Hey! I’m the author. Biotech is not as well comp’ed, especially when you compare years of experience. For context, senior (Director, VP) levels make low to mid 200s, PhDs with work experience make mid 100s, and straight out of grad school make 80-120s
This doesn’t take into account equity, which most bio hires have zero context for and are easily taken advantage of when negotiating. I give equity packages in line with tech standards, but I could have cut them by 3-5X and still been competitive with the standard bio co.
tier-1 biotech in the bay area (genentech, gilead, etc) pays less than tier-1 tech (google, facebook, etc), but that's mainly because FAAMG pay such absurdly high base salaries.
The difference is less profound for tech folks at biotech companies than it is for biotech people. Certainly when I worked at a biotech startup for a year, after leaving FAAMG, I was able to negotiate the same base salary, but base salary is only a part of total comp...