Levels.fyi shows the senior software engineer at netflix base pay Is 500k. Stock and bonus not listed. Sure TC is about right as other tech but how base is that big ? I do see they have only 2 levels though new college grad and the senior. So we missing on data inputs and this could be only for big shot in company? If netflix employees can comment
Yoe 6
Tc 250k
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Levels.fyi - Compare career levels across companies
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So, if the options had a strike price of $500, when the stock price is $500 or less, the options are worth $0, and you've lost money.
If the options are between $501 and $699, you've still lost money.
At $700 you break even. At $900 you double your money, at $1100 you triple your money, etc.
The median for senior software engineers (what they traditionally only hired) is around 550k.
Both are all cash.