It is fintech, it has good products and big user base, but why the pay for their engineers is so low
That’s why there are tiers
How do I know the tier of a startup? All fin tech startups think they are the best
Search on blind. Here’s one: Check out this post! "Tier rankings for the tech companies (Tech Industry)" https://us.teamblind.com/s/GhYq3VT7 Also https://www.levels.fyi/company/Intuit/salaries/Software-Engineer/ . Senior looks like ~$250k, which is probably tier 4 or lower. Top tier is at minimum $350k, but more like $450k
It might be FinTech but it’s like the Oracle or IBM of FinTech. They make all their money from lobbying the shit out of the government to keep taxes complicated.
This is a tired and short sighted perception. But let’s indulge for a moment and play this out. Let’s say next year, the government is able to do your taxes for you and simply sends you a tax return. Do you really trust the government to do taxes well enough and fairly with no additional effort needed from its constituents? Or will you have some inkling of doubt enough to want to double check everything to make sure you don’t over pay your taxes? If it’s the latter, then you will need something or someone to help maximize your tax savings in which case you will need tax software or services of some kind.
You know I would give Intuit credit there, but it really doesn’t handle complicated tax scenarios well at all. I had backdoor Roth, and had to deal with a multi state return and it was a huge pain to do, in terms of the time spent it would have been far better to just pay someone. I’m confident that I did things wrong in my return with TurboTax this year. The post is that regular people with just basic income and maybe investments don’t need TurboTax. For complicated scenarios sure they can use software or pay an accountant. Another thing Intuit did is they petitioned the IRS to not create their own free tax filing software by saying that they would offer a free tier. Intuit intentionally hurt the SEO of their free tier so that users would find one of the paid options and pay for that. There’s actual evidence of this with their robots.txt file [1]. To be fair it’s not just Intuit, H&R Block is also guilty of this. Then there was actually a competitor that was completely free, Credit Karma. But then Intuit acquired them, so who knows what’s going to happen to that. https://www.propublica.org/article/turbotax-deliberately-hides-its-free-file-page-from-search-engines
Not really a traditional fintech but it’s a shittier company
Government pay is historically low
Intuit pays beeter than majority of top tech companies, don't compare it with new startups and the number obvious FAANG. Atleast in India, it pays a salary comparable even to faang. Mention your current tc, and role and then we will see if it's low. People take into account insane stock appreciation now a days
Only way this could happen realistically is if Intuit is bringing you in at a higher level. But at the same level they do not compete with FB and G.
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How low is so low?
What low is low?