How often does the typical mid / senior level software engineer in medium sized companies get performance bonuses?

Hi,

I'm doing some finance planning and looking for some insights regarding bonuses for SWE.

How often throughout one's career does the typical mid / senior level software engineer in medium sized companies get performance bonuses? Assume they meet expectations. Google says its typically annualy or bi-annually.

What is usually the target bonus for meeting expectation? Google says 10%.

Thanks in advance!

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u/Shot_Can1144 — 1 day ago

how common is promotion to senior level after 6 YOE as SWE?

Hi all,

I'm a recent grad starting my first software engineering job next year.

Just out of curiosity, how common is it for an average-performing engineer to reach senior level (total comp: 150k+) after about 6 years of experience?

Likewse, how common is it to reach lead / principle level (total comp: 170k+) after 10+ years of experience?

I know it varies between companies, but I'd love to hear what you've seen in the Australian / Sydney industry.

Edit: if your answer is "it depends", I'll narrow it down to mid tier companies. E.g. Freelancer, Optus, Nine, Medibank, ResMed, Cochlear, Westpac.

Thanks!

reddit.com
u/Shot_Can1144 — 4 days ago

how common is promotion to senior level after 6 YOE as SWE?

Hi all,

I'm a recent grad starting my first software engineering job next year.

Just out of curiosity, how common is it for the average (vast majority of) engineers to reach senior level (total comp 150k+) after about 6 years of experience?

Likewse, how common is it to reach lead / principle level (total comp 170k) after 10+ years of experience?

I know it varies between companies, but I'd love to hear what you've seen in the Australian industry.

Edit: Just to make my question more specific:
Speaking in terms of mid tier companies like Freelancer, Optus, Nine, Medibank, ResMed, Cochlear, Westpac, I'll define senior level as having total comp 150k+ and
lead / principle level as total comp 170k+.

Thanks!

reddit.com
u/Shot_Can1144 — 4 days ago
▲ 1 r/unsw

switching to single degree from double to do penultimate year internship

Hi,

Does saying you're going to drop one of your double degree to make it seem you're penultimate year still work for finance or SWE internships if you want to do internship as a pre-penultimate year?

How do recruiters actually check if you're penultimate?

Thanks

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u/Shot_Can1144 — 14 days ago
▲ 0 r/unsw

Getting finance internship with only COMM1140, 1180, 1190

Hi,

I'm wondering if I'm currently able to get a finance or finance related internships at big companies or small boutiques?

I'm studying compsci / commerce so I've only taken COMM1140, COMM1180, COMM1190 and I'm currently taking FINS2615 and FINS2618 this term. I've also taken courses through udemy and coursera for work-related financial modelling and valuation, and capital budgeting.

Would the fact that I only have COMM1140, 1180, 1190 on my transcript be an issue as employers may view this as not having enough knowledge even though that's not the case?

Thanks!

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u/Shot_Can1144 — 17 days ago
▲ 3 r/unsw

CS vs Commerce: Which degree is harder to score well in and get a job?

Hi all,

I'm your typical Compsci / Commerce student who can't decide which one to prioritise.

For those who've studied Computer Science, Commerce, or both, which do you think is more difficult:

  • Maintaining a 68–75 WAM in Computer Science, or
  • Maintaining a 78–85 WAM in Commerce?

I know it depends on the individual, but I'm interested in hearing people's experiences and perspectives.

I've also put together some rough benchmarks for getting a entry role at finance (top firm - e.g., Macquarie, Big 4 banks, major ASX-listed companies, or finance tracks in Big 4 consulting) and SWE (lower-mid firm - WiseTech, MYOB, REA Group, IT consulting, corporate tech teams, decent local startups). For people who've landed finance or SWE internships/jobs, how accurate do these look?

Feel free to correct any numbers or share your own profile if you're comfortable.

Also keen to hear, what part of the process (WAM, internships, societies, projects) ended up mattering more or less than you expected?

Finance analyst (top firm) SWE (mid firm)
internship 1-2 quality internships 1-2 (startups are fine and can be even better, real impact)
WAM Aim: 78 - 85 Aim: 68 - 75
Society Aim: Director at finance related society Minimum: 1 subcom position Aim: director at related society.  Minimum: Subcomm at tech related society.
Case Comps / Hackathons Aim: Ideal: 3–5+ competitions participated in, with 1–2 finalist or winner placements Minimum: 2–3 competitions completed Aim: 3-5 hackathons and 1-2 finalists.Minimum: 1-2 completed hackathons
Personal projects (if unable to get case comps finalist) Aim: 2-3 high-quality, relevant projects Minimum: 2 well-executed projects Aim: 3-5 solid deployed projects Minimum: 2-3 meaning full projects

Thanks in advance!

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u/Shot_Can1144 — 29 days ago
▲ 2 r/unsw

How useful is COMP6841?

Hey guys,

If you have some experience in cybersecurity, I would appreciate your thoughts.

So the technical topics covered in 6841 are Cross-site scripting, harder web, buffer overflow, format strings, reverse engineering, and harder binary exploitation. If I’m new to cybersecurity, how important is learning these skills to give me an understanding of the tasks of cybersecurity analyst / engineers or SOC?

I feel the course covers a vast landscape of security concepts, more than what’s necessary for a cybersecurity analyst or engineer or SOC. Is this true, like surely those concepts doesn't take a whole term to learn?

I searched online and it says topics like TCP/IP, routing, switching, DNS), Linux command shell, log analysis, bash / python scripting, and using SIEM & EDR tools are a lot more relevant to junior cybersecurity roles which I believe is taught in 2041 and 3331 with the exception of log analysis. So if I already knew those fundamentals and completed some CTF and TryHackMe labs, would I already have an almost full understanding of the fundamental concepts in cybersecurity? If not, what is missing?

Thanks!

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u/Shot_Can1144 — 1 month ago