My understanding is $110k is an unsurprising entry-level salary; people who are mid-career would be making quite a bit more.
My understanding is $110k is an unsurprising entry-level salary; people who are mid-career would be making quite a bit more.
In my country, between what is paid by the employer and what I actually get there is a factor of 2 to pay for all the "free" service aforementioned.
[citation needed]. Most high-level American techies I've met get two weeks and take less.
Edit: Oh, and it's probably worth noting that starting salary is wayyyy lower than SF, or even other major metro areas. Ballpark $50k. Balanced by the stability, benefits, lower cost of living, and lack of traffic/commute.
Most tech people, especially younger people, have to switch jobs every one or two years, roughly, in order to get a proper compensation boost and career growth, so they never accumulate the years at one company that lead to the 4-5 weeks that some people get.
Like at my current job, there's several people here who have been here for 5 years and have 4-5 weeks of PTO accumulated. I've been here for less than a year, so I have 2 weeks, even though I have more career experience than quite a few of the people here.
Also, due to some recent changes that screwed with benefits quite a bit, I'm not sure I see myself staying here for much longer than maybe two years max (we'll see, there's a pretty good team, nice boss, and perfect commute, so I'm in no hurry), so I'm probably not going to see any extra PTO out of that either.
I know of one Big Five tech company where the lowest pay bracket for permanent-position software engineers is $110k USD base salary, plus substantial annual bonus and liquid stock (roughly $150k total comp, plus perks). Interns get less base and no bonus/stock, I think.
If we assume that all of the Big Five are within 20% of that, and if we also assume that every startup wants to hire "only the best" (or, more realistically, every startup wants to credibly lie to themselves that they do so), what do you figure they need to pay to get anybody taking their jobs seriously?
Market forces, friend.
Note that these are not salaries that apply to any ol' schlob who can sling a little HTML and got Apache running that one time, this isn't 1998.
If you're in a place like Indianapolis, Indiana, which is basically as vanilla as a middle America gets, median salary drops to something like $70k/year (£50k, €65k). But there are basically no entry-level jobs there, and you either have to go to Chicago or a military base to find work nearby as a new graduate. That means the 12 experienced software pros that still work as employees in the city earn waaay below average. But the housing costs there are very low, such that it's much easier to buy a home in Indianapolis on $70k/year than in San Francisco with $105k/year (£75k, €95k).
There is the additional disadvantage that none of your employers will be even remotely sexy, there will be a pathetically low number to choose from, the public transit is terrible, and if you are at all worried about public schools, you would need to live in Carmel, Fishers, or Washington township, all quite a lengthy and congested commute from downtown.
Two hours away, in Chicago, median salary is $75k/year (£55k, €68k), with a greater variety of potential employers. Housing still affordable. Public transit is very usable. But the city is more corrupt than Dis, and nearly bankrupt.
The competition for housing around SF-Oakland-SJ is certainly driving up software industry salaries in that area. Companies hiring on-site employees in the metro area can't get anyone who can't afford to live within commuting distance, and can't keep in the long-term anyone who can't eventually secure family-appropriate lodgings within the same radius. And the intense competition for competent employees means that companies have to constantly outbid each other.
It really is insane out there. I have utterly no clue on how they can sustain such a high salary differential with the entire rest of the world without collapsing the market.
1: https://www.glassdoor.com/Salaries/san-francisco-software-en...
2: http://www.payscale.com/research/US/Job=Software_Engineer/Sa...
I also see Glassdoor is accounting for stocks now, though that's not factored into avg salary, but total comp. Looking at some companies this raise compensation by ~$50k.
What I'm saying is that Glassdoor does not count it towards their avg salary number. If you click a salary for a role at a certain company it'll give you a different breakdown showing Avg Salary, and one showing Total Comp that includes salary + bonus + stock