Santa Clara-based Nvidia, which makes artificial intelligence chips, is now one of the world's the most valuable companies, skyrocketing from a valuation of $346 billion in January 2023 to a valuation of $3.338 trillion last week.
The tech giants 3000% The stock's rise in the past five years has worked well for its staff—employees who have been with Nvidia for five years are probably millionaires now.
A product manager at Nvidia, say a level three out of eight total levels, makes an average of $77,700 in inventory per year, per Levels.fyi assessments.
According to of Finlos investment calculator and entrepreneurAccording to calculations, a $77,700 grant received in 2019 would be worth over $1.6 million today — not including the value of stock bonuses accrued in recent years.
Following the same methodology: An entry level software engineer there would be close to half a million, an old man solution architect it would have $1.3 million and the fourth level data scientist would have $2 million from their initial stock grant alone, provided they all joined five years ago.
Nvidia headquarters in Santa Clara, California. Photo: Marlena Sloss/Bloomberg via Getty Images
While it may seem like a good thing for employees to get rich because of a company's success, Nvidia has had to work to keep long-term, “semi-retired” employees motivated.
At a December company-wide meeting, Nvidia CEO Jensen Huang RECITED had to answer questions about “semi-retired” employees.
Huang responded by asking each employee to take responsibility for their own work and become the CEO of their own 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 can be one solid company culture.
A look at Nvidia's culture YOUR shows an emphasis on “one team” and “no politics, no hierarchy”.
A MIT rating of Nvidia employees found that the company's cultural values matched what they experienced in the workplace. Compared to HUNDREDS of other large companies, Nvidia's culture was well above average.
“If you love what you do and are being compensated very well for it, why leave?” a Reddit user said in a thread about the topic.
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