From what I hear entry level engineers are making 170K in TC. Good engineers with 10 years experience have TC of 350K. This was not the case 15 years ago. Salaries have gone up way higher than inflation. Google had to solve hard problems 15 years ago if not harder. What changed in last 15 years that justifies these salaries ? Being a software engineer I should not be complaining about high salaries, however if this is a bubble which is going to bust, I want to be prepared. Companies most likely will nor cut base pay but may cut bonuses and RSUs.
Nope. Tech companies make billions. So engineers should get paid well. 350k in bay area gives you a quality of life like making 90k in Atlanta. So its all relative.
^ truth
Is that true? Wife and I were contemplating a move to Bay Area. We make ~300k in Atlanta. I didn’t think it would have to be that big a multiplier put west to be equivalent.
The rate of job growth in software engineering currently exceeds the availability of qualified applicants.
The bubble will burst and salaries come down if companies start realizing that leetcode style interviews are bullshit and talent shortage is a myth caused by leetcode style interviews. So, if you want to keep your salary inflated, you have to ask leetcode hard problems and complain to management about talent shortage.
I got an LC hard when I did my MS onsite a few weeks ago as a new grad...
Did u get an offer from MS ?
No :(
Jeez, I chose the wrong career. Just kidding, not smart enough to be an engineer. Hey, if you can pull that kinda salary more power to you.
The problem is that there are too many tech companies (some of them very large companies) packed into the bay area and Seattle.
Not everyone is making like what you see on Blind.
Demand for software engineers will continue until the things software engineers routinely do start to be automated (through ML most likely), and then the work for humans will shift — as it has in many other industries — to the higher-value less-easily automated tasks (but fewer net jobs). Supply seems unlikely to increase suddenly relative to demand. If anything, US supply is decreased by H1B and other other policies hostile to immigration. As others noted, some companies make large profits relative to headcount, which enables them to pay more for top talent. All those factors together imply that median pay and variance (and min-max spread per level) will all increase for many more years (in aggregate; demand and supply both fluctuate some).
These companies pay a lot and yet save a ton of cash in the bank. They should pay more.
Supply of highly skilled engineers is extremely low In bay area and Seattle. That is why salaries keep raising to attract more talent here. This is not a issue at other countries like China or Europe where there are enough tech workers but not as many jobs
Supply is higher than what it was 15 years ago isn't it ? Is it that demand has surpassed increase in supply ?
Not good supply. Source - can’t pass onsites at most of those companies