Snapchat Is Paying College Grads Almost $500,000 RIGHT OUT OF COLLEGE

Think you have what it takes to get a job with Snapchat? This Bro did, which is why he submitted his entire resume via a Snapchat story. Besides just being popular and cool, there’s a reason why people want jobs at Evan Spiegel’s messaging company: Snapchat is paying 21-year-old college grads RIGHT OUT OF SCHOOL nearly $500,000.

Business Insider has a fascinating profile about life at Stanford, where college students knowledgable in tech fields are making hundreds and hundreds of thousands (if not millions in stock) right out of college:

For the past two years, Snapchat has been making huge job offers to students at Stanford and other top engineering schools.

This year, it’s offering seniors and finishing graduate students salaries between $100,000 and $150,000 and $300,000 in stock grants that vest over four years. That’s down from last year, when Snapchat would offer students $400,000 in stock.

If you got a job at Snapchat last year, Business Insider explains that you’re basically already a millionaire on paper.Any Stanford student who accepted one of those 2014 offers is, in all likelihood, already a millionaire on paper. The company’s valuation has multiplied since then. In the fall of 2013, Snapchat turned down an offer to sell to Facebook for $3 billion.  Last summer, it raised almost $500 million at a $10 billion valuation. This year, it raised another $200 million at a $15 billion valuation.

Standford seniors are technically taking a roll of the dice since Snapchat’s value is still speculative. But still, grads are passing on Google and Facebook in favor of Snap because the gamble is likely greater than with an established tech giant:

According to several people we spoke to for a story on the life of Stanford seniors in 2015, big publicly traded tech companies like Facebook, Google, and LinkedIn regularly pay new hires out of Stanford a salary of between $100,000 and $150,000. Those companies will offer stock grants between $100,000 and $200,000. Sometimes there are signing bonuses close to $25,000.

One of the people familiar with Snapchat’s offers says one reason the company has to offer so much more than Google and Facebook is that it is not based in Silicon Valley, with the rest of the industry, but way down in Los Angeles. Also, Snapchat is perceived as a riskier place to work.

I’m sure these people wake up in the morning, brush their teeth, and look at themselves in the mirror wondering when the news of an IPO is coming.

I’m so happy we live in a world where dick pics are literally making people rich. Fuck hoverboards: This is the future.

I’d hate to be in the Snapchat HR department right about now. I can’t imagine the current flood of applications. They’ll never achieve inbox zero between now and graduation in May.

Then again… Those HR people are millionaires, so who cares?

[H/T: Business Insider]

Brandon Wenerd avatar
BroBible's publisher and a founding partner, circa 2009. Brandon is based in Los Angeles, where he oversees BroBible's partnership team and other business development activities. He still loves to write and create content, including subjects related to internet culture, food, live music, Phish, the Grateful Dead, Philly sports, and adventures of all kinds. Email: brandon@brobible.com