I just landed a senior role at a FAANG-ish SF company paying over $300k TC. Some comments on this:
1. Equity is the biggest factor in these figures. Levels.fyi is extremely bad at clarifying whether you should be reporting your equity value at signing vs how its changed since. Signing is the only apples to apples comparison.
2. These level descriptions are weird. They make it sound like “senior” engineers with 5+ years exp don’t write much code, are just 30% of the company, etc. I suppose it depends on the company, but key teams at FAANGs are able to hire more seniors and just invest in better engineers writing code every day. Good engineers like writing code and working with other good engineers. Netflix for example is known to hire mostly seniors. They’re not just writing design docs.
3. Speaking of Netflix they are an interesting outlier in that they don’t do equity, they do cash TC that is competitive with cash+equity FAANGs. So their offers are great data points that clear up some of the ambiguity around equity value. They are out there every day negotiating for talent. Although I think there’s a little bit of a premium to attract engineers down to Los Gatos.
4. Can they see who opens their doc on google drive when shared like this? The link immediately opened my app with me logged in.
1. Equity is the biggest factor in these figures. Levels.fyi is extremely bad at clarifying whether you should be reporting your equity value at signing vs how its changed since. Signing is the only apples to apples comparison.
2. These level descriptions are weird. They make it sound like “senior” engineers with 5+ years exp don’t write much code, are just 30% of the company, etc. I suppose it depends on the company, but key teams at FAANGs are able to hire more seniors and just invest in better engineers writing code every day. Good engineers like writing code and working with other good engineers. Netflix for example is known to hire mostly seniors. They’re not just writing design docs.
3. Speaking of Netflix they are an interesting outlier in that they don’t do equity, they do cash TC that is competitive with cash+equity FAANGs. So their offers are great data points that clear up some of the ambiguity around equity value. They are out there every day negotiating for talent. Although I think there’s a little bit of a premium to attract engineers down to Los Gatos.
4. Can they see who opens their doc on google drive when shared like this? The link immediately opened my app with me logged in.