TC threads are quite boring. They just give a snapshot. I am curious about how everyone's TC changed over the years. I want to understand if the high TCs are all from 2018, or did they happen in 2017, 2016 and 2015 too. So, if you can, please post your TC as a graph over the years. If that's too much work, just post as text. I'll start with mine. Edit: To add more context, I'm struggling with deciding whether I should buy a $2M house, wondering if this bump in TC is temporary. Need more data points from the blind community. #money #tc #housing
I’d like to see a second data plot with “personal happiness”
True that. Money is not everything.
Are you sr staff?
Good idea ! Btw what do you do with all these money?
Save :/. No real expensive hobbies. Haven't bought a house either.
4 yrs ago my salary was 65k and now 215k . I got a house recently a little over million. No expensive hobbies but the house is my feel good about yourself factor. Why wont you buy a house? What are you saving for?
Do you really need 800k to afford a 2mil house? You could prob do it comfortable with 4-500k. Why not pay extra into the principal each month and you won’t have to worry about if you’ll make less in the future?
Random thoughts come into the mind: what if I want to join a startup. Would the TC there be enough to cover mortgage+expenses on a 2M home? But I agree that if I stay in LinkedIn or similar company, I can do it at 500k too.
No startup will pay you enough to cover a 2 million dollar mortgage.
40k (2016) - 55k (2017) - 70k (2018-Present). Not buying a home any time soon.
How'd you double your comp in two years?
I received a raise when I was converted from contractor to FTE and then during the last promo cycle I got another hefty raise. It was mostly level-setting, so I’m not expecting the same thing to happen again this cycle. A more typical promo on our team is 10%.
60,65,90,100,150,210,105,115,135,145,175,245
A lot of my friends who are Staff at LinkedIn saw their stock grants double in value after the Microsoft acquisition. They were making around 225k/yr in equity and suddenly that bumped to 400k/yr bumping their TC from 400k to 600k. The OP is probably in the same boat. @OP: you should easily have 1M for a down payment. Do that, and then monthly mortgage on a 2M+ home will be a paltry 7k/month. That's like < 90k/yr - I am pretty sure any job you do in the Bay Area can pay that mortgage.
Yeah, I'll likely put 500k down and get loan for the rest given the historical low rates. Will keep another 500k in liquid assets to prepay mortgage for any potential major changes in TC (job change etc)
2014-260 2016-370 2017-700 (changed jobs) 2018-500 (quit halfway thru year) 2019-expecting 400 or less The moral of the story is when you get a big pay bump, save your money and don’t get too comfortable. Anything can change—you can get reorg’d, you can get sick, one of your parents might need you.
800k?? Wtf
One additional factor: LinkedIn basically have bonus twice a year in 2018, since they were moving to Microsoft's financial year calender.
How many YoE?