Compensation Q&A and Videos

Hey there 👋 For context, I quit a toxic job 2 months ago and I'm back in the job market.

I just finished an interview process with a company I really like, I think it checks almost all the boxes:

• Company size (Series C)
• Culture
• I'll join the team that will be on the spotlight for the next 18 months -> My job will have a major impact.
• I would be able to work on React Native if I decide to (I'm a frontend engineer w/ React expertise)
• I think that I can reach staff level in about a year or two there.
• People I interviewed with are superb.
• Fully remote.

I expect to get an offer from them on Monday (I'm writing this on Thursday night). I know that because the recruiter called me today to touch base and to tell me that things went good! The problem with this company is that the salary is more on the lower side...but it's still on the range I have in mind.

The dilema is that I'm just starting to interview with other companies that pay 50% more, but finishing interviewing with them will take me at least two weeks...and the company I'm getting the offer from probably won't hold the offer for that long.

I have a few thoughts / concerns that I'd like you to help me sort out / discuss:

• I'm thinking that it would be wise to optimize for career growth, I probably could get a better job if I manage to do great things in the company I'm getting the offer from. What do you think? The salary is not as high as the other companies, but it's good money. (FWIW, I live in a low-cost-of-living country)
• I was hoping that I could negotiate a better salary with this company if I had other competing offers, but I got nothing, and I wouldn't get any other offer by next week. Do you have any tips about how to negotiate a better offer even when I don't have the leverage of a competing offer? I understand this might not be possible. I feel that I did a really good interview process though, so maybe I could use that as leverage.
• I really like one of the "slow companies", but they've been just dead slow. I interviewed with their CTO and he said that they will kick off things immediately...but that hasn't happened. Should I ping him? I feel that they should be the ones making the next move, but I'm not 100% sold on that idea.
• The other companies are just fine, honestly, their pay is what makes them more attractive.
• Not sure if this is relevant or not, but I'm 36, I wonder if I should spend my 37-38s working for the company that pays less than the others while chasing career growth.
• I have a good runway, so if don't end up with an offer from any of those companies, I'd be just fine for another 8-12 months.
• I live in Latam, so it's hard to get 100k+ offers, it's not like I have a pool of options to choose from.

Thanks for reading! 😁

I'm currently a frontend engineer at mastercard with 3 years of experience. I've been thinking about my next career move and do want to increase my compensation significantly within the next year. Outside a promotion, I can start leetcoding (I'm very out of touch atm) and try to land a higher paying job. But the other option is to learn blockchain and try to break into that field as it is more niche, maybe more high paying, and competition would be less too. But a quick glance at blockchain jobs on linkedIn wasn't very convincing as most jobs were asking for staff level devs. What do you guys think is the best avenue? Learn a niche technology or go the traditional route of leetcoding but has also has a plethora of competition especially in the current economy?

Appreciate your input!

In uncertain times, and given the risk of job security in tech, what are your views on passive income modes or side hustles such as writing a blog?

Can you suggest some of these for someone who is currently a backend software engineer?

Also, I am ruling out hustles such as driving Lyft/Uber as they require active participation.

I'm not from a strong coding background, learning Java (just to know a JVM language first) for the first time. Worked in IT industry for 4 years now in Infrastructure.

What path can I follow to land a job in a big tech (I'm also from a foreigner country) in the role that I aim to, even if it's to become a Junior or entry-level SWE?

Don't really care about decrease in pay.

As I think about my career a few years from now, I wonder if I will continue to learn and grow at Amazon or if it would make sense for me to switch to a startup. I do care about compensation as well so that may be a limiting factor in jumping to a startup. What advice do you have for someone who may be interested in working at a startup vs. Big Tech? How many years of experience should I rack up at Amazon / in Big Tech before moving to a startup?

I'm wondering what does it takes to go from an average senior software engineer to a top senior engineer making more than 500k. Any recommendations on a step by step guide that I can leverage to reach my goal.

Thanks

Definitions:

Backend: Distributed Systems, scalable applications, fault tolerant systems, control plane applications, API development, uses higher-level languages like Java/Python.

Low-Level: Database Internals (Query Optimization, Transaction processing, Data/Storage engines), Compilers, GPUs, latency sensitive software, accelerators. Usually C/C++.

Which is better for long-term career growth and compensation?

Let’s say 2 companies give you different levels, but the compensation is the same. Is it better to have the lower level to have lower expectations? Zooming out, how should I think about level and its overall importance across my career.

I'm optimizing for compensation over the next 3-5 years.

What makes the most sense to target next?

Context:

Currently a senior software engineer at Big Tech in the US.