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Comment by raverbashing | Hacker News Reader

> helsinki, stockholm, berlin, amsterdam, etc you’re talking 5X less salary than in Silicon Valley.

Certainly not for the same seniority level (and not considering stocks, which people in those places do get)

Or you're telling me that someone making 60kEUR in Berlin could be transferred to SV and their salary would immediately flip to $300k on the payslip? (no promotions/stock/etc)

Realistically, more like 2x, 2.5x, 3x if we're stretching it for the mentioned cities

> Given the tech talent in those cities, there must be some arbitrage opportunity there.

Absolutely ;) Though on SV salaries you're getting paid for the less PTO, the stretched hours, etc so probably not such a big arbitrage

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> you're telling me that someone making 60kEUR in Berlin could be transferred to SV and their salary would immediately flip to $300k

Yes. And it’s not just FAANG anymore. That’s a totally reasonable comp at about 30-50 different companies in the US right now (and the number of companies paying this comp is increasing along with the size of fundraising rounds).

Also, in my experience nobody is working 60+ hour weeks at these companies (the bigger the company, the easier the job), so it’s not like anybody is being overworked to get this money.

Yes, I have 10 years in SV and I if I moved back to Stockholm my compensation would be approx 1/5 of what I have now. It’s ridiculous.

And what kind of person you think we are talking about here for 60k in Amsterdam? Is that a senior Software Engineer? Or even an engineering lead (responsible for a bunch of other SEs)? Because 60k per year in Amsterdam equates around 4.6k per month + holiday pay. I can hire at most a medior - senior SE for that in AMS (let's say 4-5 years of experience) and I really don't believe a person with that kind of experience would earn 300k a year in SV.

> you think we are talking about here for 60k in Amsterdam? Is that a senior Software Engineer? Or even an engineering lead (responsible for a bunch of other SEs)?

Yes, at most I'd say at that seniority level, that's why I'm questioning it. (300k is probably at a higher level AND with stocks, etc)

(Though I mentioned Berlin, not AMS, which has slightly higher salaries)

> I really don't believe a person with that kind of experience would earn 300k a year in SV.

I just spoke with someone two years out of CS undergrad who’s starting at $350k TC at one of the big SV unicorns.

I'm 3.5 years out of CS undergrad, successful in my niche, receive good reviews at work. Graduated top 10% of my class and was hired before I ever graduated.

I make 78k in a medium cost of living US city where a 3 bedroom 2 bath house costs $450,000 1 hour away from work. The same home costs $700,000 within 20-30min of work.

Something overlooked a little bit is student loan debt many American devs start with. I have $50k in student loan debt myself.

We make more than in Europe, but most of us aren't drowning in money like people from SV would make you think.

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