As the reddit discussion on this notes, the salary is lower in Toronto than in the US (this is also true of Vancouver). Most jobs start at $55,000 CAD and top out at $150,000 CAD. This in contrast...
As the reddit discussion on this notes, the salary is lower in Toronto than in the US (this is also true of Vancouver). Most jobs start at $55,000 CAD and top out at $150,000 CAD. This in contrast to the Bay Area where salaries seem to range from $80,000 USD to $200,000 USD. With the currency exchange, CAD salaries are even lower.
FAANG stands for Facebook, Amazon, Apple, Netflix, and Google; the huge Bay Area tech companies. They pay extremely well, and generally, working for one pays more than enough to live a pretty...
FAANG stands for Facebook, Amazon, Apple, Netflix, and Google; the huge Bay Area tech companies. They pay extremely well, and generally, working for one pays more than enough to live a pretty comfortable life in the Bay Area.
How does that compare to the relative cost of living? For example, it looks like there's roughly 25% lower earnings, but if the cost of living is also 25% lower, then the net result is a similar...
How does that compare to the relative cost of living? For example, it looks like there's roughly 25% lower earnings, but if the cost of living is also 25% lower, then the net result is a similar standard of living. If the cost of living is even lower, then that would mean that you get more bang for your buck.
Toronto resident here. When I visited a friend living in Mountain View, he was paying $2k a month to split an apartment between himself and two others. Currently in Toronto, I'd estimate that I'd...
Toronto resident here. When I visited a friend living in Mountain View, he was paying $2k a month to split an apartment between himself and two others.
Currently in Toronto, I'd estimate that I'd be paying $800 for that same setup. And I'm in the downtown, not in a suburb.
There was an article in the Economist back in 2017 called "The Founding of Maple Valley" which described how Canada's tech economy has evolved itself to "make a virtue of limited resources." The...
There was an article in the Economist back in 2017 called "The Founding of Maple Valley" which described how Canada's tech economy has evolved itself to "make a virtue of limited resources." The understanding is that Canada doesn't have the same potential for pure capital investment as the United States, but this also means there's much less pressure to turn a profit. And in the end, companies end up moving to where the intellectual capital resides.
"Canada’s open-information strategy makes it hard for the government to measure the return on its investment. Nonetheless, the soft benefits are clear. In June a new research lab called Element AI raised $102m. In recent months Google has set up an office in Toronto, and Facebook and Samsung have opened AI labs in Montreal."
As the reddit discussion on this notes, the salary is lower in Toronto than in the US (this is also true of Vancouver). Most jobs start at $55,000 CAD and top out at $150,000 CAD. This in contrast to the Bay Area where salaries seem to range from $80,000 USD to $200,000 USD. With the currency exchange, CAD salaries are even lower.
Isn't the Bay Area a lot more expensive living wise?
FAANG salaries more than compensate for the Bay Area's cost of living.
I don't follow what you mean?
FAANG stands for Facebook, Amazon, Apple, Netflix, and Google; the huge Bay Area tech companies. They pay extremely well, and generally, working for one pays more than enough to live a pretty comfortable life in the Bay Area.
That was my initial point.
How does that compare to the relative cost of living? For example, it looks like there's roughly 25% lower earnings, but if the cost of living is also 25% lower, then the net result is a similar standard of living. If the cost of living is even lower, then that would mean that you get more bang for your buck.
Toronto resident here. When I visited a friend living in Mountain View, he was paying $2k a month to split an apartment between himself and two others.
Currently in Toronto, I'd estimate that I'd be paying $800 for that same setup. And I'm in the downtown, not in a suburb.
There was an article in the Economist back in 2017 called "The Founding of Maple Valley" which described how Canada's tech economy has evolved itself to "make a virtue of limited resources." The understanding is that Canada doesn't have the same potential for pure capital investment as the United States, but this also means there's much less pressure to turn a profit. And in the end, companies end up moving to where the intellectual capital resides.
"Canada’s open-information strategy makes it hard for the government to measure the return on its investment. Nonetheless, the soft benefits are clear. In June a new research lab called Element AI raised $102m. In recent months Google has set up an office in Toronto, and Facebook and Samsung have opened AI labs in Montreal."