Yeah, typically per year. And usually it’s called Total Compensation because some of it is in salary, some in stock, some in stock options, sometimes even some kinds of perks, etc.
So all of that gets balled up into Total Compensation, which is different than annual salary
$550,000 a year as a software developer. That’s insane money. You could buy a luxurious house in the city CASH after saving for two years with that salary, where I live. Including other expenses. They are making 3x my salary, also as a software developer.
The “where I live” part is key. Because very likely this person is in SF, where they cannot buy a luxurious house cash with that money, and where cost of living eats surprisingly far into that stupid high number.
But notably, this is why all the normal people who don’t make a half million dollars a year can’t live in SF! 😅
L4 - Junior. A new grad. Expected to be promoted within 2 years or let go
L5 - Mid engineer. Very wide band. Encapsulates anything between a level 2 engineer and a team lead at other companies. Can be expected to lead individual teams at times. Is considered a “terminal” position (there’s no expectation of a promotion past here)
L6 - Senior. Has the scope of what a Staff engineer would at other companies where you’re not only concerned with your team but others in the department. I think like 10% of engineers ever hit L6
L7 - Principal Engineer. You have like 1-2 of these per department. These are more like architects at other companies. About 1-2% of engineers ever hit this band.
L8 and beyond are for fancy hires and shit. Very few if anyone ever works their way up to those bands.
What’s L5 and L6? What’s TC?
L5 and L6 is a label for career progression, like getting promoted from staff to senior, just with different words. TC is total compensation.
Total compensation per what, year?
Yeah, typically per year. And usually it’s called Total Compensation because some of it is in salary, some in stock, some in stock options, sometimes even some kinds of perks, etc.
So all of that gets balled up into Total Compensation, which is different than annual salary
$550,000 a year as a software developer. That’s insane money. You could buy a luxurious house in the city CASH after saving for two years with that salary, where I live. Including other expenses. They are making 3x my salary, also as a software developer.
The “where I live” part is key. Because very likely this person is in SF, where they cannot buy a luxurious house cash with that money, and where cost of living eats surprisingly far into that stupid high number.
But notably, this is why all the normal people who don’t make a half million dollars a year can’t live in SF! 😅
That’s why I mentioned “where I live”. 😉
Big tech pays large amounts of money. This is why people choose to work there.
Well yes, that goes without saying…
PS: 🇸🇪👋
At Amazon you have the following levels
L4 - Junior. A new grad. Expected to be promoted within 2 years or let go
L5 - Mid engineer. Very wide band. Encapsulates anything between a level 2 engineer and a team lead at other companies. Can be expected to lead individual teams at times. Is considered a “terminal” position (there’s no expectation of a promotion past here)
L6 - Senior. Has the scope of what a Staff engineer would at other companies where you’re not only concerned with your team but others in the department. I think like 10% of engineers ever hit L6
L7 - Principal Engineer. You have like 1-2 of these per department. These are more like architects at other companies. About 1-2% of engineers ever hit this band.
L8 and beyond are for fancy hires and shit. Very few if anyone ever works their way up to those bands.