The tech industry has been dominating the world for the past couple of decades. The tycoons of this industry, Bill Gates, Mark Zuckerberg and Jeff Bezos to name a few, are worth billions of dollars. The fact that six out of the 10 richest people in the world are founders/CEOs of tech companies, makes you wonder what does an average employee at big tech companies make?
To disclose the answer to this question, the public limited companies are now obliged to reveal the median compensation for their employees.
The first public filing shows that an average employee at Facebook makes almost an astonishing $240,000. Sounds huge, right? Makes you think most big tech companies function the same way, but that’s not true. The median salary at Amazon is only $28,446 while the job can be as taxing, if not more – but there’s a reason for that, as discussed below.
Median employee compensation: $240,430
CEO Mark Zuckerberg’s pay: $8,852,366
The 240,000 figure is what it takes to keep the talented staff at Facebook, making Facebook’s median compensation figure the highest in the list. Mark Zuckerberg’s base salary is only $1 but he was compensated almost $9 million for the expenses of private planes and security.
Median employee compensation: $197,274
CEO Larry Page’s pay: $1