Originally posted by Henry Wong:
Founders and early employees can also be highly compensated. However, most of it is proably stock options, which requires the startup to actually succeed (sold or go public) before anyone sees any money.
Yeah, I'm still putting those flames out.
Originally posted by Pat Farrell:
or can be worthless if the company craters.
Originally posted by Jothi Shankar Kumar Sankararaj:
This guy is looking for a figure that says or explains him the most highly paid IT skill.
Originally posted by Mohan Karthick:
If you own a company whom do you pay more? Being an owner of company your main aim is to get more profit with more business. Am I right?
Now who will accomplish this thing a Good Developer, Good Architect or Good Manager?
The person who brings in new business - Business Development Manager.
The person who deliver the project as per clients Satisfaction- Project Manager
Above two position as the highest paid. To give more justification PM is solely responsible for project delivery whether he is having a good developer or good architect it is his headache, some time he may fire up architect and hire a new one or groom senior developer to architect level.
Originally posted by Jayadev Pulaparty:
One pressing requirement that i noticed for that role is an MBA degree from reputed schools. I always wonder why they are very particular on that tag? I feel that if the person is shrewd enough, he can definitely handle any tricky situation that comes along.
Originally posted by Jesus Angeles:
I noticed that banks and financial institutions like Citibank and Merrill Lynch, pay more. I would guess that the reason is the size of the company.
Originally posted by Mark Herschberg:
It has nothing to do with size. WalMmart, for example, is much bigger in size than many financial companies both by market cap and by number of employees
Rather it has to do with operating margins. By the nature of their business, financial institutions bring in a lot of money, e.g. getting 7% of a $1B M&A deal is $70M. That's a lot of money. 7% isn't a huge fee, but $1B is a huge transaction and the type you're unlikely to find outside of finance. See if you can find another industry where so few people move so much money.
There is inherently more revenue per capita than in most other industries. Consequently there when a top candidate is deciding between a financial firm and a non-financial firm, the former can out bid the latter. Even between two financial firms, in areas like M&A the different between hiring the #1 or 2 guy versus the #5 or 6 guy means the different between landing the $1B deal and not, so the company will pay very highly to make sure it gets the top people away from competitors driving up wages. In software it's much harder to tell if the #1 or 2 developer really had a much more sizable impact than the #5 or 6 developer.
This last point is critical to understanding compensation. The more directly your actions can be shown to boost revenue/profit the more claim you can lay to a piece of that money and the more upward pressure there is on wages for that role in that industry.