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! 😅
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: 🇸🇪👋