The new bill will take "cash bonuses and similar compensation" into account. A rock bottom offer from FB/Google/... to new grads in the bay area is typically 160k.
I don't believe it. Maybe if you add up all the initial grants, but those vest over 4 years but I would bet a rock-bottom offer to a new grad is more like $120k/year or even $100k/year.
Still ample for an H1B (well, under other bills) but I suspect this will put significant upward pressure on salaries in the tech industry.
Yes I was counting equity in, since they're publicly traded companies, RSUs are pretty much equivalent to a cash bonus, at least to me...
But even without that, given the total compensation, I'm sure it'd be easy for said companies to extend offers that are over $130k in cash on paper, since it includes bonuses.
Yes, RSUs are cash, but only when they vest. The way I see it, RSUs for those companies are more like guaranteed raises than current compensation. So it might be more accurate to say that a rock-bottom offer from such a company guarantees you will rise to $160k/year total compensation within four years, but the total compensation in your starting year will probably be less than $130k.
Yeah, that sounds right. But $160k sounds super-high. I would be very surprised if a new grad at Amazon made more than $130k total compensation in the first year.
Of course, the way the RSU vesting schedule works you would have a more-or-less guaranteed raise to $160k/year by your 3rd year or so, but $160k/year is not "rock-bottom" starting pay.
The new bill will take "cash bonuses and similar compensation" into account. A rock bottom offer from FB/Google/... to new grads in the bay area is typically 160k.