Facebook Engineer Salary
 

I have around 12years of experience and I might get an offer next week from Facebook for a full stack engineer role at Singapore. How much can I expect or what is a fair compensation?

Appreciate your input.

15k sounds good?

Can you guys post the expected salary vs years of experience/seniority?

I got 5k with 1 year of experience. Now 10k (7k base + stock/bonus) at 5 years. Is this good enough?

7k for 5 years exp is ok for general IT, but if it's niche areas like app development, cybersecurity, clousd or data analytics then it's very low as a lot of fresh grads are already being offered 6k+/- right at the start.

Sounds like 10k/mth material.

Start-ups are not as appealing as you think
 

CS graduate salaries in Singapore can vary by a huge margin. I've seen fresh graduate being offered 7.5k/month in 2015 and also personally received offers from barely 3k/mth to 6k/mth in the same year.

A lot of it depends on the company and I think Insiocto provides a pretty accurate account of the market rates.

To add to his research, according to my own personal experience and despite some local companies giving salaries that are on par with or only slightly below what companies like FB and Google can offer, they lack much in their growth potential. Here is why:

I have a friend in my same cohort (NUS CS) and both of us received first class honors. After graduation, he joined one of the rising startups (Grab, Garena, etc.) and I joined an MNC (FB, Google, Autodesk, etc). Both of us had equal monthly salary (6k/mth). My package was a little bit better because I had sign-on bonus and stock options. At that time, I thought those were only one-off benefits so I believed our packages were pretty similar.

However after a couple of years, my base salary grew by more than 200% and my friend grew by about 160%. And that was just base salary. On top of it, I also received more stock options every year and extra bonus for performing beyond expectation so I'm earning almost 2 times more than my friend. What's more, I got more insurance coverage, more cash benefits and travel opportunities (yes software engineers also travel quite often at MNCs). A year of business travels earned me enough miles to get free air tickets for my personal vacations.

This is only my personal experience so take it with a grain of salt. However I do recommend most people to join the big MNCs over local startups unless you really believe in their product and think that they would be the next unicorn. Even then, joining startups that have gone beyond series B or C will not earn as much as you would expect when they exit. In my opinion, MNCs offer much more stability, growth potential and work-life balance.

For CS grads if you are willing to take a bit of risk for massive compensation and early retirement, can consider joining those startups instead.

I have a friend from CS after school chose to join one of those start ups doing ecosystem for logistical truck analytics. Although the starting pay was quite low (he told me ~4k compared to his peers joining MNCs for 7k), they offered a lot of stocks/options which can potentially be striking Toto.

After 2+ years there the startup was bought over by UPS and he was compensated nearly 700k to buyout the options. He has now invested the amount and achieve partial retirement which gives him financial security to work for another tech startup which meets his passion.

How high can you get after 5, 10, 15, 20, 30 years if you only stick to Software Engineering, no management?

Depends, in some top IT MNCs a tech specialist can be paid much higher than even Directors and VPs. It is not uncommon to hear of specialists getting paid > US$1 million esp. among companies doing cutting edge software development.

Only trapped behind time bureaucratic local companies / gov organizations have this ridiculous idea that the more people you manage the more pay you get and keep forcing good techies to play office politics to be a "manager". In many progressive companies technical tracks run parallel to management track all the way up to C-suite.

Salary MBB-IB-Shipping
 

Hi everyone

I wanted to ask you about the salaries in this fields: Management Consulting , Investment banking and Shipping(shipbroking and chartering etc)

Whats the starting average salary in this industries and the progression? Here in Singapore london nyc
Whats the most difficult one to get into?

I reffer to compaines like Mckinsey Goldman morgan stanley , and Clarksons ssy

Please solve my doubt if someone know about this

Thnaks in advance!