Snowflake compensation reddit

Snowflake compensation reddit. 6 million in the first quarter, representing 34% year-over-year growth Net revenue retention rate of 128% 485 customers with trailing 12-month product revenue greater than $1 million 709 Forbes Global 2000 customers Remaining performance obligations of $5. Run your own comps and stop relying on fault random data. On a technical level, Databricks has a superior product suite and cost performance. 3 days ago · Snowflake Salaries. That postgres instance will have 64 cores, 256 gb of memory, and a 25 gb network. Our friendly Reddit community is here to make the exciting field of business analysis accessible to everyone. 74, indicating a sentiment that Snowflake's current dip could present a buying opportunity. An IC4 at snowflake could reasonably have been making $250k base + $500k stock in 2019. I am of See last year's Salary Sharing thread here. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. If you are not one of them I do understand but it's not a try to scam you out of money. The same, if not greater, compensation, opportunities, and growth are available at companies like Snowflake (seriously they're one of the best tech companies in the industry right now for sales) early in your sales career. But for data engineering purposes, you can focus on spark sql and/or pyspark, clusters, workflows, and git integration. The cost upfront with most of these is getting the data and structure built in the cloud. And unlike the Snowflake host it won't suspend for a savings - and then have to slowly re-request your data off S3. r/SeriousConversation is a subreddit for in-depth discussion. The Snowflake selloff seems like it is a temporary accident because the company is widely analyzed. As for being better at it, the main selling point of just about any X-as-a-service offering is that they take something that is complicated and expensive to do, centralize it and offer it at a potentially lower price/burden because they specialize. I will ask in the sub, or even in snowflake sub. You had to manage instances and compute much more granularly for example. Edit: For all the programmers who argue that Snowflake is overpriced vs Redshift, Synapse, etc. when a snowflake forms, you end up with a 6 sided lattice structure whos shape is dictated by the particle it forms around, atmospheric conditions and forces that arrange it using the lowest possible energy configuration. in 2009, then ran cloud-service May 22, 2024 · Product revenue of $789. As far as Snowflake vs Databricks, the biggest differences is that Snowflake stores their data in a proprietary format inside their own servers and uses their own servers for compute costs, so there isn't that provisioning stage that takes 5 minutes. The one class I started was using the classic UI and it was hard to follow along using Snowsight. So 2 pieces. doing "TABLE SCAN" and that to for "remote disk IO". 7K subscribers in the snowflake community. SNOW is a poster child for eyebrow raising tech hyper-valuation! At the peak it had close to $100 billion in market cap on a $1 billion revenue and $0 profit! $100 billion dollars for a company that barely makes over a $1b in revenue. Some people like these kinds of threads, some people hate them. Business Intelligence is the process of utilizing organizational data, technology, analytics, and the knowledge of subject matter experts to create data-driven decisions via dashboards, reports, alerts, and ad-hoc analysis. May 22, 2024 · No-Headquarters/BOZEMAN, Mont. fyi collects anonymous and verified salaries from current and former employees of Snowflake. I work with snowflake everyday and it’s actually a really great product. Snowflake, Amazon’s AWS, and Microsoft’s Azure are all cloud services, but they have different focuses and capabilities: • Snowflake Inc. The other new product Snowpark should also grow a lot faster. 💡 Practical tips and techniques to sharpen your analytical skills. The board approved this based on an $8 per share exercise Dec 4, 2020 · Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Snowflake Inc. reported substantial market movement recently, possibly triggered by the announcement of CEO Frank Slootman's stepping down. 55 for Snowflake's stock, with a consensus recommendation score of 2. Snowflake's is probably the best I know of in the data world. 43 votes, 45 comments. and how it is far behind Databricks, please read: This technical merit comparison on Snowflake vs Databricks. The value Snowflake offers it's customers far outweighs the costs, which can and should be managed with a focus towards optimizations. The data gets pulled out of Snowflake via PBI Dataflow into PBI Service and then we use Tabular Editor 3 to manage the "cubes"; TE3 serves as a great migration tool too. Snowflake sales tried to go around telling customers all they needed was snowflake, but this is an expensive trap, and now with a lot of advancements in AI it’s becoming obvious to customers who went down this path that this was also a mistake, especially because snowflake has data exfiltration costs. Further: data warehousing is a process not a place. MODNOTE: Originally borrowed this from r/cscareerquestions. Hi everyone, below is a list of companies which I have gathered from various sources like leetcode posts, reddit posts, glassdoor, twitter, LinkedIn posts etc. You manage the full lifecycle so have an opportunity to sell into existing accounts. 5) SaaS features will likely be consumed by Snowflake. Snowflake’s free cash flow margin was very impressive at 35% of sales last year. (SNOW) became a fad stock when it more than doubled its IPO offer price of $120 and closed at $245 in September 2020. You’d probably need to start as a SDR where you’d be dialing all day and maybe have a dotted line alignment to the broader sales org. Redshift and Synapse require that you architect a distribution key for each table if you want a normalized design to perform well when there’s a healthy volume of data. Offer a theory, share an opinion, or pose a question about (almost) any serious or heavier topics you can think of. 98%. My main concerns are technical growth and maximizing compensation. I think Snowflake is a great product, and my contacts say the company is great to work for. So there's really no "wrong choice. Requirements: + Expert level working Knowledge of RDBMS (Oracle Postgresql and Snowflake. not much of this is mentioned in the wiki psa/caveat: when you buy a single blessing from the gobbler for 5 snowflakes, it is immediately consumed with a chance to get 3 buffs to 1 wintersday gift. Mar 17, 2024 · D4Fish. After getting certified in Snowflake, I’m now learning dbt since it provides some of the capabilities for Snowflake that were already part of the Databricks training. If anything, this shows the monopoly power of AWS because even if Snowflake does take AWS Redshift customers, those customers will still use AWS S3 for storage. Snowflake's salary ranges from $118,025 in total compensation per year for a Financial Analyst at the low-end to $866,588 for a Software Engineer at the high-end. Eventually it will likely surpass SaaS offerings and put most of them out business. If you hate them, that's fine, but please don't get in the way of the people who find them useful. Reading the case details, it seems like the argument is that Snowflake misled investors by aggressively recruiting new customers and boosting their financials with these sales around the time of the IPO. So, using postgres for the operational, near-real-time processing and snowflake for the high-latency, say daily processing works fine. 2B per year in comp, mostly to bring about an IPO, which was successful. Snowflake is a big name, definitely FAANG-adjacent, and if you turn the internship into a full-time role the compensation will be far better. Hi All, We have a simple select query as below which runs for ~11 seconds. If is not too expensive might be worth. Aug 3, 2021 · My main concerns are technical growth and maximizing compensation. - Snowflake is a Data Warehouse-as-a-Service solution developed for the cloud. BDR -> CAE no salary bump is accurate. What I heard is that you can get some discount for the longterm commitment, however rumors say they try to oversell you. The serious side of Reddit. Here’s one: scrape the salary discussion threads for this subreddit (see menu), automate cleaning and extracting the data, and make some interesting visualizations or make a tool where you could see the average comp in a given area. I personally find Snowflake not as expensive as people make them out to be once you fine tune the performance settings and whatnot. Snowflake has also responded well to Databricks comparisons and shouldn’t be seen as lagging. Snowflake (NYSE:SNOW) has been sold off after its earnings report, but I do think that the numbers look more de-risked today and sets the company and its new CEO up well for 2024. a single buff lasts 15 minutes. Post-internet, tech lives in its own universe when it comes to valuation and compensation! Mar 4, 2024 · He first joined Snowflake in 2019, and led the company through what was the largest software IPO ever the following year. . I pay Snowflake Architects between $150k per year and $180k per year. I haven’t tried AWS Redshift or GCP big query but I’ve tried AWS Athena over large s3 datasets and it was difficult to use. The thing is, large corporations that use a Snowflake data warehouse, aren’t going to pack up and leave once the incentives are gone. Currently we try to evaluate if a longterm commitment for Snowflake and/or Databricks makes sense for us. snowflake. 2 days ago · Software Engineer compensation in United States at Snowflake ranges from $204K per year for IC1 to $857K per year for IC5. One significant advantage Snowflake has over the others is its micropartitioning and clustering. Analysts' consensus tags the stock as a "Buy" with a target median price of $200 and a consensus target of $222. I was about asking how expensive can be the paid version for simple experiments. " Don't feel pressure to join FAANG companies early in your career because your peers are. Their median engineers are $400k+, so $750k total comp wouldn't be outrageous for somebody senior or especially talented. (But it all depends on the underlying conditions, sometimes double the power gets you results in less than half the time. That means your snowflake compute costs are very expensive, possibly far more than running postgres. Again, exposure to Snowflake is the most determinant factor. I am looking for advice/experience with Snowflake or Databricks. An experienced Snowflake consultant (either from Snowflake Professional Services or - exceptionally freelance) is a huge insurance investment. My boss has let me know that the position can work remotely full-time, given that we are looking to add Snowflake-specific expertise to the team. This comment about Snowflake vs Synapse Welcome to the Business Analysis Hub. It isn't really a new thing - Snowflake has been around since 2012 offering this service. We did a migration from SQL Server and Tabular SSAS cubes to Snowflake and PowerBI Semantic Models (Datasets). and also remember to double-check that your cost-controls and auto-suspend policies are set to what you want them to be) On May 31, 2023, Reddit announced they were raising the price to make calls to their API from being free to a level that will kill every third party app on Reddit, from Apollo to Reddit is Fun to Narwhal to BaconReader. Previous job used both Snowflake and SQL Server, and I hated reading Microsoft documentation. Snowflake sells a much simpler product but is more expensive. Idea is to do something for community and put it on youtube or something. As of the most recent data, Snowflake's market cap is $51. Can anyone explain the context of that? The only use I've ever heard is the one we're all familiar with when claiming someone is "over sensitive". Lastly, Snowflake documentation is amazing. e. Databricks uses mostly open source software and utilizes cloud companies' compute and storage Hey everyone! I recently wrote a comprehensive blog post about the Snowflake SnowPro Core certification, and I'd like to provide a simplified version… That should be approximately revenue neutral, double the compute power, half the time, same price. At one point his stock awards were worth $108 million per month. The benefit is really afforded to customers, who need/want the ability to deploy AI on top of their data to be able to take advantage of the opportunity. It uses the elastic, scalable Azure Blobs Storage as its internal storage engine, Azure Data Lake to store unstructured There's definitely a lot less to manage with a saas like snowflake. There’s a lot to learn about databricks, no doubt. This includes beginner questions and portfolio help. Re: running snowflake as a fixed capacity platform. I spoke with a HM recently, and I was a little discouraged that the expectations and comp seem significantly worse than engineering. 8. Last updated: 9/5/2024. Feb 28, 2024 · Product revenue of $738. Apr 9, 2024 · Some Reddit users delved into Snowflake's financial metrics, analyzing factors such as free cash flow margins and stock-based compensation. One of my good friends has been a rep there since 2019 and can confirm the commenters above me for the most part are all correct. Reply reply More replies More replies wardway69 In fairness, he was making $100M in options grants per month, making him perhaps the highest compensated non-founding CEO to have ever existed (unless you extend that definition to also mean Elon, which, facts). It’s basically all out war between Snowflake and Databricks right now on who can land the most new logos and drive the most commit as tech budgets shrink. As a member of our community, you'll enjoy: 📚 Easy-to-understand explanations of business analysis concepts, without the jargon. Ofcourse there a snowflake service for that, why would I pull someone of reddit. My snowflake implementation processes billion of events a day solidly and with ease. Then, in mid-November 2021, SNOW rose to $390 -- that was an increase of 225% from the IPO offer price and made many investors giddy. water is somewhat predictable, it’s polar and governed by transient hydrogen bonding and van der waals forces. If you have worked with data, Snowflake is very unique due to their micro partitioning system worked internally, which is very distinct from what the normal data lake soltutions look like. Analysts have a mean target price of $207. ) + Bachelors in Computer Science or Equivalent with 5+ years of experience in Data Architecture and data warehousing or Master with 3+ years worth of experience in Data Architecture and data warehousing. 1 million in the fourth quarter, representing 33% year-over-year growth 461 customers with trailing 12-month product revenue greater than $1 million Net revenue retention rate of 131% 691 Forbes Global 2000 customers Remaining performance obligations of $5. Range is $100k-150k, contingent on experience. The initial quote is $2. Snowflake’s AI product, Cortex should be out in the second or third quarter of 2024. I see a high probability for Snowflake to keep adding more "native" cost optimization features, like budgets, better dashboards, alerts, dynamic warehouse sizing, etc. Despite negative margins in profitability, Snowflake shows strong revenue growth with a 3-year CAGR of 67. 81 billion. Looking into the query profile , its clear that it spends majority of its time(~90%+) in the thirstep i. Get Paid, Not Played. We've done a TCO cost comparison of DBX, our own Spark, and Snowflake, Snowflake wins and is quite efficient. The first piece, Snowflake, is software that competes with AWS Redshift. $1. 70 per compute credit and… I work at Snowflake and can say that it would be a challenge to get into an AE role straight away. , May 22, 2024--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced financial results for its first quarter of fiscal 2025, ended April 30, 2024. Otherwise you can miss some cool datawarehouse features Snowflake Inc. Some stuff can be done for community without money, lots of ppl do it for lots of softwares. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. 38 billion, with total revenues of $2. You're making false equivalencies and don't understand the product, the market segment, their financials, and really have a pretty bad argument altogether. Apr 9, 2024 · Some Reddit users delved into Snowflake's financial metrics, analyzing factors such as free cash flow margins and stock-based compensation. Levels. Comparing snowflake and redshift, it's been a long time since I looked at redshift and it may have changed but I did a 3 day training at AWS and found it to be a lot more administration than snowflake. That's equivalent to about 8 Snowflake machines - or a late consuming 8 credits per hour. Snowflake has a site with tutorials for exam prep, learning. 2 billion, representing 41% year-over-year growth Snowflake (NYSE: SNOW), the Data Cloud company, today announced The Snowflake sale is extremely good, and you get something running pretty fast. Snowflake makes it incredibly easy to deliver a solution - but equally, because of the unlimited scalability (both compute and, therefore, potential cost), it can be a significant risk. But then problems start there are massive bills, cost monitoring sucks, and Snowflake is this move fast and breaks things company so they are constantly pushing new features and old ones kinda stay half-baked mode for a very long time. you can only stack buffs to 24 hours, any further purchases of the blessings will spend snowflakes but return nothing at all I have found snowflake is great and performant once you get the data in there, and I believe the costing is just like databricks that disk and comp are rolled into one charge for the most part, the AWS and Azure configs do differ. The median compensation in United States package totals $301K. Snowflake trial is for free, but is one month sadly. Snowflake is already walking away from being a data warehouse solution provider, but expanding the use case of their system. The second piece is storage, and Snowflake stores data on AWS S3. com, I haven't used it much. Reddit: Salary: 190k TC: 270k first year; 250k second, third years (3 year vest This is an update from a previous post since I've received updated offers. Which is about the same as any other Azure or AWS Architect. Very low comp % on deals (like 6% if I remember correctly). 0 billion, representing 46% year-over-year growth Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced The sister sub of r/CasualConversation. My company is exploring Snowflake for a cloud data warehouse option / POC. View the base salary, stock, and bonus breakdowns for Snowflake's total compensation packages. Unofficial subreddit for discussion relating to the Snowflake Data Cloud The character's name is "Snowflake", and several people mentioned that this might be offensive because "Snowflake" has been used as a racial slur. These companies pay 12L+ base to SDE 1 s and most of them pay 23L+ base to SDE 2 s. obxlb ofrr rkyv vqgo rzwong sblbxorw yttcmf irj gpcqa pbwef