UT Austin tells CS students "Jobs may not come from Meta, Twitter, or Amazon but from GM, Toyota, or Lockheed"
“Students are still getting multiple job offers,” said Brent Winkelman, chief of staff for the computer science department at UT Austin. “They just may not come from Meta, from Twitter or from Amazon. They’re going to come from places like G.M., Toyota or Lockheed.” https://www.nytimes.com/2022/12/06/technology/computer-students-tech-jobs-layoffs.html
NYTimes
better than zero, it is supply and demand, the reason big tech was paying high is because of competition for talents but now they are all bloated
Money printing and zero interest rates created a distorted view of the CS jobs market so much so that a 23 year old could start their careers with $200k. Demand >>>> Supply. In no sane world would that have continued forever. We are seeing the correction happen in real time now.
Some of those companies literally paid like 60k for software engineers before Covid.
And do you really think that a fresh grad brings more than 60K of value to a company? Mainly by asking stupid questions, like what is Jira? And why do we need it?
Some of these fresh grad internationals are so clueless they wouldn’t know to how write an address on an envelope, put a stamp on it and drop it in a mailbox. Trust me. They are so coddled at home and at the university. Welcome to adulting.
My return offer from a laboratory was 63k 🤢
A post doc who already has a PhD gets maybe 70K in a university research lab. Do you have a PhD?
No it was the naval nuke lab
I think people fail to understand how demeaning it is to be paid at a rate far below what can you reasonably survive on. As a wise man once said: “100K is the new 50K.” The recent shift in the market aside, companies are going to have to pony up the big bucks if they want FAANG talent that isn’t going to immediately rebound or leave for better waters. This applies more to scrubs like me without a degree or people coming from bootcamp. TC: 62K
MRM, it's supply and demand. When there are more job seekers than jobs, salaries drop. I have been through 3 recessions that have all played out the same way.
What mrm is saying is that these people will run back to west coast in a couple of years.
you will do nothing and you will be happy
So what? Instead of working on ads and distraction software, go work on something real world for a change
Coasting at a megacorp is way cooler though man /s
Big oil trying to stop progressing the world
When I finished my MS, the only job I could land was an internship that paid like $15/hr. I worked hard, skilled up, networked, and eventually got lucky. Your initial pay is not a huge indicator of how much you’ll make a few years from now — do your best to survive on what you have and focus on improving. You’ll shoot past many engineers and end up close enough to where you’re aiming for in terms of TC
^ this exactly. My first job was at a small tech company making basically $12/hr. Every two years I applied for a new job and got a 50%+ increase income each time. It definitely would have been easier if I got a higher paying job to begin with, but trajectory matters more. Just make sure you’re always moving up until you get to a place you’re comfortable at. Luck plays a large part as well.
The age of 250k new grad package is gone, new grads used to be happy to get like 60-80K offers just a few years ago, every bubble will burst at some point
So glad to hear this. Clueless mofos rejecting senior engineers over LC hards.
I'd rather be homeless than work for Lockheed
Because they pay less or their tech stack is 20 years old or both?
Both + ethical reasons (that do exist in Fang too but indirectly rather than directly)
Non tech companies are still hiring and were always there before covid too. They don't pay as well and it's why top students don't prefer them. Preference does not matter now since economy is bad.
Don’t pay well is an understatement. More like pays 50% as much as the FANGs
50% of 🥜 = 🥜