Total compensation vs salary reddit Including the pension, it becomes $146,000. At F/G Ops post mba and manager total comp is quite tempting. The pay is important, but not the biggest thing. Divide by how many hours you'll work (this adjusts for the difference in PTO and holidays). I usually do: Base salary ($) Insurance ($, cost to employer, if they pay $2,000 a year I will add $2,000 to the total comp) Vacation (converted using hourly rate from base salary) Matching contribution (add a It's not just SF and bay area. You mentioned benefits being a factor. AI focused here means any engineer working on AI related systems. The reason to include it is to help other people make informed decisions about their offers. This article demystifies both, equipping you with the knowledge to assess and Although total compensation is a crucial part of attracting qualified talent for roles, it tends to fall lower on the importance scale than salary. I don't love the idea of moving to Madison, WI but the compensation is insane & it seems like a good way to start my career. The Compensation grade is tied to the job profile and the grade profiles are separated by location (eligibility rule). 100k base salary with 10% super and possible bonuses. Also, The salary I get 12 holidays on top of 10 vacation days and 10 sick days (32 days total), vs 15 for the hourly (I don't think I get paid holidays). I'm at ~90k which, while very comfortable for CR, has felt stagnant for me recently especially when I've become the most senior person on my team under a manager with similar experience as myself. Now that I am in a T10 MBA program and am seeing that a full time tech PM role can pay ~250K total comp (a good portion of that is stock). But if you end up CEO or CFO at a big enough company you're even higher but then you're an insurance exec with an actuarial background rather than a Too often we hear the idea that salary means you have to work 60+ hours a week, every week, with no compensation. 00 - 0. Most pay $175 salary and the “300k” is with a full year bonus. How would you interpret it? If you're in a low cost of living area that could be good pay and competitive, but would not bet on a random fortune 500 company bringing your comp up to FAANG level. The only way to answer is to figure out the expected percentage based on what drives your salary and then compare that to theres something kind of sweet about being straight salary, versus having a hodgepodge of salary, multiple bonus pools / criteria and RSU's Reply reply tempthrowaway123451 This is a very wrong assumption. It said: compensation is 50,000 (salary is split 70% base salary and 30% commission. 401k match is a set percent (currently). 5 YOE Washington, USA Master’s degree (computer science), Definitely, even as base salary I'd thought these would be higher, but without knowing the total comp it's hard to say how competitive any tech salary is. fyi have stock, others don't. typically stock > total comp. 5k. There is a HUGE difference between being exceptional at something, and being the BEST. Good point, what I meant to say was the total comp is cash collections times bonus %. When comparing base salary vs. I can tell you, as a government employee that analyzes this type of information, that average benefit rate is about 30% of an employee's salary. Only a year in but already looking at other employment- ideally another agency but was looking at some non-federal jobs. Hi, yes I always negotiate comp. 5% competition to other industries (including tech pay. As for getting an offer letter it was a couple of weeks - I remember being really frustrated by how long the whole process was but I’m sure it depends on the firm. When I was new I heard similar numbers for very highly experienced Total comp? Probably in the 400s but hard to know for sure. The total payment where all money you get (not that you could get, but that you actually do) gets stacked up against the other. The range could vary wildly depending on how you interpret it. Does that mean 30% of pre-tax, total compensation, including base salary, yearly bonus, and stock options (averaged over time), or is it more like 30% of post-tax, base salary (what you would receive in realized paychecks at the end of each month). Put another way, two people at different companies making the same base salary and bonus percentage could end up having a total value difference of $10k due to benefits. ) puts it even higher. My boss is open to restructuring my current pay to either: (1) Commission only; (2) Hybrid: Salary+Commission, or; (3) Salary only. So if you put in 5%, you still only get 3% match for an 8% total contribution. it’s mostly ok for non senior roles (below SVP / Director level). I’m fully in office but hoping to get 1-2 days a week hybrid for next year. They generally in non-IB roles are paid somewhere between 50 to 85k for salary (more for technical positions and at larger banks and The document also lays out Amazon's approach to calculating how much to offer in total compensation, which is comprised of base salary, a 2-year sign-on bonus, and restricted stock units (RSUs). 18 months after starting would be your first full year bonus with potential to hit 100-200k and be at the “300” mark people quote. reddit's new API changes kill third party apps that offer . there's more overlap in a back office quant role, but it's still not a big enough overlap to offset someone with the equivalent number of years in industry As an E-3 depending on the area you're staying and whatever extra skill set you bring in (lang. Gross pay and base pay are completely different. Never, I repeat never throw a number first. So most annual to monthly comp is just annual/12, and Singaporeans are just used to seeing monthly comp. Probably the most straight forward part. 5k) + ~$200 - $250k variable comp (estimate based on year end review + the monster year our shop Firm Type: Boutique / Solo Practice Location: US Remote Practice: Technology + Strategy, Wellness + Legal Level: Up There, 20+y experience Change in compensation: $300k -> $800k+, $90k/client base, variable performance commission ~ $150k - $300k I've gone through the grind and focus exclusively on the areas and businesses I enjoy with companies I enjoy working with. g. For example if you joined meta in 2022 and kept your meta shares, your TC astronomically increases. If they had benefits well above the industry baseline (platinum healthcare, pension, high 401k contributions) then that would be Maybe you are talking about later career pay where actuaries pass accountants? Because through the first 5-10 years it seems very similar. The elites are easily pulling 500k+ out of school at these big companies and startups (with much of compensation being stock, upwards of 30-50%). Just look at all the CEOs paid nearly no salary. From what I know, base for FC is around 75 for FC -110 for VPFC in Texas. Usually when base salary is low they try to talk in total comp terms to make it look better, generally overvaluing the benefits or bonus. Is it a safe bet that the actual average total comp is average salary + average cash bonus + average stock bonus, for an average total comp of ~275k? $300k total comp for an SDE II sounds high, but appears to be possible in a high cost of living area (San Francisco). Approximate numbers: L3: $120K E. Total comp would be $164K-$255K. You also know how differently comp is done at different companies, yeah? Not all use the individual job range to create the salary range. ofc, 25% of all years = negative market returns, as well as an individual company may have drastically more variance but if you are ok with averages ~£175k salary (after increase), last year 30% bonus (before increase) but not looking so hot this year. 25% bonus. Employment I am 25 and living in a midwest city, so the cost of living isn't crazy. Especially at a company like Apple RSUs are as good as cash, though with the markets as volatile as they are now cash is starting to become more favorable, as yearly 10%+ gains on your RSUs ehhh. However, I always use the phrase "compensation" or "total compensation" and nearly never use "salary" -- always. Truth is it is going to vary substantially. Even in the same area salary’s can vary drastically from company to company. The email for this job was a bit more confusing though. Edit: for us post masters quant dev or Jr Quant arbitrage roles you can expect 150-180k base pay out of college with a total comp of 220-250k. "Fair" is a nice theoretical concept to play against, but the truth of the matter is the As examples there is no way that an average level 64 pm and a level 64 business dev mgr make 50k difference, they should make pretty close to the same as should all level 64s regardless of discipline. Base salary was 185k, 18. Bonuses were substantially higher too. A 3% match means the company matches you dollar for dollar up to 3%. All that is to say - I don't think comparing your salary with others on reddit will help give you an idea of how you are doing in your job. But it's not all equal, I wouldn't count the tuition reimbursement as it likely has payback stings and is unlikely to be an expense you Salary is pretty straightforward, it’s a fixed amount of pay – or base salary – you see on a job listing, while compensation is often used to include bonuses and commissions. Software legitimately pays better than the rest of engineering disciplines right now. Plenty use a job grade system, and in that case, it won’t matter - you’ll be put in the HR salary bands or the non-technical salary bands, not a separate, potentially higher, compensation analyst salary band. 5% total compensation contributed to 401k True. I had previously entered the "Total Compensation from Employers" as "0" because I thought it was asking about some income other than the monthly/annual income of my parents given to them by their employers. My current job of 2. $50k stock (public fortune 500). Quant Analyst in Model Val, 14 years experience mixed between QD, QA, in FO-adjacent role. In the interview they said most PCBs are making over 100k after a year and it is a feeder position for the PCA role. com), except for new grad offers as I figured that recruiting season is mostly over by now. Base salary. 6gpa Reply reply Well that's total comp, My salary is Base salary/1000 would basically be paying double hourly, and is more likely to apply to lower salaries where the benefits are more significant compared to the salary. Not as good as moving internally to a product. While the benefits DO matter, most companies don't count them in the Total comp, you have to look at the overall package. 10. I work remote. Usually "up to" means "This portion of compensation is what they will match on". Bonus and stock are not guaranteed and tied to performance of the BU. Total compensation vs salary I'm being recruited for an FTE position and the recruiter is using the term "total" compensation. An O1 in San Diego makes $91k. Now it’s ok to ask for a new salary which is reflective of your total comp from your last job, but don’t give total comp requirements I’ve been on 100% commission for a long time, low base salary and high commission and currently high base salary with quarterly bonus. If final pay is the same, it's an easy decision. The extra money comes in the form of vested RSUs. Just FYI. ) Is that the same plan? Get the Reddit app Scan this QR code to download the app now then the question is do you chart against CEO salary or total compensation package. I always thought Google was the benchmark for compensation. An equivalent position there would be well over £100k total comp (probably closer to £125-130 ish). But some people like this simple comp structure. This is really important for the community. reddit's All the calculated values are added up to determine Alice's total compensation. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. Or check it out in the app stores Finally selected a job in Automotive manufacturing for a total compensation of $140k with a 2. I know that's on the high end for sure in You are comparing the median quant compensation across all tiers of the industry to software engineering compensation levels from 1st/2nd tier tech firms only. "Total Rewards" is a meaningless metric so let's only talk salary/compensation. Or check it out in the app stores Job Security vs Higher Salary . reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. Saw huge wins with digital marketing this year. Title: Software Engineer Location: Seattle, WA Salary: $108,000 Relocation/Signing Bonus: $10,000 relocation Stock and/or recurring bonuses: Total Compensation: up to $98,375 Retirement: Match 6% for 401k Ernst & Young Undergraduate Salary. Had another offer in strategy for financial firm for $160k base and $30k bonus. Or check it out in the app stores   $150k salary, $100k variable comp Investment Banking Associate II - 1H 2021A $175k, bumped to $200k for 2H 2021A (average base salary - $187. To compare a wage or salary employee to a 1099 contractor, use total compensation. Edit: a few more things to add: If you’re making 90-100k now with an easy work life balance and then only bump up 10-20k for that compared to like 60-80k bump that’s pretty significant. 65 votes, 16 comments. I’m curious if said software engineer lives in a “regular” cost of living area and was comparing comp for the same role in a HCOL area. Even working 2 days from home versus 100% remote can mean an extra $5,000 a year in commuting expenses. You can view 0. you trade a phys book, but your book helps inform larger paper positions that make $$). I can look it up anytime on GRB platform and request a total compensation statement whenever I want (just did, takes about 20 seconds). If you have a $100k salary, $75k bonus, and $100k in stock paid over 4 years then your total compensation is $200k. Serving as a central forum for users to read, discuss, and learn To answer your question, military pay is excellent compared to civilian pay in most cases. I tend not to factor in bonuses. For people 3-5 years out, the compensation range is quite wide with total comp going from 250k-500k+. If possible bonus pay could far exceed guaranteed pay Different question. I wrote this comments for the folks who think Quant is the only option, think about the long game and your sanity. My recent search in medium-large sized Midwest cities (think Indianapolis, Madison, Milwaukee, Columbus, etc), private practice jobs are around 500-600 total compensation with fairly low call burden. Your equity comp vary due to market conditions. I would imagine that your base salary is more like a prepaid bonus so we can pay rent. Unless you want to look outside, which they are flexible with. My current case load is ~130. Think of it as a ballpark of your base salary you could earn at that level. it/144f6xm/ 26k in options + $2. But, we're talking like the . Non tech firms, especially in the finance world are full of low stress good pay jobs. It’s so significant that even if there’s a 200k total comp gap, the actual gap might be closer to 125k after taxes. If you Salary / Bonus / Total Compensation 125 + 10% Definitely underpaid vs both the same and even moreso adjacent jobs whilst still having my share of 100hr weeks (and other aspects are painful like flying economy intercontinental and then being expected to hit the ground running are problematic for me) and with no scope to progress at this point. 5k yearly stock I improved my salary from starting about $130k to a little over $180k when I left. It’s dependent on the COL, Role, Industry, company size, current job market, etc There isn’t a real easy answer when it comes to starting salary. Might be splitting hairs but in the comp world, “Total Compensation” would typically only include base salary, variable pay/short term incentives (bonus, commission) and long term incentives (stock). 20% of Citadel's investors are employees, possibly more (and the amount invested in the fund grows disproportionately with seniority/role), so in total citadel staff and board made 12B fees + Salary: €108k Company/Industry: Large non-tech company. As compared to total vs annual? If you're paid a special stock options or bonuses that spans across multiple years (i. I left mid/large pharma in NJ, was an AD. S. The company culture seems to be one that I would enjoy. 5% and 10% Total comp: ~AUD$165k incl. 59% yourself. Becoming an Hebamme (career change) You didn’t specifically ask about Amazon, but total comp Y1 is shaping up to be $180k, plus about $40k in relocation ($5k of relo in cash). If your base pay is 30k why would anyone bother writing that your gross pay is 30k? 30k gross with a 30k basic salary is just a salary with no benefits. - Career-focused questions belong in A job application requests for my desired annual compensation, but also for total compensation. But as I said, the total compensated salary / 2080 is really a starting point. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. 4 weeks PTO + extra day per year you've been there (already been 4ish for me). Total Compensation? I am looking to leave my current job that pays me 73k base with a total compensation package closer to 106k. The thing everyone is ignoring is that the values aren't even. But honestly, I have no idea how to calculate or answer this question. this is total comp for new grad QT 300 is base. I throw in my PTO hours at my equivalent hourly rate on top of my salary into my "total comp" to at least weigh that aspect from job to job, as it can vary widely between companies. Prior Experience: about 3 years total Stock and/or recurring bonuses: 4-8% bonus. So they are contributing money towards the health plan and dental plan, and making pension Unlike total compensation, base salary provides a predictable and stable income, making it easier for employees to budget and plan financially. What that means is that "decent portfolio of billing" has a much more direct effect on comp in the Big 4, versus at least some of the MBB, where merely "business brought in" affects performance rating and therefore salary and profit share, but not directly billing --> comp. • ⁠Base Salary: ~$73k or €65k • ⁠Relocation/Signing Bonus: none • ⁠Stock and/or recurring bonuses: 2500 shares on joining, no IPO yet, €500 every Christmas • ⁠Total compensation: the same as base salary (until stocks sellable), ~$73k Total Compensation = $66,000 Job 2: Base = $64,000 Annual Bonus = $0 401K Match = $0 Total Compensation = $64,000 Would you still add a bit more weight to the base salary of job 2? Namely, you consistently get paid more money per month, but annually you get less. Get the Reddit app Scan this QR code to download the app now. This sub will be private for at least a week from June 12th. I personally saw a much higher salary growth while at D than my precious jobs. So it's really closer to 170k total compensation in SF. What “counts” as compensation (eg, total compensation, cash compensation in-year, benefits, deferred comp from prior years) And I am sure many others As a typical, fairly new, average performing, US-based MBB consultant, I earned $800K in in-year cash compensation my first year at Partner and $1. However I realise that not everybody may do the same. Salary versus total compensation An employee's salary typically includes only the money they are paid for the work they do in a position. I know guys that only spent $40/month while in the dorm. Given the COL and tax difference between WA and CA this is way more than a $40k pay gap. From researching, I see that the total compensation should include all benefits such as Insurance, Holidays PTO and 401k. For more info go to /r/Save3rdPartyApps/ ​ https://redd. but within a few years my total comp doubled thanks to promotions, bonuses, and stock grants. How do you calculate your total comp to compare between offers or jobs. The listed average salary is 160k, and listed average comp is 250k. No. That’s because total compensation can Your salary is the money you are paid for your job, but total compensation includes more than just your salary. My thinking is, if I leave Job 2, I've gotten $64K consistently. I know some people in smaller cities or people pushing the extra shifts in the 750 range. Mgma is total compensation, not salary. AIP bonuses were always a consistent 21-22%. When I was interviewing for Optiver, they said my first year total comp would be between 300,000-400,000. ” It pays a flat rate of $1500 for a 3 day weekend (~27 working hours total). Equity comp is really solid even for entry level ~ 80k over 4years) Reddit's largest economics community. If they ask for total comp you give that (they usually don’t). It's not bad pay when you consider how much you can save even while in the dorms. I get to travel for free to new and beloved places around the country (yay frequent flyer miles!), transportation/stay/misc expenses covered, and I get a very generous food stipend. $89k-180k+ is a Total comp: $202k first year, $183k second year, $160k after Company/Industry: Google. Factoring in other pay (BAH, SRB, etc. Stock must be vested for 2 yrs before it can be sold. Salary is kind of meaningless. I was wondering if it would make sense to hear about what the total comp package looked like first before saying something like "I appreciate the offer but I was not aware of what the base would be of the total comp package during the brief initial conversation. And then if you assume the person at MS lives in WA (No state/local income tax) while the person at Meta lives somewhere like NYC or CA, the difference in pay is actually in the range of 65k-85k. and International, Federal If another offer is for 4 weeks, but same base salary, the only difference between the two offers is the time you get off in a year, not your total compensation for the year. I agree with this assessment, but we need to be more precise. , tied to product's mid term performance or residuals) then sure you have a different total compensation but that's rare. All in all, their flat salary comp for Senior Software Engineer easily Usually the "up to x% salary" means they won't pay more than that x%. Education: BSc and MSc in math, PhD in mathematical statistics. Or check it out in the app stores   Is your number total comp or base comp? Yeah, it didn't show Canadian averages, I was curious to see how Canadian salaries Right out of college expect $60-70k base plus bonus of ~10% and other benefits. 98 votes, 66 comments. 5-1. Speaking of the compensation, I've seen $110k + $10k relocation; is there any stock including in that at all? Some of the offers on levels. For more info go to /r/Save3rdPartyApps/ ​ https A better way to look at it would be total compensation vs total cost of living. But total comp is usually at least double that. Not sure why the other agents don't know their total comp. I’m about to be making 70k base, all in about 85-90k my first year. I work in tech in the US (though not as an engineer) and believe that my total compensation includes things like bonus, equity, 401k matching, very generous health insurance with low deductibles (compared to peers at different companies), the value of perks (such as lunch and dinner which is provided every day, car share and gym membership Recently got a 350k+ total comp offer from a FAANG. They're refusing to accept that total compensation is a tactic used to make you think you're being paid fairly when you aren't. Recommendations I've seen from r/personalfinance suggest your loan should be no more than 2-3x your salary. Given the economy and the new total comp (prior total comp was 240ish) an MBA is in my rear view mirror. Have you tried using the Amazon offer to negotiate more money or a higher title from Google? Think about it, what's the difference between salary vs compensation. Riot was actually a weird one The base salary was exceptionally high, not including two big factors: a 15% performance bonus that multiplies 0-2x, and a 15% long term incentive bonus that multiplies 0-3x. In my case, salary growth at my org is next to nothing, but I took the opportunity because I knew there was huge potential if/when I decide to move Pay increases are often given as a percentage of base pay, so Tom's income in dollars goes up more after one than Bob's. In all reality salary is like you said; taking ownership over your work and stating that, on average, you can complete the duties of your job in 40 hours each week. A senior external would likely be offered 140-160k base, 60k first year bonus up front, 30-45k second year (increment), 40-60 RSUs and relocation (if needed). There is only one problem with this I’m applying to a senior non technical program manager role in Seattle or Arlington, VA. Only non-formulaic parts are stock appreciation and additional equity. 5k vacation bonus + salary/options bonus Total Comp: ~$180/185k first This bot wants to find the best and worst bots on Reddit. 1M the year after. In my mind, assuming a person does not elaborate on the breakdown of pay, I always associate a salary as inclusive of super. So between 250,000 and 400,000 seems like a reasonable ballpark for a quant research position. We were curious how renewed interest in AI has affected compensation and ran an analysis. OP is at higher end of pay range, but the $150k-$250k jobs are all over the country for those with some experience. If they ask for salary you give salary. PhD quant here. To me it seems, that plan would mean your X salary is 70% of your total compensation, and you make 30% of that as well if you meet your on target earnings. Obfuscating salary by 25k could help you ensure its anonymity if that's desired while preserving most information! Here's the template I'll use. I’ll use San Diego as an example. I should probably make more than I do. Total compensation for a location could include: Salary Benefits Pension Government social benefits (healthcare, social assistance, tax refunds, etc) Total cost of living could include: Housing Taxes Food Transportation/insurance etc First year as a hybrid qual/quant (more emphasis on qual) UXR working in non-profit. If I'm looking at base pay alone, my salary is ~$44. The difference is staggering. But how exactly does it work, and why is it so commonly compared to total compensation? 60k guaranteed plus possible 10k in bonus vs something like 40k guaranteed plus possible 60k bonus would be worth considering. This is usually expressed as an annual amount rather than an hourly rate and does not reflect any taxes that must be withheld or any other withholdings. But moved earlier this year, with 3 offers with small biotechs with fairly similar comp. You can expect a yearly bump to your base salary that will be based on your performance and how your base salary compares to other people your level. For your scenario, I'd try to add up all of the benefits and then compare as a $ of total compensation/hr worked. This total comp usually has the same or slightly higher salary than the new grad offer. If I’m not happy with the base salary, no amount of benefits will sway my opinion. 5% cash bonus quarterly based on average MoM growth between 7. I noticed that Netflix has higher salaries but no stock, while other companies have lower salaries but similar TCs because the also pay stock. Excluding the pension, her total compensation is $126,000. But somewhere around I've found that people are putting their parents' combined annual salary. Also - the salary would get me a clearance (I live in greater DC area) and I feel like would increase income potential down the road. Amazon is well-known for limiting its base salary to $160,000 across the entire company, though the document notes that it goes up to $185,000 in the Their company considering total compensation as salary sounds like they know that the salary for OPs position should be $74 K and are trying to under pay them. One thing that can really change total comp from firm to firm is retirement contributions, so be sure to account for that if comparing offers. Get paid commission on a monthly basis and different things pay higher value. He basically told me to find out what other firms pay their associates, specifically their commission rates and So I put in 8%, and I get a 401k at 17% a year if I want. There's a big gap in pay between the top tech companies and the rest of the industry in the US Citadel made 28B gross last year, and returned investors 16B net of fees. The vacancy announcement says “The base pay for this position ranges from $92,500/year in our lowest geographic market up to $185,000/year in our highest geographic market. In an attempt to refute the so-called "productivity-pay gap," some people have claimed that (to quote one Redditor) "total compensation has tracked productivity perfectly. Even within my company for the exact same level starting job, there's like a 20kish pay difference between my low cost of living location and our company is high cost of living area. Calculating your total compensation is easy: take your base salary and write it down jot down any company match that you get for a 401k. If you are working at a company for 5 years and you get a bump from 3 weeks to 4 weeks vacation, your T4 isn't going to jump by a week's wage. DW Simpson's salary survey seems to suggest that. e. I know a few people with 85k base and 110-120k all in. As long as you perform well, getting yearly raises is easy and within 5 years, a promotion is normal. 5 years (Company A) pays me 66k a year with a ~2k bonus. Then bonus can be % of book or discretionary on some books that are more team focused( I. If you have options between contributing pre- and post-tax dollars, company adds them together and doesn't go past their limit. Performance bonus will usually not be included cause it’s variable, hard to give it a value. 5% target bonus, 20% LTI. Signing Bonus: $3-5,000 Base: $70,000 Relocation: $1,000 (2,000 miles +) Performance Bonus: up to $2,000 – – – – Total Compensation: up to $78,000 Retirement: 2. We then calculated the cost-of-living-adjusted annual total compensation of So at 30 they are at the same spot in total earnings. If you put 2% in, you only get 2% match for 4% total contribution. Except for a few company that gives out fixed bonus/aws, there isn’t much difference between displaying annual comp vs monthly comp. Growth Marketing Manager in manufacturing space in Missouri. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Great example, when I was still in LE, my total compensation was just over $90,000/year, but my salary was only $35,000. Base Pay vs Total Compensation ratios . I’m just at a loss at how to compare value of our current benefits (Fers/tsp) in the long term versus private sector which is typically a basic 5% match on a ira/roth, plus then actually adding salary comparisons and locale. Base pay - $95k total comp $120k This year has been down for our industry as a whole, we’re less down than competitors. Obviously if it's $10k salary vs. $10k bonus, you take take the salary 10/10 times. 001% here. Around 140k is salary, and the rest is signing bonus/yearly bonus. Base Pay vs. Susquehanna (a solid 2nd My understanding is most salaries top between $200-250k for non-executives. Or check it out in the app stores Total comp, $300k + $75k bonus + Equity I'm a senior pm at an American company here, 8+ yrs of pm experience 17 yrs total, I get about £118k in salary, normally about 20% of that in equity yearly. Seniors make 105k so your bonus would be the difference between the two. I can say that When I started I took a lower salary but within 3 years My salary increased 48% simply by changing If you are talking energy at trading houses, the big 4 you likely cap out at 250k salary. Salary Bonus 401k available 401k matching PTO Holidays Healthcare Plan Flex time / WFH options Salary, PTO and 401k match are pretty easy to assign $ values to. Fidelity pay usually seems low but at the minimum you’ll usually get 10% bonus + 10% profit sharing + 7% 401K match. I worked there 6 years total before leaving Title says it all. Make sure you are comparing total compensation Yea. $49k of that is non-taxed. In the accounting reddit if you make less than 6 figures after 5 YOE you are underpaid. This means that I’d be taking home roughly $83k per year. It seems like nothing is driving the range to populate. in STEM + 5 years as a quant. There's clear indication that compensation for AI focused software engineers has increased in the last few months. My base is 87k and total comp is actually 100k with the contribution my org makes to my retirement account. Total comp: €112k-€114k. With BAH, it's closer to $60k. Total compensation differs in that it includes any The total compensation includes only the annual stock vesting. With recruiters, friends, etc. Or check it out in the app stores • Annual compensation (base salary) • rent as a percentage of your compensation (optional) total combined Comp of about $400K after tax of like $280K 12% ish of my after tax income Current student: Scholarships: tuition + $10K/year J1: ~$55K/year 1099 software engineer part-time (10 hours a week during the school year, 40 during breaks) for a startup, anticipating that this may turn into a full-time job 26 votes, 29 comments. It forces the company to put skin in the game and companies that pay 100% commission have ZERO investment in you. Then there's the jobs themselves - going to salary typically means more control, more authority, more seniority, which has non-tangible benefits and sets you up for future career growth. So if they match 167% up to 6% of total salary, the max they'll pay is 6% of your total salary, which you can reach the max by contributing only about 3. But you are right to assume that your pay should be 35k if they wrote 5k additional for internet. Also that 120k starting salary comes with 10-20k bonus and 10-30k equity per year. I’m just starting my quantitative researcher position at a bank, and my base salary is 150,000 with a target bonus of 125,000. And if so, why? Edit: salaries from glassdoor for Amazon and Google Amazon 1-3 yoe: 75k average base pay, 80k average total comp 4-6 yoe: 88k average base pay, 95k average total comp This is inspired by 2023 Quant Total Compensation Thread : quant (reddit. The post concludes by saying that armed with this information, Alice can make a better decision about whether to stay in the military or consider the civilian job What does salary/ total comp progression look like for equity research or fixed income research? Weekly hours? More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. Was wondering if anyone had an idea of total comp after a year working. Their packages consist of salary, bonuses, and RSU. However, there are 518 reported salaries, but only 441 reports for cash bonus (34k) and 374 reports for stock bonus (79k). If someone says they earn $100k, would you interpret that as their total Heck his base salary is higher than our pay cap there is more to this than just income. Recruiter asked for a salary range for total compensation expectations. So take the salary, add the employer retirement contribution, add the employer health insurance contribution. Reddit tends to over-emphasize focusing on the salary amount on an offer letter from an employer as demonstrated by the current top post. depending on benefits. For reference, my firm's new grad package is around 220k-250k. if its 60k over 4 years assuming avg market gains itll be around 50% more total value earned over those 4 years as that 60k is getting market exposure from day 1. Most stay in Seattle, too. Even in low col areas FAANG and similar pay substantially more than your Salary is a component of total comp. They usually manage vendors (the ones who do the salary surveys and external benchmarks) and, if your company is global, they have global reach as a Center of Excellence. So if you had two almost identical offers, one being 200k salary and 0 stock vs the other being 100k salary and 100k stock, which would you Director w/ $164k base salary. Or check it out in the app stores The salary difference in the US sounds insane! $160,000 (total compensation) 2. I usually do: Base salary ($) Insurance ($, cost to employer, if they pay $2,000 a year I will add $2,000 to the total comp) Vacation (converted using hourly rate from base salary) Matching contribution (add a It seems silly for me to not include compensation that is a significant percentage of my pay when talking about salary. Pay etc) you're making at least around 42k after factoring in all the allowances, base pay, health insurance, etc. 00'. Will maybe throw a crapshoot at HBS GSB later in life and see if I can get a fellowship Get the Reddit app Scan this QR code to download the app now. So if I brought in 1m, my total comp would be 230-280k. In my case, I’m an O1 straight out of college with a degree in architecture. Couple of VPFC at my branch make 500k+. I've been curious as to how much everyone's companies value their benefits packages compared to base pay. During covid, total comp has really skyrocketed for someone of my skillset. What Is a Base Salary? Your salary is the fixed amount of money you get for your job each year, not by the If they say that the total compensation package is $53k, that's THEIR cost of salary plus benefits. in expectation, the ROI and opportunity cost with a PhD pales in comparison to a B. total compensation, what should you look at, when looking at annual income? I guess my question is, what do people look at when renting an apartment? Do they look at my base salary or my total compensation? I got an offer letter that states this: Base Salary: $ 85,000 Bonus: 10% $ 8,500 Total Cash: $93,500 How do you calculate your total comp to compare between offers or jobs. academic research != quant research and there are very few things that overlap. High salary all day or 50/50 is the way to go. unsure exactly how the other 325 is broken down between sign on and guaranteed bonus (I believe if you do really well you can get additional performance bonus but you at least have a floor that is guaranteed) usually sign on is in the range of 100-150 for top firms so would assume the breakdown is like Accepted offer in data analytics/strategy for ~200k total comp (base, 10% bonus, nice retirement match). In order to understand these things better, can you share the salary ranges with me? Then you start argumenting on why you should earn the highes base possible. Total compensation for salaried work can be a multiple of salary. Apparently this company does quarterly bonuses on top of the base "Total compensation" is salary + bonus + on-call spiffs, etc It's the number on your tax form ad the end of the year. Bonuses may not get increased at the same rate as base pay, so Tom might go from $200k to $210k (5% raise), Bob might go from $150k + $50k to $157,500 + $51k. Signing is 50k and stub is like 30-50k so in the first full year you can expect 255-275 total. (% times base salary) take your base salary and divide by 12 then divide again by 20. Went to this company because of more advanced pipeline Salary / Bonus / Total Compensation 54M, but apparently not too old for reddit Investment Consultant YoE like 25 176 + 15= 191 TC My job is easy. For the total comp math later I will use a $3K raise which should be roughly correct for a standard performer. " In other words, they claim that while real wages may have stagnated for several decades, total compensation (which includes benefits) has grown in tandem with productivity. Even the sign on bonus seem to be 1/7 or so compared, 5k on that site versus someone saying around 35k in these comments (both harder to verify right). Meaning pay and benefits. Consider the median compensation from OPs data. Most value is going to come from referrals to advisor that ends with an Get the Reddit app Scan this QR code to download the app now. Breaks it down really nicely in an approximately 7 page report. Salary is your fixed income, but total compensation reflects the full value of your job offer, including various financial incentives and perks. Total comp is between $70-100k depending on what benefits a company offers. 5% compulsory contributions to retirement Salary: €5900 Bonus: ~ €1100 On Call pay: ~ €1000 Total comp/month: €8000 After taxes i get to keep around CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Most of the people I know are 1-2 years into their career and everyone else is pretty confidential about their total comp. Say this: My total compensation should be based my previous experience and the amount of responsibility and complexety of the new role. They usually make more off RSUs. it/144f6xm/ Total comp: Note that you only really need to include the relocation/signing bonus into the Get the Reddit app Scan this QR code to download the app now. I've seen non Indian salaries of 45k which is impossible. That is Comp folks do Comp studies which require understanding job descriptions and competencies. But you're forgetting other big ones like location. At the same time $180k total comp for the same role also appears low anywhere. true. I also get 7 weeks of vacation and six months fully paid paternity leave. So, is the salary data on Glassdoor inaccurate? Or is Amazon really paying way more than everyone else. PTO/Holidays I just take my effective hourly rate and multiply by the hours off. View community ranking In the Top 5% of largest communities on Reddit. I usually average teaching about 8-10 weekends a year. Senior Analyst, expect $75-90k base, $90-120k total comp. My E3/E4 salary at Meta (circa 4 years ago) went: $110k -> $121k (GE) -> $160k (E4 promo) E3 salary these days based on levels fyi seems to be around $137k, with $37. When we move a candidate to the Offer stage and get to the Compensation section, the 'Total Base Pay Range' shows as '0. For example, my salary is about $63k base, but the benefits are listed at almost $17k, plus another $3k 401k match for $83k total Salary plus benefits = total compensation. generally you’re going to take a 1/3 to 1/2 haircut going in house compared to your total comp in biglaw for a non-director level role, I would place the typical total comp range between 200k-400k for base salary, equity, and bonus. And IMO Amazon L5 would look way better on your resume, if that kind of thing matters to you. This could mean working on data infra for AI or the models itself. I delayed getting my MBA because I was comparing base pay after school to my current base pay in tech consulting (~120K). The article uses total compensation. While that’s of course a large portion of your compensation, their are numerous other benefits that cost you that can make a big difference to your yearly take home pay. 25-40 hrs a week (2-4 days in office), flexible re: family Generally happy, will have better opportunities if I can stabilise family situation. Base salary is about 50k-60k lower To ensure we adhere to reddit's strict rules and since sex, drugs, violence and profanity and other topics are regulary discussed on this sub we are now NSFW Members Online. Meta's salary, bonus, and stock refreshers are banded/formulaic by level/performance bonus. dnut xcny ivkvl xun jlaf loxn qhcohfg tpkdtx fbgfqfz tqmq