Snowflake compensation reddit. 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". (But it all depends on the underlying conditions, sometimes double the power gets you results in less than half the time. 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. View the base salary, stock, and bonus breakdowns for Snowflake's total compensation packages. 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. 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. You're making false equivalencies and don't understand the product, the market segment, their financials, and really have a pretty bad argument altogether. 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. Despite negative margins in profitability, Snowflake shows strong revenue growth with a 3-year CAGR of 67. 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. Snowflake's is probably the best I know of in the data world. 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. So, using postgres for the operational, near-real-time processing and snowflake for the high-latency, say daily processing works fine. Analysts have a mean target price of $207. a single buff lasts 15 minutes. If is not too expensive might be worth. 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. Eventually it will likely surpass SaaS offerings and put most of them out business. Snowflake Inc. in 2009, then ran cloud-service May 22, 2024 · Product revenue of $789. 98%. You had to manage instances and compute much more granularly for example. Previous job used both Snowflake and SQL Server, and I hated reading Microsoft documentation. reported substantial market movement recently, possibly triggered by the announcement of CEO Frank Slootman's stepping down. Analysts' consensus tags the stock as a "Buy" with a target median price of $200 and a consensus target of $222. com, I haven't used it much. . Some stuff can be done for community without money, lots of ppl do it for lots of softwares. Edit: For all the programmers who argue that Snowflake is overpriced vs Redshift, Synapse, etc. 0 billion, representing 46% year-over-year growth Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced The sister sub of r/CasualConversation. snowflake. 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. That means your snowflake compute costs are very expensive, possibly far more than running postgres. There’s a lot to learn about databricks, no doubt. Lastly, Snowflake documentation is amazing. One significant advantage Snowflake has over the others is its micropartitioning and clustering. I am looking for advice/experience with Snowflake or Databricks. $1. The one class I started was using the classic UI and it was hard to follow along using Snowsight. , 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. 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. 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. 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. 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 is already walking away from being a data warehouse solution provider, but expanding the use case of their system. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. So there's really no "wrong choice. Hi All, We have a simple select query as below which runs for ~11 seconds. We've done a TCO cost comparison of DBX, our own Spark, and Snowflake, Snowflake wins and is quite efficient. Again, exposure to Snowflake is the most determinant factor. e. MODNOTE: Originally borrowed this from r/cscareerquestions. May 22, 2024 · No-Headquarters/BOZEMAN, Mont. I pay Snowflake Architects between $150k per year and $180k per year. 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. Aug 3, 2021 · My main concerns are technical growth and maximizing compensation. Levels. 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). 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. and how it is far behind Databricks, please read: This technical merit comparison on Snowflake vs Databricks. I see a high probability for Snowflake to keep adding more "native" cost optimization features, like budgets, better dashboards, alerts, dynamic warehouse sizing, etc. The thing is, large corporations that use a Snowflake data warehouse, aren’t going to pack up and leave once the incentives are gone. 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. It isn't really a new thing - Snowflake has been around since 2012 offering this service. 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. 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. - Snowflake is a Data Warehouse-as-a-Service solution developed for the cloud. " Don't feel pressure to join FAANG companies early in your career because your peers are. The first piece, Snowflake, is software that competes with AWS Redshift. Snowflake, Amazon’s AWS, and Microsoft’s Azure are all cloud services, but they have different focuses and capabilities: • Snowflake Inc. 8. Requirements: + Expert level working Knowledge of RDBMS (Oracle Postgresql and Snowflake. 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. Our friendly Reddit community is here to make the exciting field of business analysis accessible to everyone. Apr 9, 2024 · Some Reddit users delved into Snowflake's financial metrics, analyzing factors such as free cash flow margins and stock-based compensation. 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. 3 days ago · Snowflake Salaries. Offer a theory, share an opinion, or pose a question about (almost) any serious or heavier topics you can think of. Idea is to do something for community and put it on youtube or something. 5) SaaS features will likely be consumed by Snowflake. Apr 9, 2024 · Some Reddit users delved into Snowflake's financial metrics, analyzing factors such as free cash flow margins and stock-based compensation. Mar 17, 2024 · D4Fish. 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. 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. BDR -> CAE no salary bump is accurate. Range is $100k-150k, contingent on experience. At one point his stock awards were worth $108 million per month. Some people like these kinds of threads, some people hate them. Currently we try to evaluate if a longterm commitment for Snowflake and/or Databricks makes sense for us. These companies pay 12L+ base to SDE 1 s and most of them pay 23L+ base to SDE 2 s. r/SeriousConversation is a subreddit for in-depth discussion. I was about asking how expensive can be the paid version for simple experiments. An IC4 at snowflake could reasonably have been making $250k base + $500k stock in 2019. The median compensation in United States package totals $301K. The value Snowflake offers it's customers far outweighs the costs, which can and should be managed with a focus towards optimizations. We did a migration from SQL Server and Tabular SSAS cubes to Snowflake and PowerBI Semantic Models (Datasets). Last updated: 9/5/2024. I work with snowflake everyday and it’s actually a really great product. That postgres instance will have 64 cores, 256 gb of memory, and a 25 gb network. The initial quote is $2. Run your own comps and stop relying on fault random data. If you hate them, that's fine, but please don't get in the way of the people who find them useful. 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. 81 billion. Snowflake’s free cash flow margin was very impressive at 35% of sales last year. 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. You manage the full lifecycle so have an opportunity to sell into existing accounts. Snowflake has a site with tutorials for exam prep, learning. This includes beginner questions and portfolio help. My snowflake implementation processes billion of events a day solidly and with ease. fyi collects anonymous and verified salaries from current and former employees of Snowflake. The cost upfront with most of these is getting the data and structure built in the cloud. (SNOW) became a fad stock when it more than doubled its IPO offer price of $120 and closed at $245 in September 2020. Ofcourse there a snowflake service for that, why would I pull someone of reddit. The serious side of Reddit. 2B per year in comp, mostly to bring about an IPO, which was successful. 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. 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. On a technical level, Databricks has a superior product suite and cost performance. The other new product Snowpark should also grow a lot faster. I personally find Snowflake not as expensive as people make them out to be once you fine tune the performance settings and whatnot. ) + 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. And unlike the Snowflake host it won't suspend for a savings - and then have to slowly re-request your data off S3. The second piece is storage, and Snowflake stores data on AWS S3. doing "TABLE SCAN" and that to for "remote disk IO". 💡 Practical tips and techniques to sharpen your analytical skills. 43 votes, 45 comments. 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. 2 days ago · Software Engineer compensation in United States at Snowflake ranges from $204K per year for IC1 to $857K per year for IC5. Further: data warehousing is a process not a place. I think Snowflake is a great product, and my contacts say the company is great to work for. Their median engineers are $400k+, so $750k total comp wouldn't be outrageous for somebody senior or especially talented. 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. water is somewhat predictable, it’s polar and governed by transient hydrogen bonding and van der waals forces. Otherwise you can miss some cool datawarehouse features Snowflake Inc. Looking into the query profile , its clear that it spends majority of its time(~90%+) in the thirstep i. 74, indicating a sentiment that Snowflake's current dip could present a buying opportunity. Which is about the same as any other Azure or AWS Architect. My company is exploring Snowflake for a cloud data warehouse option / POC. 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. I spoke with a HM recently, and I was a little discouraged that the expectations and comp seem significantly worse than engineering. Re: running snowflake as a fixed capacity platform. 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. But for data engineering purposes, you can focus on spark sql and/or pyspark, clusters, workflows, and git integration. That's equivalent to about 8 Snowflake machines - or a late consuming 8 credits per hour. The Snowflake selloff seems like it is a temporary accident because the company is widely analyzed. 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. This comment about Snowflake vs Synapse Welcome to the Business Analysis Hub. 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. 7K subscribers in the snowflake community. 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’s AI product, Cortex should be out in the second or third quarter of 2024. 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. Snowflake trial is for free, but is one month sadly. My main concerns are technical growth and maximizing compensation. What I heard is that you can get some discount for the longterm commitment, however rumors say they try to oversell you. 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. As a member of our community, you'll enjoy: 📚 Easy-to-understand explanations of business analysis concepts, without the jargon. Feb 28, 2024 · Product revenue of $738. As of the most recent data, Snowflake's market cap is $51. 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. If you are not one of them I do understand but it's not a try to scam you out of money. Snowflake sells a much simpler product but is more expensive. 55 for Snowflake's stock, with a consensus recommendation score of 2. Get Paid, Not Played. I am of See last year's Salary Sharing thread here. 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. 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. Very low comp % on deals (like 6% if I remember correctly). 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. 38 billion, with total revenues of $2. 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. So 2 pieces. I will ask in the sub, or even in snowflake sub. 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. 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. An experienced Snowflake consultant (either from Snowflake Professional Services or - exceptionally freelance) is a huge insurance investment. Snowflake has also responded well to Databricks comparisons and shouldn’t be seen as lagging. 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. cuplrficdqxerdctfkgdwgwniriqknzmyvygirhdnqi
