What It Took To Become An $800,000 Engineer

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10 ай бұрын

Over 4.5 years at Meta (Facebook), my total compensation doubled from $400,000 to $800,000. This video breaks down exactly how that happened, along with the outcome of every performance review.
There's a lot that I ended up cutting from this video to keep it a reasonable length. Join me for a live session where I'll share more details and take questions: www.jointaro.com/event/how-ra...
➤ Compensation terminology: • This Is Why FAANG Engi...
➤ How Meta conducts performance reviews: www.promotions.fyi/company/me...
➤ The story behind the tool I built which led to the promotion + Additional Equity (AE): www.jointaro.com/lesson/qvp2q...
☀️ Accelerate your career growth: joinTaro.com
📱 Get your AI career coach on iOS: apps.apple.com/us/app/tcg-lea...
📱 Get your AI career coach on Android: play.google.com/store/apps/de...
💌 Learn how companies evaluate and promote: www.promotions.fyi
➤ Connect with Alex: / alexander-chiou
Hi! I’m Rahul, a software engineer and founder with a passion for teaching.
📹 KZfaq: / rahulpandeyrkp
📝 LinkedIn: / rpandey1234
🐦 Twitter: / rpandey1234
📸 Instagram: / rpandey1234
📂 Github: github.com/rpandey1234/

Пікірлер: 429

@RahulPandeyrkp 10 ай бұрын

I ended up cutting a lot from this video to keep it a reasonable length. Join me for a live session where I'll share more details and take questions: www.jointaro.com/event/how-rahuls-compensation-went-from-dollar400k-to-dollar800k-at-meta/

@i_youtube_ 10 ай бұрын

We need success stories from Netflix engineers?

@ZaidAhmad-rp1ro 10 ай бұрын

@@i_youtube_ThePrimeTime on YT

@zesanurrahman6778 9 ай бұрын

epic

@FilmsByjoshh 9 ай бұрын

how old are you if you don't mind me asking?

@digital42082 9 ай бұрын

How many hours were you working on average per day at Meta

@NeetCode 10 ай бұрын

This was really insightful! Thanks for being so transparent Rahul

@RahulPandeyrkp 10 ай бұрын

Thanks Navi!

@Speekies 9 ай бұрын

Legend.

@loveanimals-0197 9 ай бұрын

LOL. This guy was working at something called the Meta Portal team, which is now defunct. And he got laid off in Jan 2022. This is one way to spin what happened to you when you're not even at Meta anymore. 😂 Do people actually fall for idiots like this starting their own "career development" company.

@the_god_killah 8 ай бұрын

@@loveanimals-0197source?

@angelazhang3393 6 ай бұрын

Why does it matter if he's not at Meta anymore? That's tremendous achievement in the 5 years he did work there. Your accomplishments don't disappear regardless of what happens in the future. (Unless you're dishonest like Theranos.)

@emmanuelkofyagyapong6382 10 ай бұрын

It's the best video out there, man. I remember you saying that a staff engineer is not evaluated by IQ but by work done and willingness to learn. It stricks me to these days.

@RahulPandeyrkp 10 ай бұрын

Hoping the transparency can be helpful!

@DroolRockworm 4 ай бұрын

“Stricks” you yeah sure this one’s going far

@emmanuelkofyagyapong6382 4 ай бұрын

@@DroolRockworm **strikes me**. Apology.

@muneebzubair5069 9 ай бұрын

Summary/Notes: 1. You need continuity to get to very senior levels 2. You don't need to be a genius to grow your career 3. Understand how equity works. Equity can give 3x more income than salary 🎉cool❤ transparency. Learnt alot. Love from Pakistan 🇵🇰 🇮🇳 🇺🇸

@tamasbalint1597 10 ай бұрын

Thank you Rahul for this insightful video of yours. Truly the best I have watched about compensation. What I loved the most is how you still focused on career growth instead of "just" sharing the numbers. This is what we can all learn from. Looking forward to your live session.

@RahulPandeyrkp 10 ай бұрын

Really appreciate that Tamas! Glad to have you in Taro Premium :)

@ItsMeIshir 8 ай бұрын

Thank you for making this video and sharing the key takeaways. Truly amazing to see the career growth.

@cody_codes_youtube 10 ай бұрын

I love the transparency! These videos are very insightful, and I plan on making more as well. NEVER got to this level though! 😹

@lemonadeintech 10 ай бұрын

This is a great video! So much value man.

@RahulPandeyrkp 10 ай бұрын

There's a lot that I ended up cutting from this video to keep it a reasonable length. Join me for a live session where I'll share more details and take questions: www.jointaro.com/event/how-rahuls-compensation-went-from-dollar400k-to-dollar800k-at-meta/

@gabrielfono844 10 ай бұрын

This is so amazing Thanks such amazing transparency

@Dremekeks 4 ай бұрын

Invaluable information, with excellent delivery and execution. Subscribed. Thank you!

@Neonb88 10 ай бұрын

What a boss, definitely looking out for more content from you

@yexiang5977 6 ай бұрын

Thank you for the quality content and wish you all the best !

@vidhi_bhatt 10 ай бұрын

Such a succint and insightful video. Thanks for sharing your journey Rahul!

@RahulPandeyrkp 10 ай бұрын

I'm glad it's helpful!

@janailtongoncalvesdesouza4160 8 ай бұрын

I think the most important part is: be happy for where you are. When you do that, you'll put the work and effort necessary to grow on that company and as a professional as well. Nice video! Congrats for your career!

@faganyusifli9039 10 ай бұрын

Thanks for the honest and insightful content!

@YouTryDie 10 ай бұрын

00:00 📊 Breakdown of compensation over years, reaching $800k TC. 00:28 💼 Video covers initial offer, performance reviews, and analysis. 02:06 🏢 Explanation of Facebook's performance evaluation and bonus structure. 03:14 🔍 Struggles adapting to Facebook culture, imposter syndrome. 05:18 🚀 First greatly exceeds expectation rating, equity refresh, and bonus. 07:10 🔝 Promotion to staff engineer, significant salary increase and equity grant. 08:05 📈 Compensation graph, reaching $800k TC. 08:21 🛤 Continuity important for growth; avoid excessive leetcode. 09:01 🧠 Growth doesn't require genius; grit, learning, and impact matter. 09:55 💰 Equity's role in wealth creation; understanding Equity terminology.

@Legnid 9 ай бұрын

Best comment

@user-hh8hx2xq9r Ай бұрын

This video was completely life-changing. Thank you so much!

@neilchen1494 10 ай бұрын

Thanks Rahul for the great video, this is so informational and inspiring!

@RahulPandeyrkp 10 ай бұрын

Thanks Neil!

@karanbhatia2834 10 ай бұрын

This video is a gold mine of information for software engineers ❤

@tungvuthanh5537 8 ай бұрын

This video is a bomb. thank you Rahul for the extremely detailed analysis

@s4ltokyo 10 ай бұрын

Very valuable video, thanks for all the useful content you've been putting out

@RahulPandeyrkp 10 ай бұрын

Glad to hear it!

@natedavidoff668 7 ай бұрын

Good on you man. I am surprised every time I hear someone successfully navigate the office politics of a company.

@mfiaz7719 10 ай бұрын

Rahul, You’re an inspiration. Thanks for in depth transparency. I’ve never seen someone to be this transparent, especially someone from South Asian community

@urbaneindiana3089 10 ай бұрын

It's not South Asia - its the Indian subcontinent

@CrackDataScience 9 ай бұрын

something bad = INDIAN something good = south asian. lol typical paxtani

@thedarkknight8225 8 ай бұрын

@@urbaneindiana3089what is the geographical difference

@Bombstark 6 ай бұрын

Thank you for making this video!

@SurajKumar-vi3ll 9 ай бұрын

you and Alex put 1.5 months of effort for creating this video up! Worth it.

@sidb596 4 ай бұрын

Really insightful, thank you!

@divyangvaidya9675 9 ай бұрын

So transparent. No arrogance even though he has a lot to be arrogant about. Good video. Could you also discuss resume and interview tips?

@michaellemmen 6 ай бұрын

He has nothing to be arrogant about

@divyangvaidya9675 6 ай бұрын

@@michaellemmenHe does so. $800,000 salary is no joke.

@lycan2494 5 ай бұрын

@@michaellemmen he has a A LOT to be arrogant about. 800k is insane

@ClarkPotter 5 ай бұрын

@@michaellemmenIf he's receiving $800k in comp, he's likely bringing in on the order of $2.4M for Meta. If providing $2+M PER YEAR in value isn't something worthy of being arrogant about, if you so chose, idk what is.

@TheLuminousOne 5 ай бұрын

What are you talking about; there's no place for arrogance in our society. Those who have it should grow up, it looks unsightly and weak.

@alex-shanghai 8 ай бұрын

Great video. Very inspiring! 👍

@kedarpandya1229 6 ай бұрын

Great video brother.

@rv38413 9 ай бұрын

You should also speak about managing equity vests and implication of holding equity in your company vs diversification 😊

@muhannadobeidat 4 ай бұрын

Thanks for sharing all of this. Rarely anyone does that.

@MichaelShao 7 ай бұрын

i think #2 of the "takeaways" can be aptly summarized as having a "growth mindset". Great video.

@spencjon4822 5 ай бұрын

Understanding what a performance review entails is super important. I've gotten screwed by a manager because I didn't track enough of my impact over the year and that shunted me down a level. Keep track of everything you do in a separate doc. It saved me from my managers's 'idea' of how I was doing and forced them to give me a higher rating because my manager had a Blindspot to all the work I do. Be proactive in your performance reviews, spend the mind numbing time to write the doc well. Most importantly, track your impact with proof.

@Meadejones 9 ай бұрын

You worked at a company that rewarded your efforts. If a boss gives employees more work and the employee accepts, 99% just means more work and no pay. If you have the ability to get bonuses/pay increases/stock every quarter then you are in such a rare situation. People say "no" since we know there is no increase on any compensation.

@goochipoochie 5 ай бұрын

Yeah exactly None of these tips works for any company other than the absolute best ones

@ayivugwekabemba 10 ай бұрын

Thank you so much for this video

@StarBoy-fc2bz 6 ай бұрын

Amazing Video!

@timerwentoff 10 ай бұрын

Thanks for your insights, especially about not job hopping (for compensation) every 2 years.

@RahulPandeyrkp 10 ай бұрын

This is one of the biggest barriers holding back engineers. Classic short-term vs long-term optimization.

@acecala3576 5 ай бұрын

Thanks for making such videos! It really does help. I have been working in tech in companies which don't provide RSU's and hence my salary has always been low. In tech for almost 14 years and I know I have lost lot of money while staying at these companies. I am a Sr. engineer with pay less than $200K and residing in California. Your explanation helps a lot. I always hated prepping for LC and would love to do some real work, but unfortunately LC is the only way to get into these big techs.

@JacobAuthier 10 ай бұрын

Thanks for the story!! :) Great job for you. Trying to hit SDE2 at Amazon, hopefully will be there soon!

@RahulPandeyrkp 10 ай бұрын

Best of luck with the Amazon promo! I've been learning a lot about Amazon performance reviews recently and it seem intense (so many peer reviews).

@doublegdog 10 ай бұрын

Yes I just hit SDE 2. The process is nuts and so thorougg!

@ReallyDru 9 ай бұрын

I’m tryna hit L5 rn hopefully before my 2 year mark 🤞🏽🤞🏽 I finally got a project wit L5 scope

@mansourazimi6650 5 ай бұрын

thank you Rahul love you thanks for share your valuable experience. really good video i wish one day i become like you 💗

@nunofigueira8691 4 ай бұрын

Thank you ver much to be very honest in this video. My respect to you.

@VijayKumar-dn4pz 10 ай бұрын

bohot badhiya Pandey ji! Shabaash! Lage raho!

@RahulPandeyrkp 10 ай бұрын

thank you 🙏

@_BestViralClips_ 5 ай бұрын

Hey Rahul, I loved the video! I think it would be really cool to for you to make a video about where you came from and your background in CS. Possibly showing how you would do your education differently or maybe you wouldn't at all. I think it could be a cool video to see your insights about CS! Thanks!

@TheBlackManMythLegend 10 ай бұрын

I watched Taro... What you are building with Alex it's huge. Bravo. I am not in the ~USA so I am not directly the target for FAang and already 38 senior android dev but great product.

@RahulPandeyrkp 10 ай бұрын

Appreciate that! We have tons of events, e.g. a paper reading group, that hopefully will be interesting even if you're not targeting a FAANG company. We want to be indispensable for *all* engineers :)

@YakoScarlet 10 ай бұрын

you're amazing thanks this really helps

@RahulPandeyrkp 10 ай бұрын

It's the kind of information I wish I had!

@melvin6228 10 ай бұрын

The US FAANG salaries are so insane. I’m sure a staff engineer in London wouldn’t make the same amount

@MikhailFederov 10 ай бұрын

London isn't a real place like the US.

@brandonalfaro42 10 ай бұрын

Huh?

@shachede6828 9 ай бұрын

Fam even in US faang he is on the upper end. Also how many top talent rate skill staff engineers are in London? It’s demand and supply. And he is meeting expectations

@ocelotl4655 9 ай бұрын

Cause MERICAAA fk yeahhh 🇺🇲🇺🇲🇺🇲😎😂

@alex-shanghai 8 ай бұрын

800k is at the very high end of staff eng pay range. I know many staff get paid at around 500-600k. And btw not all us office has the same pay. That guy is likely in the MPK office. 😅

@ritzenhauf 10 ай бұрын

I think you had an effective manager, to understand and achieve performance expectations

@RahulPandeyrkp 10 ай бұрын

I had 4 managers throughout my time at Meta, which is actually a lot less than most people I knew. Overall I was lucky with my bosses.

@user-oo3dy6kv3c 6 ай бұрын

Thank for your English! Also about information

@stephaniewang5810 8 ай бұрын

It will be very interesting and helpful if you can have a video talk about how your manager in FB rates your performance.

@fyfoh 9 ай бұрын

Well done. I have to run my own tech startup to get this kind of compensation. Getting this kind of compensation is very difficult if you don't work for a company that hands out equity very generously.

@user-bn9xy2on8i 6 ай бұрын

You bet he worked his ass off (He mentioned pulling extra hours over the first 6 months) and he obviously is a genius in his job. But the gist of it is: Follow your passions and put in the hard work. Make sure you get recognized and rewarded for it and you will be happy.

@amortalbeing 10 ай бұрын

fantastic talk. thanks a lot ❤

@jonassteinberg3779 6 ай бұрын

My man throwing down the paystubs. Boss right there.

@Pherecydes 9 ай бұрын

You got more offers in your job search prior to Meta than I've gotten in my entire career.

@mnchester 9 ай бұрын

Excellent video as always Rahul! Can you please do videos on growth stories from Google (L5 to L6 if possible)? Promotion is notoriously hard there. Thanks!

@kenjimiwa3739 6 ай бұрын

One thing you mention at 8:45 is that people waste time doing leetcode. You may have already been strong in this area from your CS background and abilities. Many people struggle with algorithms/data structures bc they don't use this skill too often on the job and therefore need to brush up before interviewing. This is not to say *only* do leetcode but it's typically a weak point for many and used on the interviewer side to fail candidates. Also thank you for sharing such honest and detailed information!

@jishnudesarkar 10 ай бұрын

You did your bachelor's and master's from Stanford! :D You and I must have a very different understanding of 'not a genius'. Great video though!

@RahulPandeyrkp 10 ай бұрын

It's very possible to *not* be a genius and go to Stanford!

@Danuxsy 5 ай бұрын

a lot of highly educated people are stupid in other ways, like all other homo sapien.

@Steven-zp8hf Ай бұрын

Man those are some senior executive level figures here in Australia. Well done

@takiemtam1 6 ай бұрын

you are so good, it's just took you a first few months to learn how to work at Facebook, I'm working at a trading company, my salary is just 200k but it took me over 6 months to learn what is happening here

@eudaimonian9473 10 ай бұрын

Good video but there's been a big regime change over the past 2-3 years so we shouldn't expect equity to continually rise as a rule, especially as the 'blitzscaling' playbook that a lot of tech companies used to grow bears fewer fruit with limited funding and more competition.

@info781 7 ай бұрын

Very cool video, it is nice to be rewarded with cash for efforts where you are not a commissioned sales person. Tech companies are so far ahead of every other company.

@Vlamm 10 ай бұрын

Great video, very enlighting indeed. What I find most interesting is that Meta seems to have a very clear framework for assessing performance and assigning rewards. I feel a lot of companies don’t really have this in place which causes ambiguity come performance review time. Question : can you recommend resources to plan career path at a data engineer (rather than SE) - also would be interesting to have your thoughts on the UK / Europe markets too.

@RahulPandeyrkp 10 ай бұрын

A lot of the advice we give to Software Engineers will apply directly to Data Engineers (we have a bunch of DEs in Taro). I'd recommend building relationships with the type of engineer you want to become, and figure out what kinds of opportunities and options are available in that domain.

@awseommarv 10 ай бұрын

Seeing some growth stories for engineers at Riot Games, Roblox, or even EA would be cool the hear

@RahulPandeyrkp 10 ай бұрын

thanks for the feedback!

@bitzplz 9 ай бұрын

I would love to hear more about compensation at different levels outside of big tech, we always hear about FAANG, and quite frankly, this will not be the reality for most engineers

@RahulPandeyrkp 9 ай бұрын

I'll talk about this in my talk on Oct 3!

@imheretosleep 5 ай бұрын

*Remember guys, no matter how hard you try part of your success is “luck”. So don’t even bother thinking you can follow someone’s step and expects to be in the same position. Also, the environment is a major factor as well.*

@miztamacondatrack 9 ай бұрын

I got a $250 bonus at Walmart during my performance review

@Philson 9 ай бұрын

Insane how you got those offers. I guess you need to live there for such opportunities.

@RahulPandeyrkp 9 ай бұрын

certainly helps to live in Silicon Valley, but more importantly you need the network

@mikekeenanphd 4 ай бұрын

As a shareholder, I find this compensation appalling. As an engineer, I find it aspirational!

@JShaker 6 ай бұрын

I'm not sure I completely agree with the takeaway that equity is the secret sauce to getting a better comp. If the stocks were all as cash instead, it's virtually the same thing. I think the takeaway is that good perf reviews will lead you to a much higher comp than where you start because there's a compounding effect when you chain high performance review after high performance review.

@J90JAM 9 ай бұрын

$800k is wild, I love it.

@untitled6981 7 ай бұрын

Last years downsizing across tech makes alot more sense now

@Danuxsy 5 ай бұрын

last year? it's happening now in 2024 still.

@yingkailee3768 10 ай бұрын

music makes me feel like i'm watching a movie recap and it somehow fits 😂

@amitabhstatton3236 10 ай бұрын

If you can last at Netflix, I'd want to know they increase their base salary to keep up with equity offerings.

@RahulPandeyrkp 9 ай бұрын

Netflix has an interesting compensation philosophy, would love to do a case study of someone there

@SuboptimalEng 10 ай бұрын

Everyone dunks on Zuck, but he was very empathetic to Meta's employees in 2020. Good on him. Also, this is the most insightful breakdown on tech salaries I've ever seen, really great video Rahul!

@RahulPandeyrkp 10 ай бұрын

Meta employees, by and large, were very happy during the pandemic with the company leadership. (Free money does that :P)

@charan775 10 ай бұрын

And then he fired so many people in 2023

@jaintango 10 ай бұрын

@@charan775 more to do with too much hiring in 2021 when Fed was printing free money and tech stocks were on a tear, many companies made that mistake

@geekwithabs 10 ай бұрын

Zuck does try really hard to fit in as a human. Almost makes us feel he is totally and completely human 😉

@Stoneface_ 9 ай бұрын

@@charan775well Meta wa struggling financially so sadly many were let go.

@shantanushekharsjunerft9783 10 ай бұрын

This was awesome! Thank you! I would also be interested in knowing how many hours you used to put outside of regular office hours and for how long you had to work outside of office hours to come up to speed. Did this change with time, like you didn’t have to put in so many hours. Any pointers on how to be more efficient at this process of learning a new/large code base?

@RahulPandeyrkp 10 ай бұрын

How to be efficient in a new/large codebase: kzfaq.info/get/bejne/o71zhraG1JmXY5s.html Masterclass about this: www.jointaro.com/lesson/iYpRj8XfyzCSaTYnce3y/masterclass-how-to-write-better-code-faster-as-a-software-engineer/

@RahulPandeyrkp 10 ай бұрын

I probably spent 50-60 hours / week for the first few years, but a lot less in the last year

@pawelgrad 10 ай бұрын

Unfortunately in Poland it's very uncommon to earn equity. Usually there is salary and annually bonus.

@info781 7 ай бұрын

That is why most of those big companies are in the USA.

@hello_dayana 10 ай бұрын

i want to hear from software engineers who have worked at startups like airbnb and uber in the early days OR they’re working in a unicorn start up right now

@RahulPandeyrkp 10 ай бұрын

I know a few people who were early at the tech darlings in the mid-2010s (Airbnb/Uber). But they may not want to share how rich they are :P I'll ask around

@livostersgaming 9 ай бұрын

I am a non IT person but i want my future in IT can u suggest me a specific roles i can focus on like data or cloud or cyber

@OKBYE0 10 ай бұрын

I am a fresher trying campus placements .... The coding interview pressure is very hectic

@kenjimiwa3739 6 ай бұрын

Would you say your six offers after Pinterest were mainly due to your leet code performance during interviews?

@illiaNP14 6 ай бұрын

Thank you for this helpful video❤, one question: Can a senior full-stack web developer make more than 400k a year?

@zuowang5185 5 ай бұрын

what do you think about paper money that might not reach IPO? It also might expire after 7 years? And employer can terminate you right before vesting? For example, Rippling is handing out equity like it's nothing

@pioneer7777777 8 ай бұрын

Is the Portal product considered a failure or success in the market for Meta?

@mg-ht9ir 8 ай бұрын

Hey plz reply.. Me im in an company which given me there already existing app which made in javascript to convert in all in kotlin Im just a fresher and I can't figure out is it good for me or not currently I'm performing the best I can but I'm not working on any production level app what should I do find a new job or learn.. Learning from last 3months

@Sanyu-Tumusiime 10 ай бұрын

yeah but most engineer we sell our equity and buy index funds with it as soon as it vests. so we're not multi millionoares even if we join uber or airbnb.

@jeswer9 10 ай бұрын

Hi Rahul, I'd like to see growth stories from engineers at Nvidia!

@RahulPandeyrkp 10 ай бұрын

Let me try to find someone, there are several NVIDIA engineers on Taro

@Domage96 9 ай бұрын

You say that you put in the extra hours. How many extra hours are you referring to?

@amitgota 6 ай бұрын

can you let us know something about databricks and it’s salary, structure equity etc.

@MichaelMerritt 9 ай бұрын

When you got the first 6 offers, what were your leetcoding skills at that time? That seems to be the roadblock for me. Take home projects I can relax and complete.

@RahulPandeyrkp 9 ай бұрын

I got pretty good at Leetcode. I got rejected from a few of the earlier companies, but for the most part I was able to meaningful progress on almost all problems I was asked.

@MichaelMerritt 9 ай бұрын

@@RahulPandeyrkp Appreciate you following up and for your transparency, thanks!

@PancakeTiger358 5 ай бұрын

Doesn’t hurt to have Stanford on that resume

@ThePandaGuitar 8 ай бұрын

The only thing it takes to get to that figure is a tech bubble and massive ZIRP liquidity.

@nacpatil 8 ай бұрын

and luck that company ipos!

@PelosiStockPortfolio 9 ай бұрын

You mention "putting in the hours" a few times as a key take away. How many extra hours were you putting in each week?

@RahulPandeyrkp 9 ай бұрын

Probably 50-60 hours/week for the first few years

@Divy91311 10 ай бұрын

Hey Rahul , really nice video! I was wondering if I could help you edit your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience .

@RahulPandeyrkp 10 ай бұрын

What improvements would you make?

@zunnorain-shah 10 ай бұрын

Can you mention or make a video on the tech stack you used during your time in facebook?

@RahulPandeyrkp 10 ай бұрын

I used a bunch of languages, at least including Java, Kotlin, Python, JavaScript, C++, Hack, and probably a few others as well :)

@RahulPandeyrkp 10 ай бұрын

I talk about learning new tech quickly here: www.linkedin.com/posts/rpandey1234_techcareergrowth-softwareengineering-learncoding-activity-6863289196363292672-deYx/

@zunnorain-shah 10 ай бұрын

@@RahulPandeyrkp love you bro! thank you for replying lol. Sure will check out ur link!!

@sean658 7 ай бұрын

I truly can’t even fathom making this amount of money. I would feel the biggest imposter syndrome and that I was expected to at least bring into the company my weight in salary which is a pretty lofty expectation and pressure(at least to those ignorant of these roles & responsibilities). Mad respect to all the people that are able land these coveted gigs.

@ramsyrama 6 ай бұрын

Believe in yourself

@Hamromerochannel 9 ай бұрын

With both stock market as well as meta not doing as good, do you think is the pay package still the same with tech industry?

@RahulPandeyrkp 9 ай бұрын

yes. In some ways, now is a great time to join a company if you think we'll return to the peaks of 2021 stock prices/valuations

@birch_tacos 9 ай бұрын

I was laid off as an E4..wonder if I can come back as E5 haha

@narbwow8168 4 ай бұрын

0:19 Great video, although I fundamentally disagree with how you're considering equity comp. As far as I'm concerned, when RSUs are granted, that is NOT comp. It counts as compensation when they're sold and the money hits your bank account. Tech stocks can be volatile, and if you leave the org you can't take the RSU's with you, so until they're vested and sold, you're counting your chickens before the eggs hatch, so to speak.

@pejpm 10 ай бұрын

Out of interest….do employers like Meta give any guidance on how to manage concentrated position risk? I’m also compensated with RSUs, however it’s much smaller % of overall comp. $800k TC is obviously great overall, but the reality is you have an enormous amount of single stock risk there considering the relatively low base salary.

@pioneer7777777 8 ай бұрын

That's a great point, especially considering those Meta shares saw a peak to trough loss of 75% from 2021 to 2022. Add on the fact that he's at the 37% federal rate and 10% California rates, he potentially could have netted far less if he sold his stock positions at the wrong times, in addition to paying in hundreds of thousands in income tax over the years.