Even in the US, "$400k" is almost certainly an outlier and not the typical case. Ever notice how people making these claims never provide data about actual comp distributions? I've been an engineer for almost 10 years and never had an offer come close to $400k per year.
Everyone on HN knows someone whose brother's uncle's girlfriend's nephew's former roommate works at Facebook and made $400K as a developer. And they'll point to that one person and say "See, it is possible to make $400K in tech." Yes, it is technically possible, just like it's possible to do plenty of difficult things. That doesn't make these salaries common. For every 1 person making $400K-800K at FAANG in the Bay Area, how many dozens are working outside the Bay Area and/or for some no-name company making $120K?
I dunno man. A good third of my class seems to be working at FAANG and we're all from an unremarkable university in Eastern Europe. I'd imagine the prospects are much better if you start in the States already.
The official estimate of software developer positions in the United States was 1,656,880 in 2023.[1] 10% of that would be a high estimate of FAANG software developers in all countries. And most in those companies make less.
It probably depends. I know at a very senior level in a lot of companies, you can hit a base salary around half that for Staff/Principal positions and some Architect roles, especially in higher paying areas. The value of stock offerings and other compensation, bonuses etc will vary a lot though. You may grind out 5-10 years to reach that level, then 5 years to fully vest at half that pay to see a $1M stock payout at 5 years bringing the average to $400k. Who knows. Different arrangements work differently.
As an aside, when the market is relatively good, don't be afraid to straight up ask where compensation is on given roles when recruiters reach out, or to ask for more than you think you might get. You're pretty unlikely to get $400k or anywhere near it as a base... but you'd be surprised how reachable say $150k+ is as a base salary for a remote position when you aren't in SF or another major/expensive city.
It's the typical case for Bay Area-HQ tech companies, at essentially all levels for Tier-1 companies, higher levels at Tier-2/3 companies, and specialist roles beyond that.
"software engineering" doesn't print money any more than being "in finance" does, you'll make more or less depending on what company you do it for.
The numbers are real. I was in a similar incredulous position 4-5 years ago. Hiring is still relatively weak, but you can always try to get an offer yourself. Or even just talk to and ask recruiters; they have no reason to lie. You don't have to take your cousin's girlfriend's uncle's word for it.
A giant proportion of developers have no idea wtf “levels.fyi” is and are quietly writing Java or some shit in some suburban office park in a city you wouldn’t ever bother to visit, for $80k-160k/yr.
