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We all know that software engineers are highly paid. The downside here is that tech compensation can be incredibly hard to understand, filled with so many different components.

Need guidance on my career path - Leave for FAANG?

Senior Software Engineer at Taro Community profile pic
Senior Software Engineer at Taro Community

I have worked at two larger companies and two small startups (currently at one). I'm quite content with my current company and role, as I have ample opportunities for growth and a great work-life balance. However, the only factor that makes me contemplate leaving my current position is that I'm earning less than some of my peers. I'm not comparing myself to the exceptionally high-earning individuals; rather, I'm looking at other senior software engineers who are making around $400K in total compensation. Currently, I'm earning around $250K. It's important to note that I recognize my experience level is relatively young compared to those with 20-30 years of experience, as I have only 6 years of experience.

I want to think about the bigger picture and position myself in the best possible way for the future. When I discuss this with some of my peers, they suggest that I should work at a FAANG company at least once to attract recruiters from better companies. While I've always been drawn to roles with high visibility and a need for velocity, I've found that at larger companies, I tend to work at a slower pace with less visibility. However, if transitioning to a FAANG role is indeed the key to opening up new career opportunities, I'm willing to consider it.

Has anyone else faced a similar dilemma in their career? I would appreciate any insights or advice from individuals who have gone through a similar experience.

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Dealing with "This offer is the best we can do for this level"

Anonymous User at Taro Community profile pic
Anonymous User at Taro Community

Context:

  • Opportunity:- A month ago, I interviewed at a recently IPO'd startup for a senior SWE position and did well.
  • Uplevelling:- The interviews apparently went so well that they suggested I was a good fit for a staff SWE position on the team and made a verbal offer for that.
  • Subsequent Downlevelling:- The actual offer was delayed by 2-3 weeks only for the final offer to be a senior SWE offer.
  • Compenstion Issue:- The final offer is a bit (~10%) lower than all my current offers on all compensation components (cash, stock, sign on). Also, I'm still awaiting a couple of more offers that could be even better paying ones.
  • Recruiter Constraints:- The recruiter stated that this is the best offer they can do for the senior SWE level. This might be true given the ranges available on Glassdoor but I'm not too sure since there was only 1 data point available.
  • My Opinions:- I really liked the team, the manager and the kind of work for this opportunity. But I don't want to leave out on a meaningful amount of money being offered by other opportunities.

Questions:-

  • Assuming that the offer is genuinely at the top range, can I still attempt to negotiate given that the team believed I'm suitable for a staff SWE uplevelling?
  • If I should negotiate, how do I approach it given that they've stated it's the best they can do?
  • Do companies offer compensation beyond the high-senior SWE but below the low-staff SWE ranges to good candidates?
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Optimizing for career growth vs money.

Senior Software Engineer at N/A profile pic
Senior Software Engineer at N/A

Hey there 👋 For context, I quit a toxic job 2 months ago and I'm back in the job market.

I just finished an interview process with a company I really like, I think it checks almost all the boxes:

  • Company size (Series C)
  • Culture
  • I'll join the team that will be on the spotlight for the next 18 months -> My job will have a major impact.
  • I would be able to work on React Native if I decide to (I'm a frontend engineer w/ React expertise)
  • I think that I can reach staff level in about a year or two there.
  • People I interviewed with are superb.
  • Fully remote.

I expect to get an offer from them on Monday (I'm writing this on Thursday night). I know that because the recruiter called me today to touch base and to tell me that things went good! The problem with this company is that the salary is more on the lower side...but it's still on the range I have in mind.

The dilema is that I'm just starting to interview with other companies that pay 50% more, but finishing interviewing with them will take me at least two weeks...and the company I'm getting the offer from probably won't hold the offer for that long.

I have a few thoughts / concerns that I'd like you to help me sort out / discuss:

  • I'm thinking that it would be wise to optimize for career growth, I probably could get a better job if I manage to do great things in the company I'm getting the offer from. What do you think? The salary is not as high as the other companies, but it's good money. (FWIW, I live in a low-cost-of-living country)
  • I was hoping that I could negotiate a better salary with this company if I had other competing offers, but I got nothing, and I wouldn't get any other offer by next week. Do you have any tips about how to negotiate a better offer even when I don't have the leverage of a competing offer? I understand this might not be possible. I feel that I did a really good interview process though, so maybe I could use that as leverage.
  • I really like one of the "slow companies", but they've been just dead slow. I interviewed with their CTO and he said that they will kick off things immediately...but that hasn't happened. Should I ping him? I feel that they should be the ones making the next move, but I'm not 100% sold on that idea.
  • The other companies are just fine, honestly, their pay is what makes them more attractive.
  • Not sure if this is relevant or not, but I'm 36, I wonder if I should spend my 37-38s working for the company that pays less than the others while chasing career growth.
  • I have a good runway, so if don't end up with an offer from any of those companies, I'd be just fine for another 8-12 months.
  • I live in Latam, so it's hard to get 100k+ offers, it's not like I have a pool of options to choose from.

Thanks for reading! 😁

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