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Santa Clara-based AI chipmaker Nvidia is now one of the world’s most valuable companies, having soared from a $346 billion valuation in January 2023 to a $3.338 trillion valuation last week.
The tech giant 3,000% The stock price increase over the past five years has benefited the company’s employees, and an employee who worked at Nvidia for five years would likely be a millionaire by now.
Nvidia’s product managers are in level 3 of an eight-tier hierarchy and earn an average of $77,700 in stock per year. Level.fyi Estimate.
according to Finlo’s Investment calculator and entrepreneurBy his calculations, a $77,700 stock grant he received in 2019 would be worth more than $1.6 million today, excluding the value of stock bonuses accumulated in recent years.
Following the same methodology: entry-level Software Engineer There will be close to 500,000 seniors. Solutions Architect $1.3 million, Level 4 Data Scientist If they’d all joined the company five years ago, they’d have gotten $2 million in their first stock grant alone.
Nvidia headquarters in Santa Clara, California. Photo by Marlena Sloss/Bloomberg via Getty Images
While it may seem like a good thing that employees are getting rich as a result of the company’s success, NVIDIA has had to grapple with keeping its long-tenured, “semi-retired,” millionaire employees motivated.
At a company-wide meeting in December, NVIDIA CEO Jensen Huang said: Reportedly Had to answer a question about “semi-retired” employees.
In response, Huang called on all employees to take responsibility for their work and become CEOs of the times.
Related: Elon Musk, Dell and NVIDIA team up on AI Factory and supercomputers
So why would employees choose to stay at NVIDIA rather than quit when they could afford to pursue either option? The reasons are: solid Corporate culture.
A look into Nvidia’s company culture page It shows the emphasis on “one team” and “no politics, no hierarchy.”
Ann MIT evaluation 70% of NVIDIA employees feel the company’s cultural values align with their workplace experience. hundreds Compared to other large companies, Nvidia’s culture was well above average.
“If you love your job and are being paid well for it, why quit?” one Reddit user said. Said In a thread on this topic.
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