Boston has lagged behind Silicon Valley for total compensation and to a lesser degree it has lagged Seattle. Facebook is opening up a new Cambridge office this year to bring their headcount to ~600 up from 100. Amazon is also opening new offices hiring thousands more over the coming years. Both of these expansions will heavily lean toward engineering. Will these new offices spark a bidding war for strong technical talent causing a surge in total compensation for the Boston area?
Probably not
Boston surprisingly doesn't have a lot of great tech talent (due to all the awesome people moving out to the valley due to lack of big 4 jobs). What new offices mean is that a lot of people will move to the area. It will take a while for tc to catch up coz companies will get by offering a little raise on current lowish pay and tricking them on low cost of living (for people moving from outside).
TC is pretty good in metro Boston. I am not sure how far behind it has lagged. Do you have numbers? Last I looked at moving out west the increased comp would still not allow me to buy a similar house.
Define “pretty good”
200k TC as a mid to high level guy. Although our stock is down so probably going to be below that for a few years. At least with an RSU it's never underwater.
Are you worried that this is a huge bubble that is going to experience a deep downturn like 2001 all over again? It wasn’t that long ago that a TC of 140k with 120k base was pretty strong in the Boston area. Now that’s close to new grad territory. Things have been clearly outpacing inflation by a huge margin.
It does not look like we are in any sort of tech bubble right now, at least I do not see it. Tech companies are minting money despite paying these inflated salaries.
Right I am seeing local Amazon office paying 85-90K base at 2013 to 120K base in 2017 for new grad
What is the tc for TripAdvisor?
I hope so.