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What is the Highest Product Manager Salary?

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How much does an Amazon Product Manager make? Well, there are lots of, shall we say “speculative” answers to this question online. The goal of this page is to cut through the noise and provide the real data based on our experience with 100s of tech negotiations and 1000s of submitted offers. Below, we’ve listed the top of band compensation for multiple Amazon Product Manager levels. There is also a bonus section at the bottom with info on negotiating Amazon Product Manager offers.

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Amazon Product Manager Offer Components

• Amazon base salary:

  base salary at Amazon is fairly standard. The one unique element was that for almost all of 2021 there was a $160K/$185K base salary cap in Seattle/SF

• Amazon equity (RSUs):

  Amazon’s equity vesting schedule is non-standard and heavily back weighted. You will vest equity (i.e. you receive shares) over a 4 year period but only 5% in year 1, 15% year 2, 40% in year 3 and 4. Amazon quotes a specific number of shares rather than dollar value, but you can calculate a decent approximation of the dollar value by looking at the average share price over the past month

• Amazon signing bonus:

  Amazon has a signing bonus in year 1 and year 2. These are typically much larger than at other companies to make up for the tiny portion of equity that is vesting in year 1 and 2

• Amazon performance bonus:

  Amazon does not have set targets for performance bonuses. You shouldn’t factor this into your total comp at Amazon

• Amazon stock refreshers:

  Amazon stock refreshers are very hit or miss and depend on your manager/team in addition to your own performance. You will almost always receive additional stocks at the end of your initial 4-year grant, but the usual stacking of stock refreshers in year 2 and 3 doesn’t typically happen at Amazon

Note: Amazon has 3 distinct PM bands: non-technical, technical (PM-T), and technical in AWS (PMT-ES). The data on this page focuses on top of band for PM-T positions in Seattle. PMT-ES offers are higher. And of course, Program Manager (PgM) and Technical Program Manager (TPM) are entirely different roles. Lastly, levelling is critical to understanding compensation bands. If you aren’t familiar with Amazon levels (which are quite unique), skip to the bottom to read this.

Base Salary

$160K

Equity (4 years)

$170K

Yr 1 Signing Bonus

$80K

Yr 2 Signing Bonus

$60K

These top of band numbers are Seattle – SF/NYC have higher comp bands. As a reminder, Amazon’s level structure is unique and an L5 PM at Amazon is equivalent to an IC4 PM at Facebook or Google.

Base Salary

$160K

Equity (4 years)

$320K

Yr 1 Signing Bonus

$145K

Yr 2 Signing Bonus

$115K

PMT-ES offers start at this level and can go quite a bit higher than PM-T offers.

Base Salary

$160K

Equity (4 years)

$700K

Yr 1 Signing Bonus

$295K

Yr 2 Signing Bonus

$225K

In addition to PMT-ES offers being higher, people managers also have different comp bands that are slightly larger than the numbers listed above.

Amazon Product Manager Negotiation

So now you’ve got the comp data, are you ready to negotiate? Not quite.

First off, comp data is constantly changing and Amazon made significant modifications to its compensation approach in 2022. Early 2022 numbers are already coming in higher than the 2021 numbers listed above, and it’s critical to know the full range for each component to optimize your negotiation. Amazon also fundamentally changed how they structure offers with the removal of their artificially low base salary caps. But even more than that, many people think knowing the compensation data is the most important part of a negotiation, but it’s not. You can go tell your Amazon recruiter that you read online the top of band is $X and you want that number, but in 90% of cases that won’t work. So what will?

Companies negotiate when they believe you won’t accept their offer. But, since you just finished a long and arduous interview process with them, they know you are likely to accept the job unless you have higher competing offers from other great companies.

This means you need to create leverage and make it believable that you are considering other options but would prefer Amazon if the compensation is comparable. This sounds easy but quickly becomes challenging if you don’t have other offers or if your other offers aren’t higher than the top of band comp numbers you are targeting.

Assuming you do have a higher competing offer (i.e. above your top of band target) from another good company, the negotiation can still be surprisingly difficult. Amazon has many unusual policies. For example, they by default assume 15% stock appreciation in their offers – though they don’t openly disclose it. This means they will claim to have “matched” a competing offer when in fact their offer is much lower. There are multiple rules like this at Amazon, and the strategies that we’ve found work best to get around them are often not intuitive. In our experience, Amazon’s comp team operates like a bureaucracy where through trial and error you can figure out how to reliably turn specific pieces of information (inputs) into your target output.

Amazon Product Manager Levels

Amazon Levels

L4

L5

L6 (Senior PM)

L7

L8 (PM Director)

Google Levels

L3

L4

L5

Between L6 and L7

L8

Amazon does not follow industry standards when it comes to levelling, though to be fair many companies take a unique approach. We’d recommend using Google levels as the benchmark. Other companies like Facebook, DoorDash, etc. use the Google system just with different names (e.g. IC5/L5/E5 are the same at those companies). Amazon inflates levels by +1 for more junior levels (e.g. Amazon L4 = Google L3, both are entry level positions). However, this trend breaks at Amazon L7, which is closer to Google L7 than Google L6 in terms of compensation and scope. The 3 other main levelling systems to be aware of are: 1) Microsoft where 65 = Amazon L6 2) Apple where ICT4 is in between Amazon L5 and L6 3) Stripe/Robinhood/etc. where L2/IC2 = Amazon L5.

1:1 Salary Negotiation Support

We’ve negotiated more than $45M in Amazon offers in 2021. Our largest Amazon increase was $970K.

Step 1 is defining the strategy, which often starts by helping you create leverage for your negotiation (e.g. setting up conversations with FAANG recruiters).

Step 2 we decide on anchor numbers and target numbers with the goal of securing a top of band offer, based on our internal verified data sets.

Step 3 we create custom scripts for each of your calls, practice multiple 1:1 mock negotiations, and join your recruiter calls to guide you via chat.

Negotiate Your Offer

Amazon Product manager Salary at Different Levels

Amazon is known to pay lucrative salaries for engineering and product roles. The company extensively hires Product Managers for various business categories, namely e-commerce, AWS, digital streaming, logistics, and aerospace. While there’s almost always a vacancy for a Product Manager at Amazon, cracking the Amazon product manager interview isn’t all that straightforward. Besides possessing the required analytical and product management skills, there are a bunch of other aspects that need to come together in your interview in order to get an offer. 

If you’re preparing for technical interviews, check out our interview questions page and salary negotiation ebook to get interview-ready! 

Also, read Amazon Leadership Principles Questions and Amazon Phone Interview Questions for specific insights and guidance on Amazon tech interviews.

Having trained over 13,500 software engineers, we know what it takes to crack the toughest tech interviews. Since 2014, Interview Kickstart alums have been landing lucrative offers from FAANG and Tier-1 tech companies. The highest ever offer received by an IK alum is a whopping $1.267 Million!

At IK, you get the unique opportunity to learn from expert instructors who are hiring managers and tech leads at Amazon, Facebook, Apple, and other top Silicon Valley tech companies.

Want to nail your next tech interview? Sign up for our FREE Webinar.

In this article, we’ll take a look at Product Manager salaries at Amazon. We’ll cover:

• Amazon Product Manager Levels
• Amazon Product Manager Salaries
• Stock Options Offered to Amazon Product Managers
• Other Benefits Offered to Amazon Product Managers

Amazon Product Manager Levels

If you’re applying for a Product Manager role at Amazon, your tier level will depend on your level of experience and the skills you bring to the table. Product Manager roles are essentially senior roles, so they naturally attract higher salaries. Below are the Product Manager Levels at Amazon:

1. L5 – Associate Product Manager  
2. L6 – Senior Product Manager
3. L7 – Principal Product Manager
4. L8 – Director
5. L9 – Senior Director

Positions L8 and L9 are reached mostly through seniority. If you’re already a Senior Director in Product Management in a different company and apply to Amazon, you’d most likely be offered a position in the L8 tier, although your designation could remain the same. 

Amazon Product Manager Salaries

Here’s a breakdown of the average annual salaries of Amazon Product Managers at different levels:

Related read: How to prepare for the Amazon Data Engineer Interview? 

As you can see in the following chart, with increasing seniority, the compensation gets more and more stock-heavy at Amazon:

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Stock Options Offered to Amazon Product Managers

Amazon offers Product Managers exciting stock options in addition to other compensation-related benefits. Product Managers are offered Restricted Stock Units that usually have a vesting period of 4 years. The extent of units offered is proportional to the level of seniority. Directors and Senior Directors are usually offered less in bonuses and more in stock options. Additionally, the vesting period depends on the total number of stock units received. Usually, it is 4 years. 

Here’s how the vesting period pans out for Product Managers at Amazon over the 4 years:

• 5% of units vest in the first year
• 15% in the second year
• 20% in the third year
• 20% in the fourth year 

Other Benefits Offered to Amazon Product Managers

In addition to the attractive packages and stock options, Amazon also offers a bunch of perks. Here are some of the benefits you can expect:

• Wellness and Insurance: Includes free breakfast, lunch, and dinner at the on-site, unlimited sick days, paternity and maternity benefits, and paid leaves up to 25 days for senior roles. 
• Transportation benefits: Includes travel to and from the campus, as well as within the on-site facility. 
• Financial benefits: Includes stock options, 401k, surrogacy assistance (up to $40,000), and employee discount on Amazon products.

Preparing for a Product Manager Interview?

Do it the Interview Kickstart way — join the Product Manager Interview Course.

Interview Kickstart is the gold standard for tech interview prep. With a comprehensive curriculum, unique teaching methods, FAANG+ instructors, and career coaching, we cover all ground to set you up for success at the interview.

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Amazon Product Manager Salary -Know More

No Comments on Amazon Product Manager Salary -Know MorePosted in Salary Guide By SamuelPosted on August 4, 2022August 4, 2022

There’s no question that the Amazon Product Manager (PM) position is one of the most in-demand in the tech industry. With its growing market share, rapid growth, and intense competition, Amazon has always been a company that values employee productivity and satisfaction – two necessary factors for a successful work environment. Let us learn about “Amazon Product Manager Salary”

The salary ranges for Amazon Product Managers vary; depending on experience, location, and other factors. However, a salary report suggests that the median salary for an Amazon Product Manager is $120,000 per year.

The post of a Product Manager doesn’t entitle only one position but rather a band of positions with different levels. Those are:

Associate Product Manager (L3) 

This entry-level position is the most suitable for recent graduates. They get a salary of $163,667/year.

Junior Product Manager (L5) 

A junior product manager is someone who is new to the role but knows his way around the job. Junior project managers often lead a smaller team and have some work experience under their belt. They get a salary of around $156k per year.

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Product Manager (L6) 

This mostly known position entitles a lot of skills, experiences, and responsibilities. They are in charge of all aspects of the product from conception to launch, and they lead the product development team. A Sr. PM gets $175k per annum while the salary for a PM with less experience is $144k.

Principal Product Manager (L7) 

They manage groups of people handling a project. They need more soft skills than technical skills. Their average salary is $382,696/year.

VP Product (L10) 

A VP is similar to a Director, but they manage one company area: the management of products. They usually handle the team budget. They get a salary of $1,105,000 at Amazon in Seattle, WA.

The Average Annual Salary Of A Product Manager In Amazon

In the United States, a product manager at Amazon earns $138,000 per year on average. In addition to the good salary, product managers are paid an excellent percentage of the total compensation package for their position. And they get equity of $0-$100k.

As work experience is another determining factor of a product manager, the base salary varies between $23k (for entry-level Product Managers) to $71k (experienced for 12 years) per annum. The salary of product managers depends on the level they are working at too.

A Senior products manager earns around $175k working at Amazon. While the same for a group product manager is $221k. A Chief Product Officer gets the highest salary in product manager tiers with $237k per annum.

Reasons To Work At Amazon – Plus, The Average Product Manager’s Salary

There are many great reasons to work at Amazon, and one of the top benefits is the company’s culture. Here are seven reasons why becoming a product manager at Amazon could be an ideal job choice for you:

• You will get excellent pay with many benefits (Eg, 401k plan, health benefits). Plus, stock options make your salary stand out.

• You’ll never have to worry about being unavailable for work because of flexible hours or vacations. Many employees swear by the company’s remote work policy.

• Software development projects won’t suffer due to ambiguous timelines or poor planning, so you shouldn’t be concerned. At Amazon, everything runs smoothly thanks to tight teamwork and meticulous coordination between developers’ teams leading up to cohesive product releases.

• Regular feedback and recognition are normal when you work for Amazon.

• You’ll be working with a driven team that’s passionate about creating innovative products.

• Amazon can offer you opportunities for growth and career advancement.

What Are The Duties And Responsibilities Of A Product Manager?

A product manager is responsible for the overall success of a business’s products. This position sometimes is counted in the marketing or engineering department but may be found in other departments like finance or sales too. The primary responsibilities and duties of a product manager include:

• Developing and managing products, defining customer needs, testing new ideas, creating specifications, and working with teams to develop prototypes.  

• Liaising with stakeholders across different departments.

• Solving the problems that crop up during development.

• Being responsible for all features of the production from idea creation to launch and maintenance.

The key skills that you need to be successful in the role of a product manager include strong strategic thinking abilities, outstanding communication, and coordination skills, the ability to prioritize tasks effectively, knowledge of market trends/behavior patterns, and experience in working on complex software systems or websites.

Given this, it is no surprise that the Product Manager salary is quite high. With other benefits and packages, product managers at Amazon can live comfortable lives while helping to shape the future of one of the world’s most popular brands.

As a Product Manager, you have to work as a team and carry out the launch of successful products. So soft skills are important for this job. 

Conclusion

Above mentioned are the requirements of an Amazon Product Manager and the various salary brackets are discussed. Now that you have a better understanding of all the must-haves and benefits, you can make an educated decision to choose the right post for you depending on your expertise, experience, and area of interest.

FAQs

1. Do you think that there is a direct correlation between higher pay and more responsibility within the role?

Yes, within a job, there is a direct link between higher pay and greater responsibility. With higher pay comes increased responsibilities and more challenging tasks.

2. What product are you personally most proud of? And why is that so? 

CrossFit Bootcamp workout DVD might be the champion in this. Because the DVD is fun, efficient, and extremely versatile- ready for both home and the gym.

3. What is the startup fee for setting up a new business on Amazon?

There are no startup fees, and you can operate your business with little to no overhead costs.

4. Do you think that Amazon Product Managers are underpaid compared to other product managers?

Some reports indicate Amazon Product Managers may be underpaid when compared to their counterparts at other companies.

Amazon Senior Product Manager Salary in US | 2022

Table of Contents

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Amazon Senior Product Manager Salary in the U.S. varies basically by conditions like levels, location, for countries like the UK, Luxembourg, London, or India appear to have different pay scales. This is no different in cities in the United States such as New York, Hawaii, or California.

Below is the summary of Amazon Senior Product Manager Salary by level:

• Product manager: $172K
• Senior Product Manager: $250K
• Principal Product manager: $385K
• Director: $66k

You will find all you need to know about an Amazon senior product manager’s salary and what it takes to become one in this article. Relax and critically read through this.

RELATED: Amazon Product Manager Salary in US | 2022

What is an Amazon Senior Product Manager?

Product managers are responsible for finding, designing, building, and managing the best goods to market. Customer focus, analytical aptitude, comfort with big data, and stakeholder management abilities are all critical for good as a senior Amazon product manager.

The composition of these must-haves will vary, with the exception of consumer obsession. There are both technical and non-technical Senior Product managers at Amazon.

What Does an Amazon Senior Product Manager Do?

 Responsibilities

• Create and manage a good product plan that produces measurable outcomes.
• Collaborating with the worldwide cross-functional product, data, technology, operations, program, and sales teams.
• Deep digging data and stories to creatively solve challenges and generate demonstrable effects for Sellers.
• Actively connecting with internal stakeholders on a regular basis to produce value at scale

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Are Amazon Senior Product Managers Well Paid?

Of course, Amazon Senior production managers are well paid, the average Amazon Senior Product Manager salary is $183,045 per year, which comprises a basic salary of $137,754 plus a bonus of $45,291.

How to Become an Amazon Senior Product Manager

Qualifications

• 5+ years of product or program management, product marketing, business development, or technological expertise
• Product delivery experience from start to finish
• Experience supervising roadmap strategy and definition
• Product feature delivery and tradeoff experience

• Bachelor’s degree
• 3+ years of product management experience 
• Experience with end-to-end software product delivery, from product vision to requirements to product launch 
• A collaborative working style must work well in a cross-functional environment 
• Business drive, general manager/owner mindset
• Excellent writing and verbal communication abilities.  
• Proven effectiveness in developing solid working relationships and encouraging cross-technical cooperation.

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Desired Qualifications

• Post-graduate degree (MBA, MS, etc.) in computer science or similar technical discipline
• Experience with large-scale e-commerce platforms and systems with complicated business logic

Top Skills

• The ability to stand in for the consumer at all times. Being able to empathize and recognize the “correct” consumer concern (without jumping to conclusions).
• Comfort with data in order to assess the effectiveness of any project.
• Excellent narrative abilities, depending on the audience. A CEO has a very different perspective than technical staff.

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What is the Average Amazon Senior Product Manager Salary in the U. S?

As of May 27, 2022, the average compensation for a Senior Product Manager at organizations like Amazon.com in the United States is $151,489, however, the range frequently falls between $135,606 and $168,735 (Salary.com).

Amazon Senior Product Manager Salary Per Year

According to Comparably, the average Amazon Senior Product Manager earns $183,045 per year, which comprises a basic salary of $137,754 plus a bonus of $45,291. This total pay is $29,874 higher than the national average for a Senior Product Manager. Amazon Senior Product Manager salaries range from $107,000 to $285,000, with equity ranging from 0 to 150K+.

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What is an Amazon Senior Product Manager’s Salary Per Hour

The hourly wage might vary greatly depending on a variety of things, including education, certifications, supplementary talents, and the number of years you have worked in your field. Salary.com has more online, real-time salary data than any other website, allowing you to pinpoint your exact wage objective.

As of May 27, 2022, the average hourly wage for a Senior Product Manager at companies like Amazon.com in the United States is $73, but the range typically falls between $65 and $81.

Factors that Affect an Amazon Senior Product Manager Salary

Geographic Location

Unsurprisingly, physical location is one of the most important elements in determining how much you may make in a certain job.

Salary levels are often greater in major cities such as New York and Washington than in more rural areas. However, it is crucial to realize that the cost of living in rural regions such as Green River, Wyoming is far lower than in large cities.

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Experience

It has been claimed that there is no alternative to experience, and this is most likely correct. The amount of money you may make as a professional is heavily influenced by your level of experience. In the end, you’ll get paid what you’re worth.

As your reputation grows, you will attract additional clients, consumers, and employers who will be prepared to pay top cash for your services. Top earners in a given occupation often have 10+ years of experience.

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Amazon Senior Product Manager Salary Based on Level

Average Compensation by Level

Amazon Senior Product Manager Salary Based on Level

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Entry Level Amazon Senior Product Manager Salary

The entry-level Amazon senior product manager is actually the product manager which is level 5 (L5). As an Amazon product manager, you can earn about $171,000/yr.

Senior Level Amazon Senior Product Manager Salary

As a senior-level Amazon product manager, you can make up to $247,000/yr and a bonus of $11,000. This is considered Level 6 (L6).

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Amazon Senior Product Manager Salary Based on Location

Amazon Senior Product Manager Salary by States

State	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
Washington	$148,535	$12,378	$2,856	$71.41
New York	$140,450	$11,704	$2,701	$67.52
California	$134,426	$11,202	$2,585	$64. 63
Idaho	$134,021	$11,168	$2,577	$64.43
New Hampshire	$132,444	$11,037	$2,547	$63.67
Vermont	$130,653	$10,888	$2,513	$62.81
Massachusetts	$128,443	$10,704	$2,470	$61.75
Hawaii	$126,122	$10,510	$2,425	$60.64
Nevada	$125,966	$10,497	$2,422	$60.56
Maine	$125,947	$10,496	$2,422	$60.55
Montana	$125,795	$10,483	$2,419	$60.48
New Jersey	$125,602	$10,467	$2,415	$60.39
Arizona	$124,675	$10,390	$2,398	$59.94
Wyoming	$123,038	$10,253	$2,366	$59.15
Tennessee	$122,934	$10,244	$2,364	$59. 10
Connecticut	$122,549	$10,212	$2,357	$58.92
Rhode Island	$121,283	$10,107	$2,332	$58.31
Alaska	$120,746	$10,062	$2,322	$58.05
Indiana	$119,822	$9,985	$2,304	$57.61
Minnesota	$119,137	$9,928	$2,291	$57.28
Oregon	$119,097	$9,925	$2,290	$57.26
West Virginia	$118,873	$9,906	$2,286	$57.15
Maryland	$118,842	$9,903	$2,285	$57.14
Texas	$118,805	$9,900	$2,285	$57.12
North Dakota	$118,410	$9,868	$2,277	$56.93
Pennsylvania	$116,238	$9,686	$2,235	$55.88
Virginia	$115,977	$9,665	$2,230	$55. 76
Wisconsin	$113,745	$9,479	$2,187	$54.69
Nebraska	$113,235	$9,436	$2,178	$54.44
Ohio	$113,224	$9,435	$2,177	$54.43
Delaware	$113,022	$9,419	$2,174	$54.34
Iowa	$112,622	$9,385	$2,166	$54.15
South Dakota	$112,240	$9,353	$2,158	$53.96
Utah	$111,408	$9,284	$2,142	$53.56
Colorado	$110,759	$9,230	$2,130	$53.25
South Carolina	$110,441	$9,203	$2,124	$53.10
Alabama	$109,092	$9,091	$2,098	$52.45
New Mexico	$108,787	$9,066	$2,092	$52.30
Arkansas	$108,376	$9,031	$2,084	$52. 10
Kansas	$107,069	$8,922	$2,059	$51.48
Oklahoma	$106,967	$8,914	$2,057	$51.43
Michigan	$106,460	$8,872	$2,047	$51.18
Florida	$106,018	$8,835	$2,039	$50.97
Mississippi	$105,600	$8,800	$2,031	$50.77
Kentucky	$104,825	$8,735	$2,016	$50.40
Illinois	$103,376	$8,615	$1,988	$49.70
Missouri	$101,640	$8,470	$1,955	$48.87
Georgia	$101,411	$8,451	$1,950	$48.76
Louisiana	$96,221	$8,018	$1,850	$46.26
North Carolina	$92,766	$7,730	$1,784	$44.60

Amazon Senior Product Manager Salary by States

What are the Top 10 Highest Paying Cities for Amazon Senior Product Manager Salary Jobs in the U. S for 2022?

Amazon Senior Product Manager Salary New York

According to Glassdoor, the average Amazon Senior Product Manager income in New York City is $158,067 per year. Senior Product Manager wages at Amazon may range from $113,800 to $210,387 per year in New York. A Senior Product Manager at Amazon can expect to earn an average total salary of $167,504 per year after bonuses and other extras.

This estimate is based on 45 Amazon Senior Product Manager salary report(s) submitted by workers or calculated using statistical methods.

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What is an Amazon Senior Product Manager Salary Luxembourg

In Luxembourg, the average Amazon Senior Product Manager income is €99,213 per year. Amazon Senior Product Manager salaries vary from €75,161 to €110,102 per year. When bonuses and other forms of compensation are taken into account, a Senior Product Manager at Amazon can expect to earn an annual salary of €101,268 (Glassdoor).

This estimate is based on 57 Amazon Senior Product Manager salary report(s) submitted by workers or calculated using statistical methods.

Amazon Senior Product Manager Salary India

The average Amazon Senior Product Manager compensation in India is ₹71 Lakhs per year for professionals with 6 to 14 years of experience. The annual compensation for a Senior Product Manager at Amazon ranges from ₹37.7 to ₹98 Lakhs. Salary estimates are based on 127 salaries provided by Amazon workers.

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Amazon Senior Product Manager Salary London, UK

In the United Kingdom, the average Amazon Senior Product Manager income is £81,121 per year. Amazon Senior Product Manager salaries vary from £56,917 to £128,168 per year. When bonuses and other forms of compensation are taken into account, a Senior Product Manager at Amazon can expect to earn an annual salary of £82,000 on average (Glassdoor).

This estimate is based on 96 Amazon Senior Product Manager salary report(s) submitted by workers or calculated using statistical methods.

Amazon Senior Product Manager Salary Based on Field

Google Salary

Software Engineer – $160,000/yr.

Senior Software Engineer – $213,926/yr

Program Manager – $163,444/yr

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eBay Salary

According to Comparably, the average projected annual pay at eBay, including base and bonus, is $135,366, or $65 per hour, with a median salary of $140,617, or $67 per hour. The highest-paid position at eBay is Director of Product, which pays $292,667 per year, while the lowest-paid job is CS Rep, which pays $37,167 per year.

Best Paying Related Amazon Senior Product Manager Jobs in the U. S

FAQs

What is the highest salary you can make at Amazon?

Amazon will raise the maximum base salary for corporate and technology staff to $350,000, up from $160,000 before, as part of a broader increase in total compensation designed to attract top talent and keep existing employees.

What level is Senior Product Manager Technical at Amazon?

L6 (Level 6)

How long does it take to become a senior product manager?

Most people get three to five years of experience in the area before becoming a senior product manager.

What does a Level 8 make at Amazon?

The pay foundation of level 8 (or Director level) is approximately 15% greater than the preceding level. There are numerous job titles available, such as network, with starting salaries ranging from $600,000 to $1.4 million per year plus a bonus. You can view all of the VPs in this level, which only has a few hundred.

Conclusion

As you can see, Principal PM is a significant step over Senior. Amazon has extremely few leveling bands, and the highest IC job you may fulfill before moving on to a Director or VP post is Principal. As a result, the pay at the Principal level reflects your increased seniority and management responsibilities.

Bottom line: If you want to work at Amazon only for the money, you’ve come to the wrong place. You must be enthusiastic about addressing Amazon challenges at the Amazon scale.

In everything you do, you must display not only commercial talents but also great leadership qualities.

Reference

• amazon.jobs– Senior Product Manager
• ziprecruiter.com– What Is the Average Senior Product Manager Salary by State
• levels.fyi– Amazon Senior Product Manager
• glassdoor.com– Luxembourg Amazon Senior Product Manager

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• Apple

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Business Insider analyzed salary data for workers at top tech companies.

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2022-04-28T22:00:00Z

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• Alphabet

• Amazon

• Apple

• Dell

• DoorDash

• HPE

• IBM

• Instacart

• Intel

• Lyft

• Meta

• Microsoft

• Salesforce

• Snap

• TikTok

• Uber

• Waymo

• Business Insider analyzed salary data for thousands of workers to reveal how much large tech companies pay.
• We crunched the numbers for companies including Airbnb, Amazon, Apple, Facebook, Google, Microsoft, Salesforce, Snap, and Uber.
• The data, which US companies report in visa applications for foreign workers, sheds light on how engineers, designers, and others are compensated in the competitive industry.

Big US technology companies have powered their way through the pandemic, posting impressive growth, minting money, and hiring rapidly.

In July of last year, the tech-industry association CompTIA reported that the sector experienced job growth in 10 out of the previous 12 months — a standout performance given the lockdowns last year. Tech firms added more than 80,000 workers in the US through the first half of 2021, it added.

Google’s parent company, Alphabet, hired more than 4,000 employees in the second quarter alone. Overall, more than 300,000 open tech jobs were posted in June, with software and app developers, IT-support specialists and project managers, systems engineers and architects, and systems analysts in highest demand. Jobs in emerging tech, such as AI, accounted for more than a quarter of open positions.

Companies are required to disclose information including salary (or, in some cases, salary ranges) when they hire foreign workers under the H-1B visa program, giving insight into what these tech giants are willing to shell out for talent.

So, to get a sense of what salaries in the industry are like these days, Business Insider analyzed the US Office of Foreign Labor Certification’s disclosure data for permanent and temporary foreign workers to find out what companies pay employees in key roles, including engineers, designers, and salespeople.

When you’re done checking out this industry data, take a look at Insider’s searchable database of over 250,000 salaries from more than 250 companies so you can know how much you should be paid.

Google’s software engineers can make more than $300,000.

Google CEO Sundar Pichai.

Justin Sullivan/Getty Images

Google is often touted as one of the best places to work, with compensation to match.

A software engineer was offered $353,000, a vice president of engineering can get $475,000, and a senior vice president recently took in an annual salary of $650,000.

Here’s a look at many other positions and how much they pay across Google.

The company’s Cloud business has been aggressively building out its workforce as it tries to catch its larger cloud rivals Amazon Web Services and Microsoft Azure.

Here’s a peek at the salaries Google Cloud pays US-based engineers, managers, and more.

Amazon cloud-solutions architects are paid $90,800 to $185,000, depending on location and skills.

Adam Selipsky, the Amazon Web Services boss.

Albert Gea/Reuters

Amazon’s cloud unit, now run by Adam Selipsky, has continued hiring for technical and business talent to support its dominant cloud-computing business.

Insider reviewed more than 200 H-1B visas that Amazon’s cloud unit applied for from January to June to reveal how much it paid software developers, data scientists, marketers, salespeople, business analysts, and more. The highest-paid employees, according to that data, can make as much as $185,000 in base salary.

Check out the details here.

Senior marketing jobs at Apple can pay up to $325,000.

Apple CEO Tim Cook.

Roy Rochlin/WireImage/Getty Images

Apple closed another successful fiscal year in September 2021, growing revenue by 33% and generating $95 billion in profit from sales of iPhones, iPads, Macs, and other devices and services.

Analysts have predicted that the tech giant is on track to become the first company to hit $3 trillion in market value this year after being the first to reach the $1 trillion and $2 trillion marks — and Apple is bringing on a cadre of visa-holding overseas workers to help it.

Check out the salaries Apple pays for positions such as software developers, electrical engineers, computer and information systems managers, and statisticians.

Apple’s advertising is legendary, and its broader marketing efforts are integral to the company’s success. The iPhone maker regularly gets attention for its cinematic campaigns. The company sponsors visas for a range of well-paid marketing jobs. 

Here are the salaries of advertising- and marketing-focused roles at Apple and other tech giants including Airbnb and Facebook.

Most salaries at Dell are in the six-figure range — with some exceptions

Dell CEO Michael Dell.

Dell

Heightened demand for hardware during the pandemic led to record earnings for companies like Dell despite supply chain woes. Some employees reaped nearly $200,000 for their part in the company’s boom.

While senior-level roles tend to be top earners, an Insider analysis of 381 approved H-1B visas for Dell workers found that a technical staff member in software engineering based in Texas earned $198,083.

It’s a top range salary, but many other roles across engineering, analyst and sales positions earned at least six figures — with exceptions, like some business and sales analysts. 

Here’s how much Dell paid US-based engineering, analyst, product-management, and sales roles.

Senior DoorDash jobs in engineering and sales make upwards of $250,000

DoorDash CEO Tony Xu

Noam Galai/Getty Images for TechCrunch

DoorDash’s service has become a staple for households around the country. The company is getting into rapid grocery delivery and expanding overseas, and it has been paying to attract the right employees for these growing ambitions.

A software engineer at DoorDash can make as much as $250,000 in annual salary, according to compensation data compiled by Insider. A project manager on the growth side can pull in $240,000 a year. And on the business side, a director of sales strategy and operations is paid $265,000 a year.

These high salaries across technical and business roles reflect the company’s need to attract talent as it competes against big rivals. 

See many other DoorDash jobs and salaries here.

IBM employees can make as much as $335,000 in base salary.

IBM CEO Arvind Krishna.

Brian Ach/Getty Images for Wired

Under CEO Arvind Krishna, IBM is trying to reinvent itself for the cloud-computing era, dominated so far by Amazon, Microsoft, Alibaba, and Google.

IBM’s 2019 purchase of the open-source-software firm Red Hat for $34 billion was a defining moment when the company bet big on hybrid cloud and artificial intelligence. Part of IBM’s reinvention includes growing its 350,000-strong employee base to add engineering talent in cloud, hybrid cloud, and AI, as well as in fields like strategy, consulting, and business analysis.

Business Insider analyzed the 241 H-1B visas IBM applied for since January to find out what it pays engineers, business analysts and consultants, digital strategists, and more. The highest-paid IBM employees can make as much as $335,000 in base salary, according to that data.

Check out all the jobs and salaries here.

Instacart has more than 100 open positions

Instacart CEO Fidji Simo

Instacart

Instacart under new CEO Fidji Simo is doubling down on working with grocery stores for its delivery service. And the company is hiring up on the corporate side to carry this strategy out.

Right now the company has more than 100 open positions listed on its website. And a look at the salaries it’s paying shows the company is willing to spend big, especially for technical roles.

An engineering manager makes $240,000 in salary; senior software engineers make upwards of $190,000. On the business side, an account executive makes $160,000.

Check out all the Instacart compensation data Insider compiled here.

Intel engineering managers can make more than $300,000.

Intel CEO Pat Gelsinger.

Horacio Villalobos-Corbis/Getty Images

Intel is battling slowing revenue growth, shrinking margins, and rising competition from Taiwan Semiconductor, AMD, Nvidia, and others.

There’s also a semiconductor shortage to contend with, while marquee customers like Apple are designing their own chips.

For all of this, Intel relies on scientists, researchers, managers, marketers, and different types of software and hardware engineers.

Here’s a peek at the salaries Intel pays some of these employees, based on roles from almost 1,000 approved visa applications that the company filed with authorities.

Engineering roles at Lyft range make between $122,000 and $189,100

Logan Green, Lyft cofounder and CEO.

Noah Berger/AP Photo

Lyft may be the second place ridesharing company by revenue, but employee salaries are still on par with its number one competitor, Uber.

Engineers at Lyft — depending on the speciality — can earn between $122,000 and $189,100, with engineering managers making $235,654. The averages are based on an Insider analysis of salary data from the US Office of Foreign Labor Certification.

Read how much Lyft paid employees across 18 tech and non-tech roles.

A Facebook engineering director can make roughly $360,000

Facebook COO Sheryl Sandberg

Matt Winkelmeyer/Getty Images for Vanity Fair

Facebook employees consistently make well into the six figures. An in-house ad-agency director hired in the past year earns a salary of just over $330,000. An engineering director makes roughly $360,000.

Pay depends on the job, of course, but increasingly on where the worker is based, too. A data analyst in California, for example, makes $130,000 to $150,000 a year. One data analyst in Texas makes $128,000, and another $111,000. A software engineer in New York makes $160,000. One in Rhode Island and another in Texas make $118,000 a year.

Here are all the latest data on Facebook salaries.

Microsoft’s highest-paying jobs include software engineers, sales managers, and researchers.

Employees at Microsoft.

Bryan Thomas/Getty Images

We analyzed Microsoft’s more than 1,400 active foreign-worker visas in 2020 to find the titles with the highest salaries and provided a salary range for each role.

We focused this list on roles that pay $175,000 or more at the high end of the range and categorized them based on information we found in job postings. The highest salary we found, for a channel sales manager, was $250,000.

In internal Microsoft surveys obtained by Business Insider, 55% of staff said in 2020 that their combined salary, bonus, and equity was competitive with similar jobs at other companies, down from 65% in 2017.

Here’s the full list of jobs and salaries, covering positions such as cloud-solutions architect, legal counsel, silicon engineer, and software engineering lead.

A senior manager of software engineering at Salesforce is paid more than $215,000.

Employees outside the Salesforce Tower.

Noam Galai/Contributor/Getty Images

Salesforce is embracing a hybrid mindset, giving employees the option to work remotely part time, and it expects to increase its number of permanently remote workers, too.

That flexibility is opening up talent pools for the company. Last September, the company said it was planning to add over 12,000 jobs over the next year. And Chief People Officer Brent Hyder told the San Francisco Chronicle last April that Salesforce’s hiring spree this year would exceed 15,000 employees.

Insider analyzed the 206 H-1B visas Salesforce applied for from January to March to find out how much it paid workers in areas like engineering, data analytics, and product management. Software engineers can make more than $200,000 in salary, the data showed.

Here’s the full list of positions and pay.

Snap offers base salaries ranging from $59,000 to $500,000.

Snap CEO Evan Spiegel.

Steve Jennings/Getty Images for TechCrunch

Snap, the company behind Snapchat, has had a growth spurt. And it’s been staffing up to support ambitions in areas like augmented reality, short-form video, and original shows. The company now has about 4,000 employees in 15 countries.

Snap said in May that it was committed to paying all employees a livable wage that “contributes to healthy work-life integration and to the local economy in which we work.” It offers a minimum of $15,000 in equity grants to new hires and said its baseline annual pay rate for employees at its headquarters in Santa Monica is $70,000.

In late 2020 and 2021, Snap offered annual base salaries ranging from $59,000 to $500,000 for various roles, according to data from H-1B visa applications analyzed by Business Insider.

Check out all the Snap jobs and pay here.

TikTok salaries range from $60,000 to nearly half a million dollars

ByteDance founder and CEO Zhang Yiming.

Zheng Shuai/VCG via Getty Images

ByteDance and its subsidiary TikTok, the social media app that skyrocketed in popularity last year, paid employees $59,700 to $480,000 in 2020 and 2021, according to approved foreign labor certification applications reviewed by Insider.

Technology roles trended toward the high end of the pay scale, with senior engineering directors taking home $440,000 to $480,000 annually. At the low end, staff accountants earned $59,700 and HR generalists made $68,408.

Across all positions, the median annual base salary at TikTok and ByteDance was $188,500.

Here are the salaries of product, engineering, data science, research, monetization and other roles at TikTok and ByteDance.

Uber competes with the biggest Silicon Valley companies, and its salaries show that.

Uber CEO Dara Khosrowshahi.

Tasos Katopodis/Getty Images for Uber

Though Uber has gone through rounds of job cuts in recent years, its compensation for many full-time positions is competitive with the biggest Silicon Valley tech firms.

Senior engineers can earn salaries of well over $200,000, while data scientists can pull in almost $150,000 and senior product managers can make about $190,000 or more, excluding any equity or bonus.

Lyft competes for similar talent. 

Check out the full list of Uber and Lyft positions and salaries here.

Waymo pays $122,000 to $300,000, depending on the type of job and location.

Waymo co-CEO Tekedra Mawakana and UiPath CEO Daniel Dines.

Stefanie Keenan/Getty Images/Bertrand Guay/AFP via Getty

Few industries are blowing up like artificial intelligence and big data. PitchBook estimated that spending on AI software and hardware would reach $138 billion in 2021 and grow at a rate of 23% in the next three years.

All that investment fuels an equally explosive jobs market. The job-search site ZipRecruiter showed more than 60,000 AI-engineer jobs listed. Those roles pay very well, with annual compensation as high as $304,500.

Business Insider analyzed US visa-application data from the first quarter of 2021 for permanent and temporary foreign workers to find out what 10 top AI companies pay engineers, researchers, and other professionals in the field of big data and machine learning.

Waymo relies heavily on AI to train the software that controls its autonomous vehicles. The Alphabet unit pays $122,000 to $300,000, depending on the type of job and location, according to the data.

Here’s the full salary data for Waymo, Snowflake, UiPath, Databricks, DataRobot, Samsara, ByteDance, Cruise, Dataminr, and OpenAI.

Axel Springer, Insider Inc.’s parent company, is an investor in Airbnb.

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4 Reasons You Shouldn’t Become a Product Manager

The product management career path can be incredibly fulfilling as you build and work on products used by millions of users around the world.

However, a PM career looks different than other roles in tech. The success of a product, or even an entire company, rests on the product team. PMs lead the way on what to build and why.

Building impactful products is exciting! But being a PM comes with a lot of pressure to perform and drive results. Are you cut out for product management?

How to Become a Product Manager: The Ultimate Career Path Guide

Many tech professionals follow a product manager career path because it blends responsibilities. Take a closer look at product management as a career from APM to Director of Product.

ExponentKevin Wei

Strategic Direction is Not Yours to Own

The first thing you should know about becoming a product manager is that strategic decisions won’t fall squarely on your shoulders. Leadership and upper management will likely set the direction of the company and the products you’re building.

You’ll also likely be hearing a lot about the priorities of a technical program manager if you work at a big company in your first job.

This means that as a new PM, you may not have much say in the strategy of the company. Product managers are trusted to follow through on the company’s objectives and vision, even if they don’t always agree.

You’ll likely have opinions about the products you’re building. Unfortunately, they may not always be heard.

Companies rely on their product directors to understand the business landscape and make product decisions based on the information they see.

If you’re the type of person who wants to own the product lifecycle and plan big things, you may be disappointed early in your career!

Even if you’re not 100% committed to the products you’re building, your team needs you to be on board. Designers, engineers, and product marketing teams all rely on cooperation to get the job done.

You’ll have to check your ego at the door if you want to be a successful product manager.

Feel free to share opinions in planning meetings about things that may or may not go well. But don’t expect the whole company to pivot because you don’t think a particular feature or product is going to move the needle.

Product managers are sometimes called the “CEO of the product,” which implies more ownership than is sometimes given.

Knowing this before jumping into your product manager career path is important if you’re the type of person who likes ownership!

If that’s something you need, consider starting your own company or creating your own product. Own the product outright and be in charge of the strategy of its release.

Product Management is Wishy Washy

Product management is not a predictable 9 to 5 job. Every day will look different.

If you’re the type of person who needs consistency every day, you’re probably not ready to be a product manager!

Product managers don’t have a fixed to-do list. Instead, they’re facilitators of building and completing projects.

One day you may be involved in planning meetings to flesh out a new product feature. The next day you may be working directly with your team to overcome a technical bug. And some days you may just need to give your team a morale boost when things get tough!

Every day is different for a product manager. If you like structure and planned sprints for your tasks, product management may be an unpleasant and stressful job for you!

Read What Does a Product Manager Do All Day? – A Day In the Life of a Product Manager to gain a better understanding of how unpredictable the day can be.

You’re Responsible for a LOT

Being a product manager is a LOT of responsibility. If you work as a product manager in tech, it’s likely that the products you work on are the bread and butter of the company.

If you work at Google, that means you could be working on Gmail or even Google Search. Both are products used by billions of people around the globe and there’s a lot of pressure to not mess things up!

Working in Big Tech vs. at a Startup | Day in the Life

Trying to decide if you want to work at a big tech company like Google or Amazon, or if you’d be happier at a startup? I’ve worked at both Google and at startups and share the pros and cons.

ExponentStephen Cognetta

PMs, just like sports coaches, get to celebrate both the wins and the losses with their team. When a product launch goes well, you’ll feel like a hero.

However, if a new product launch doesn’t go well and underperforms, the blame will be directed to the product team.

The product manager’s job is to ensure features aren’t a failure by interviewing users, launching beta tests, and observing the marketplace.

If a feature doesn’t go as planned, it’s on your shoulders to own the mistake.

Good product managers need to work well under pressure and make decisions to correct course quickly. If you prefer to work in a calmer environment, a PM career may not be for you!

Slower Career Growth

If you let blog posts on the Internet influence your view of product management, you may assume you’ll be leading teams of people to build cool products.

The reality is that it can take years, even a decade, to grow into a role that has you managing direct reports.

For many years, product managers will work under the guidance of more senior PMs and directors.

If you’re looking to grow into a management or leadership position shortly after transitioning into product, you’ll be disappointed.

Even software developers may find themselves managing junior engineers within two or three years of their career. But PMs are expected to prove their strategy and vision within an organization before they’re given the keys to the castle.

After you move through the ranks of APM and even land your first product management job, you likely still have years to go before you’ll become a manager.

Even senior PMs don’t always manage direct reports!

If building a team and growing into leadership is something you’d like to do in the shorter term, you may not want to become a product manager.

Should You Become a Product Manager?

Product management isn’t for everyone. But at its core, the PM role is strategic and empathetic. It’s what interviewers are looking for in product management interviews.

If you enjoy listening to people, digesting data, and working with teams of all shapes and sizes, a PM career may be right for you.

Being a product manager means wearing a lot of different hats and taking things slowly to make sure you’re making the right call. Building products used by millions of people all over the world can be thrilling.

But if you’re hoping to rise through the ranks quickly and take all the credit for big product successes, a PM career may not be a great fit.

Product Manager Interview Prep

Want to become a product manager or upgrade your career? Check out all of the product management courses and resources Exponent has:

💬 Review more commonly asked sample PM interview questions.

📖 Read through our company-specific Product Manager interview guides

Most Popular Interview Guides

• Google Product Manager Interview Guide
• Facebook Product Manager Interview Guide
• Twitter Product Manager Interview Guide
• Amazon Product Manager Interview Guide

👯‍♂️ Practice your behavioral and leadership skills with our mock interview practice tool.

👨‍🎓 Take our complete Product Management interview course.

• Product Management
• Career

Amazon gave up and raised salaries for employees / Habr

Bezos was still broken. After all the stories about the horrors that are happening behind closed doors of Amazon warehouses, and the introduction of a new bill in Congress aimed specifically at him, the other day he nevertheless announced that he was raising the minimum wage for all Amazon employees in the US and Britain. On such a solution, according to rumors, the online store will lose several billion every year. But do not discount the old Jeff, he has a cunning plan.

Previously, according to the US Securities Commission (SEC), the median salary at Amazon was $28,446 per year, or about $13.68 per hour. For comparison, the median income in the United States is about $40,000, and Bezos himself makes such a profit every 10 seconds.

In many cities, such wages did not allow workers to even pay their rent. Thousands of Amazon warehouse employees were actually homeless, and tens of thousands were taking government jobs. support in the form of Medicaid and food stamps. Senators and the public, led by “America’s chief socialist” Bernie Sanders, have tried to force the company to take better care of its employees – especially considering its financial performance (Amazon recently became the second company in the world after Apple, whose share price passed the $ 1 trillion mark). ).

Amazon had counterarguments. For example, the fact that offline retailers have even lower salaries, that the company has created 130,000 new jobs in a year, and that their warehouse employees receive 30% more than the market average. But in the end, under the threat of state sanctions (the company was promised to be forced to pay extra for everything that the state spends on supporting its employees), Bezos surrendered.

Starting November 1, the company is holding the largest one-time pay increase in its history. It will start paying a minimum of $15 an hour to its 250,000 regular employees and even the 100,000 seasonal workers it hires for the holidays. Thus, the median salary for a 40-hour work week rises to $31,200 per year. So far, not forty thousand, but already significantly above the poverty threshold (in the US for a family it is $ 25,000 a year).

At the same time, the salary of 37,000 Amazon employees in the UK (which no one has asked for yet) is being raised. Warehouse workers near London will earn £10.50 per hour (about $13.60) and elsewhere in the UK from £9.50.

Jeff Bezos wrote in his statement:

We listened to our critics, thought deeply about what we want to do, and decided that we would come forward and set an example for others. We are very excited about these changes and encourage our competitors and other major employers to join us.

However, Amazon is unlikely to experience great joy. If only because she makes changes under pressure. A month ago, Bernie Sanders, with the support of dozens of senators, passed a bill in the US Congress that would require the country’s major employers to return to the state the entire amount that it is forced to spend on housing, food, Medicaid and other programs to help current employees of the company. It is estimated that this would save ordinary taxpayers at least $150 billion a year. The bill was called Stop Bad Employers by Zeroing Out Subsidies – Stop BEZOS for short.

Sanders commented on Amazon’s pay raise announcement:

Today I want to give Mr. Bezos credit for doing exactly the right thing. He is one of the most important corporate leaders in this country and his decision will reverberate throughout the corporate world. It also sends a message to the fast food industry, the aviation industry and the retail industry in general. It’s time to pay employees enough so that they can live on it.

In response, Bezos thanked the senator on Twitter.

Amazon shares at the news outlet fell 2%. The company is unlikely to feel such relief. In general, they grew by 71% this year, increasing Bezos’s fortune by $83 billion (he owns 16% of the online store, not counting his other projects).

Amazon also said that the company’s lobbyists will now start advocating an increase in the federal minimum wage in the US, which is $7.25 an hour since 2009 (although individual states and cities have increased it individually – say, in California from January 1, 2018 it is $11 an hour, and in San Francisco from July 1 it’s $15 an hour).

Unemployment in the US is at its lowest since 2007, forcing retailers to raise wages in the fight for employees. Earlier this year, Walmart started paying employees a minimum of $11 and Target $12, with plans to go up to $15 by the end of 2020.

Median salary in the largest US companies in 2017

Prior to this, under pressure from the public – or rather, the same Bernie Sanders and several trade unions – even Disney surrendered. A month ago, she raised the wages of her amusement park workers to $15 an hour.

The next one, as Sanders has repeatedly hinted, is Walmart. The largest offline retailer in the world has paid its employees a couple of dollars less than Amazon before. Moreover, the company in the United States employs 1.5 million people, three times more than Jeff Bezos. The reason why the senators chose the online store as their first “victim” seems to be its exceptional profitability. If Amazon stock wasn’t up 40-70% every year, the company might be thanked for at least not firing anyone. But when Bezos goes to conquer $200 billion, for the first time since Carnegie and Rockefeller, and many of his workers cannot even afford a roof over their heads, people have questions…

Spoonful of honey

Interestingly, “surrender” under the threat of senators can even play into the hands of the company. Economists say that Amazon very wisely decided to raise the salary just in time for November, when the main selling time begins. Last year, Amazon sold $2.6 billion worth of goods on Black Friday. Half of all online purchases in the US came from a single online store. This year, if workers went on strike, or if they failed to hire an additional 100,000 hands, the company would risk losing its profits during the main days of the year. Rumors have already surfaced that the company will struggle to hire its traditional 100,000 temporary employees for the next two months due to competition from other retailers.

But now, with all risks removed and with the US economy growing, Amazon’s profits for Thanksgiving, Black Friday and Christmas are almost guaranteed to be higher than last year. And that means continued explosive growth of the company’s shares. All the costs that the company will incur in increasing wages in its warehouses by $ 1.32 per hour can pay for themselves within the next two months.

According to Loop Capital Markets experts, the cost of the online store due to the increase in salaries will increase by $2-$3 billion. For Bezos, this is a relatively small amount. Plus, Amazon continues to massively install robots in its warehouses, which should slow down the hiring of new employees and help reduce the company’s labor costs in the future.

Cunning plan

But even those two or three billion don’t have to be lost! We’re Amazon, every penny counts! In parallel, having calmed down politicians and the public, the company (very quietly) reduces various bonuses, so that some employees worry that their income may even decrease significantly.

The circuit is very simple. Amazon used to give employee incentives in the form of company stock. Each warehouse worker was hired to receive two Amazon shares (each of which is now worth $19).50), which he could begin to dispose of after two years of work in the company. Plus, he had the opportunity to receive another such promotion every year. As Amazon shares rose in price, such conditions became less and less favorable for the company itself, and now, on the news of the increase in the minimum wage, this incentive program is suddenly removed, “because of uselessness.”

Bonuses for overfulfillment of the plan, as company employees say, are also leaving. It used to be a good way to earn an extra $300 per month. Especially in November and December when performance bonuses doubled.

The_splitwig tweets:

My family works for Amazon and they’ve lost a lot. They already had over $15 an hour (as did almost everyone at their facility), but they lost all bonuses and the promotions program. Now they will receive $3-$6 thousand less per year.

An Amazon spokesperson told CNBC that “we have removed the additional incentives at the request of the workers themselves. Now their compensation will be more immediate and predictable.”

All politicians and journalists have already praised Bezos, now it is not becoming for them to refuse their words. In the near future, he is again in good standing with the public, while remaining in the black on all fronts. So it looks like old Jeff is killing two birds with one stone here. And what, the Rockefeller of our time for no reason becomes …

P. S. Gadgets, branded clothing, and indeed any goods on Amazon are always cheaper – because of its size. And Pochtoy.com helps deliver packages from American stores to Russia. Favorite Habr readers get a 7% discount on shipping after registering with the HABR code.

And until October 25, we have a cool promotion. Shipping a kilo from the US costs only $11 (instead of $16), plus other perks. It’s time to start buying directly from America instead of feeding AKIT.

How Amazon squeezes the maximum out of employees – Trading on vc.

ru

Cruelty of the capitalists or the struggle against lazy and thieving employees – what is happening in Amazon warehouses?

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Amazon headcount is 1.6 million people (as of December 31, 2021, data from Wikipedia), in September 2021 the company temporarily attracted 125 thousand employees. How to manage so many people, how to control? How to deal with theft?

Control

The 2020 Open Market report (pdf, eng) contains interesting data pointing to specific methods of controlling warehouse workers:

Large screens play videos of episodes of thefts of employees who were subsequently fired or arrested

• upon entering the warehouse, the employee is left with only a bottle of water and a transparent bag with money (no mobile phones or players)

• At the end of the working day, warehouse workers undergo a thorough screening, the screening time is not paid, the screening lasts from 25 minutes to an hour

• Amazon goods scanner is a multifunctional device, it receives tasks to be completed. The scanner also counts the number of seconds between tasks, signaling a lag behind the company’s standards – a notification can be about issuing a warning and even about dismissal of an employee in the state of the company, and earn extra money in it according to the Uber model. The driver is obliged to follow the route chosen for him by the company; the software allocates 30 minutes a day for his lunch and two separate 15-minute breaks. Should be delivered on time 999 parcels out of 1,000

Amazon is committed to minimizing worker freedom and individual decision-making—the company has patented a wristband that can accurately track where warehouse workers’ hands are and use vibration to nudge them in the right direction. The association with an electronic collar pops up by itself. It’s hard to say – is it still a scientific organization of labor, or already training?

Pressure

Judging by the quotes from the same Open Market report (pdf, eng), managers are constantly near employees, observing, but not introducing themselves. “Managers are always hanging around, they feel comfortable physically chasing people; it’s business as usual. The workers who talk about it feel physically and psychologically threatened.”

Amazon employees described the atmosphere at the company as something akin to “Lord of the Flies” where the weakest workers are fired. Amazon workers are under constant stress to meet the requirement to collect hundreds of packages per hour. The product scanner also counts the time not spent on fulfilling orders – and automatically punishes the employee for mistakes.

Employees are regularly assessed based on their performance. But an interesting detail is that they are not informed of the established standards in advance. Whether the actions comply with the established standards, the person learns from the scanner when he receives a warning. The same scanner urges the worker on to speed up.

Constantly harassed by the company, many workers are injured – but some continue to work with injuries as Amazon routinely fires employees who fall short of regulations without taking into account certain types of injuries. For example, the Center for Investigative Journalism found that at Amazon, severe injuries in warehouses are in some cases more than five times higher than the industry average.

Some Amazon employees who work in the company’s warehouses are so afraid of losing their jobs that they don’t even spend working time going to the bathroom. According to The Sun, people urinated in bottles out of fear of being reprimanded for downtime and losing their jobs.

Physical and emotional stress leads to widespread problems with both physical and mental health. It’s not just the employees that suffer – control over drivers and high demands on the speed of delivery of parcels lead to the fact that drivers get into accidents, harming other drivers and passers-by; Between 2015 and 2019, there were at least 13 fatal crashes involving Amazon drivers.

Work injury rates at Amazon warehouses are so high that the National Occupational Safety and Health Board listed Amazon as one of the Dirty Dozen in 2018 on its list of the most dangerous places to work in the US.

Staff

You might get the impression that the Amazon warehouse is a Black Mirror episode that came true. Inhuman exploitation of the proletariat by damned capitalists. But let’s take a closer look – who and how works in these warehouses.

Amazon warehouses pay an average of $18 an hour, just a little above the minimum wage of $15 an hour. Retail and logistics services are very competitive job markets, and it would seem that the competition between companies for job seekers could lead to higher rates. But a warehouse worker does not need a high qualification, his actions will still be controlled by a scanner, and unemployment in the US is now around 3.9%, so there are always those who want to work for a small salary. You can employ everyone who meets the minimum criteria.

In November 2020, a group of five employees from an Amazon warehouse in Madrid, Spain, were arrested on charges of stealing an iPhone worth €500,000. The company itself initiated the investigation – according to the logistics system, the weight of some parcels differed from the calculated one. Their accomplice placed orders for parcels to be formed for him in the warehouse. In these parcels, the criminals planted brand new iPhone 12 stolen from a warehouse.

In September 2020, it became known that couriers, in the struggle for orders, began to hang their smartphones near sorting points, thus hoping to receive a fat order. A smartphone hanging next to the base station is synchronized with another phone of the delivery person, and he can find out about the distribution of the order, as they say, “online”.

On March 16, 2022, Amazon couriers held a rally in Los Angeles demanding that the company follow the lead of DoorDash, Uber and Lyft to help offset rising gas costs for their drivers. In general, despite Amazon’s efforts to combat the self-organization of employees, unions exist, and periodically put forward demands and go on strike.

Conclusion

Amazon is the largest company in its industry, and many learn from its experience. The company itself also closely monitors competitors, changing under their influence. For example, the Wallmart chain is building an AI-based video surveillance network to monitor employees. And Amazon has introduced a program of full university tuition fees for its employees. For these purposes, the company allocates $1.2 billion until 2025. Those who work part-time in the company will be paid half the cost of training. Amazon introduced this program after the retail chains Wallmart and Target, Amazon’s closest competitors.

A wild mixture of complete subordination of line personnel, total control over them, almost the minimum wage for their work; office staff development programs, programmers’ salaries of $100-200-300 thousand per year, joint work of people and robots (which were not at all in this article), devouring small businesses all over the planet (which I also kept silent about in this article), AWS (and kept silent about it) – and as a result, a capitalization of $ 1.55 trillion.

I don’t know about you – but when I mention Jeff Bezos, I always remember one episode from a book about him. When Amazon was just an online bookstore, they didn’t have furniture in the first room, and Jeff packed the packages himself.

I’ve been doing this for years. For the first month, me and another guy packed boxes of books while kneeling on the cold cement floor. I said, “You know what we need? Knee pads. It’s killing my knees.” To which the guy working next to him replied, “We need packing tables.” I was amazed: “This is the most brilliant idea I’ve ever heard!” The next day I bought packing tables and it doubled our productivity.

Jeff Bezos

I love this episode very much, it tells me that even if right now you do not see any opportunity in business, one word can change everything. Once upon a time, even the richest man in the world (well, right now, not the richest, the ubiquitous Musk got through here too) could not independently guess to buy a table.

So you, reader, have a chance for great success! And me too 🙂

Did you like the post? I am Vladimir Toropov, here is my Telegram channel – personal, thoughts, books, films. Subscribe!

how he lives, how much he spends and saves

Anonymous

lives in Hamburg with a salary of 5672 €

About himself

Age: 33 years old.

City: Hamburg, Germany. Moved from Moscow in 2014.

Family: husband, 48 years old, he is German. We do not want and do not plan to have children.

Position: sales manager.

In which industry: energy.

Salary: €⁣5672 (R504,808) after tax. There is also an annual bonus and bonuses for additional workload and participation in corporate projects. In 2020, I earned €83,658⁣ (R7,445,562) in my hands.

Husband’s position: marine surveyor. He checks and evaluates the condition of sea vessels: serviceability of the hull and equipment, crew training. Based on the results, it issues a certificate – it confirms that the vessel meets international standards and can go to the open sea.

Husband’s salary: 4023 €⁣ (358 047 R). Plus about 300 €⁣ (26,700 R) per month for extracurricular work.

Additional sources of income: dividend coupons – about 110 €⁣ (9790 R) per year. We have the bulk of the portfolio in ETFs, and dividends are automatically reinvested.

Total monthly net income of the family: €⁣10,004 (R890,356). Bonuses are irregular, and no one guarantees them, so I do not take them into account.

How much we save: minimum 5,000 €⁣ (445,000 R), as well as all bonuses and what they did not have time to spend. Sometimes it’s a couple of hundred euros, sometimes several thousand, and sometimes nothing. All this money goes to brokerage accounts.

What we put off: financial independence and passive income in the future. We definitely do not want to work until the official retirement – 67 years old – especially considering the difference in age.

The specific terms and amount of savings have not yet been fixed: it is not known what profitability the market will have, how the tax on investment profits will change, and where and how we want to live. After our “retirement”, we plan to keep our current lifestyle and travel around the world on a yacht.

In 5-7 years, we will assess the situation and decide where to move forward.

How much they have accumulated: each has 2,500 €⁣ (222,500 R) in their account in case of one-time large expenses.

But we do not have a classic airbag. We both work on indefinite contracts, and it is unlikely that we will be fired. If this happens, we are entitled to a maximum unemployment benefit of €2,100⁣ (R186,900) per month for a year.

Investments: the total value of our portfolios is 296,000 €⁣ (23,140,000 R). These are mainly ETFs of world market shares, industry ETFs and blue chip single stocks. Now the yield is 23.3%.

Ownership: 24ft sailing yacht, husband bought before marriage. Now we are preparing it for sale. And recently we bought a new yacht, 47 feet, for 147,000 €⁣ (13,083,000 R).

I also own a third of a three-room apartment in Moscow. My mother lives in it – she is the second owner, but I don’t really count on this asset.

About moving to Germany

By education I am an international economist with a specialization in foreign economic activity. She worked in her specialty from the third year. I started in the operations department, and then moved into sales.

I have good English, so my work in Moscow has always been related to international markets: first in logistics, then in international trade. I often went on business trips, and emigration became a logical continuation of my life story.

In 2011, I came to Hamburg for the first time and realized that I wanted to live here. The port atmosphere, ships, yachts, shipyards and old brick warehouses really resonated with me.

Container terminals at sunset In the city center, too, port atmosphere

In the next two years, I saved up money, brushed up my German in the evening courses and sold the car. And then she decided to take a chance: she quit her job and went to Hamburg for three months. I went to a language school here and tried on a new life.

After returning to Moscow, I got a job again and simultaneously applied for an MBA program at one of the private universities in Hamburg. Eight months later, in 2014, I finally moved. The training cost me 12,500 €⁣ (1,112,500 R). I invested all my savings, money from the sale of the car and took out a loan from a Russian bank for 150,000 R. I closed it when I started earning in euros.

Throughout 2015, I juggled my studies, German courses, new acquaintances and endless parties. Plus, I had three part-time jobs: I was a marketing assistant at the university department, worked in the purchasing department of a shipping company, and helped with transfers to another company — it leased cargo containers.

After graduation, the shipping company signed me up for a permanent contract. I became a marine fuel purchase manager and received a residence permit.

Two years later, in 2017, I changed jobs. And in December 2020, she applied for German citizenship. I still think that Hamburg is the best city on Earth.

Peterstraße is my favorite street in Hamburg

About my current job

Now my position is sales manager, but in fact I am in charge of the product line. I sell and buy fuels and their components, I am responsible for account management and strategic planning. I also analyze and calculate business development projects within my direction.

I have an account manager working with me. He is busy with document flow, accompanies transactions and makes sure that invoices are issued correctly.

I love my job and industry. I have been in this business for over 10 years. We became friends with many colleagues. We have an international team, and every day I communicate in Russian, English and German. I’m still shy in Italian.

I travel a lot in Europe, mostly for client meetings and conferences. In March 2020, I went on such a business trip, and returned already in lockdown. Now my husband and I work from home.

Regular expenses

Yacht: Maintenance of the former yacht cost €2,000⁣ (R178,000) per year. This included summer and winter parking, a crane, spare parts, insurance, repairs, consumables and equipment.

A 47-foot yacht is more expensive to maintain – a new berth, electricity and fuel cost 3,200 €⁣ (284,800 R) per year. Damage and personal liability insurance costs about 1,700 €⁣ (151,300 R). Plus, we plan to redo the interior, update the hull coating and buy the missing equipment. The budget has not yet been calculated, but I think it will come out around 10,000 €⁣ (890 000 R).

Food and home: €1,400⁣ (R124,600). We don’t skimp on food and love good wines. Of this amount, 300⁠—⁠400 €⁣ (26,700⁠—⁠35,600 R) are spent on wine: I collect a wine collection in the basement. Before the pandemic, this also included trips to restaurants and bars a couple of times a month.

Rental housing: 900 €⁣ (80 100 R), including utilities and internet.

We live in the city center in an old house. The apartment is small – 70 m², but very beautiful, with wooden floors and stucco on the ceilings. It has an original layout: only the bedroom is isolated, while the hall, kitchen, dining room and living room are one space. There is also a storage room and a bathroom with a large window.

It is not profitable for us to buy our own housing. This is unreasonably expensive, especially in the center of Hamburg, where there are almost no offers. Prices for apartments within a radius of 5 km from us start from 500,000 €⁣ (44,500,000 R).

Buying an apartment and renting it out is also pointless. Especially after the Mietpreisbremse law came into force: it limits the growth in rental prices. Now the owner cannot take more for rent than is set for a particular region. Even if there are hundreds of applicants.

From an investment point of view, the stock market is more attractive. Liquid and mobile assets give more freedom than real estate and credit bondage for decades. Therefore, we chose securities and a “house on water” for investments.

In addition, our rent is low. My husband has been living in this apartment for 12 years, and we pay under the old terms. These prices are long gone. The fact is that under an indefinite contract, the landlord cannot raise the rent, and it is very difficult to evict a tenant. In general, our fee is fixed until we ourselves move out.

Clothes: Over the past couple of years I have put together a beautiful and comfortable wardrobe that fits my lifestyle perfectly. On average, she spent 2,000 €⁣ (178,000 R) per season, including shoes and outerwear. But now I haven’t bought anything for more than six months and I don’t plan for at least another year.

My wardrobe is not littered with junk, I wear everything with pleasure, and I always have something to wear. I mostly own Acne Studios, Ganni, COS, Closed, Paul Smith and Hugo Boss. I bought a lot in second-hand on the Vestiaire Collective platform. I wear things until they are demolished, and I regularly get rid of stale ones. In 2020, she sold old things on Ebay for 700 €⁣ (62,300 R).

Husband visits Scotch & Soda every couple of seasons for T-shirts, jeans and hoodies. Leaves somewhere around 200 €⁣ (17,800 R).

Travel: about 8,000 €⁣ (712,000 R) per year. Once a year we go skiing, and in the summer we have a rest on the sea or in the mountains, mainly in Europe. We went twice on a yacht along the Cote d’Azur.

We often go somewhere for a long weekend: we were on wine tours on the Moselle River in Germany, in Lyon in France and in the Cotswolds region in England. Sometimes we travel separately: my husband surfs, and I love cultural and gastronomic trips to European cities. I can go to Amsterdam for a wine festival or Vienna to the opera. Once a year or two I fly to Moscow to visit my family and friends.

Parents: they live in Moscow, they are 58 years old. Dad has his own business, and mom is a confectioner. I transfer to her 200 €⁣ (17,800 R) per month.

My husband’s parents have a high pension, and everything is in order with their savings.

Health: visits to the doctor are covered by compulsory medical insurance. Each of us has a couple of chronic diseases. Supportive care and my hormonal contraceptives cost €22⁣ (1958 R) per month. I also go through online psychotherapy – I pay 120 €⁣ (10,680 R) per month for four sessions.

Beauty: I do my own manicure, pedicure, body and face care. Husband’s haircut costs 40 €⁣ (3560 R) every three months. I go for a haircut and toning in a month and pay €120⁣ (R10,680).

Cosmetics: on average 50 €⁣ (4450 R) per month. I buy Kiehl’s and Paula’s Choice skin care products, Sachajuan, Kerastase and Moroccanoil hair products, and L’Occitane, Gehwol body products. From decorative cosmetics, I only have mascara, eyebrow gel, powder and blush. I paint on occasion, so it lasts forever.

My husband invariably uses three Nivea products and some pharmacy shampoo.

Gifts: My husband and I do not have a tradition of giving each other gifts. I sometimes buy something for my relatives in Moscow, pay my mom for tickets for a trip or a subscription to a fitness club. It takes about 500 €⁣ (44,500 R) per year.

Insurance: for dentistry – 58 €⁣ (5162 R), for treatment abroad plus personal liability insurance – 120 €⁣ (10 680 R) per year for two. The employer also insures me in case I lose my ability to work.

Charity: 6 €⁣ (534 R) – I support the yachtsman project on Patreon. The husband donates 5 €⁣ (445 R) to charitable organizations once a month. During the pandemic, we periodically support musicians and DJs – in 2020 we transferred about 50 €⁣ (4450 R) to them.

Services: iCloud — €1⁣ (R89) per month, Amazon Prime — €69⁣ (R6141) per year.

Sports: before the pandemic, I went to a yoga and martial arts studio. A subscription for 5 lessons per month cost 36 €⁣ (3204 R). And my husband’s fitness studio cost 24 €⁣ (2136 R) per month. But for more than six months, sports centers have been closed, and for now we are working out at home. I pay only a commission for the studio – 5 ⁣ (445 R) per month, and the subscription is frozen.

Taxes: In the questionnaire, I indicated our income after paying all taxes and fees. Income tax is withheld by the employer – this is 29.4%. Another 11% is contributions to the pension fund, unemployment fund and medical insurance. Plus, I pay 1806 R tax for a share in a Moscow apartment. There is no tax on a yacht.

Training: professional courses, seminars and conferences are paid for by the company.

And in 2019, I got serious about wine. I love to cook, eat and drink wine – for food and just like that. I’m also a nerd and I love the academic approach in everything. In a year and a half, I completed the courses and received two WSET (Wine and Spirit Educational Trust) certificates – the second and third levels – and the German Assistant Sommelier qualification. Tuition cost 1905 €⁣ (169 545 R). I was even offered to work as a sommelier, but I stayed in the energy industry. And I just love wine, but more consciously.

I have been learning Italian in relaxed mode for four years. Last year I studied with a carrier using Zoom and paid 400 €⁣ (35,600 R) for 20 lessons. During this time, I have accumulated a lot of materials, and in 2021 I decided to study on my own. Now my level is B1.

We have bought a new yacht and now we need to expand the category of skipper’s license from inland to coastal waters. The exam is in a month and a half, we are preparing ourselves according to the textbook. The exam costs €111⁣ (9879 R) per person, and a book and navigational tools – 65 €⁣ (5785 R).

Entertainment: before the lockdown, we regularly went to the opera, concerts, clubs and movies. We spent about 100 €⁣ (8900 R) per month. But our main entertainment is yachting.

I became interested in yachting after moving – in Hamburg it is almost a national sport. I lived near the Alster lake in the city center, and there were many yacht clubs and schools around. The company I worked for offered discounted courses and free use of two boats in the summer after work. So in a couple of months I learned how to sail a yacht and got a license.

Phone: We both have a corporate connection.

Car: my husband has a corporate Ford Focus for personal use, including gasoline. On it we go for groceries, on a yacht and on trips around Europe.

Transportation: we live in the center and walk around the city or ride bicycles.

Loans, mortgages: no.

How we manage the budget

Our budget is conditionally separate. We set aside at least half of our income and buy more securities one by one to save on fees. We divide the joint expenses in half – this is the cost of renting an apartment, food, vacations and maintaining the yacht. Everyone spends the rest as he wants. And everything that remains also goes to the common piggy bank.

We enter the total expenses in the Splitwise app. This is how we see the statistics and understand whose turn it is to pay. We have different groups there: for a yacht, for each trip, and so on. We no longer control the budget.

This is the food, wine, and house group. And this is our balance sheet for February

Before that, I kept a budget in Excel for several years. So I revised my approach to money, got rid of many useless expenses and became more conscious in finances. For example, I systematized my wardrobe and stopped impulsively buying clothes. I also reviewed my cosmetic bag and now I buy only what I use regularly.

The hardest thing was getting off the beauty needle. Previously, I painfully paid €200-⁠300⁣ (⁠17,800-⁠26,700 R) a month for manicures, pedicures, epilation and facial cleansing. But it turned out that I can do everything myself and do not become less attractive because of this.

I also removed all subscriptions: I realized that I do not use any music services, or online movie theaters, or an unlimited library.

Plus, we have become less likely to go to restaurants. Mainly because of the huge margins on wine, and I cook just as well.

But I don’t skimp on food, wine and travel: this is my passion, which brings me pleasure and joy every day. So my Russian crazy empress found a balance between the Italian dolce vita and the German ordnung and rationality.

Day one, Tuesday

Daily expenses: €255.55 (R22,743)

07:40. I wake up without an alarm. My husband is already up and making tea. On the way to the bathroom, I turn on the dishwasher and throw in the laundry. I go back to bed with my laptop and phone. I check my personal mail, account transactions and look at the news headlines. My husband brings me tea. Homeoffice, tiamo – “home office, love you.”

My husband and I met at a friends party in Berlin. I just got a diploma and a yachting license, and he had a yacht, and we went for a ride.

On the first date, he cooked meat antipasti – appetizers, and I was a vegetarian. However, she stayed overnight. A month later we left for Sri Lanka. There he put me on the surf, and I almost drowned on my birthday. But upon arrival, I packed my suitcase anyway and moved to live with him.

Since then, we have changed two yachts, two jobs, and almost drowned together once. Our couple is already in its sixth year, and in 2020, at the height of the pandemic, we got married.

08:00. My husband went to Bremen for an inspection.

I open my work mail. I check how much product in the tanks is available for shipment. Our production works continuously, but unevenly, and I make deals a month in advance. We synchronize these processes with the scheduler. We make sure that there is no bay – when there is too much product. And dry drains – when the tanks arrived, and there was nothing to pour into them.

Then I look at food quotes published by an international agency. This is my benchmark: depending on the situation on the market, I sell either with an increase or at a discount to this benchmark. To assess the situation, I read an analytical summary of my markets.

Then I check shipments for the past day to see if all my trades were closed with a physical delivery. Otherwise, there will be calls from angry customers who were left without a product.

A colleague writes that he was at an online conference last week and is posting materials to the public. See if there is anything useful for me. Alas, nothing interesting.

Since the beginning of the year, a new product has fallen into my portfolio at work. Last week, I made the first deals on it for the next month. I enter the product into a summary file – I built it in Excel for our division. Based on it, we monitor and plan sales volumes, and calculate profits. To do this, we take into account the dynamics of production, transport costs and market quotes. Essentially, I’m collecting information from a dozen corporate sources and collating them into one spreadsheet. And then the necessary arguments are pulled from it – and an analyst is displayed with a forecast until the end of the year. I believe that the world will be saved not by love, but by Excel.

09:00. Daily call with the team. Everyone talks about current tasks, problems and achievements.

09:10. Yesterday the salary came – 5672 €⁣ (504 808 R). I am transferring 200 €⁣ (17,800 R) to my mother. The bank removes the horse commission – 17.9 €⁣ (1593 R), but I’m too lazy to bother with other options. −€217.9⁣ (R19393)

Doing a short interval workout using the BS365 app. I listen to the Calculator podcast in the background. Today’s issue is about how global news affects the stock market and how a private investor should take this into account.

I am a lazy strategist and do not react to news, but monotonously buy more ETFs for the broad market from every salary. Although in February 2020 she made an exception and bought Apple shares at the “covid sale”. Today they have grown by 80% – oh yes me.

After training, I do stretching and yoga exercises. I apply a face mask – I have the good old Kiehl’s Rare Earth.

10:00. Phone call with company management. We report on the past week: first, logistics, then production and sales department heads.

10:45 am. Going to shower. I wash off the mask from my face and apply care and a hair mask – I have been using Kérastase Nutritive for ten years now.

11:00. Next call. In the process, a letter arrives from a colleague: he asks for help with a request from a client. I set up an online meeting for him at 13:30.

Cooking for lunch calamaretti ripieni — baby squid stuffed with bulgur, sun-dried tomatoes and herbs

12:00. The husband returned. I wash off the mask, dry my hair, and sit down to have dinner.

After dinner I correspond with my mother. She says that it is -28 °C in Moscow and that she went to the hairdresser. I envy: our salons are closed, and I haven’t had my hair cut for four months.

When I moved, my parents were worried about me. After all, there was no guarantee that the adventure would end in success. But now they are happy for me, although they do not fully share my “non-traditional” values.

They saw their husband only twice: he does not speak Russian, and his parents speak foreign languages, so communication did not work out. We celebrated the wedding together: partly because of the corona, partly because we didn’t want to share our holiday with anyone.

The husband cleans the dishes, washes the stove and makes coffee. I receive a request from a client – I calculate the price and send an offer.

13:30. I am calling a colleague who has a problem. The client asks to compensate for the demurrage of the barge, but the colleague does not understand how to calculate the compensation. I help him figure it out. At the same time, I look at the documents for internal audit that he prepared. I check and comment.

14:00. While it’s light, I sit down to sew. We are preparing our 24ft yacht for sale. The husband is responsible for the work on the hull: polishing, painting, restoring the teak floor. And I’m wearing all the textiles: upholstery in the cabin, covers for sails and sprayhood – an awning that protects against splashes. Now I’m sewing a lazy bag.

The lazy bag is a built-in bag to stow the main sail while anchored

15:00. I return to the mail, answering inquiries. My husband works nearby, draws up documents for inspections.

Bomb weather: +18 °C and sunshine all day. In terms of climate, Hamburg is like Peter for beginners. So this weather is a justifiable reason to finish work early.

16:30. I’m going for a walk. On the way, I buy ice cream for us at a cafe near my house. −5.5 €⁣ (489P)

Discussing how tired we are of the lockdown. I would like the restrictions to be lifted as soon as possible, restaurants to be opened and the city to live a normal life. Now going to a restaurant seems like a long-forgotten story from an old black-and-white movie.

At first, I enjoyed the home office. I didn’t get out of business trips for two years and I was very tired. At home, my husband and I hardly annoy each other: we feel good, and we do everything together. But after a year, I’m ready to return to the outside world. I missed my friends and client meetings, a normal gym, traveling, summer verandas, dancing and Friday nights.

And most of all I miss my sister: we are very close. She lives in Moscow with her husband and three children. They used to visit me regularly. We are really looking forward to the opening of the borders to see each other, talk and hug.

This is a park next to our house. It is very beautiful here in spring

We go to the Edeka supermarket. We buy avocado, cherry tomatoes, dried mango, zucchini, peas, green beans, two packs of mozzarella, sugar and toilet paper. I’m crying. −32.15 €⁣ (2861 R)

18:00. We understand the products. While my husband cleans the oven, I cook dinner. Today we have black truffle risotto and green salad. It turned out very tasty. After dinner, my husband cleans up the dishes and makes espresso.

19:30. Getting ready for the exam for the category of skipper’s license. There are several sections in the theoretical part: navigation; rules of movement and divergence of vessels; systems of lights, signs and signals; weather and environmental protection; crew rules. During the exam, you will need to answer 30 questions and do 9 navigation tasks. For example, calculate and plot a course on a map, taking into account compass deviation and current strength. Or explain the symbols on the map: depths, navigational hazards.

Getting ready with textbook and application with tickets

21:30. I wash my face and apply evening care – Paula’s Choice Resist moisturizing serum, retinol and night cream of the same series. Retinol is prescribed to me by a dermatologist, I give 5 €⁣ (445 R) for it.

Before going to bed I read The Goldfinch by Donna Tart. At the beginning of the book, the plot develops slowly, but then it draws you in.

I prefer to read books in the original: this way you feel the author’s style and language better. I love modern literature about the events and problems of my generation. Of the latter, I was impressed by Tara Westover’s The Apprentice. I also read “Normal People” and “Conversations with Friends” by Sally Rooney in one breath.

22:30. I fall asleep.

Second day, Wednesday

Daily expenses: 51 €⁣ (4539 R)

07:00. Waking up at the same time as my husband. I dreamed of a Berlin girlfriend, mother, truffles and someone’s beautiful wedding either in Gorky Park or Villa Borghese.

My husband brings me mint tea and leaves for an inspection in the St. Peter-Ording area. This is a popular kite spot with ten kilometers of beach. I tell my husband to take a kite with him: for several years he was passionate about kiting, and then switched to regular surfing.

Laying around for a while, figuring out the day’s activities, reading the news, and S-F. I love spending diaries and career stories. I’m not on social networks, and for me it’s a way to spy on other people’s lives.

The fee for the fitness studio has been written off. −5 €⁣ (445 R)

08:00. I go to the bathroom, I apply care. I stick to a standard routine: cleanse, exfoliate, moisturize, SPF. I have sensitive skin and experiments are not for me. I’m glad I found a product that suits me perfectly. From year to year I buy the Resist series for mixed skin from Paula’s Choice and the calendula wash from Kiehl’s.

I’m going to the bank to buy groceries. On Wednesdays, there is a farmers’ market in the square of our quarter. I regularly buy vegetables, eggs and meat there. In the market, prices are higher, but the products are fresher and tastier than in the supermarket. In addition, the sellers recognize me by sight, advise what is delicious today, give me a try and wish me a good day. −46 €⁣ (R4094)

I buy minced meat, eggs, cheddar cheese, apples, tangerines, cauliflower, potatoes, a bunch of tulips and escaroles – a kind of green salad

09:00. I return home to the call with the team. To be honest, I don’t see the point in daily phone calls. But HR believes that this helps to maintain team spirit at a distance.

Most of our employees are men, due to the specifics of the industry. And almost all of my business partners are also much older than me. At first it was hard, but over time it became easier: experience and psychotherapy help. And also wine.

At work, I am mostly friends with colleagues from other departments. I have a neutral relationship with my team: we have different interests.

09:40. Hungry. I make two rye breads: one with goat cheese and cucumber, the other with egg and avocado. Avocado toast is a symbol of my generation.

I take the shrimp out of the freezer and put the eggplants in the oven. Then the usual morning kaleidoscope of shipments and quotes.

10:00. Call with the production team. The manager talks about the state of affairs and modernization projects. Very interesting – at such moments I regret a little that I am not an engineer.

11:00. Cooking lunch: bulgur salad with vegetables, squid and shrimp and green soup with zucchini, fresh peas and basil. I add some milk to the soup, otherwise it looks like Shrek in color.

The husband returned and brought a box of water. We buy carbonated mineral water in glass bottles. I spent 12 €⁣ (1068 R), but I do not include this in my expenses.

12:00. We have lunch, then my husband cleans the dishes and makes espresso.

Another variation of seafood salad

My husband and I intuitively shared household chores. I make the menu and plan the purchase of products. But we go after them together: it is pleasant for both of us. We love markets, specialized shops and good supermarkets.

I also cook mostly, but my husband has only a few signature dishes. So, he cooks artichokes best of all, and he is especially good at German classics. For example, Rinderrouladen – beef rolls stewed in wine with onions, bacon and pickles. Or Käsekuchen, the German version of cheesecake.

But the husband vacuums, washes the floors, cleans the kitchen and runs the dishwasher. He has his own concept, and he always shifts my bookmark. We do more thorough cleaning together, but, to be honest, my husband does it more often. I love cleaning, but I spend all day on it, and I rarely manage to carve it out entirely. I tried to invite a cleaner, but my husband said that not a single semi-professional fairy would clean up like him. Okay, boss, it’s up to you.

13:00. We work, I write a spending diary at the same time. It’s more difficult than I thought. We snack on tangerines and apples.

15:00. A phone call with the client’s lawyer: one claim about the quality of our product dragged on. The conversation is emotionally charged, and the lawyer uses forbidden tricks: presses, intimidates, paints terrible scenarios for the development of the situation, interrupts and does not allow arguments to be given. As a result, he switches to indirect accusations and turns me on a lot. I sharply say that I have the next call, and ask you to send all questions by mail. Discouraged, I take a breath.

My husband is leaving for a workout in the park, and I have a session with a psychotherapist.

16:00. I tell the therapist about the lawyer, crying from the accumulated tension. It seems that I said something wrong, reacted incorrectly. Then it becomes ashamed that I am so emotionally unstable and allow myself to be manipulated. The therapist says that I’m just alive and my reaction is absolutely normal. Unbelievable, but it is a fact!

I went to see a therapist in September 2020. Then the tension and anxiety became so unbearable that I could not sleep. The continuous internal dialogue was driving me crazy, and I didn’t know how to get out of it. I was tormented by the fear of mistakes, I strove to do everything perfectly in order to prove to myself and the world that I was the best and very strong.

I found a therapist through the Yasno service: it was important for me to speak Russian with him. We worked through the traumas and saw the ossified habits of my psyche. Now it’s easier for me to live through difficult emotions, my anxiety has decreased, and my sleep has improved. But it’s still difficult for me to be weak, I try to be good for everyone and I’m afraid not to live up to other people’s expectations.

17:00. I do a short workout to de-stress and listen to the Let’s Talk podcast. This week, every issue is about me. Now they are talking about vulnerability – that our strength is in weakness.

Presenters mention the work of psychologist Brené Brown, who explores the phenomenon of shame. I note that you need to download her audiobook “The Power of Vulnerability”. Spoiler: the book is very wise and useful for all excellent students and perfectionists.

I stretch and go to the shower.

Husband returned from training – we are preparing eggplant lasagna for dinner. He kneads the dough, and I make the sauce. I’m talking about a conversation with a lawyer. The husband says that he should have hung up right away and that you shouldn’t worry about such trifles at all. I explain that the advice not to worry is like telling a person with an alcohol addiction to stop drinking. Please just sympathize. We are silent and hugging.

18:00. Over dinner, we discuss the design of the ceiling on the new yacht. Now it is sheathed with panels covered with eco-leather – this is no good. Previously, I did not do repairs, but it turned out that there are more than twenty options for white alone.

My husband is a builder and restorer of sailing yachts by first education, and he will do all the interior woodwork himself. It remains to find a shipyard with a carpentry workshop.

And my ability to do something with my hands was limited to sewing an apron at labor lessons. But then we bought a professional typewriter, and I got carried away. I learned to sew from Don Casey’s Sailboat maintenance manual, which has a chapter called Canvas work and sail repair. I also watched training videos on YouTube from the sewing machine manufacturer Sailrite.

Needlework turned out to be very exciting and meditative. It also saves a lot of money. For example, sewing a lazy bag from a craftsman costs 700 €⁣ (62,300 R), while we spent about 80 €⁣ (7,120 R) on materials. My next project is a splash tarp and new upholstery in the cabin.

20:30. We drink espresso, we eat an orange. Our husband is also responsible for coffee.

I am reading the weather section in my textbook. About how clouds form, how to predict the weather from them, what areas of high and low pressure are, and how to read meteorological maps. Then I watch a YouTube video from the Italian educational channel Learn Italian with Lucrezia.

22:30. I read a couple of pages of The Goldfinch before bed, and my husband is finishing Fitzgerald’s This Side of Paradise.

Day three, Thursday

Daily expenses: 24.18 €⁣ (2152 R)

06:40. I wake up, my husband is still sleeping. I cling to him – he is so warm and dear. How cool that we have each other.

07:10. I make tea and notice how beautiful the tulips are blooming. I love fresh flowers and I buy them at the market every week. I drink tea.

Newsletter from Blue Horizon is coming – this is a project that I support on Patreon. Three young Germans bought a sailing yacht, restored it and went on a trip around the world. They write that they successfully crossed the Atlantic and explore the coast of Brazil. Guys, wait, I’m with you!

08:00. Work routine: mail and call with the team.

My workplace with a chair for visitors. But no one comes

10:00. I train, and in the background I turn on the podcast “You’re a mother.” My husband and I do not want or plan to have children, but I love the podcast hosts and the topics they discuss. They are relevant even outside the “mom” context. Today’s episode is about personal boundaries and how important it is to protect and protect them.

After training, I go to the shower. I do peeling with a body scrub from L’Occitane – I love the series with shea butter. After showering, I apply Mama Mio oil.

These are all my skin care products

11:00 am. Big call on marketing, heads of departments speak. I do not speak because I am a leader, not a boss.

I send a reminder to the client on yesterday’s request – it confirms only half of the volume. Well, okay. Please send a request for shipment.

12:00. Deals are deals, and lunch is on schedule. Today we have yesterday’s lasagna and leftover Shrek soup. I also cut a salad of fresh vegetables with avocado. After lunch, we drink espresso, and the husband leaves for work at the shipyard.

13:00. The courier brought a package – Moroccanoil oil and hair spray. Just in time, mine just ran out. Oil and spray cost 46 €⁣ (4094 R), I paid for them online when buying.

13:30. The weather is indecently excellent – again the sun and very warm. I go for bread to the bakery next to the Town Hall Square. We have our favorite chain of bakeries, Backgeschwister, but we don’t buy industrial bread. Germany is a bread country, there are more than 300 varieties of bread and various pastries.

On the way, I go to the Budnikowski drogerie, a supermarket that sells cosmetics and household goods. I buy cotton buds, mascara and a sheet mask for legs. Not very environmentally friendly, but I rarely use it, and the effect lasts for a month and a half. At the checkout, I take a bag of Haribo Tropical Fruit marmalade — my guilty pleasure. Just don’t tell your husband. −12.46 €⁣ (1108 R)

Walking along the main shopping street past closed shops. People sit on steps and benches and drink coffee. The city no longer looks like an extinct village.

I squint from the sun, chew marmalade and listen to yesterday’s episode about vulnerability. I take ciabatta in the bakery and immediately break off the crust. −3.77 €⁣ (335 R)

I go to Edeka and buy cream, dill, feta and three types of mushrooms: champignons, shiitake and oyster mushrooms. I’ll bake cauliflower in cream cheese sauce for dinner and cook rice with mushrooms and feta. −7.95 €⁣ (707 R)

14:00. I do not have time to return to the beginning of the next call – I connect from the phone. God save the remote! We coordinate the production of all products for the next month.

At home I am making adjustments to the sales plan, answering letters and snacking on an apple.

16:00. The husband returned. He says that he agreed with the head of the shipyard and he was allowed to work in the carpentry shop on Sundays. Great, you can repair the yacht.

We go for a walk and go to a cafe. It just opened after the winter, and there is a huge queue. But we are pleased to be among people again, to watch friends meet, hug and smile. Coronavirus, verpiss dich (“please go away”)! I take frozen yogurt with cherries, nuts and granola. 9.4 €⁣ (836 R) the husband pays.

Delight, I forgot how delicious it is!

17:00. I am writing a spending diary.

18:00. My husband takes a bath and I cook dinner. I love this cauliflower dish. The secret is in the combination of spices: curry, cumin and mustard seeds.

I am a big fan of Yotam Ottolenghi and often cook according to his recipes. Once I came to London for the weekend and went to three of his restaurants for breakfast, lunch and dinner.

19:00. We have dinner and discuss plans for the weekend. We are thinking of going to friends for a barbecue.

The administrator of the salon where I get my haircut calls and offers to sign up. The government is lifting restrictions and barbershops are reopening next week. I gladly agree.

20:00. The husband watches the news and some documentary about animals. I’m looking at the tablet “My Brilliant Friend” in German translation. For two seasons she paid 34 €⁣ (3026 R).

In general, we don’t watch TV shows, but I was really looking forward to this one. It is based on the novel by Elena Ferrante. This is a difficult story of two friends, and the place of events is a dysfunctional quarter in Naples 1950s. The plot is very exciting, the problems of the post-war period are shown without embellishment: there is love, and violence, and discrimination against women, and the confrontation between the rich and the poor.

I love Ferrante and have read all her books. Although my Italian teacher would not appreciate my preferences. She believes that only housewives read Ferrante.

22:30. Before going to bed I read “The Goldfinch”. My husband graduated from Fitzgerald and also started Donna Tartt. We share a library at the Kindle, and we often read each other’s books. I say not to dare to read faster than me: he swallows two or three books a month, and I hang on one for several weeks.

Husband passes out after 5 minutes. Nothing to say, a gripping storyline.

Day four, Friday

Daily expenses: 90.3 €⁣ (8283 R)

06:55. My husband’s alarm goes off, I get up with him. I drink tea, look at which countries are open for entry from Russia: I want to go somewhere with my mother for a week. Until you roam in the directions, we will wait further.

08:00. The husband left for work. I turn on my laptop and make breakfast scrambled with truffle oil.

I go through mail and answer inquiries. I adhere to the principle of zero inbox – I delete or put into folders all the letters that I have read and answered. In the inbox, I keep only unprocessed ones. I also have a Box of praise folder for letters thanking me or praising me. I re-read this collection when I need to boost my self-esteem.

09:00. Phone call with the team – you can feel the Friday mood.

I eat scrambled eggs with rye bread and write a diary of expenses for yesterday.

Truffle Oil Scramble

10:00. Workout, stretching, shower. I am not the most passionate athlete, for me training is an investment in future health. I always listen to podcasts in the background so as not to get bored during the exercises. Today I turn on “The money has come.” A podcast about personal finance, but for me it is more entertaining than educational. Perfect Friday content!

11:00. An invitation to an online conference arrives – I confirm participation. The client calls: we are discussing the volume of shipments for the next week.

Doing light makeup. I want to wear something smarter than sweatpants — I choose a leather skirt and a white T-shirt with a bright print.

A notification comes from the bank: a friend has repaid the debt for dinner – I used to pay for her in a restaurant. My friends and I enter into Splitwise who owes whom and how much. It is convenient for joint trips. +€14.43⁣ (R1284)

12:00. The husband returned. He asks what crown party I was going to be so smart.

For lunch we finish cauliflower and rice with mushrooms. The husband says that he agreed with our friends to get together on Sunday. And tomorrow we will go to the yacht: the former owner has a lot of tools and spare parts left – we need to see what can be redeemed.

13:00. I planned the menu for the weekend and made a shopping list. As always on Fridays, we go to Frische Paradies. This supermarket is similar to the Moscow Globus Gourmet: it has an excellent selection of meat and fresh fish. 154.23 €⁣ (13,726 R) is paid by the husband.

Our meal for the weekend

While my husband is paying at the cash register, I run into the French wine shop opposite and take a bottle of dessert wine for dinner. This is a petit mansan from the Madiran region in France. −17.5€⁣ (R1557)

Passion Vin is one of my favorite wineries. I come here often for something special. In general, I order wine online in large quantities. I am a member of the Lobenberg’s Gute Weine online retailer club and I have special conditions.

At the exit, grandpa sells newspapers – I give him euros, but I refuse the newspaper. −1 €⁣ (89 R)

14:00. We return home, leave the groceries and go to the neighbor. He owns Ola Maria, a Portuguese food shop that mainly sells wine and sardines. The neighbor says that he has just received a pallet of new wines. He talks about the winemakers with whom he started working – terribly interesting. We agree that Portugal is an underestimated wine region with huge potential.

I buy three bottles of natural wine: orange and two red. And also rice, soap, sardines and chocolate. −71.8 €⁣ (6390 R)

Products from the Portuguese store

There are many interesting things on our street. Across from the Portuguese store is a small porcelain and home decor boutique. I go there like I go to a museum: every little thing can be looked at for hours.

Nearby are two galleries and an art store — there are interesting magazines and books on photography. And our other neighbor is an informal jeweler. His work was exhibited at the Fondazione Prada gallery in Milan, and he made my wedding ring.

Opposite our porch there is also a cafe with the most delicious croissants in the city. Until everyone was dispersed remotely, my husband dined there every day.

It’s flowery on the corner You can bring tourists to our street

15:00. I return to work. Urgent tasks are over, and according to unspoken etiquette, on Friday after four meetings are not scheduled. The husband is still working.

I put vegetables to bake: eggplant, zucchini and bell pepper. Tomorrow I’ll make sandwiches to take with me on the yacht.

I am writing a spending diary and decanting wine for the evening — pouring it from a bottle into a crystal decanter to get oxygenated. This helps the flavors to open up. I polish the glasses and get new candles. The vegetables are ready – I season them with salt, oregano and olive oil.

My husband still got a call from the team today, before him he manages to do a workout.

17:00. The husband goes to the shower, and I prepare an aperitif. I open a bottle from a Portuguese store. This wine is made from the autochthonous Alfrocheiro and Jaen varieties, natural and unfiltered. I serve olives and sun-dried tomatoes with wine.

In winemaking I like bio- and biodynamic production. In the first, winemakers use organic fertilizers instead of chemicals and pesticides, and also take into account the interests of flora and fauna: spider beetles and weeds in the vineyard. This has a good effect on the condition of the soil, and the wine remains alive and reflects the individuality of the variety and region.

Biodynamics is when winemakers additionally use charged “preparations”, coordinate the stages of wine production with the phases of the Moon and other planets. But this is already on the verge of esotericism and has not been scientifically proven.

Friday evening in isolation

18:00. We drink wine, chat and discuss the future interior on the new yacht. I want a modern design and more smooth, uncluttered surfaces. And the husband is worried that it will look like an installation in Ikea. We converge on an ivory wooden ceiling, and on the walls in the cabins we will make a matte finish that resembles an eggshell.

Our yacht has three cabins, two toilets, a hot shower and a kitchen with an oven and built-in refrigerator. We dream of taking it on a round-the-world trip. In the meantime, we will explore the Baltic and the North Sea, receive guests and improve our skipper skills.

19:00. Cooking shepherd’s pie – shepherd’s pie. In fact, this is a casserole of ground beef and mashed potatoes. The secret is in two ingredients – Guinness beer and sweet and sour Worcestershire sauce. Simple, tasty and satisfying – a real soul food.

To accompany the cake, I open a fragrant and understandable wine from Côtes-du-Rhone in France. This means that it is not too complex and without extravagant notes – otherwise it would distract from the dish. At the same time, it is rich enough to feel its taste in combination with a dense and aromatic sauce. The wine smells of ripe cherries, black currants and spices: allspice and cloves.

For dessert we have cheesecake, papaya and petit manzan from the vinotheque. In order to have a high concentration of sugar and aromatic components in it, the grapes dry on the vine to the state of raisins.

If it wasn’t for the pandemic, after dinner we would go somewhere to dance. And now we just move the table, turn on the new set of Scottish DJ Luke Una and dance until midnight.

00:00. To you or to me?

Day five, Saturday

Daily expenses: €0

08:30. We get up, take turns going to the shower. For breakfast again, truffle oil scramble and rye bread with smoked eel.

Packing sandwiches with roasted vegetables, basil and prosciutto

10:00 am. The husband is driving. Let’s listen to yesterday’s set of Luke Una. The yacht is moored on the Baltic Sea – we get there in an hour and a half.

11:30. We disassemble the tools of the former owner, consumables and spare parts for navigational tools. We make a list of what we need – we get 38 items. We will give back about 1300 €⁣ (115 700 R). I am greatly expanding my vocabulary. I hope the reader will forgive if I leave behind the scenes the names of all these pieces of iron.

The previous owner owned this yacht for over 20 years. He loved her very much and invested a lot of effort, love and money. He says that he went around the North and Baltic Seas on it, was in Scotland, Norway and even in St. Petersburg.

He is a fun and experienced captain and we love his stories. Even having sold the yacht, he continues to live near the harbor where it is moored. The husband says that he can always join us if he wants to go out to sea again or just have a glass of wine.

Our yacht

16:00. We go home, I fall asleep in the car.

18:00. Before dinner, we open a bottle of garnacha from the Rioja Alaves region in Spain – the wines there are more acidic and elegant. One of my favorite producers is David Sampedro. Its wines are fragrant, full-bodied and multifaceted. With wine we eat olives, sun-dried tomatoes and ciabatta with olive oil.

After studying to be a sommelier, I bought a fancy decanter and a quality corkscrew. In general, only aged wines are decanted so that the sediment from the bottom of the bottle does not get into the glass. But I decant everything: it’s beautiful, and in contact with oxygen, wines open up better, and the degree of pleasure rises.

Wine paraphernalia in the interior of our apartment. A long curved vessel is my decanter

My dream is glasses from the Austrian manufactory Zalto. They are thin and light, but they stand like a crystal palace – not the one that everyone thought about. But there is a problem: our dishes regularly break, and it hurts me to give 35 €⁣ (3115 R) for a new glass. And I don’t like to collect ceremonial services “for special occasions”.

18:30. We are discussing the order of work on the yacht. I want to redo everything as soon as possible, and my husband reminds us that we bought a yacht not only to work, but also to relax. I agree, and switch to the topic of vacation. During a pandemic, it is difficult to plan it, but at work they are asked to submit a vacation schedule before the end of the year: so that after the quarantine is lifted, everyone does not leave at once.

My husband has 28 “working” vacation days, and I have 30, that is, six weeks a year. In January, we already went to Switzerland for a week – skiing. There are five weeks left. We decide in September to go on a yacht to Denmark or Sweden for three weeks. In the summer – for a week somewhere in the mountains: we love hiking. And if the borders are opened, I will spend another week with my mother or with my friends.

19:00. Cooking tuna tartare and orecchiette con crema di carciofi for dinner – pasta with artichoke sauce. This is my husband’s signature dish.

After a trip to Naples, we either make our own pasta or buy Italian Di semola di grano duro — it’s thick and intense. Trying different varieties

After dinner, we drink coffee: my husband with chocolate mousse, and I with Portuguese chocolate.

Cleaning up the kitchen. I say how cool it would be to organize culinary evenings and wine tastings on the new yacht. My husband says this is a great idea, but the main thing is that everything does not end with YouTube blogging. Rzhu.

23:00. Let’s go to bed.

Day six, Sunday

Daily expenses: €272.4⁣ (R24243)

08:30. We wake up, make tea and go back to bed with tablets. The husband reads the manual for the autopilot.

I have long wanted the book Inside Bordeaux by English wine journalist Jane Anson. The official English retailer does not deliver to Europe, and it is not sold in Germany. I find the French bookstore Mollat ​​through the wine forum – I order there. −76 €⁣ (6764 R)

I order unbreakable wine glasses for the yacht – they look elegant. −36.4 €⁣ (3239 Р)

Spoiler: the glasses turned out to be stupid, and I returned them. Source: Govino

Ordering wines for the collection – five bottles from different sub-regions of the Northern Rhone in France: Côtes-Roti, Crozes-Hermitage, Cornas and Saint-Joseph. Harvest 2019 – according to the reports of wine experts, it was very good. I place an order en primeur: I pay now, and the wines will be delivered next year. They are from the Syrah grape, and after bottling they must be aged for several years. −160 €⁣ (14,240 R)

There are 43 bottles in my collection. I don’t have any investment goals – I just want to drink good aged wine in a few years.

Watching a new video from Blue Horizon on Patreon. In exchange for donations, I have access to restricted content. I tell my husband that although he does not donate to the project, he can also take a look.

10:00. I wash and polish the decanter, trim the flowers and change their water. I overcome my laziness and crawl out for training. After a shower, I do a face and hair mask and put on “makeup without makeup”.

11:30 am. I ask my husband to go for croissants in a cafe across the street. I cook brunch myself: tomatoes with mozzarella, avocado toast and rye bread with smoked eel. We have a long breakfast (or lunch?), my husband reads his manuals, and I read a yachting textbook.

This is our Sunday brunch

13:00. We sew a lazy bag – the two of us go faster. But we find out that we bought the wrong zipper for fastening, and we fold up.

15:30. We are going to visit. I take two bottles of wine: a Portuguese unfiltered aperitif and a Provencal blend of Syrah and Cabernet Sauvignon varieties. We will cook a tomahawk steak on the grill.

17:00. We come to friends. Initially, these are my husband’s friends, but he introduced me to them as soon as we started dating. We were at their wedding, at the christening of our daughter and went on vacation together to Lake Como.

We haven’t seen each other for over a year. I am amazed at how their little girl has grown: she is already five, she goes to preparatory school and plays field hockey. She shows me her room, tells me how tired the “crown” is and how she is waiting for a trip to Italy for her holidays. We play for a while.

Then we chat with friends, grill meat and share news. Friends are doctors, they have already been vaccinated against covid.

20:00. Two hours later, the meat is ready, and my friends let me choose wine from the cellar. They recently sold my dad’s old house – he also collected wine. I return with a bottle of Bordeaux 1975 – it is 12 years older than me! I’m worried: I’ve never drunk such a mature wine.

Please give me a decanter and try not to break the cork. The taste of the wine is rich, dense, but at the same time amazingly fresh and bright – due to the high acidity. Chapeau! That is, “I take my hat off.”

After dinner, we sit by the fireplace, drink wine and chat. We discuss our yacht, vague plans for the summer and gossip about mutual friends. A very soulful evening.

00:00. We leave and immediately go to bed at home.

Our grilled tomahawk AND wine 12 years older than me

Seventh day, Monday

Daily expenses: €3,487.43⁣ (R310,381)

07:30. I wake up. My husband is already up and working. I pour tea, check my personal mail and bills. Transfers were written off to my husband: 450 €⁣ (40,050 R) – my share for renting an apartment, 3,000 €⁣ (267,000 R) – for investments. This month it is his turn to buy papers. −3450 €⁣ (307 050 R)

Balance arrived from Splitwise: Last month we spent €1,455.17⁣ (R129,510) on food and wine.

08:00. I open my work email. Apart from daily calls with the team, no meetings today – amazing!

I set aside a couple of hours for “general development”: I reread materials on projects from last week. I’m also looking at a consulting company’s report on industry forecasts for the next 10 years. It also contains information about future changes in the international regulatory framework.

I want to eat, but I’m too lazy to cook. We open Portuguese sardines and eat them with rye bread and arugula.

I am writing a weekend spending diary and eating an apple.

12:00. Reheating Friday shepherd’s pie. I make a salad out of everything left in the fridge: arugula, fresh vegetables, sun-dried tomatoes, greens and feta. After lunch we drink coffee with chocolate.

Husband asks what is for dinner. I say that he is like my grandmother, just the other way around. She asked me what I want for dinner right after dinner. And the last thing I could think about then was food.

13:00. We are working. I’m having a quiet day – I’m cleaning up the shared server: colleagues often save documents in the wrong place.

15:00. The husband suggests going to Frische Paradies for groceries. We want to cook pho soup with chicken for dinner, and for tomorrow – pasta bolognese from the second half of the minced meat that I bought at the market. I find a lonely beetroot in the refrigerator, which means that the day after tomorrow there will be vegetarian borscht for dinner. I am writing a grocery list.

We get chicken, vegetables, soup noodles, green salad, eggs, ciabatta, sour cream and herring in the store. I suddenly found out that today there is a 15% discount for cardholders – nice. −37.43 €⁣ (3331 R)

That’s how much we’ve dialed in total

15:30. We dismantle products at home. I ask my husband to go for anise and beans for borscht – they were not in the supermarket. Spends 4.81 €⁣ (428 R) on them.

I put the pho broth on the boil and prepare the bolognese sauce. I clean up in the kitchen. I check my mail and answer messages. I snack on a tangerine.

16:30. I call up my dad, then my mother-in-law – I retell the events of the past days, exchange news.

17:00. I’m watching a series of “My Brilliant Friend”. I don’t want to train today. I am writing and editing a spending diary.

18:30. I put the finished sauce in the refrigerator, cut vegetables and herbs for soup. I boil rice noodles.

19:00. We have soup for dinner and drink coffee with papaya and chocolate.

20:00. After dinner, I watch another episode of My Brilliant Friend, while my husband watches the news and learns exam tickets.

21:00. Before going to bed, I take a bath and massage with a gouache scraper. In bed I read “The Goldfinch”.

22:00. I fall asleep.

Weekly spending – €4180.86 (R383,516)

Investments

3000 € ⁣ (275 195 p)

Rent apartment

450 € ⁣ (41 279 r)

Food and wine

379.56 € ⁣ (34 818 r)

Mom

€200⁣ (R18,346)

Books

€76⁣ (R6972)

Glasses

36.4 € ⁣ (3339 r)

Banki commission

17. 9 € ⁣ (1642 r)

Cosmetics and Genesis

15 € ⁣ (1376 r)

Fitness

5 € ⁣ (459 R)

Charity

€⁣1 (R91.7)

Spending Diaries. Readers share a week in their lives

Tell your story

What we know about Amazon’s future CEO Endi CEO Jesse

90

Bill Gates stepped down as Microsoft CEO in 2008. Google founders Larry Page and Sergey Brin stepped down as CEO and president of Alphabet two years ago. Now it’s Jeff Bezos’ turn. In the third quarter of this year, he will step down as Amazon CEO to focus on his other projects: The Washington Post, the space program, the fight against climate change.

There was no doubt that Bezos would be replaced by a person from the company itself. In 1999, Amazon appointed an outside manager as the company’s second-in-command, luring Black and Decker’s Joe Galli to the presidency and CEO. He lasted about a year, after which he quit with the wording “for personal reasons. ” At the same time, Galli continued to publicly declare his commitment to companies from the “new economy” and after some time got a job as the CEO of the IT company VerticalNet.

These experiments were not repeated again. The intrigue around Bezos’ successor came down to the choice of two old-timers. The first, Jeff Wilke, led Amazon’s consumer business. But at the end of last summer, he announced that he was going to retire. Only Andy Jesse, chief executive of Amazon Web Services (AWS) Cloud Computing, remained. In the fourth quarter of last year, his unit’s net sales revenue was $12.7 billion and operating income was $3.6 billion, i.e. more than half of that of the entire Amazon.

Bezos gave Jesse as much freedom as possible, a source at the company tells Business Insider: “AWS is 100% Jesse’s show. Bezos doesn’t tell Andy what to do.” True, Bezos keeps an eye on big deals. Leading up to the 2016 partnership agreement between AWS and Salesforce, Bezos participated in every meeting with Salesforce CEO Marc Benioff, although Jesse eventually signed the deal. And now, Bezos is promising to keep an eye on Amazon as executive chairman of the board.

How Jesse came to Amazon

Bezos likes to joke that when he launched Amazon, the most common question he had to answer was, “What is the Internet?” Jesse joined the Bezos team in 1997, three years after founding the startup, when Amazon was just a bookstore. Unlike most of the staff, he was neither a fan of books nor an enthusiastic programmer. He had little understanding of IT at all. Well, the harder I had to study. In 2003, Andy took over the business that now leads the way in providing cloud services. I must say that until now he prefers to print documents and look through them with a pencil in his hand. And only if he travels, works with documents in digital form.

Jesse was born in January 1968 to a senior partner at the New York law firm Dewey Ballantine. Graduated from Harvard in 1990 with honors. While still a student, he worked as an advertising manager for the student newspaper The Harvard Crimson. After graduating, he got a job as a project manager in a company producing collectibles MBI. It was a great business experience, he says, although he wasn’t interested in the figurines the company was selling.

Home sports bar and tote

Jesse got married the same year he joined Amazon in 1997. Elana is his age. She graduated with a degree in fashion design and, after her marriage, worked for Kanye West’s renowned Eddie Bauer fashion brand in Seattle. When the first of two children was born, Elana quit her job and started her own business, Eclectic Nomad, selling handmade textiles and tableware, much of it imported from Turkey.
The Sun reports that Andy and Elana live in Mansion 1906 with three bedrooms, a library, a dining room, a dressing room, a two-car garage and a small pool. In Elana’s house, she made repairs according to her project. Andy is a big sports fan. Last year, he became a minority shareholder of the Seattle Kraken, a Seattle hockey team in the making, according to the San Francisco Chronicle. And in the basement of his house, he equipped a sports bar where he invites former and current Amazon employees to watch sports. At the same time, Andy organized a football sweepstakes for himself and his friends.

Jesse returned to Harvard for an MBA in 1997 and immediately joined Amazon as a marketing manager. The startup had several hundred employees and had $15 million in sales the previous year. Jesse told the Financial Times (FT) that he was drawn to Bezos’s ambition to turn his brainchild into something more than selling books.

In his early years, Jesse managed to build and lead an account team, work as a marketing director, write a business plan for a new line of business, music sales, and lead this direction. He eventually became an assistant to the founder of Amazon. The company called him “the shadow of Bezos.” “I participated in all his meetings, including personal ones,” Jesse told CRN magazine. “It was an invaluable experience for me to watch Jeff work every day. ”

This went on for 18 months. Everything changed in 2003, when Amazon first reported earnings. The company rapidly expanded its business, with annual revenues exceeding $4 billion and growing rapidly. At Bezos’ home on Lake Washington, executives gathered to discuss the strengths and weaknesses of the business. Jesse was there too. The conversation turned to technological infrastructure. Amazon programmers spent too much time to create it for every project. Virtually every project re-invents the wheel, Jesse fumed, and proposed cloud computing power that would be used by all Amazon divisions. And not only them. “Anyone in their garage or dorm room will be able to access services with the same cost structure, scalability and infrastructure as the largest companies in the world,” he described the initial idea in the WSJ pages.

In the clouds

AWS Cloud was founded in 2003 by a team of 57 people. “It is unlikely that people would have guessed that AWS would become a pioneer and leader in cloud computing,” Jesse told CRN. In those years, most companies bought and used their own servers. Large companies discussed the idea of ​​leasing computing power, but the matter did not go beyond words. So when, in 2006, AWS offered its compute and storage platform, which you could rent by the hour, it was a pioneer. Jessie’s favorite saying is “no algorithm has yet been invented to compress experience.” So he explains why AWS has such an advantage over powerful, but later entered the market competitors – the same Microsoft and Google.

In his early days at Amazon, Jesse, a Harvard graduate, often got into heated debates with sales managers about strategy and tactics. Later it turned out that they were right, but he was not, writes Business Insider. Perhaps that is why, when Jesse became a leader, he began to encourage subordinates to discuss and express their own opinions. He himself takes the floor last, so that the rest are not guided by his words.

“You can’t just sit in a meeting and watch,” former employee Jesse told the FT. “People who don’t do their best in work meetings won’t get a second chance to shine, at least not for a long time,” another Amazon employee told Business Insider. Jesse hates it if someone isn’t prepared for the meeting on topics that were already known. But it is completely normal when subordinates do not find an answer to his questions, if a new idea arises. “In my entire career, I’ve never said ‘I don’t know’ as often as when I worked with Jesse,” another former employee of his admitted to CRN magazine. “And it’s amazing how often we found that we could actually bring [a new idea] to life, and quickly.”

The ugliest shirt

Jesse is able to recall the details of long-standing meetings on the fly. This is a very useful quality, given that, like Bezos, he has a penchant for micromanaging. Sources told Business Insider that Jesse won’t even allow press releases to be issued without seeing them in person. The downside of this approach is that Jesse has seven to eight meetings every day, his schedule is packed at least two weeks ahead. A pseudo-market has developed within the company in which employees exchange their right to meet Jesse early.

But one of the employees defended Jesse in CRN: “Andy is not a micromanager. But he participates in the product verification process. And he does not say: it should work like this. Instead, he may say: I don’t understand what this thing does – can you explain to me?

Jesse’s manner of communication is very different from Bezos, writes Business Insider. Jesse is much softer, Bezos is known for his emails with one sign: he still reads user complaints and forwards them to responsible employees, adding a question mark at the beginning of himself. These letters make people shiver. But Jesse’s letters are the opposite. He puts at the beginning of the forwarded letter not one character, but a whole word with a different number of exclamation marks.

Amazon.com, Inc.

Online retailer

Shareholders (refinitiv data): Jeff Bezos 14. 49%, free float 85.83%; the largest institutional investors are Vanguard Group (6.53%), BlackRock Institutional Trust Company (3.61%).
Capitalization – $1.67 trillion.
Financial indicators (2020):
revenue – $386.1 billion,
net profit – $21.3 billion.

The company was founded in 1994 by American entrepreneur Jeff Bezos. The site was launched on July 1995, initially it sold only books. Amazon now sells a variety of products and services over the Internet.

And the word is “Glorious!” He writes this while forwarding letters about the success of the company (such as closing an important deal) and just to make it clear that he read the letter. There is a joke in the company that in fact, Jesse wrote a bot a long time ago that automatically substitutes the word “nice” for him.

The difference in approach between the two leaders came to light in 2015 after The New York Times devastated a story about the hardship Amazon workers are having. Bezos sent a letter to employees stating that no newspaper article is able to understand and accurately reflect the corporate culture of Amazon. And Jesse to his AWS subordinates – an inspiring essay with the words: “We are inventing a new normal.”

But Jessie can yell at the staff. Especially at weekly meetings with project managers. To defuse the situation, these meetings hold a joke contest for the ugliest shirt. The winner receives some kind of trophy in memory of how severely he treated the sense of beauty.

What is Jesse worth?

In 2015, Amazon disclosed AWS financial results for the first time. It turned out to be the largest cloud provider in the world and the fastest growing and most profitable division of Amazon with annual sales of $ 8 billion, i.e. about a tenth of the company’s revenue at the time, writes FT.

From Airbnb to the CIA, from Netflix to Zoom, AWS is now running on AWS. So even before his appointment to the top job at Amazon, Jesse was considered one of the most influential leaders not only in the cloud and technology sector, but also in the business world, writes Business Insider. AWS has been called the backbone and foundation of the Internet. Rumor has it that Microsoft CEO Steve Ballmer suggested that Jesse go to him and become his successor, and then Jesse was nominated for the post of CEO of Uber after the departure of Travis Kalanick.

Forbes estimates Jesse’s fortune at almost $440 million, of which about $275 million is worth of the Amazon shares he owns, and another $162 million he earned in the form of salaries, bonuses and the sale of shares received from the company. He spent most of his life in Seattle, Washington, where Amazon is headquartered. And just recently, according to Variety, he and his wife bought a $6.7 million home in Santa Monica, California.

Competitors advance

“We at Amazon are building a business that will outlive the rest of us,” Jesse is quoted by the FT. His words are a reference to a letter from Bezos, written back in 19’97 Bezos let Wall Street know that his company had no intention of catering to financial analysts. Instead, she will focus on long-term growth. “You can’t feel 30% smarter when a stock is up 30%, because then that means you have to feel 30% dumber once a stock is down 30% – which is usually not the case.” Jesse added.

Amazon has had a very successful year. Revenue increased 38% year-on-year to $386.1 billion, and net income almost doubled to $21.3 billion. AWS also ended 2020 well – although this division accounted for only 13% of total sales ( namely $45 billion, which is 30% more than in the previous year), its contribution to the company’s operating profit is 60%. But it won’t be easy for Jesse to hold the bar.

According to the research company Synergy Research Group, the share of AWS among cloud services in the global market in the fourth quarter of last year was 34%, in 2nd place with 20% – Microsoft. But Microsoft’s cloud business has been booming over the past four years, the WSJ notes. In 2017, it occupied half as much – 10% of the market. Meanwhile, Amazon’s share has fluctuated between 32% and 34% over the past four years.

Under Jesse, AWS was skeptical of major acquisitions, sources at the company told Forbes. He advocates not buying, but creating yourself. But given the scale of the business, it will have to resort to acquisitions to ensure growth, notes Business Insider. Moreover, competitors are pressing on all fronts, and not just in the cloud business. The Walmart chain of stores is actively developing the Walmart+ project, a competitor to the Amazon Prime delivery service. To keep up with Amazon, Walmart is investing heavily in acquiring technology and talent. For example, in 2016 it shelled out $3.3 billion for the Jet.com marketplace.

How Jesse fell out with Trump

Competitors are not the only problem Jesse will have to deal with. Authorities are blaming Amazon for its gigantic size, and there is talk of splitting the company up. For example, by spinning AWS into a separate business. When the pandemic hit in 2020, regulators scrutinized cloud pricing over the perception that the market leader was taking advantage of its position and pricing less flexible than Google, Microsoft, and other competitors. As a result, Amazon became more accommodating. For example, Airbnb was able to pay a contractual minimum of $1.2 billion to extend the use of the cloud service for longer than originally agreed upon, Business Insider sources say.

Regulators also have complaints about Amazon’s merchandise business. In November, EU competition authorities accused the company of promoting its own offerings in France and Germany at the expense of small independent traders. This month, Amazon agreed to pay $61.7 million after the US Federal Trade Commission (FTC) found that the company withheld tips from delivery drivers from 2016 to 2019. About 1.3 million people work for Amazon and increasingly they accuse the company of difficult working conditions, The New York Times draws attention. Recently, workers at a logistics center in Bessemer, Alabama tried to form a union to fight for higher pay and better conditions.

Represents a danger to the company and Jesse’s characteristic intemperance of the tongue. Last year, AWS fell out with Trump, reminds Business Insider. AWS lost the Ministry of Defense competition: officials chose Microsoft services. AWS tried to challenge this decision, and Jesse openly stated that it was not about commercial terms, but about the enmity between Donald Trump and Jeff Bezos. After all, the newspaper The Washington Post, owned by the head of Amazon, dared to criticize the authorities of Saudi Arabia and insisted on an investigation into the disappearance of Jamal Khashoggi, during which the name of the Prince of Saudi Arabia Mohammed bin Salman surfaced.

Jesse doesn’t want to stay away from politics. He made harsh statements many times on social networks: he condemned the killings of black Americans by the police, praised the courts for supporting illegal immigrants, and resented discrimination against LGBT people. All this did not help him avoid attacks from human rights activists. They are outraged that Jesse is defending the right of AWS to trade his facial recognition software with foreigners and US authorities. The software can be used to identify and prosecute those objectionable to the authorities, civil rights advocates fear. In June 2020, under their pressure, Amazon agreed to impose a moratorium on the supply of this software to the US police for a year.

Most IT specialists in Russia work without diplomas. Education news

Business school rankings
7131 September 28, 2022

At the same time, the older the employee, the less chance that he has a specialized education.

Business education news in Russia and abroad: facts, trends, research results.

When preparing digest materials were used Executive.ru, forbes.ru, mba.su, minobrnauki.gov.ru, rb.ru, skillbox.ru, ubo.ru.

If you have interesting news about business education, send it to [email protected], and perhaps they will be included in the next digest.

1. Russian IT specialists work without diplomas
2. Ranking of universities by media activity
3. Amazon launches its own IT courses
4. What subjects do Russians lack in schools?
5. QMarketing enters the Asian market
6. The largest EdTech giant in India went into the red
7. Students go to universities for a career
8. VIM Investments will support an EdTech company

Russian IT specialists work without diplomas

66% of Russian IT specialists do not have a specialized higher education, HeadHunter found out in his latest study. At the same time, the older the specialist, the less chance that he has a diploma in his specialty. Thus, among IT specialists aged 25 to 34, only 67% have a non-core education, while in the group of 45+, 78% of the study participants have a non-core education. The highest proportion of specialists working without a diploma is observed in the group of specialists with 3 to 9 work experienceyears.

Ranking of universities by media activity

The Ministry of Education and Science of Russia published the rating of media activity of universities for August 2022. The leader of the rating was Russian University of Economics named after Plekhanov , which retained this position since last year. The second place was taken by Ural Federal University named after Yeltsin . The third place went to the University of Science and Technology “MISiS” . The top 5 also includes Kazan Federal University and Moscow State Technical University named after Bauman . The position of the university in the ranking was influenced by 3 indicators: the effectiveness of work with the media, the official website and social networks.

Amazon launched its own IT courses

Marketplace Amazon opened access to its own online courses in the IT field: machine learning, programming, data analysis and computer security. In total, the company’s website presents more than 100 courses. Some of them can be taken for free, for others, users will have to pay about $10. The contributors included both Amazon experts, as well as third-party experts and online schools. This innovation was another step for the company on the way to the online education market. Amazon already has an Amazon Study project for students, as well as an AWS Academy program for universities.

What subjects Russians lack in schools

Educational platform Skillbox conducted a joint study with VK to find out what additional disciplines Russians would like to include in the school curriculum. The most popular subject was financial literacy, with 52% of respondents reporting a lack of it. 38% of respondents were in favor of programming, and 34% suggested adding psychology to the program. Also among the subjects that could replenish the list of school disciplines were economics (30%), the development of soft skills (19%), design (9%) and marketing (8%).

QMarketing enters Asian market

Founders of marketing agency Qmarketing and online design school Qacademy launched an educational project in Indonesia and the Philippines, which plans to expand to Vietnam, Thailand and Malaysia by the end of the year. This project was the online school of IT professions Refocus, whose sales in August exceeded $1.5 million. To expand into new countries, the project developers plan to attract $13 million in investments. Prior to this, the founders invested in the development of the project funds received from the sale of Qacademy to Skyeng in December 2021.

India’s largest edtech giant went negative

After several months of delay, Indian educational technology company Byju’s reported its financial results for the past year. In 2022, the company’s losses increased almost 15 times – from 3.1 billion to 45.6 billion rupees ($573 million). Revenue for the same period fell by 3% to Rs 24.3 billion. This imbalance is associated with numerous acquisitions of the company – in 2021, $2.6 billion was spent on this, including $950 million of those funds went to Indian education provider Aakash, and another $600 million to Singapore-based Great Learning.

Students go to universities for careers

77% of applicants go to universities for career prospects, not for general development, according to a study by Arts & Science Group . 76% of respondents believe that employers prefer to hire graduates from specialized universities, rather than Liberal Arts colleges, where students receive a general education based on a superficial study of a large number of subjects. Moreover, 57% of respondents think that the experience that these colleges provide can be obtained at any university. Only 32% considered Liberal Arts graduates to be in demand on the market.

VIM Investments will support an EdTech company

Mutual investment fund Pre-IPO Fund 1 managed by VIM Investments took part in sponsoring the company Generation Thinkers operating under the brand 24075 Think . The Fund received a 33% stake in the EdTech project, which provides career guidance for students in grades 8-11 and prepares them for the Unified State Examination and the OGE. Think24 plans to use the collected funds to open training centers in all Russian million-plus cities. The company is sure that the investments will help the center to strengthen its influence in the regions, as well as introduce innovative technologies into the educational process.

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Microsoft and Netflix have removed servers from Russia that speed up content downloads – RBC

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Microsoft and Netflix have removed their servers from the largest Russian traffic exchange point, which may lead to a decrease in the download speed of services and content of these companies. Previously, part of the servers in Russia turned off Google

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American corporations Microsoft and Netflix have removed their CDN servers from the Moscow traffic exchange point MSK-IX, CEO of the company of the same name Evgeny Morozov said, speaking on Friday, September 30, at an international conference administrators and registrars of national top-level domains in the CIS countries, Central and Eastern Europe TLDCon (RBC correspondent watched its online broadcast).

CDN servers (Content Delivery Network) – a network of servers that large services with a large audience are placed as close as possible to end users, that is, in the networks of large Internet providers and at Internet traffic exchange points. MSK-IX (Moscow Internet Exchange) is the largest Russian traffic exchange point, 346 telecom operators, owners of social networks, search engines, video portals, cloud service providers, corporate and scientific and educational networks are connected to it, which is considered the highest indicator among Russian points traffic exchange follows from the information on the PITER-IX website (St. Petersburg traffic exchange point).

The fact that Microsoft was going to remove CDN servers from Russia was reported by several RBC sources in the telecommunications market at the end of spring, but representatives of the largest providers at that time refused to comment on the information.

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As the CEO of MSK-IX explained, in connection with the February events, there is a “global change in those participants and those content resources and services that existed and actively worked on the territory of Russia”, which is reflected in a change in the volume of traffic within the country. Morozov noted that Microsoft and Netflix are “the most prominent representatives of the departed companies,” but there are others who have decided to remove their “nodes” from Russia. Which ones, he did not specify.

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According to Morozov, the services of the departed companies remain available, but their traffic passes through global providers that provide services through international communication channels.

Another telecom market expert explained that after MSK-IX lost its servers in Russia, users should expect services to slow down and “perhaps a very slight increase in access errors.” However, the availability of services will remain in some format, he confirms.

VimpelCom’s (Beeline brand) operator business block said that Microsoft and Netflix were not ready to formalize network connections in accordance with Russian law, so their CDN servers were never connected to VimpelCom’s network in Russia. They added that CDN servers of other foreign services, “ready to work on a legal basis, have been connected and continue to function. ” But what exactly, the representative of the operator did not specify.

RBC sent a request to MSK-IX, MTS, MegaFon, as well as Microsoft and Netflix.

After the start of a special military operation in Ukraine, a number of foreign companies announced the termination of their activities in Russia, among them Netflix and Microsoft. Netflix also temporarily stopped work on Russian original projects – the series Anna K, Loop, Nothing Special and the crime thriller Zato. Earlier, the service refused to broadcast 20 Russian federal TV channels, the mandatory broadcasting of which was required by Russian laws from March 1. At the end of March, he removed his application from the App Store and Google Play in Russia, and in April he announced that he had lost 700,000 users due to the suspension of work in Russia.

Microsoft announced in early March that it would suspend sales of new products and services in Russia. The company also suspended “many lines” of business in the country due to sanctions, and in early summer confirmed its intention to reduce business, but assured that it would continue to fulfill existing obligations under contracts with local clients.