Here's how big tech companies like Google and Facebook set salaries for software engineers.
Levels.fyi estimates that a Level 3 at Google, or an entry-level engineer who likely just graduated from college, should make $189,000 in total compensation, or about $124,000 in salary and $43,000 in stock compensation. At Facebook, an E3 — an entry-level "software engineer 3" — should make $166,000 per year total, according to the levels.fyi estimate.
"It differs from company to company, but a bunch of companies have converged on almost the same system where there will be about six levels," said Osman Ahmed Osman, a former Quora hiring manager who is now writing"Google and Facebook are examples of companies where things are pretty similar," he continued.
They also point out that the website enables people to drill down into each given estimate to see specific data points, including the submitter's speciality and location.Engineers who have achieved a level at a big company wonder what level they might be at a smaller firm — and whether that comes with a pay bump.
"You're probably making six figures if you're a software engineer," Musa said. "But there are senior engineers making crazy amounts in the millions. It's eye opening, and that's why we built this." The downside to the leveling system is that there can be an up-or-out culture based on the levels, Musa said. Another downside is that that the laddering system could exacerbate the diversity issues big tech companies face.
"As a general trend, I think what happens is every time Google and Facebook realize they're losing too many mid-level career folk, they bump the compensation level up," said Harj Taggar, the founder of Triplebyte, a software company that places engineers at tech companies like Apple.
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