Where do you get that an average enginerd will be able to make $300k (assuming you don’t hit the IPO lottery)? I would call BS. I know a few enginerds at my age and they’re making less than I am, yet they’re in the bay area. When I interview with companies up there, when I passed the technical part and we start talking about salary, that’s where it breaks down. Salary are between 15-25% higher than SD, that’s what recruiters tell me. They would offer more stocks but with my luck, I would end up picking a company that wouldn’t hit the IPO lottery. [/quote]
Lol, you’re lucky to even get the recruiters to bite by them offering you a 15-25% bump. In recent times, I’ve never been successful getting them to even offer that. I must have done a decent job negotiating my package here in SD because whenever I get a recruiter to call from the bay area asking me to relocate, I mention the cost issue with the bay area, and they immediately tell me about the 15-25% bump. But then when we actually start talking about numbers, they end up saying 15-25% is too much and then try to tell me about “pre-ipo” shares when some of the companies are only in the 2nd stage of funding…. And of course, good luck trying to get an early stage startupto offer with pre-ipo shares with a non-dilution clause..Most enginerds aren’t important enough for them to do that. I had one recruiter that asked me if I was sure my comp was in SD markets….lol… I guess this also means that when/if I do get axed, I’m going to need to take a significant paycut down here…Because when you turn 40ish, it’s never a question if, it’s a question of when…lol….
