Levels.fyi mid-year TC report is out
https://www.levels.fyi/blog/2023-mid-year-report.html My quick takes: - By engineering specialty: AR/VR is surprisingly the leader in TC, Blockchain TC is down dramatically - A program manager (TPM) on average makes more than software engineers - Databricks leads the TC charts at the 3 levels most people will work in: entry, level 2 and senior levels. I'm surprised to see Coupang pay so much (#4) at senior levels, but others are all in line with expectations. - At staff level, OpenAI is the clear leader with $925K ... with Broadcom being a surprise #2 at $786K. - At principal level, Facebook is at the top of the TC chats at $978K. Twitter is a surprise #5 at $807K. - Surprisingly Google doesn't show up in any of the top TC lists this year, at any level. Neither do Apple and Amazon btw, but Google's a surprise (to me at least). In fact, almost all the FAANGMULA companies are pretty much all missing from the list, exception being Netflix of course at various levels and LinkedIn only at entry-level.
Levels.fyi
Google isn’t known for high TC anymore.
It never was. Even 5 years ago.
Stripe, Plaid, and DB pay very well, but to be clear, most of it is through private stock whose valuations may not reflect its fair value. So I would take these numbers with a grain of salt.
some reflects fairer value than others, databricks raised at 38b valuation with 600m arr. It has already doubled by now and has the potential to ride the ai wave
Tbh, databricks was founded almost 10 years ago. Anyone who joined there initially has had their grants expired now. Not defending shit pay of other cos but like our co, i would take databricks with a grain of salt. They might not IPO even some years down the line.
Nobody’s grants have expired
DB gives RSUs, can RSUs expire??
There's something wrong with the TPM datapoint that they make more than swe. There's no tech company where that's true.
I think L5+ databricks engineers won't bother to respond to the survey and hence no data points
Does coupang pay well
Databricks pays the most, but their equity is private.
Most generous with paper money.