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If you're not 24 and just graduated from Stanford's CS program and your roommate just created a startup and is offering you a 100+ hour a week job making $80,000 a year, good luck.
managers at the Bay Area’s fastest-growing technology companies were blunt. Seth Williams, a director of staffing at Google, said his firm was looking for candidates who are “passionate” and “truly have a desire to change the world.”
translation : we want young people who will work themselves into a coma because they believe they will be worth a couple of hundred million in a few years.
managers at the Bay Area’s fastest-growing technology companies were blunt. Seth Williams, a director of staffing at Google, said his firm was looking for candidates who are “passionate” and “truly have a desire to change the world.”
translation : we want young people who will work themselves into a coma because they believe they will be worth a couple of hundred million in a few years.
They have this impression that those from the classic computer industry don't have the right skills. While it is true that many such people didn't "come from" the Web 2.0 "ecosystem" I would bet dollars to donuts that if confronted by a serious software engineering design review the Web 2.0 (and Web X.0) crowd would collapse like wet paper bag. It's great if someone is familiar with big data and all the latest tools however without certain basics we're talking nothing but crap.
Is the common belief that anyone who works in silicon valley makes 6 figures accurate? I have a few friends in higher profile tech companies like google, linkedin, and fb, and non of them 6 figures. They are 2-3 years out of undergrad and working like mad to push 75-90k. People in the know, in other words, ones that DO work at these tech companies, are the salaries commonly in the 6 figures for people with less than 6 years in the industry? Are the bigger 100+ salaries reserved for far fewer than the people like to assume?
As one who works for such a tech company - and who is not at management levels - I can tell you that six figure salaries are common. An engineer or analyst fresh out of school won't be there, but by the time you're a senior analyst (perhaps with a masters degree) and with several years of experience...yeah, low six figure salaries are very realistic. Do some Salary.com searches. And it's pretty important here, considering the cost of living.
That is a sad trend for older workers in IT to get shown the door. I wont be at that 40+ in too long, and hoped that the years of experience would count for upper management positions down the road. The article did seem to be focused on older manufacturing managers in IT though
As one who works for such a tech company - and who is not at management levels - I can tell you that six figure salaries are common. An engineer or analyst fresh out of school won't be there, but by the time you're a senior analyst (perhaps with a masters degree) and with several years of experience...yeah, low six figure salaries are very realistic. Do some Salary.com searches. And it's pretty important here, considering the cost of living.
What would you say is "several years of experience?" Typically, how many years does a fresh engineer need before moving to the senior level? And how many really get there?
What would you say is "several years of experience?" Typically, how many years does a fresh engineer need before moving to the senior level? And how many really get there?
I don't think that it's a fixed number of years, but depends a lot on the individual skill set and the desire to take on expanded responsibilities, such as project leadership. In my mind, a senior engineer should be able to work completely independently as well as be able to lead and mentor a team of more junior engineers. I was promoted to Senior Engineer less than three years after I started working in software development. I know co-workers who have been here for 8-10 years and have yet to be promoted to the senior level.
What would you say is "several years of experience?" Typically, how many years does a fresh engineer need before moving to the senior level? And how many really get there?
There is no exact number, depends on how good you are...but I'd say 4-6 years. I should really qualify, though, that I'm speaking from a finance/systems analyst perspective. And anyonethe from a strong MBA program with several years of prior experience should be looking to start at least in the upper 5's with near-term path to six.
The thing is, even just a six figure salary here is not "rich"...not in a world the wealth concentration is so great and even pretty normal looking houses on the peninsula are running around a million or more. It's really just getting by comfortably -pay and likely still renting for some time.
Is the common belief that anyone who works in silicon valley makes 6 figures accurate? I have a few friends in higher profile tech companies like google, linkedin, and fb, and non of them 6 figures. They are 2-3 years out of undergrad and working like mad to push 75-90k. People in the know, in other words, ones that DO work at these tech companies, are the salaries commonly in the 6 figures for people with less than 6 years in the industry? Are the bigger 100+ salaries reserved for far fewer than the people like to assume?
The average salary for software engineers in Silicon Valley is only $120K/yr. So the majority are making 6 figures, but people earning 120k probably have over 10 years experience for the most part. If you're asking if 25 year olds 2-3 years out of school tend to earn 6 figures the answer is no. I was 28, 3 years out of my Masters when I started making 6 figures. Surprisingly your salary will be more based on what you earned in the previous job than how "valuable" you are to the company, especially since most companies end up earning way more than 100k from the labor of a software engineer in a year. Essentially they will pay as little as they think they can get away with. If you want to make a lot of money quickly it is best to change jobs every 2-3 years voluntarily and demand a 10%+ increase in pay each time, as I said, most companies pay as little as they think they can get away with, so they won't be eager to increase your pay while you work there.
Is the common belief that anyone who works in silicon valley makes 6 figures accurate?
Yes, except those who are just starting out in their career.
Quote:
I have a few friends in higher profile tech companies like google, linkedin, and fb, and non of them 6 figures. They are 2-3 years out of undergrad and working like mad to push 75-90k.
What I just said.
Quote:
People in the know, in other words, ones that DO work at these tech companies, are the salaries commonly in the 6 figures for people with less than 6 years in the industry? Are the bigger 100+ salaries reserved for far fewer than the people like to assume?
Anything < 5 years experience is considered "entry level" so these are the lower salaries. 5-10 years is mid level and most people probably start getting close to the 6 figures at that point. But it depends on your job title and the scope of your work. "Easy" IT jobs that don't require a lot of skill or brains will never hit that 6 figures.
Everyone I know who works as programmers, network administrators, engineers, etc. and have at least several years experience, makes more than 100k.
That's a big salary compared to the rest of the world. But not a big salary compared to the cost of property in the Bay Area.
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