Nvidiathe Santa Clara-based company that makes AI chips, is now one of the most valuable companies in the world, going from a valuation of $346 billion in January 2023, to a valuation of $3.338 trillion last week .
The tech giant’s 3,000% share price growth over the past five years has been beneficial to its staff: employees who have been with Nvidia for five years are likely already millionaires.
According to estimates by Levels.fyia product manager at Nvidia — say a level three out of eight levels — earns an average of $77,700 in stock per year.
According to the Finlo investment calculator and the calculations of EntrepreneurA $77,700 stock grant received in 2019 would be worth more than $1.6 million today, not including the value of stock bonuses accrued in more recent years.
Following the same methodology: an entry-level software engineer would have about half a million dollars, a senior solutions architect would have $1.3 million dollars, and a level four data scientist would have $2 million dollars from their initial stock grant alone, as long as they all joined the company five years ago.
While it might seem like a good thing for employees to get rich because of a company’s success, Nvidia has had to work to keep billionaire and “semi-retired” employees motivated.
At a company meeting last December, CEO Jensen Huang apparently had to answer questions about “semi-retired” employees.
Huang responded by asking each employee to take responsibility for their work and become the CEO of their time.
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So why do employees choose to stay at Nvidia rather than leave, if they have the financial means to pursue either option? The reason could be a strong company culture.
A look at an official page discussing Nvidia’s work culture shows an emphasis on “one team,” “no politics, no hierarchy.”
An evaluation of Nvidia employees by MIT found that the company’s cultural values align with what they experience in the workplace. Compared to hundreds of other large companies, Nvidia’s culture is well above average.
“If you love what you do and you’re being compensated well for it, why first?” said one Reddit user in a thread on the topic.
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