Google and Meta lead the pack in compensating software engineers, while Apple and Microsoft tend to pay less to entry-level engineers, new report reveals.
Are you an engineer looking to get a job in a big tech company? You should know that not Microsoft or Apple but Google and Meta are highest payers among their competitors.In a recent study conducted by Blind, an anonymous forum for tech employees, it was discovered that Google and Meta (formerly known as Facebook) offer higher pay to their software engineers compared to other major tech companies. On the other hand, Apple and Microsoft tend to pay less to entry-level engineers on average. However, as engineers advance in their careers, the compensation differences among these Big Tech companies become more comparable.
advertisem*nt
The report was first published by The Verge. The study, based on compensation data reported by Blind users from January of the previous year to the present month, sheds light on a side of tech companies that is usually kept private. While public companies are obligated to disclose the average yearly compensation for their entire workforce, specific pay information for different job levels is typically undisclosed, except when individuals apply for specific roles. Blind's platform, although anonymous, requires users to verify their workplace using their professional email address.
The study also revealed interesting insights, such as Meta's engineers advancing in levels relatively quickly and receiving some of the highest pay among tech companies. On the other hand, Microsoft offers multiple job levels for software engineers, possibly giving them more flexibility in promotions. However, the study noted that Microsoft's total compensation tends to be lower compared to its counterparts, except for roles at the "staff software engineer" level.
For those seeking more information, another valuable resource is the midyear compensation report from Levels.fyi. This report provides insights into the compensation structures of private tech companies across different levels of seniority. As an example, it highlights that an L5 engineer at OpenAI could earn more than $900,000 annually.
Overall, this study brings to light the varying compensation practices among major tech companies, revealing that Google and Meta are among the top payers for software engineers, while Apple and Microsoft lag behind in terms of entry-level engineer pay.
Published By:
Ankita Chakravarti
Published On:
Aug 29, 2023
