Neo wrote:I was told in my profession, some big private sector companies like Google for example pay engineers and software developers pretty well. I have heard that such companies like Facebook and Google pay like $300,000 a year.
I wouldn't be surprised, but that is really on the upper end. Either an engineer who is considered particularly talented and valuable, working on some special project, or an engineer in mid-upper level management.
You also have to consider housing costs in that area. A household needs to earn at least $200,000 to afford a normal middle class home in that area. Probably somewhat more than that. It can be hard to retain qualified and talented people in an area where the housing costs are so high. Given that being the case, $300,000 is not really as high as you might think for that area. Consider that your mortgage payment would probably cost $73,000 a year, nearly half of your after-tax income (the state also has higher taxes than most states, especially for higher incomes).
Probably more typical salaries are about $130,000 and $170,000 would be considered very good, better than average. Although $220,000 engineer salaries are not extremely uncommon in that area, for someone with experience, who the company recognises as talented, and puts in 52 hour work weeks.
Of course it's the type of job that many people are probably not well cut out for. It's no coincidence that 80% of software engineers at Google are men, and that's not because of any discrimination by the employer.
I don't wish to discuss this more, since we're getting off topic.