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[return to "$900k Median Package for Engineers at OpenAI"]
1. jedber+l7[view] [source] 2023-06-24 17:05:59
>>zuhaye+(OP)
Based on what I've seen/heard, they seem to follow a similar comp philosophy to Netflix -- pay top of market to get the best people.

But it's also important to note that only $300K of that is in cash. The other $600K is in profit participation, which could take years (maybe even a decade!) to be realized. It could also be worth $6M a year when it's realized.

But ultimately it's an investment of your time. Or to think of it another way, you're getting paid $900K a year but you're also investing $600K a year in OpenAI, which may end up being an amazing return or nothing at all, just like any startup investment.

Although with Sam at the helm, my guess is it will probably be worth more than $600K a year.

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2. jocaal+uc[view] [source] 2023-06-24 17:40:53
>>jedber+l7
Honestly, if you take 300k home, the risk isn't that high. But the reward is insane.
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3. QIYGT+Wg[view] [source] 2023-06-24 18:09:31
>>jocaal+uc
That person could probably be making 500k+ at a FANG with less variance in the stock component.
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4. morale+Nu[view] [source] 2023-06-24 19:37:25
>>QIYGT+Wg
I read this here and there and don't doubt it, but then again I've never seen/met anyone IRL (outside of C-level) making this much money as an employee.

Are they just extremely rare cases or am I just not aware of the valley and their customs?

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5. johnmy+sv[view] [source] 2023-06-24 19:41:56
>>morale+Nu
Have you met any IC8+/D1+ working for Meta in the US?
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6. morale+8A[view] [source] 2023-06-24 20:17:27
>>johnmy+sv
Honestly, no.

I mainly hang out w/ people from Europe and random parts of the States (like MA, they're paid good but not THAT good).

Dumb question maybe, but now I'm curious.

What does it really take to land a job like this one? Luck? Your network? Experience? All of it?

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7. sangno+W11[view] [source] 2023-06-25 00:28:23
>>morale+8A
Luck, experience, and lots of Leetcode. Networking can get you a referral for an interview, but you definitely need the former.
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