Facebook, Amazon, Apple, Netflix, and Google, together known as FAANG companies, are five of the biggest tech companies in the world. These companies provide a wide spectrum of opportunities for software engineers, coding engineers, and software developers. Landing a job at these tech behemoths is a lengthy process, but with proper guidance, you can nail your software development engineer interview like a pro!
If you are preparing for a tech interview, check out our technical interview checklist, interview questions page, and salary negotiation ebook to get interview-ready! Also, read Netflix Interview Questions and Netflix interview guide for specific insights and guidance on Netflix tech interviews.
Netflix enjoys a prominent place in the world of streaming services, but it’s competitors are hot on its heels. That’s why software engineers are extremely important to Netflix. If you’re interested in a software engineering role at Netflix, you probably want to know how much the company actually pays its experienced engineers?
In this article, we discuss the salary of a software development engineer at Netflix. Here’s an overview of what we’ll cover:
At Netflix, unlike other FAANG Companies, there is only one level in the ladder of progression for software engineers. The company strictly hires only experienced employees; thus, the Netflix senior software engineer position is the only level at Netflix.
The total salary earned by a Netflix senior software engineer can be broken down into three components:
After adding up the individual components, the average salary of a Netflix software engineer is estimated to be $511K (excluding bonus).
Netflix offers its employees an opportunity to buy stock options from Netflix at a price lower than the Market price. Every Software Engineer at Netflix is offered free stock options amounting to 5% of that individual’s salary. These stock options are not ‘stocks’ but options to purchase a stock at a specified time. There are ways in which a Software Engineer at Netflix can alter these stock options:
When and how to exercise the stock options entirely depends on the employee; Netflix has no say in it.
At FAANG companies, all employees, including Software Engineers, software developers, and tech leads, are provided with a wide range of benefits and bonuses. These benefits can be broadly classified into the following categories:
Netflix provides a wide range of health benefits to its employees. Some of the perks offered are:
The company usually has company shuttles. (Los Angeles and Los Gatos) Employees traveling from faraway places can reimburse their Uber bills from the company.
Netflix provides wholesome assistance for the employee’s family. This covers adoption assistance, fertility assistance, relocation bonus, on-site laundry services, phone bill reimbursement, and more.
The benefits provided to Netflix Software Development Engineers are of an estimated total value of $13,314.
The total compensation received by Netflix Senior Software Engineers on average is $511K. However, this value varies as per the office location, the seniority of the employee, and years of experience. An overview of total compensation received by Netflix software engineers:
As it can be clearly seen from the table above, the total compensation range offered by Netflix to Senior Software Engineers at its headquarters is higher than other locations.
As Netflix has only one level of Software Engineer, an employee’s salary is determined by the years of experience in the field. An individual with over 10 years of experience compared to an individual with 2 years of experience will naturally receive higher pay at Netflix.
Netflix Senior Software Engineers are paid generously, as it has been observed that Senior Software Engineers at Netflix receive 31% higher salaries than Facebook, which is considered the highest paying tech giant.
The Software Engineer Annual Salary range in different FAANG companies are as follows:
The range mentioned above comprises the base salary earned by the entry-level employees and the senior-most employees of the company. However, the final total compensation received by a Software Engineer would depend on the bonuses and stock compensation.
As it can be seen from the range of salaries offered to Software Engineers across renowned tech companies, the highest starting salary for an entry-level position is offered by Alphabet, with the potential to earn over a million in a few years.
Whether you are starting a new position or are expecting a promotion, salary negotiation is going to be a crucial aspect of the process. There are few points to keep in mind while politely negotiating for a salary you deserve:
Feel free to check out our blog on Salary Negotiation Tips to learn about some of the common mistakes made during the process of salary negotiation and how to avoid them.
The fundamental step to ace one of the reputed FAANG company interviews is to understand the interview process. After understanding the process, draft your preparation strategy. The following points can be considered:
The only way to successfully follow the mentioned points is to have a well-planned course. You can check out our blog on How to Get Software Engineering and Developer Jobs at Netflix and can Sign up for our FREE webinar to understand more about the courses available at Interview Kickstart.
Having trained over 6,000 software engineers, we know what it takes to crack the toughest tech interviews. Since 2014, Interview Kickstart alums have been landing lucrative offers from FAANG and Tier-1 tech companies, with an average salary hike of 49%. The highest ever offer received by an IK alum is a whopping $933,000!
At IK, you get the unique opportunity to learn from expert instructors who are hiring managers and tech leads at Google, Facebook, Apple, and other top Silicon Valley tech companies.
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