Fintech
Revolut’s 22-year-old software engineers could benefit most from a $500 million haul
It’s a good time to be a Revolut employee with payment in shares. THE fintech Titan is said to be preparing a secondary share sale to raise $500 million and to allow some company employees to cash in their stock shares. However, not all Revolut employees are paid in shares, so who will benefit most?
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Using Levels.fyi data, we’ve broken down Revolut’s total software engineer compensation from 2021, both globally and in its London HQ, to see how much stock average Revolut employee is awarded annually.
The findings suggest that engineers with 0-3 years of experience are less likely to earn stock-based compensation, but when they do, it can make up a significant portion of their paycheck. Globally, the younger engineers earning an average of £66.6k ($84.7k) in total compensation (TC) per year. When these engineers earn shares, the average is £21.2k per year. Average stock pay is around 32% of average total compensation, but only a third of entry-level Revolut engineers received it.
Focusing specifically on London, the most senior engineers, predictably, have the most shares; most engineers with 11 or more years of experience are paid in stock. In London, the average total compensation is £157,000 and equity compensation averages £76.7k, which is 49% of their TC.
It is worth noting that the remuneration of shares is not uniform. A Revolut engineer earning £95,000 in TC working in back-end distributed systems says he received £31.6k in shares. An Android engineer at Revolut who earned the same amount got just £1.2k in stock.
However, earning stock is a sign of a well-paid person Revolution engineer. Only one of the 25 highest paid fintech engineers on Levels.fyi says he was paid exclusively in cash, a London-based engineer earning £140,000. The highest earning Revolut engineer on the site was an Android engineering manager, with a TC of £231,000 and share pay of £102,000.
Loyalty to the company is also key to making the most of these equity payouts, especially when there have been concerns over Revolut’s low average tenure. Only one Levels engineer said he had worked at the company for five or more years, so many hyper-loyal employees are unlikely to earn millions.
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