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These companies are all fighting over a small group of people and driving wages up. Why not branch out to other schools? I have two degrees, one from a top school and one from a so so state university and to tell you the truth, the level of education wasn't much different if at all.
I have two degrees, one from a top school and one from a so so state university and to tell you the truth, the level of education wasn't much different if at all.
A point of frustration to no end for me. Unfortunately, for 99% of people perception really is everything.
Out here in flyover land St Louis with a much much lower cost of living, software engineers from Missouri Science & Technology and WUSTL are also making $100k+ straight out of school (especially for Java engineers). A top Stanford grad would have no problem pulling $150k here out of school; and be able to buy a house in a good area with their first year's salary.
All those stock grants sound good, until you remember that they are restricted.
That means you cannot sell them until they vest, and you will pay tax on them regardless of whether or not you sell. And if you leave or get fired before vesting you get nothing; or in some cases even if the company is sold.
Yes and in their free time they can go visit the world's largest half of a McDonald's sign.
We are also talking about the top computer science and engineering graduates from Stanford, MIT, CalTech, Harvard, Berkeley. All the tech companies around the world are fighting to get them. Do you think Snapchat is going to look attractive offering minimum wage or $50k? Remember TEEN INTERNS in top Silicon Valley firms can clear the equivalent of $80,000 a year (Palantir offers $7000 a month and Facebook offers $6200 a month AND free housing). To compete companies have to bring it, including huge salary offers AND insane stock options AND ridiculous perks.
These people have two things which Silicon Valley lionizes: youth plus attended a top cs/engineering school. They probably have been programming since age 8 and do triple integrals with trigonometric substitutions problems in their head....for fun.
not active but A you should stop looking at outliers and living in lala land
Look at the entry lvl salaries for oh iunno Apple, Oracle, Dell, etc. A company is going to pay market rate and the differences are due to COL between states. You are aware that Cali is one of the most expensive states to live in with places like San Fransisco being MORE expensive than NYC. The higher salary is in response to that.
Edit just looked at Snapchat salaries and they are about average for the location and industry.........most engineering jobs pay 6 figures in Cali. Can't say the same for states like Texas or even NYC. Its all relative so me thinks you're still in school if did not know this and in case you not aware Glassdoor heavily inaccurate, leans towards the tails end, and 80-150K in the affluent areas of Cali is **** as I stated earlier some places in Cali costs MORE than NYC to live in.
Out here in flyover land St Louis with a much much lower cost of living, software engineers from Missouri Science & Technology and WUSTL are also making $100k+ straight out of school (especially for Java engineers). A top Stanford grad would have no problem pulling $150k here out of school; and be able to buy a house in a good area with their first year's salary.
All those stock grants sound good, until you remember that they are restricted.
That means you cannot sell them until they vest, and you will pay tax on them regardless of whether or not you sell. And if you leave or get fired before vesting you get nothing; or in some cases even if the company is sold.
Yes, but they would have to live in St. Louis.....
Yea, I'm from the Midwest. Got out as soon as I could.
that only sounds nice... 300k in stock options? on a company that may or may not become profitable....
And that vest over a timeline that could easily see this latest fad dry up and blow away.
I was once a millionaire on paper with stock options. As we watched the share price tumble, we'd occasionally get fresh grants at the new strike price. We pretty much knew they'd never be worth anything, and so long as the paychecks cleared, that was good enough.
Speaking of paychecks, $100-150K is minimum wage in the Bay Area. Those "top engineers" will be commuting an hour each way from small apartments for that.
Advertising. Companies and major events are ponying up 6 figures for event streams. 77% of high school and college students check it every single day. It's the best way to reach the younger half of the Millennial market who aren't paying attention to Facebook or Twitter any more.
And what happens when SnapChat isn't "hip" any more, and nobody pays attention to it?
For the top of the top, things are always good.
Going to an elite top-10 engineering school, graduating *** laude, and having some other major accomplishments while in college (entrepreneurship or science related) will make one very desireable.
If I were one of those folks, I'd jump at the opportunity. For a young 20 something, that salary is great and tech companies are usually good/fun places to work.
Out here in flyover land St Louis with a much much lower cost of living, software engineers from Missouri Science & Technology and WUSTL are also making $100k+ straight out of school (especially for Java engineers). A top Stanford grad would have no problem pulling $150k here out of school; and be able to buy a house in a good area with their first year's salary.
All those stock grants sound good, until you remember that they are restricted.
That means you cannot sell them until they vest, and you will pay tax on them regardless of whether or not you sell. And if you leave or get fired before vesting you get nothing; or in some cases even if the company is sold.
Work at a top tech company in the Bay Area or a ****ty corporation like Monsanto in St Louis.
Are you serious? Young tech company over an old-impotent corporation on any given day.
And that vest over a timeline that could easily see this latest fad dry up and blow away.
I was once a millionaire on paper with stock options. As we watched the share price tumble, we'd occasionally get fresh grants at the new strike price. We pretty much knew they'd never be worth anything, and so long as the paychecks cleared, that was good enough.
Speaking of paychecks, $100-150K is minimum wage in the Bay Area. Those "top engineers" will be commuting an hour each way from small apartments for that.
Lay off the drugs.
Your numbers are off by a lot.
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