Levels.fyi 2024 Annual Pay Report

Question

Very excited to officially announce our 2024 end of year report, the most comprehensive Levels.fyi compensation report we’ve compiled to date 🚀🎉

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/

TenuredGeek · Accepted Answer

Comparing the 2023 and 2024 report, it's pretty interesting how the top paying companies for every engineering level remained the same across the two years. Databricks being the top paying company for standard level L2 and L3 is insane

eightysixer · Answer

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?

chuuj516 · Answer

Finally, a YOE distributed chart for PMs!

ramenenjoyer · Answer

It always surprises me to see how high US pay is compared to literally everywhere else in the world. Zurich, the top paying location outside of America, actually competes with the top 10 American cities but every other international city is below the top 10 for US. Crazy.

Anamika007 · Answer

Thanks for the report. One comment w.r.t the TC leaderboard for companies. I feel like we need to take into account the current valuation of the stock or atleast have separate leaderboards for public v/s private companies.

For example LinkedIn with guaranteed stock, is not the same as Waymo which is still a startup albiet doing well, v/s Nuro where the stock might not even mean much given its financial situation.

Levels.fyi 2024 Annual Pay Report

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