1. More money means less time till I hit FU money and can choose work without any consideration of pay
2. 200k/yr is not as much as it seems if you're in the bay area and have kids
3. Bigger title -> more input on core design decisions. Hate some idea coming from the higher ups? You're in a position to do something about it.
4. Bigger title -> more control in picking interesting problems to work on. People trust you to say "this should be a priority"
This is probably one of the most dominant non-financial factor for engineers. Because if you want to make a visible, critical design decisions for billion-user products you usually want to be at least L6~L7, the level where you're now an owner of a non-trivial product/system spanning across teams.
A lot of responses seem to be focused on high cost-of-living areas, which is kind of a chicken-and-egg problem. If you want to be a moderately checked out person, living in a smaller city and stretching your giant bay area salary is the way to go. If you want to be aggressively careerist, you have to be face-to-face in the bay networking.
More input and more interesting problems both feel like more responsibility for the same comp, imo, which might be appealing for some people but is anathema to me. The people higher up got there by being more argumentative, or backstabbing, or ingratiating themselves, and instead of going along with them now you get to fight them. No thanks.
And for the controversial part: The above is why I think it's insane to, for example, take 1-2 years of not working, early in your 20s, to go see the world and "find yourself." Those 1-2 years, if spent earning, could mean retiring an extra 3-6 years earlier.
No. I don't work that hard, and my work is generally enjoyable, I've made a lot of good friends, and get to live in the area I grew up in near my family.
> A lot of responses seem to be focused on high cost-of-living areas
Well, my response was to a poster asking "why do you care about making more if you make 200k?" and the answer for some people making that amount of money is that they are only able to find work paying 200k+ in a high COL area.
> More input and more interesting problems both feel like more responsibility for the same comp
The thing driving more interesting problems and more input is a title bump, which in my neck of the woods means a 50% or greater pay bump, so I would say that's not for the same comp. Whether it's more responsibility is variable, but I know engineers two levels above senior who more or less have the same responsibilities as a senior engineer except their project is "harder" and more important to the company (this does not mean the more senior engineer is actually working more hours though).
Perhaps a meta point here is also useful. Once you're senior, most engineering work available is not interesting and does not help you grow as an engineer. Engineering work that helps you grow as an engineer often makes you more valuable. Companies usually give interesting work to their best engineers. If you can quickly climb the ladder to where your job feeds you interesting work you can enter into a "winners-win-more" sort of feedback loop. This is a strong incentive to front-load your career growth by working really hard for your first decade in industry (or at least years 5-10).
