Hi all, I've been a part of the Blind community for a while now and I am amazed at all of thr TCs. I am curious, why is there not as high of a pay in the health industry? Do you think this will change in the near future because of COVID? TC: 150 #health #healthcare #amazon #google #FAANG #Pandemic #covid19 #covid #microsoft #wellness #money #tc
Tech/SDE is a profit center in tech companies and they make most of their money there, so they invest in that. Tech/SDE is a cost center in healthcare and that's not where they make most of their money.
Science is the profit center in biotech though and even that is not paid well Because of huge oversupply and low demand and low margins in general given how long stuff takes and how unlikely it is to result in a sellable product
Ughh you expect single minded TC obsessed Tech people to understand this now??
Is there any high TC alternative than clinical work for MDs?
-> very high capital investment costs -> highly regulated -> for established companies: little to no equity exposure below the ~Director level + even with equity, really need to be C-suite / VP level to get meaningful grants (which are still less than tech in magnitude) + lower equity growth vis-a-vis the absolute bull run that tech has had in ~8 years or so Only real way of making the same is probably joining a well-capitalised genomics, bioinformatics or med device startup that a) comps ICs well and b) is growing like gangbusters
Any genomics companies you would recommend?
+1 to company recommendations. I think we’re still early and there’s yet to be tech-first genomics firms as opposed to the ones that are already large and public. Color might be an ok option on the consumer side.
Same. Astrazeneca matched my Salesforce offer. Matched as in, 5 percent lower salary for Maryland vs San Francisco.
Title?
Do you mean health focused software? Because there is /some/ money in there. If you mean health industry in general, doctors make bank, and so do biomedical engineers, to an extent.
What are recent offers from oscar like for senior swe?
SWEs in tech will make more than BMEs at almost any level of experience, and with very significant differences in the early years.
I'm confused by this. Has OP heard of a doctor? Good job.
Not including doctors. Sorry. I mean more so without 10000 years of school and $500k of debt
If you look, a major part of the TC is the stocks, base pay is more or less avg. The stocks are the differentiating factor most of the times in tech, barring few exceptions.
150k and you are complaning? 🤔
You must be new here
I know most brag about their TC here. 500k. 600k etc.
@OP yoe and position?
Regulatory compliance and capital costs eat up a lot of the profit (tech doesn’t really have to deal with this as much, so more money can be passed on to the employees)
Pffffttt a lot of industries don’t have reg compliance. Tech is the exception in terms of salary, across the board
Tech has massive scale advantages. If one developer can build a feature on platform that has 200mil users that benefit... That's in a nut shell the reason