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Taro

[Taro Classic] Understand How You're Paid In Tech And Make More Money

via Taro

Overview

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Let's be real: A big reason people become software engineers is because they're paid well (and this is totally okay!). The tricky part about this phenomenon is that it comes with a strange first world problem - Tech compensation is *incredibly* confusing, especially in Silicon Valley where so many engineers receive a meaningful amount of equity. This is a problem with real stakes; if you don't understand how all the different components of tech pay works, you can easily miss out on hundreds of thousands or even million of dollars. After going through this course, you will: - 🧩 Understand the major components of tech pay and which parts really matter, especially for top companies like FAANG (hint: it’s not salary) - 💰 See the different cash compensation options tech companies can offer - 📊 Know what a stock option actually is (not just what the TV shows and movies make it out to be) alongside equity overall - 📈 Have a high-level strategy on how to maximize your tech pay across a long-term career horizon - 🤝 Negotiate your offers with confidence

Syllabus

  • Overview
    • What Makes Up Total Compensation (TC)
    • How Base Salary Becomes Insignificant
  • Bonuses
    • Signing Bonus
    • Example: Meta Pays Top Interns $100K To Come Back
    • Performance Bonus (With Meta E5 Example)
  • RSUs
    • This Is How FAANG Pays So Much
    • Tips On Navigating RSUs
    • Case Study: It's Double-Edged Sword (Pinterest)
  • ESPP
    • Tips To Navigate ESPP
    • ESPP Example: $85K Salary
  • Stock Options
    • The Most Misunderstood Part Of Tech Pay
    • Stock Options Example: Kosei (Pinterest Acquisition)
    • Mapping Out Stock Option Scenarios
    • Tips To Navigate Stock Options
  • Maximizing Your Pay
    • The Incredibly Rare Financial Benefit Of Top Companies
    • You Can’t Job Switch Forever
    • Promotion Is Your True Career Foundation
    • Why You Should Start At Big Tech
    • Don’t Mess Up Your Taxes!
  • Negotiation
    • Why You Should Always Negotiate
    • The Key Insight Behind Negotiation
    • Never Give A Number
    • Getting A Raise At Your Current Job
    • 3 Quick, Powerful Negotiation Tips

Taught by

Alex Chiou & Rahul Pandey

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