Hiring C++ isnt especially hard because our pay is opaque. Recruiters will tell you immediately what total comp you can expect and they'll let you know what you can contractually guarantee year 1.
Hiring for C++ is hard because C++ is hard and most people are quite bad at writing even somewhat reasonable code.
I was told $300K about a decade ago and I told them no. I was already making more than that at a big tech company with a much easier pace of work. $500K would have peaked my interest, why didn’t they tell me $500K if that was an option?
A quick google search is suggesting that $200K for the top end of experience, when I was told $300K they said it was as high as they go. Where is the rest of this compensation coming from? Maybe they could give stats for bonuses but when enquired it seemed that the bonus pool was being eaten up elsewhere and the C++ devs were in the back of the line for that.
200k for the salary part might be the highest salary they offer.
Often bonuses can be >100% of the salary. Bonuses vary based on firm performance. The advice is typically "Live within your salary, don't let your lifestyle creep up to demand your full total compensation". HR typically emphasizes that the bonus is not guaranteed (unless you negotiate a guaranteed bonus for some number of years [1-2] after hiring).
Also, salaries/TC have gone up in the last 10 years.
To get the aforementioned $500K it would need to be an average of 150% bonus. And that’s just to equal the FANG equivalent plus some extra for the added intensity. The firm should be able to give historical averages. And I was given the distinct impression that the developers were last in line for the bonus pool, which may have changed in the intervening 10 years, but they should advertise that.
This. I think these firms would have an easier time hiring engineers away from FAANGs, if they realised that FAANG engineers don't precisely understand how the bonus system works. (I think the vagueness is actually seen as a feature of the bonus system!)
They were quite explicit that management, traders and quants take the initial passes at the bonus pool and not to expect much out of it. 100% seemed to be the max not the minimum. They made it clear that C++ devs are support staff and hence second class citizens. And as a second class citizen in a support role it would be hard to make the case for a personal performance bonus.
I think any experienced c++ dev knows there is good money in HFT. Hiring for HFT is also hard, I imagine, because the industry is parasitical. Id like to look at my work and feel that it is contributing something net positive to society.
Same with the poker machines. Recruiters gotta recruit, but I’d just make my own meth if all I cared about was the money.
Hiring for C++ is hard because C++ is hard and most people are quite bad at writing even somewhat reasonable code.