Reply to OpenAI Pay Packages Revealed: $900K Median Pay for Software Engineers

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[quote=Anonymous]Despite OpenAI CEO Sam Altman’s frequent public appearances, the firm’s internal structure and operations have remained notoriously opaque.

But the startup Levels.fyi has raised the curtain on a key aspect of OpenAI's strategy: the compensation packages it's offering to lure engineers to come aboard.

According to the startup's data—which is taken from real, submitted offer letters mainly over the past year—the median compensation package OpenAI is offering to software engineers is valued at around $925,000.

That's split up over a $300,000 base salary and $625,000 in OpenAI's equivalent of stock compensation, a novel financial incentive called Profit Participation Units (PPU), which is meant to provide employees with benefits from the company's potential financial upside.

In the offer letters provided to Levels.fyi, the PPU grants are given a nominal value and generally vest evenly over four years. The total compensation data provided to Levels.fyi for OpenAI engineers ranged from $325,000 to $1.37 million.

Levels.fyi was founded in 2017 to provide information on benefits, compensation and other job perks. It sells the data to users and employers, as well as services like resume review and consulting around compensation negotiation.

https://sfstandard.com/business/openai-pay-packages-revealed-900k-for-software-engineers/[/quote]

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