zuhayeer in  
Founder at Levels.fyi 

Levels.fyi 2024 Annual Pay Report

Very excited to officially announce our 2024 end of year report, the most comprehensive Levels.fyi compensation report weโ€™ve compiled to date ๐Ÿš€๐ŸŽ‰


While the market has fluctuated around, the top of the industry still pays very competitively. The top is still the top. In the report, we cover the top paying companies categorized by software engineering level, top paying companies for product managers by experience level, additional titles, and top paying locations across the US, Europe, and globe.


We also cover our 2024 stats for our negotiation service. Our highest increase this year was a $2M bump for a Principal AI Engineer at a FAANG company.


View all this and more live at https://levels.fyi/2024/


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Some reports from previous years to compare:


2023: https://levels.fyi/2023/

2022: https://levels.fyi/2022/

2021: https://levels.fyi/2021/

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eightysixerSoftware Engineer  
First of all, love the report and I appreciate all the effort that went into it. One question from the SWE one pager. In the bottom right it says: "All levels saw an increase in median annual TC above the standard 3-4% aside from Entry and Staff levels." So as a staff eng going into review/raise season, this kinda sucks lol. Just curious if there's any speculation as to why?
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madscienceSoftware Engineer  
Anecdotally, I feel like a lot of the market movement last year was around that mid/senior level due to a lot of downleveling from Big Tech. At least from what I saw from colleagues and other friends. So you're jobless as a Staff/Principal Engineer and the only offers you're getting are for Senior level, so your comp will be higher than the average senior, but probably not by much. Same thing I saw from Senior folks getting downleveled to that mid-level, SDE2 range.
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