If your desired comp number actually is $1M/year, will that just flag you as a joke to Triplebyte companies? With post-pandemic stock price increases a lot of engineers at FAANGs are making more than that now.
For any reasonable definition of "a lot", no they absolutely are not. A lot of people with 2+ years of experience who've either been promoted once and received a strong annual review, or switched jobs as a mid-level industry hire are making in the 200s and 300s, a few pushing into the 400s. Much more than that and you're looking at the top 1% (or less) of engineers at the top companies. Not a lot.
Source: was a mid level engineer at a FAANG until I left late last year, knew seniors and principals and their comp. Nobody was making $1M/year.
Nobody that makes 2x what their coworkers do at the same job/level casually discloses their comp at the water cooler.
A) your company is engaged in disturbing monopolism; B) your company is engaged in disturbing labor exploitation and arbitrage; or C) your company is engaged in disturbing environmental destruction.
Would love to be proven wrong. Am I?
Edit: option D) is that American cardiologists are not as exclusive and skilled a labor force as I would prefer to believe ;)
Also, staff level is a tiny slice of the engineers at FAANG. So still not “a lot” even if your stock appreciation numbers were correct.
They’re all doing well, but even Amazon hasn’t doubled their stock since prepandemic.
There are definitely more people making 1m/yr at FAANGs than their were last year, but I agree with others that it’s not “a lot.”
AMZN in May 2019 = $1775, today = $3496, 96% appreciation.
AAPL in May 2019 = $43.77, today = $130.87, 198% appreciation.
GOOG in May 2019 = $1103, today = $2508, 127% appreciation.
That's all over the last 2 years. Market low was apparently Dec 2018, before the Fed started cutting interest rates, so the numbers are a bit bigger since then. They were pretty steady through 2017-2019, so anyone who got grants or refreshers during those time periods has benefitted from that appreciation.
