Compensation at Visa

Visa
vLEj54

Go to company page Visa

vLEj54
Jun 11, 2021 64 Comments

Why is the compensation so damn poor at Visa? Who in the hierarchy is actually making money?
No stock options, mediocre bonus and subpar base salaries considering we are one of the top 20 most profitable companies in the list of Fortune 500.
It is so poor that everyday it makes me question my presence here, and so do many, many of whom I work with.
What is going on here?

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TOP 64 Comments
  • Visa
    oujV63

    Go to company page Visa

    oujV63
    Why did you join if you felt compensation was so damn poor?
    Jun 11, 2021 15
    • Visa
      vLEj54

      Go to company page Visa

      vLEj54
      OP
      It truly aches my heart that people are giving WLB and archaic tech as a reason for differential in pay. I personally showed up every single day to work to deliver as much I possibly could. And frankly we do have quite some very, very talented engineers who continue to deliver at high quality level. We do matter, our work does matter and not all us are here to work 20 hours per weeks. Most of the people I’ve worked with strive to give their all to go above and beyond. The leadership has clearly failed us. Not just by numbers, but by failing to change the image of our organization. If we were paid shit tons, would our work mean much more to the outside world? Well, this is seriously messed up.
      P.S it’s a perspective. No rants here. More so ideological debate.
      Jun 13, 2021
    • Thanks for the info all. What is the typical pay package for TPM/PM with 5yoe in other cities like Austin
      Jul 31, 2021
  • Apple
    llpy55

    Go to company page Apple

    llpy55
    They interviewed me knowing i was in AAPL and making a descent TC. The topic of TC never came up and i did not bring it up by my sef because i thought they are going to beat it - else why waste each other time in interview.

    I cleared all the rounds and HR came up with an offer which was 50% less than my APPL TC. I revealed my TC to her for the first time and she was shocked. I did not hear back from her.

    Why do you even waste time interviewing FAANG candidates if you cannot afford them? Or atleast have the TC discussion first if you are doubtful you can match them!!
    Jun 11, 2021 4
    • Apple
      llpy55

      Go to company page Apple

      llpy55
      Lol! Damn the autocorrect! Yeah its a huge waste of time. I was trying to be respectful of them by not asking if they could match my TC - but looks like they are cheap .
      Jun 11, 2021
    • Pure Storage / R&D
      EngSw123

      Go to company page Pure Storage R&D

      EngSw123
      Companies in California cannot legally ask your current TC. You should have known that Visa will not be able to match your TC. Most non-FAANG companies cannot and need not match these high TCs. Not everyone needs FAANG caliber engineers. I would think not every FAANG job needs FAANG caliber engineers.

      I have seen FAANG engineers move to non-FAANG companies (lower tier) for lower TC due to better WLB. Depending on one's personal situation, WLB could be more important than TC. Recruiters have no way of knowing your personal situation and priorities before the interview.
      Jun 11, 2021
  • New
    nzeK37

    Go to company page New

    nzeK37
    Why do they pay so low? Because they can. People are still joining them. Even though that won’t attract the best talent, they really don’t need that to survive as a business. The reality is that visa is a mature, established, legacy player that doesn’t make most of their money through innovation. They just need to hire ok people to keep the lights on. If they all of a sudden spend a ton more on hiring the best talent, their investors would be really pissed cause their investors are looking more for a good deal to generate steady income/dividends as opposed to growth, in which case, you’d just invest in stuff like big tech or smaller tech startups. Also Visa is competing with other finance firms, not tech firms, so they don’t need to pay that much. Also, that whole “we are actually a tech firm BS”? Yeah, everyone says that, it’s a popular recruiting marketing tactic these days cause everyone desperately wants a piece of the pie to be in tech. Believe it or not, your leadership and management actually gets it. They’re making smart, rational decisions based on market supply/demand and competitive factors.
    Jun 11, 2021 7
  • Twilio
    iebrydhen

    Go to company page Twilio

    iebrydhen
    How much does a Visa Director make?
    Jun 11, 2021 7
    • Visa
      MsrA10

      Go to company page Visa

      MsrA10
      Also, you could be getting stock options. You just didn’t. For your level, the top half gets stock during annual review.
      Jun 11, 2021
    • Visa
      dingus 🙇

      Go to company page Visa

      BIO
      .
      dingus 🙇
      Average range of 200 to 250 tc for a director in bay area. But also, there is title inflation. A director role at visa is equivalent to an engineering manager elsewhere.
      Jun 12, 2021
  • Visa is not a tech company, just like GS,JP Morgan, Capital One, BlackRock
    Jun 11, 2021 3
    • Visa
      vLEj54

      Go to company page Visa

      vLEj54
      OP
      Uber R&D, bruh, missing the point again. Stop corrupting the threads.
      Jun 11, 2021
    • Visa
      vLEj54

      Go to company page Visa

      vLEj54
      OP
      Precisely why I am not looking for obvious answers. Also, majority of talent working at Visa are not working on its “core business” of visanet. Humble yourself down kid
      Jun 11, 2021