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Comment by achow | Hacker News Reader

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achow·

Yeah weird

PRODUCT MANAGEMENT VP | META PLATFORMS, INC. | $248768.00

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Base, without equity

That's still low, that's an E7/M2 salary, VP is at least three levels higher (D1, D2, VP1).

Non-engineering roles at Meta have different salary bands and RSU comp per level than engineering ones (usually less and sometimes a lot less).

Product managers for Meta have similar pay range than eng.

Good tech companies pay employees higher than what is listed in the filing, they just don't want to divulge how much they're paying in public records. This is totally fine, there is nothing illegal about paying more.

Mediocre companies (or good startups who aren't considering this stuff too deeply) file with the exact salary.

Scam companies pay below what they filed (illegal).

So they're submitting false filings, you say? You know this how?

This is guaranteed money. I'm sure you've heard of appearance and performance fees in sports

Even the salary component is higher than what the filings say.

Yes, but there is nothing wrong with that! There is nothing wrong in committing to pay $200K but actually paying $250K.

They report actual pay to the IRS.

There is an important caveat here. H1B filings only includes guaranteed compensation, which is your base salary. Stocks and bonuses are not included here. That’s why you’ll see data points like Meta paying 200k for a VP level H1B. I reality they are absolutely not underpaying H1Bs at VP level and the person is printing millions a year.

This stat likely includes just base salary and not stock compensation.

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