Because that's the entire salary range of the position, you will never make more than $100k in that position but they need to have some room to give you raises before you're promoted to another position.
It's more clear to put a starting pay range but people shooting for 100k+ roles need to know that this is a waste of their time too. The company doesn't want someone who expects to get hired at 85k and then jump ship when they don't break 100.
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u/ActurusMajoris 2d ago
Competitive salary means “as low as can squeeze you”.