every day?
I also run a .es domain and it seems that simply registering a domain gets you added to a ton of shitty spam lists.
The stats doesn't make sense, it's skewed to the top.
https://www.levels.fyi/Salaries/Software-Engineer/Machine-Le...
