Looks like new grads these days get a base of $110k+, 150k to 250k worth of RSUs vesting over 4 years, eligible to at least 10% bonus and in many cases, a sign on bonus of 50k+. That brings a TC of more than $200k for the very first year!!! Look, I'm not jaleous. That's great. But c'mon that's just insane and a bubble waiting to burst. Curious also to know if your company is doing anything to adjust the TC of folks that joined 3 or 4 years ago that don't even get that kind of TC.
Rumors tend be overinflated. Some exceptions definitely, but in this case I believe , disproportionate smoke for a small fire.
Well, I should have mentioned that Tableau (in Seattle) extends that kind of offer to new grads (minus the sign on bonus but with RSUs on the higher side of the range I mentioned).
? Tableau is a publicly traded company
Yes
From what I’ve seen most of the new grads getting these comps are crazy good though. Way better than the people getting higher comp at new grad level 5-10yrs ago. But it does make me jealous that I didn’t get that right out of college. I could have saved so much more money by now.
You mean better at leetcode? That's cuz it didn't exist 5-10 yrs ago
That and dozens of other resources because of tech/web older folks never had. Face it every decades new grads will be better then the lasts when they first started (on average).
How about the other industry folks? People were getting minimum wage of $8 five year ago. Average raise of 50 cent to a dollar brought then barely close to minimum wage new hires get now. Thats how life is. Cant go back. Cant compete with new gen. Current grad will be in your situation 5 years from now. So just relax and be happy. You have moreeeeee than enough compared to billions of other people.
These offers are for engineers. If you got paid minimum wage as an engineer you are an idiot.
Just an example dude
so? change you job, you will get large pkg again
It is market. It is FAIR
Facebook AI Research?
Dude look at the fucking market cap of the big companies compared to 5 years back. Their combined value has gone up by multiple trillion dollars and you are saying $200k new grad is great. It is chump change for these companies to continue their monopoly
This is top hires with multiple competing offers. Default Google/Facebook will be $140-150, Amazon/Microsoft will be $120-130
Yeah those offers are for top incoming performers. They've paid off before so companies continue to battle for them. Instead of complaining make yourself a top performer. No one complains when Wall Street kids get this much.
FYI, Amazon new grad offer is now 145 total comp.
Its not about any of those shit rather philosophy .. some companies want young people out of college so they pay them lot of money.. they harness their energy and drive.. some companies prefer average age to be 45 so they pay peanuts to freshers(or dont hire them much)
I wouldn’t say Google new grads are energetic. Except the APMs
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It’s not that every company in Bay Area is offering this much. Only handful few companies. And considering the insane cost living in Bay Area, TC is not insane I would say.
Those handful companies hires tens of thousands of ppl
It’s absolutely insane and you’re crazy spoiled if you think otherwise.