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Link to the entire article is here https://techcrunch.com/2016/12/02/what-interns-and-new-grads-really-get-paid-at-top-tech-companies/
Internship and New Grad compensation at Tech companies revealed vol. 1 reason for Bay Area housing m
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You are VERY concerned about other people's pockets, my g.
RustyShackleford
Supporter
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- Jul 20, 2009
People at the top of their field get compensated well. Ok famb, so what?
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- Feb 2, 2014
damn. pinterest interns out there flourishing
good for them. bad for the bay area
good for them. bad for the bay area
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I'm not seeing any of that at my job 
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Seems reasonable those companies are hiring some smart people that a logging crazy hours.
heatpinoyboy
Supporter
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Insane at times even. These are top of the line software developers and computer science savants. Kudos for them but this lifestyle aint for everyone
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- Oct 14, 2005
Goldman Sachs 1st year analyst bonus seems a little low 
Going forward though GS or any Investment bank will have a hard time recruiting considering the fact that Facebook is paying 200k + for new grads. Also, that stock (based on the assumption that it will continue to rise) will even further push all-in pay.
You kids in undergrad, get you a 4.0 and go for these tech companies !
Going forward though GS or any Investment bank will have a hard time recruiting considering the fact that Facebook is paying 200k + for new grads. Also, that stock (based on the assumption that it will continue to rise) will even further push all-in pay.
You kids in undergrad, get you a 4.0 and go for these tech companies !
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- 4,150
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- Oct 30, 2009
Goldman Sachs 1st year analyst bonus seems a little low
Going forward though GS or any Investment bank will have a hard time recruiting considering the fact that Facebook is paying 200k + for new grads. Also, that stock (based on the assumption that it will continue to rise) will even further push all-in pay.
You kids in undergrad, get you a 4.0 and go for these tech companies !
I don't know much about undergrad, but I know for MBAs, banks are competing by paying back people's loans and increasing their pay.
antidope
Supporter
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- Jan 2, 2012
I've been saying this for years now. Wall Street has gotten the bad rap for egregious compensation but silicon Valley is right there, but the crazy media spin is never there.
Also hate the terms Wall Street and silicon Valley. Buzz word nonsense.
Also hate the terms Wall Street and silicon Valley. Buzz word nonsense.
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I think it WS' bad rep has more to do with the multiple recessions caused by sheer greed and the complete lack of accountability in multiple instances where bankers and traders were caught doing something illegal, but what do I know?
antidope
Supporter
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I am solely talking about the idea of the compensation. But ok man.
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good money.
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Smart people go to finance/consulting/tech and get paid well
No surprise there -- start your career at reputable places, build your skills, and flourish forever
No surprise there -- start your career at reputable places, build your skills, and flourish forever
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Pocket Watcher
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As a CS Student..this is great
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And you're shocked because? It's why busting your *** in HS and undergrad is worth it. I have friends who are under 30 and make about 500k because of that hard work. But it also depends on what you want in life.
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Good for them. They deserve it.
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After cost of living in Bay area is taken into account, these wages aren't that lucrative.
My good friend works in and lives in Oakland ("cheaper " for bay area), lives in rent controlled area and splits a 800 square foot 2 bedroom for 3k/month not including utilities.
He graduated from ivy league and he makes 105k/year and doesn't spend lavishly, he saves up 1k/month.
Compared to 99% of the US the numbers look crazy, but the bay area is its own world
My good friend works in and lives in Oakland ("cheaper " for bay area), lives in rent controlled area and splits a 800 square foot 2 bedroom for 3k/month not including utilities.
He graduated from ivy league and he makes 105k/year and doesn't spend lavishly, he saves up 1k/month.
Compared to 99% of the US the numbers look crazy, but the bay area is its own world
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how he makin 105 k a year and only save a grand a month?
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Exactly. Input those numbers into a cost of living calculator. That 110k in the bay is like 60k in most ither US cities
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$105k gross annual salary = $8750 gross per month = $5700 after 35% tax rate
Bay Area's COL is ridiculously high, so the #s make sense.
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Damn, glad I aint in Cali. Thats too much bread out my pockets. Ill just stay here in Fl where i pay no state taxes.
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You could live like a king in Pittsburgh w/ that kind of salary. Wonder if the cats over at Google Pittsburgh make that or if the salary is scaled to the area.
Top Boy
formerly jay patt
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As one of the NT young boys in IT...
It pays. Gotta be competent tho.
It pays. Gotta be competent tho.