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There are a few ways programmers can score big money — high-value consulting, entrepreneurship, early-stage stock options coming to fruition in a liquidity event but the simplest of them all is a Big Fat Paycheck. In general, programming is a well-compensated skill, but when it comes to certain industries, or certain skills, or a combination of both, compensation gets an order of magnitude more than the decent salaries.
These outliers in compensation are more apparent in the United States where the fight to find and retain talent has protractedly been intense, especially, when it comes to technology giants and aggressive finance sector companies.
In most cases, engineers who get paid prodigiously happen to be more than an engineer. Their role entails leading other engineers and working alongside higher management but despite that, complex engineering is the essence of the work. That could be heading a team to build a massive cloud infrastructure, for instance. Finding actual salary figures is tough. Because of this, a precise analysis is next to impossible. Therefore, this is a loose collection of salaries that I have seen mentioned on forums, articles, and news to provide an approximate picture.
Dan Luu, an ex-Google Engineer, compared the benefits of working for a startup vs. In some cases, you can even cut your way short to that figure with skilful negotiation. Notable technology companies pay well as a part of their standard compensation structure, which makes it only a matter of clearing the interview to receive the generous offer although, negotiating is always advantageous.
Paycheques of half-million dollars are beyond the territory of standard compensation structures. The tech giants can offer it to those with outstanding senior-level skills in a valuable role such as that of a cloud architect. Building and maintaining cloud infrastructure is an onerous project which makes skilful engineers invaluable contributors.
In certain roles the superior skill-set might not even be necessary. To make a million dollars a year, you have to be slightly more than brilliant; you have to either be insanely experienced or prolifically accomplished.
But bear in mind that this is the highest reported salary at Google; only a small fraction could be making this much. In certain cases, the skills needed to make seven figures can be less demanding. Sadly, Sergey was later prosecuted for code-theft from his ex-employer, Goldman Sachs. If making a million is insanely hard, what to say about something upwards of it. There is a meek possibility that the engineer might be one of the mighty legends who have been with Google from the outset.
Certainly, if you are an engineer of that stature, Google ought to do everything to retain you. Going beyond that number sounds almost ridiculous but going by a credible sounding claim, there is a possibility of someone getting more. And what is K Programming Language? Both of which are extensively used in financial systems. The rewarding pay, however, is not simply for being familiar with the language and database system. The major skill is having a strong knowledge of low-level details combined with knowledge of distributed computing.
In any case, this is an immense sum to pay for a niche engineering skill but from another perspective, not so much if your work handles billions of dollars. The numbers, however, are for annual compensation. The article has been corrected to reflect that. Success of this level is driven by a combination of working on something massive, having years of valuable experience in a specialised field and some bit of luck.
Programmers have the potential to create immense value for businesses and million-dollar paycheques is a small indication of that. Where Does it Come From? Subscribe Enjoyed this post? Get an email notification when I publish.