Why are there such a wide range of salaries at Oracle for the exact same position? According to Levels.fyi, the average total compensation of an IC4 at Oracle is $355,000, which does NOT seem right to me. I have been working here for a looong time and am barely making six figures, and do not receive stocks or bonuses even though I am a high performer on my team. I am convinced not everybody is being truthful with their salaries. Just last week, an IC4 with 8 years of experience (all at the company) and H1B visa, at the Redwood City office posted their $200k base salary and $600k RSUs, for a total annual compensation of $800k. At the same time, another individual in the EXACT same position (IC4) working at the same office makes $101k in total compensation, with $101k base salary and no RSUs or bonus. Many other individuals have reported compensation between $400-450k for the IC4 level, which is really good and fair to me. However, some working in the same office are earning $100k while their coworkers in the same position and level are earning quadruple. Why is this the case? Some newjoiners at the company are only earning $150k total compensation, while others are earning $400k in total compensation.
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The H1b salary db is inaccurate since it just reports the lowest among all who filed at the same time. And it is base only so no RSU is included. Levels.fyi is very accurate actually.
I tend to believe the disparity. Variances could be due to work location, dept, salaries from starting with an acquired company (e.g. former Cerner employees), etc. With that said , don’t think anyone could survive in the Bay Area or Seattle on $85k/yr…
I'm in OCI as an IC3. I started in Oracle over a year ago. I'm in the Midwest.
My base salary is 130K, and I receive RSUs for 4 years and they are 70K+ per year roughly. So total yearly compensation for me combining the base salary plus the RSUs is a bit over 200K. For my area, this compensation is a lot.
sorry I do not see salary disparities here. However, I do see ic4 person who is a LZbum too lazy to find a new job. 75k salary in the bay area is poverty level. how can you let yourself getting paid this low and be content for many years? Are you for real or just making up stories?
"The average total compensation of an IC4 at Oracle is $355,000". No. Not even close. I can tell you with 100% accuracy that an IC4 doesn't even touch that salary band, even on the high end. Think about that number for a second. How would that even be sustainable? Unless that IC4 was in sales, and they were KI-LING IT, it would never be justified for that salary. Even in sales. No, IC4s are usually around $80k - $170k - give or take a few thousand either way. IC4s aren't even in the equity pool most times. Someone is trolling. Don't go to your manager and say something stupid like "The average salary for IC4 is $355k". You are going to look stupid.
Sounds like time for a refresher on the Oracle Doormat Principle
if you stay at one job one company for 10 years it's your fault. The time to move on was 5 years ago. I can vouch my salary in bay area is 200k+ and 200k+ in RSU given O stock has risen 40 percent over last year. with O I did not expect salary increase or more RSU in the next few years unlimited vacation s-b. I will find a new fishing hole once the rest of my RSU vested.
Both the 85K and the 350K+ figures for IC4 seem unbelievable. 85K seems relatively low for an IC4. 350K for IC4 looks too high (maybe the OCI folks in Seattle?).
I’m not sure about Oracle, but in my previous company (another tech giant), managers didn't make that much more than mid-level engineers. It was about the same.
I'm thinking out loud here - I wonder if managers have much discretion in handing out raises or bonuses. They get a budget and then allocate it to their directs. If their budget increases, they give out raises. On the other hand, if their budget gets slashed, they'd have to choose who they want and who they want to let go (Any managers here? Could you comment).
Oracle’s last quarter was not great. The guidance for earnings was also not that great. So it's natural they'd tighten their purse and not increase the budget of any teams unless it's essential to the bottom line.
I'm looking forward to finding out what others think about the above.
Oracle long-timer here. Many years ago I took a management position and was staggered at the salary discrepancies amongst my staff. 40% difference between two people with similar experience and skill sets. I did my best to fix it but it’s not an easy problem to solve when you have a fixed budget to work with.
I no longer manage any staff but I suspect those discrepancies still exist. Salary bands are not published, and even if they were nobody would pay any attention. Some IC grades are very ‘wide’ - it’s not unusual for somebody to be an IC4 or IC5 for many years. There are huge differences between country salaries (as you’d expect) and as pointed out by others, you’ve got the fact that when recruiting Oracle may be forced to match market rates rather than relying on inertia/ignorance to suppress the salaries of people - like me - who have been here for years.
Stock falls into the same category. RSUs (and previously options) definitely favour some roles and organisations. But it’s not the ‘gravy train’ it once was - the huge option allocations that existed before the dotcom bo-m are - in my experience - long gone. I’d take some of those figures with a pinch of salt.
It really is sad. As a long-time employee, not even making six figures in the Bay Area hurts. At least if they gave RSUs to compensate, it would be somewhat manageable. But when all I am getting is a $75k base salary and no RSUs/ bonus and have to support a family in the Bay Area, it really is hard. Imagine being an experienced software engineer with 20+ YOE in 2023 and not even making six-figures in total compensation. The company makes you train new grads who make twice as much as you...
I think those are realistic numbers, but everyone on this website is posting their insane salaries: https://www.levels.fyi/companies/oracle/salaries/software-engineer/levels/ic-4
You were spot on with my salary and years of experience, LOL! 15+ yrs and around $85k. I know many new joiners who make $150k+ base in the same position.
The bottom line is the longer you have been with the company the more screwed you are getting. They have 0 respect for employee loyalty, salary wise these employees are basically punished for their loyalty to on the company. This is very well known in the industry with this company.
Where are you getting these massive salary ranges from??
Here’s the realistic numbers:
You got an IC4 who has been there 15+ years making maybe $85,000 USD.
You have a new hire IC4 who’s been there 2 years still needing help from the first guy, this new person who is new to Oracle will be making $120,000+.
Canadian are paid at least 100,000 less than US counterparts.
lol. I have IC5 engineer salary even less. in Canada though.
https://www.theregister.com/2023/09/26/oracle/
Search "H1B salary Oracle"
This is the true salary that the company must report to the government.
https://h1bdata.info/index.php?em=oracle+america+inc&job&city=seattle&year