According to new data from Blind, an anonymous forum for tech employees, Google and Meta (formerly known as Facebook) generally offer higher compensation packages to their software engineers compared to their peers in Big Tech. On the other hand, Apple and Microsoft tend to pay the least for entry-level engineers, although compensation becomes more comparable across Big Tech for senior talent. Amazon stands out in terms of longer promotion timelines and wider pay ranges for engineers.
The data used for this analysis is based on self-reported compensation packages from Blind users from January of the previous year to the present month. While public companies are required to disclose the average annual compensation for all employees in relation to CEO pay, detailed level-specific pay data is typically not readily available unless one is applying for a specific job. Blind, however, provides an anonymous platform that requires users to verify their workplace using their work email.
Blind recently published an interesting chart that highlights the disparities in compensation among Big Tech companies. This chart visually represents the findings and allows for easy comparison.
Some additional noteworthy findings from Blind include:
1. Google and Meta offer higher pay to software engineers compared to their peers. These companies prioritize competitive compensation packages to attract and retain top talent in the industry.
2. Apple and Microsoft offer relatively lower compensation packages for entry-level engineers. This may be due to various factors such as different recruitment strategies, company financials, or focus on other forms of employee benefits.
3. Compensation tends to become more comparable across Big Tech companies for senior talent. As engineers gain experience and expertise, their value in the job market increases, leading to more equitable compensation offers from different companies.
4. Amazon’s promotion timelines are known to be longer than its peers. This could potentially impact career advancement and overall compensation growth for engineers within the company.
Another resource that provides valuable insights into tech industry compensation is the recent midyear compensation report from Levels.fyi. This report includes data on what private tech companies pay across various levels of seniority. For instance, according to the report, an L5 engineer at OpenAI can expect to earn over $900,000 per year.
Understanding the landscape of compensation in the tech industry is crucial for both job seekers and employers. It helps individuals make informed decisions about their career choices and negotiate fair and competitive offers. Additionally, this information allows companies to benchmark their compensation strategies against industry standards and attract top talent.
Ultimately, the data from Blind and other resources provide valuable insights into the compensation practices within the Big Tech companies and the tech industry as a whole. It serves as a useful reference point for individuals looking to enter the industry, negotiate salaries, or simply gain a deeper understanding of the compensation landscape in the tech sector.