How does your salary compare to tech companies? I know levels.fyi isn’t very accurate, but it’s all I’ve got and it doesn’t look that stunning. On the other hand, maybe the culture, meaningful work, etc. is better so lower pay is fine: https://www.levels.fyi/companies/mercedes-benz/salaries
Salary is quite a bit higher than this shows (the "software engineer" salaries listed here are for Germany, not the US), but there are no stock options, so total comp is probably lower than FAANG. I started as a "engineer" (P2, between junior and senior) at 135k 5 years ago, and each level has come with a ~20k raise, plus annual raises in between. The bonus percent gets bigger too: as a P1-2, your bonus target is 10% of salary, at P3 it's 12%, and P4 is 14%. That's further modified by personal performance and company performance (0-1.5x for personal, and 0-2x for company; last year I was at 1.44x and 2x respectively, for a bonus of ~35% of my salary). They're also not stingy with promotions, I've been promoted twice in under 5 years, and my base salary is currently ~180k.
I worked at Amazon for 5 years before here, and have been here for another 5. The job is less stressful, the work is more meaningful (to me anyway, in that cars are more interesting than web ads were), the culture is more fun, and things are less cutthroat. I probably don't quite make FAANG money, but I don't put up with FAANG BS either.
