Would someone be able to share details about average total comp for IC-4 Principal MTS
11 replies (most recent on top)
@zmp+1fYg5LCz,
Is $100k per year or spread across 4 years?
I made 130+ and jumped outside last year for 250. A double .now making 320 base.
work is more than Oracle but you learn a lot.
Also an IC4 in support and IC5 in consulting. Salary was capped at $100k for decades. Heard many excuses throughout the years why they couldn't provide an increase. Once in 20 years there was a 2% raise and that was it. Promotion promises per hoops to jump through, but no pay increase in spite of more responsibilities or more difficult product skillsets.
At least with consulting there was up to a 20% bonus structure and other comp benefits, to help make the salary more palatable, but eventually that wore too thin with the every increasing mgmt demands on time and scope.
Note the use of "was" as to current status. Can't say enough about how bad Oracle became since 2000. Factor in the true cost of lost wages (not matching cost of living for 20 years) and the real take home pay became far to pathetic to continue.
Bottom line, IMO the best strategy for anyone in the position to do so is to leave Oracle.
I know a IC4 in support and who has been there for decades. Very well educated and certified, but makes a paltry $70k-ish/yr and pretty much ZERO wage increases for the last 20 years. No cost of living increase, nada. So many promises from mgmt... do this special task/product expert/schedule/on-call/etc and you will be considered - not, over and over.
At one point, a secret spreadsheet accidentally got shared showing everyone's pay in the group. Surprising to see many long time experts/go-to people were getting screwed even worse, down in the $60k range and the very top end only reached $100k for 1 or 2 that were actually just so-so staffers.
Most experts have now left for greener pastures. The current staffing strategy is to ramp up yet another 3rd world group, this time in Mexico to take up the slack. However, like every other ramped up 3rd world group, they have done nothing for over a year except "train".
Bottom line, Oracle is the most pathetic excuse of a leading IT company propped up by revenue lies and stock buy-back strategies when VPs want to dump their options.
If you are in oci, around 350.. else peanuts
All depends when you were hired. You could have a wizard that knows every single thing that got hired a long long time ago. Then you can have a new hire who knows exactly 0 and makes more than said wizard. Ain't it great? Oracle let's wizards go all the time due to this and they absolutely don't care at all.
Add whatever dollar figure you get, plus the cost of your health and sanity.
Ask Support what they get…
Be glad you’re not in Marketing. An IC-4 there gets $110-140K, no stock, no bonus, and maybe a $5K raise every third or fourth year.
ic4, api development, back end, the bay area:
salary 170k, grant 110k, bonus 10k, total 290k
Average Total Compensation: $270K
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Base Salary: $165K
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Stock Grant (/yr): $100K
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Bonus: $5K
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