[neill]

The issue they are raising is specifically that, $380k standardized salary band, what role is this? That number seems unsustainable.

[htormey]

No. This is well paid but not out of the ordinary for someone working at a top tier tech company in NYC/SF Bay Area. Think Facebook, Apple, etc. see https://www.levels.fyi/ for levels and comparison.

Some of those companies are doing hiring freezes right now but many are not.

Salary bands are adjusted within the USA by zones where NYC/SF/Seattle are zone 1, zone 2 is 90% of base, zone 3 is 85%. With equity component staying the same.

Europe/Brazil/Canada are on a totally different lower pay scale.

[neill]

This is extremely out of the ordinary- Levels.fyi lists a salary of $224,000 for a Staff level SWE at Google

[rco8786]

Why? Because it’s higher than you’re used to seeing? You don’t even know what role that person was applying for. Is your position that 380k is just “too high”, period?

That number (or higher) has been the norm at a huge swath of stable and profitable tech companies for a decade+.

I am making an assumption that 380 is total comp and not base salary. I don’t believe that Coinbase is paying 380 base salary for any non-executive position.

[neill]

I asked what the role was in the comment you are replying to. Do you have data to back up the "huge swath" assertion? Certainly there are a few individual companies that have been able to provide specialized roles a $380k base salary, and companies who have been able to provide that and above on total comp thanks to an amazing run on equity value over the past 10 years. I don't think anyone is arguing that there are situations when this happens, that's not the point. It's irregular, it's naive to think that is the norm.

The OP specified salary- if they're referring to total comp, that'd be an important distinction for them to make in the future. Its anybodies guess what the actual value of equity in a total comp package will be a year from now. As an example, if you took a $380k TC package at Shopify 6 months ago and 40% of that was equity, it's now looking like $280k.

[itsoktocry]

>Why? Because it’s higher than you’re used to seeing? You don’t even know what role that person was applying for. Is your position that 380k is just “too high”, period?

Perhaps because the company lost half a billion dollars last quarter and is in a controversial space facing regulatory scrutiny?

>That number (or higher) has been the norm at a huge swath of stable and profitable tech companies for a decade+.

Yeah, stable and profitable.

[arcticbull]

Even if they were paying it as cash, it's likely $300K base + 25% bonus target = $375K.

That's not insane for a staff engineer. A little high, but not impossible at any big tech company.

[lumost]

6 figure wages were common for successful professionals in the 90s, why would you believe that inflation, economic growth, and increasing income inequality hasn’t driven comp to roughly 4x that for successful professionals over the last 30 years?

[kodah]

This is the average salary of someone Senior - Staff in the Bay area. Coinbase indexes on the Bay for salaries, as many other companies do.

[nemo44x]

It'a pretty typical for higher level engineer roles and senior director and above manager roles for people in high cost of living markets.

[mountainriver]

Nope this would be a standard band at staff+ level swe at a successful company

[lupire]

And they gave that number out before they assessed candidate level. But maybe that was recruiting BS as the pay for the max plausible level.

[jen20]

Usually positions are based on reqs rather than who walks through the door. The req will have a level attached, the level will have a salary band attached. I don’t understand what you’re trying to say here.

[bombcar]

It also lets the candidates talk about it even if they aren’t extended an offer - someone they mention it to might be the candidate the company is looking for.

[Infinitesimus]

380 isn't even close to the max possible level. If this was an Engineering role, that a mid level salary.

Your past experience can be a proxy for the role and level you're targeted for and thus, the comp target.

[htormey]

Well yeah, that’s what they think the candidates pay level will be. If the candidate doesn’t perform well in the interview they won’t get that offer.