I have been working for over 17 years, and have had decent career / financial growth. I have saved about 250k and have about the same amount left to pay off in my mortgage. Have done a good job at work and been the top engineer of my team wherever I worked.
I feel I am no longer motivated to work the same way and looking for something exciting. I am not sure another job in a FAANG company is going to make a substantial difference in my pay/quality of work. I get paid ~220k. Is it worth moving to another company so that I can pay off my mortgage sooner and be free to go after something exciting? Heard companies like Netflix and FB pay lot more and have exciting work. Is it true that Netflix/FB engineers get paid 450k? Glassdoor couldn’t help much.
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And yes L5 at G or L6 at fb can make half million a year.
Still low for someone who's been in tech 17 years, of course.
As an even bigger outlier, I personally know someone that just got a ~1.5M refresher RSU grant a few months ago.
Get rich by these methods:
1. Entrepreneurship (doesn’t have to be tech) father does import/export and clears $4 million annually. His “TC” was already $1m at 29. Anecdotal evidence but many get rich in business.
2. Sales, mainly high ticket items like expensive software or things like MRI machines, Ships/Yachts, Planes, etc. commission let’s you clear $1m easily.
3. Investment banking (not recommended): yes tech tc is decent but banking salaries soar past $1m for mid level management (they call it Vice President in banking) and easily $5m-$50m+ for Managing Director). I put this career last because it’s not really an efficient way you sell your soul by putting in insane hours for the paycheck.
A good SDE can get into FAANG. Someone with similar skill level can clear $1m in tc in sales. If not that much, approaching that amount.