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so... in Miami, I make $150k working for a non-FAANG company as a senior software engineer.

If I worked for a FAANG company, I'd make $300k?

Total comp yup, but guess what.. if you are senior at a non faang company you will not be a senior at a faang company, likely L4. Even then your TC will be ~250 at the right company

so... the generally accepted knowledge of the software industry is... you will make an extra $100k/yr+ minimum if you go work for a FAANG company.

Why doesn't everybody want to work for FAANG companies then?

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