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Comment by throwaway63626 | Hacker News Reader

At my current job (Series E+ fintech) 3 of my team of 4 are quitting over an 8% pay rise being too low. This would have been unthinkable a few years ago, but the market is going nuts.

I'm currently on a TC of £130k and I've been offered roles with a TC of £470k (this is UK remote)

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This is interesting. I'm currently on £150k in the UK working for a startup (non-VC backed, just an owner with very deep pockets) and have an ownership stake vesting in 3yrs. Like you, i'm trying to weigh up the risk of staying (minimal salary raises for 3yrs) and get the equity or bail for an offer at £175k.

UK market is extremely hot right now.

3 years isn't very long and once that equity vests you can presumably leave for a £200k job, and still keep it?

> At my current job (Series E+ fintech) 3 of my team of 4 are quitting over an 8% pay rise being too low.

With RPI at 7%, this is actually fairly understandable, it's essentially no raise in real terms.

Is that higher TC on offer from an American firm? I didn’t realise such numbers were accessible from the UK. Even FAANGs in the UK seem to top out around £200k for mid level.

Yeah, American company but UK Remote working - they've just set up a UK company to employ British people through

> I've been offered roles with a TC of £470k (this is UK remote)

Because no-one else is saying it, I will:

Bitcoin, random cryptos, NFTs, etc, don't count as TC.

I’ve never been offered a crypto token or asset as a form of compensation, but I’d count anything liquid and with reasonable volume as cash equivalent assuming you can sell it.

Ironically I’d count crypto towards TC more than what you actually see more often which is counting ISO or private RSU as TC. Mostly since I think there is much more risk they will never be liquid. And even if they go liquid they are tough to evaluate exact dollar value unlike something being actively traded. For example many private companies got valuations before bear market that would be worth a lot less if actively traded but doubt the recruiters at those companies admit that.

It's none of those things, Staff role in an American fintech company

> American fintech

I hear that they capture your soul in a banker's box now, but in the 1990s it used to be a 3-ring binder, is that still true?

Are you just bitter that someone would earn so much? Why are you being so snide and nasty to this person sharing their compensation? We all benefit from that.

> Are you just bitter that someone would earn so much?

…no?

Look, anyone who admits they’re working for fintech is fair-game for punch-upwards jokes, regardless of their total-comp. I’d be cracking jokes about their soulessness even if they said they were working for a minimum-wage job in the sector.

It’s only slightly less disgusting than admitting you work for the Trump Organisation or Scientology.

Where do you draw the line. Would you maintain such ire for someone that worked at, say, mastercard? Unarguably 'fintech', but almost everyone would agree that efficient global transaction networks provide a lot of utility..

> Where do you draw the line.

Arbitrarily and hypocritically. This is the internet, after all.

> punch-upwards

> minimum-wage job in the sector

I don't think that means what you think it means.

> Look, anyone who admits they’re working for fintech is fair-game

I'd love to take a few cracks at you! Nothing better than a good insult.

> punch-upwards jokes

> It’s only slightly less disgusting than admitting you work for the Trump Organisation or Scientology

Ah, damn, sorry. I understand your situation now. I won't make any jokes as that would be punching down. Morally, I simply can't.

Thanks for saying it:-)

Hey I’m UK based too. Those amounts are way higher then what I’m on, 60k. I’m curious about the type of companies paying such TC, do you have an email to chat more?

You can get above £100k fairly easily by working in finance or even just a profitable PLC in London (eg I know of Sainsburys offering that several years ago albeit for an EM role). Even if you don’t like investment banking or hedge funds, high street banks also pay well and have generous pension, annual leave etc.

Never seen £470k TC though!

Staff SWE at Google UK can get you to 400k+ (depending on stock grants / stock price gains).

This is nuts, Honestly good for you mate, I hope I can find similar offers.

I rarely see numbers like £470k in UK. Can you advise who is offering that type of package? Is it a FAANG?

it's probably a US-based FAANG pegged comp that they haven't done market adjustments for

FAANG in London is around £150-300k (for L4-6), very senior could be £500k+ though I suppose

Large American fintech company, this is for a Staff+ role

Would you mind sharing the companies since you're using a throwaway anyways?

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