Finance v tech compensation comparison

Amazon
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Jan 13, 2020 94 Comments

I took an image of this google doc comparing IBD with tech, consulting, and a couple of other jobs.
IB tops all. How much would you guys agree with the numbers on this image?

Finance v tech compensation comparison

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TOP 94 Comments
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    • Apple
      TrjD37

      Go to company page Apple

      TrjD37
      This image doesn’t show that. The average investment banker with 10 YOE at a big firm isn’t making $700k. Maybe an above average one. Similarly the average software engineer isn’t L6/7 after 10 years the average software engineer never gets to L6/7
      Mar 10, 2020
    • Expedia Group / Product
      produxtBrah

      Go to company page Expedia Group Product

      produxtBrah
      I think you're mistaken.. The average banker, if they stay in banking, is absolutely making $700k or more 10 years in. That's probably the low end of what Director level bankers make (standard for that YOE).

      The real deal is when that banker becomes an MD and has a floor of like a mil a year.

      SWE growth is nowhere near as good as banking over the long term if you just stick it out vs overperform.
      Mar 10, 2020
  • Rakuten / Ops
    tooQ10

    Go to company page Rakuten Ops

    PRE
    Rakuten USA
    BIO
    Obligatory: YoE 20, TC 41k. Such is life for us non-SWE office monkeys!
    tooQ10
    In finance those numbers are for the BSDs only; ordinary office workers won't reach the first row in the chart even after 20 years' tenure.
    Jan 13, 2020 5
  • This is only for a subset of ppl... Not every gets staff engineer position and at the that timeline. I say screw the numbers and just live life bruh
    Jan 14, 2020 1
  • Airbnb
    sqNdsk

    Go to company page Airbnb

    sqNdsk
    * The 6+ yoe tech figures are off. 3rd year senior eng would make about 450K. Staff eng would start from 550 and go up to 600-800K depending on performance.
    * There’s some companies that will pay even more than FANG. Airbnb gives 300K offers to good L4s with 2 yoe and 450K offers to early L5s
    * This is not accounting for possible stock appreciation.
    * Many IB people do an MBA to progress, which sets you back by -200K in loans and -450K in lost income and delayed career progression in this spreadsheet.
    * The tech comp is at 50-60% of the hours worked in IBD with much better work flexibility, benefits and perks. Less hierarchy and ass kissing.
    * This means tech is 20-30% better raw earnings wise and 100%+ better in terms of hours worked.
    * Total no brainer at this point. Let’s just hope the tech gravy train keeps on giving. May not last forever. But what does?
    Mar 7, 2020 3
    • Airbnb
      sqNdsk

      Go to company page Airbnb

      sqNdsk
      Also true. Leetcode and systems design are far from being perfect interview screens, but are way more democratic, open, objective and meritocratic than resume screening for Ivy League degrees and old school bs behavioral interview questions which often end up being screens for how smooth or broey you are.
      Mar 7, 2020
    • Expedia Group / Product
      produxtBrah

      Go to company page Expedia Group Product

      produxtBrah
      mba is unnecessary in banking.. 99% of firms promote analysts if the stay. only necessary if you want a long-term buyside career or you want to switch out of banking whilst taking a mini vacation
      Mar 10, 2020
  • Your medicine/law #s are funny. That means the employers get paid during the first few years until the employee breaks even at year 7? I can get a tax write off on my w2!
    Jan 14, 2020 3