Google Salary Ranges and Levels – Levels.fyi
levels.fyi
levels.fyi
Well, then there's the new guy at NY Google only making $128K. That person is going to need to visit a food bank to live in that city on that salary! /s
$236,000 entry level engineer at Lyft. these numbers don't feel real. even for SF.. how's it possible?
Is it a common practice to overpay THAT MUCH or those few young (maybe not so young) individuals are just negotiation geniuses and skewing the real picture?
There's zero validation to this data. If you feel it's too high, just submit a lower data point: https://www.levels.fyi/addcomp.html
That's not how this is supposed to work
Meanwhile, I believe younger talent is underpaid across the board in industry. In many cases junior employees make less than half what their more experienced colleagues do, even though the juniors tend to take on more than their fair share of the workload, and they often are relegated to doing the tasks and projects that the seniors don't want.
I think this is mostly based on ingrained beliefs in dues-paying and hazing culture (tendency for existing members of an in-group to exploit the newest members) rather than any empirical measure showing that juniors are that much less valuable from a productivity standpoint.
[1]It's estimated that you need to make north of $200k a year to be able to afford to buy a single-family home in the SF area: https://sf.curbed.com/2019/3/25/18277602/income-buy-home-san...
Once the stock stops going up, compensation is going to drop by ~50% for a lot of folks.
If/when the stock later crashes, typically the company is going to issue generous refreshers to good performers to bring them in line with their original grant amount (source: several friends who worked at FB during the stock crash of last year), whereas when the stock skyrockets your compensation skyrockets as well because your RSU grant price is locked in at your offer/refresher date, like a reverse mortgage (source: myself).
People have been saying "this won't last, good luck keeping this going!" for a decade now, and rather than reciting the same motto like a broken record in an attempt to justify my lower compensation, I decided a few years ago to join the bandwagon and milk the good times as long as they last. I'm saving like crazy while doing so, and there's no apparent sign of stopping.
I think there are a lot of advantages to a big company employer, and comp can definitely be one of them.
I would watch out for signs. Yield curve inversion and Duke CFO Global Business Outlook are bearish. The fact that those are happening with high levels of stimulative policy should get more attention. The run on ipos can definitely be read as a change in posture that this is a local high point for equity markets. Anecdata, but there are more stories like https://seekingalpha.com/news/3465880-pioneer-natural-resour... and https://seekingalpha.com/news/3465885-toll-brothers-minus-3_... which I would interpret as leading indicators of a slowdown.
Also, once you stack the annual refreshers and a little bit of stock growth over a year or two, you could be making close what your L+1 peers are making as per the chart. This chart is a reasonable indicator of maybe the numbers on your offer letter but usually this increases substantially over time.
Source: I'm a Google employee.
I think it’s a lot easier to get stock vs cash increase.
At hire, or at the annual comp review?
This particular site seems to be a marketing piece for TripleByte. Perhaps the makers can comment on the accuracy of the data?
Have you considered letting people also report refresher equity grants? It would be interesting to see how they vary at different companies.
Another thing I’ve noticed on other tech career forums, is that a lot of people seem to report their equity based on the value it had once it vested rather than the value at the time of the initial grant, which obviously can inflate the numbers since the same growth isn’t guaranteed going forward. Any sense if this happens much with levels.fyi data?
This relates to the first point in some ways. The vested value is actually what we care about. Part of the reason why tech salaries have skyrocketed in recent years is due to this. For employer B to attract someone employee at A, they have to match the employees current vesting value (otherwise it wouldn't make sense for employee to switch). The stock market has rallied (with ups and downs) for several years not and has driven the compensation up as a result.
In that case, maybe some kind of conversion view would be useful? Like splitting up: here is what you would expect an offer you receive today to look like (base, target bonus, and 4-year equity grant), and here is what your comp might look like at years 2, 3, or 4 at the company based on reported TC that factors in equity refreshers and recent stock appreciation.
My thinking is just that one of the obvious times when this tool is super useful is when you get an offer and you want to see how it compares to other offers the company has given out recently at the same level. But the offer you get will just be an initial grant and won't include stock appreciation or refresher grants (if there are target refresher grants, those would be listed separately in your offer). It would be cool if levels.fyi had some kind of normalized view to be able to do that direct comparison.
The numbers are fairly accurate, but are slightly (~5-10%) skewed higher. This could be because those the type of people that find the site represent those that are better at researching/negotiating, and/or those that are proud of their salary tend to report more.