Do not let employer set a TC cap for you, grab whatever you can. Every one should target $0.5M 5 years into career.
Do not get blinded by your employers. They are trying to bring in culture/vision/mission to reduce management cost. One example, the performance review plays an important role in systematic mitigation of TC inflation. An employee in SWE world could go for $0.5M about 5 years into their career and $1M after about 10 years. If you do not pursue it, it goes into big hand's pocket. YOE: 4 TC: 0.4M #engineering #software #swe
7 yoe, L4, TC $280k How do I catch up? Is it too late for me?
This is what people have been saying the past 10 years lol
delusion is an illness.
OP is delusional. 500k+ is for L6+ at FAANG and equivalence at other high techs like snap, airbnb... A lucky ipo or stock appreciation doesnt count. Not everyone at FAANG can get to L6+, the terminal level is L5. Furthermore, most people cant even get into a good tech company.
Number and stats makes sense. The key is to pursue/target it because it is possible, instead of giving up.
I think you are looking at survival bias. Most of people in my friend circle (or yours) will get 500k sooner or later, but that's definitely not common and shouldnt be the target for others. If you have ambition and skills, sure go for it. But I guess that would apply to 5% or less (stat pulled out of my ass).
TC or GTFO?
Sorry bro. Added