Breh Spends $11k In A Month As A Software Engineer In NYC

[WIA20XX]

Like I said you dont understand the pay structure. The Initial stock grant is often not included in salary numbers cause its variable but it counts as a large chunk of our income. So in your scenario a person with a 160k base might have a 200k initial stock grant (Which is not even high for new hires). This is normally paid out over 4 years or so depending on the company. And as the market moves this stock grant increases in value every year. Buts lets assume its paid 50k per year for 4 years. So he is at 210K before annual cash bones and additional annual stock grant bonuses hit which both could be 30% of base so that's another 80K+. so total comp for that person with 160k base is now 290k in your scenario. And as stocks split and values go up it's not uncommon to make almost half your annual comp in stocks and bonuses.

And most FAANG are probably underpaid for the value they create, even more so than a non-tech worker.

 

[ORDER_66]

 

[XannyWarbucks]

5500? I'll take the 5 and get to work in 30 minutes.

 

[Canada Goose]

Dope! Dude is living the NYC lifestyle I dream to have Only expensive things I would get would be a Acura TLX Type S and a condo or townhouse somewhere in the NYC Tri State Area.

 

[Prodyson]

Like I said you dont understand the pay structure. The Initial stock grant is often not included in salary numbers cause its variable but it counts as a large chunk of our income. So in your scenario a person with a 160k base might have a 200k initial stock grant (Which is not even high for new hires). This is normally paid out over 4 years or so depending on the company. And as the market moves this stock grant increases in value every year. Buts lets assume its paid 50k per year for 4 years. So he is at 210K before annual cash bonuses and additional annual stock grant bonuses hit which both could be 30% of base so that's another 80K+. so total comp for that person with 160k base is now 290k in your scenario. And as stocks split and values go up it's not uncommon to make almost half your annual comp in stocks and bonuses.

nikka… THIS IS MY JOB

I have literally been working in benefits and HR for 10+ years. I could go in and look at one of these peoples compensation statement right now, if I wanted to, but I won’t just to appease you clowns and end up treating a red flag for this company for randomly looking at people’s pay. I am literally one of the people who go in and set up your compensation structure so that you can look at it from your computer.

You nikkas think you know everything. I’m not saying what you’re explaining is impossible. What I’m telling you is that the numbers you’re giving aren’t the norm for a large population of people working in the field and I know because I can see it with my own eyes and I’m the one who sets it up for you. I could probably tell you the pay range and the bonus range for whatever position you’re thinking of right now. I could also tell you what factors determines your bonus range . You know how? Because I or my colleagues, are the ones who have to configure it and test it and maintain it year over year with requirements directly from the executives.

 

[perfectblack999]

nikka… THIS IS MY JOB

I have literally been working in benefits and HR for 10+ years. I could go in and look at one of these peoples compensation statement right now, if I wanted to, but I won’t just to appease you clowns and end up treating a red flag for this company for randomly looking at people’s pay. I am literally one of the people who go in and set up your compensation structure so that you can look at it from your computer.

You nikkas think you know everything. I’m not saying what you’re explaining is impossible. What I’m telling you is that the numbers you’re giving aren’t the norm for a large population of people working in the field and I know because I can see it with my own eyes and I’m the one who sets it up for you. I could probably tell you the pay range and the bonus range for whatever position you’re thinking of right now. I could also tell you what factors determines your bonus range . You know how? Because I or my colleagues, are the ones who have to configure it and test it and maintain it year over year with requirements directly from the executives.

I think y’all are just debating including stock grants vs straight up salary.

I know everyone in tech speaks in terms of total comp (TC or GTFO for those one Blind), but for day to day expenses like this, it’s much more reliable to only speak on salary in my opinion.

 

[Prodyson]

I think y’all are just debating including stock grants vs straight up salary.

I know everyone in tech speaks in terms of total comp (TC or GTFO for those one Blind), but for day to day expenses like this, it’s much more reliable to only speak on salary in my opinion.

Fair enough,

But that is essentially my point.

Unless he is selling his RSUs/stock grants immediately, that doesn’t even matter. Getting 500k in RSUs is great, but its not gonna mean much if you’re spending more than you’re bringing in every month. You can’t retire off of that, and I hope you stay long enough to at least be fully vested

 

[perfectblack999]

Fair enough,

But that is essentially my point.

Unless he is selling his RSUs/stock grants immediately, that doesn’t even matter. Getting 500k in RSUs is great, but its not gonna mean much if you’re spending more than you’re bringing in every month. You can’t retire off of that, and I hope you stay long enough to at least be fully vested

I agree with you.

 

[YouMadd?]

Man I spend around 6 - 7 hundred on Uber Eats per month and honestly, it’s no excuse for that shyt. I can’t even justify it. It’s way too much

I feel you, I feel like a piece of shyt. Need to delete the apps to be honest.

 

[YouMadd?]

My G…turn on a fukking stove

It’s so easy to push the button though breh

 

[Nigerianwonder]

nikka… THIS IS MY JOB

I have literally been working in benefits and HR for 10+ years. I could go in and look at one of these peoples compensation statement right now, if I wanted to, but I won’t just to appease you clowns and end up treating a red flag for this company for randomly looking at people’s pay. I am literally one of the people who go in and set up your compensation structure so that you can look at it from your computer.

You nikkas think you know everything. I’m not saying what you’re explaining is impossible. What I’m telling you is that the numbers you’re giving aren’t the norm for a large population of people working in the field and I know because I can see it with my own eyes and I’m the one who sets it up for you. I could probably tell you the pay range and the bonus range for whatever position you’re thinking of right now. I could also tell you what factors determines your bonus range . You know how? Because I or my colleagues, are the ones who have to configure it and test it and maintain it year over year with requirements directly from the executives.

You can't tell me anything cause I'm manager. I know how much my team makes and know what offers we make. You are confused and its ok. Most people dont realize how the compensation works. If you worked for Nvida and got an initial stock grant of 200k 4 years ago it would be worth 600% more today. So in year 4 you would have pulled in 300k in stock instead of the 50k annually it was worth 4 years ago when you started. I know folks who became millionaires working at tesla back in the day this way. Just off their initial grants.

Those low numbers reported on some salary sites often include contractors and folks not bonus eligable or folks who dont report their initial grants just thier annual grants. You can tell just by looking at the base salary and reported annual stock bonus. 150k base salary even at a low 10% gives you 15k stock plus 15k cash. So if they are reporting a low annual stock bonus (Like under 25k) I already know they are not including their initial grant in that number. That initial grant should be at least 25k a year by itself.

Fair enough,

But that is essentially my point.

Unless he is selling his RSUs/stock grants immediately, that doesn’t even matter. Getting 500k in RSUs is great, but its not gonna mean much if you’re spending more than you’re bringing in every month. You can’t retire off of that, and I hope you stay long enough to at least be fully vested

Most do cash out and consider it part of their income. Imagine being granted 500K in Nvidia 4 years ago. You would be retired 5 times over. And what folks do is after 4 years sign with another FAANG and get a new 4 year stock grant. Or if you company likes you they will give you another large special stock grant to keep you afer you hit your cliff.

 

[desjardins]

Living check to check is dumb regardless what your salary is
Use high salary to build up your net worth while you can.

 

[TEH]

He doesn’t buy a new iPhone every month right?

 

[TEH]

I’m telling you. I’ll make these ppl pity me and think I need my job before I make some shyt like this public.
I took a personal day and mentioned that I have to take a few of my elders to doctor visit today (which is true!) and they were like “omg, you have to have your own life, too! Your family expects you to take them to all their doctor visits?!”

I’m thinking “bytch this is my family. Who do you think took care of me and gave me $ when I was younger? Yea I can spend 2 hrs going to the doctor and then get some extra time in the gym, shop and see one of my girls for lunch “

But if I have to share a little info to get their sympathy that is FINE. Because if I kept it and said my folks have follow-up appointments with the chief of surgery, etc the jealousy would kick up again and they’d want to know how these black ppl are in with the top doctors in the area. It’s cool. I don’t want any of these ppl to know anything about my ppl or how I spend my money lol


I remember my college boyfriend was a rich kid but let white folks assume he was broke. It wasn’t until they’d see his car and get confused, realizing he wasn’t the poor black kid they assumed lol He was really the one who initially taught me to be more strategic with them.

All this salary sharing is going to bite folks in the ass.

Exactly

 

[Prodyson]

You can't tell me anything cause I'm manager. I know how much my team makes and know what offers we make. You are confused and its ok. Most people dont realize how the compensation works. If you worked for Nvida and got an initial stock grant of 200k 4 years ago it would be worth 600% more today. So in year 4 you would have pulled in 300k in stock instead of the 50k annually it was worth 4 years ago when you started. I know folks who became millionaires working at tesla back in the day this way. Just off their initial grants.

Those low numbers reported on some salary sites often include contractors and folks not bonus eligable or folks who dont report their initial grants just thier annual grants. You can tell just by looking at the base salary and reported annual stock bonus. 150k base salary even at a low 10% gives you 15k stock plus 15k cash. So if they are reporting a low annual stock bonus (Like under 25k) I already know they are not including their initial grant in that number. That initial grant should be at least 25k a year by itself.



Most do cash out and consider it part of their income. Imagine being granted 500K in Nvidia 4 years ago. You would be retired 5 times over. And what folks do is after 4 years sign with another FAANG and get a new 4 year stock grant. Or if you company likes you they will give you another large special stock grant to keep you afer you hit your cliff.

No, I’m not confused.

First, let me remind you of the premise of this thread. It was a guy spending 11k+ per month. My initial statement was with regard to take home pay, not total compensation.

I also made the assumption (and stated as much) that he was early in his career, and that’s why I gave him a salary ranging from 200-225k cash compensation, although after seeing a closer picture he looks older than I thought he was.

Your response assumed I was talking about total compensation when I wasn’t. And I’m not going to assume what he’s doing with any additional non-cash compensation that may or may not be vested.

Your hypothetical scenario doesn’t really change any of what I said.