@scottalanmiller said in Will Tech Giants actually adopt WFH?:
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@scottalanmiller said in Will Tech Giants actually adopt WFH?:
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@scottalanmiller said in Will Tech Giants actually adopt WFH?:
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@scottalanmiller said in Will Tech Giants actually adopt WFH?:
But admins head closer to $500K.
Where?
You can easily get in the $200-250k range but to get above that you pretty much got to go into the research science, supercomputer/computer science kind of stuff IMO.
Scott was the CIO or a step or so below or to the side of that making that much or more on wallstreet. So sure, it's possible, but again, just super rare.
These are true facts, but this mixes things together in a misleadingly suggestive way. I was a CIO or similar on Wall Street. But that only explains why I have such broad insight into what different roles get there. I was also a true admin and engineer there.
CIOs make way, way more than this up there. You word this in such a way to make it sound like you believe that it was me not being an admin, but rather a CIO, and to explain my salary that way. But that's wrong. And we aren't talking about me, but jobs in general. All of your implications here are completely wrong.
My CIO offer was in the millions, not the hundreds of thousands. And I hired admins, lots of them, at this prices. Real admins. And I worked as an admin and I'm using the admin salary, not some other salary, when I talk about admins. And I still, to this day, am used as a salary advisor for hedge funds who call me and I help to set their hiring prices. So I think you tend to mislead in how you present this. I'm part of the hiring manager teams, still today, who determine these salaries. So when I say $450K is what we intend to hire at as a mid-point for a position category, I mean it.
How could you turn down that job? lol
Lawsuits from other banks. It wasn't just good money, which is obviously a factor, duh, but it was an amazing team, private flights, my own offices and staff in NYC, Zurich, and France, a junior CIO to support me off hours in Singapore, HK and Tokyo that would report to me, a budget of billions... it was amazing on the tech side and the human side. It was also a "move into the office and work non-stop" position with crazy stress, but brilliant, amazing people. Best interview I've ever been to, best offer I ever got.
Why would other banks sue?
Sadly, that's what they do. On the surface, the official complaint was that I was so high level and valuable that it was not acceptable for me to work in the US for three years (they literally said if I moved to the other coast to bag groceries that they'd find me and stop me and shut down the store) because I had too much insight into other country's finances (I did not, that was a lie, but in theory, I could have seen, maybe.)
But the real issue was deeper. The bank I was at touted that they were the best paying, most advanced environment out there. But the job I was going for had interviewed tons of people from our bank and turned them all down, including my manager, and offered me the job on the spot and had told the headhunters that I was who they were really looking for. So the bank I was at had a lot of internal politics to be impacted if word got out that they weren't paying, acting, or staffing competitive with another bank - it would dramatically undermine their culture and facade. To a tune of potentially billions of dollars.
As my lawyer said... no question we'd win the lawsuit. But they'd destroy a decade of my life while we fought it. In the end, we settled on a settlement involving money and me retiring and leaving the country. And at the end of the day, while I REALLY wanted that job (not for the money), I think things worked out for the best and that wasn't the life for me while raising kids.
That's crazy I had a similar thing happen to me.