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My offer numbers from big companies

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Re: My offer numbers from big companies

#191

Post by joshuamorton »

FlyingLawnmower wrote: post #121
akhilcacharya wrote: post #2

These seem pretty standard for 2 years experience?

Is it really possible to get 180K RSUs per year with just 2 years of experience? That's more than the standard new grad Rsu grant at Google/FB/Microsoft/Amazon, which vests over 4 years. I can't imagine that 2 years of experience plus some negotiating quadruples the stock signing bonus. Everything else seems high, but within the realm of possibility...however, the RSU grants seem to be abnormally high to me. OP claim…

Keep in mind that pre-IPO companies are often willing to throw egregious amounts of stock at you, since it is illiquid and forces you to stick around. (and in this specific instance, Lyft is known for above-average stock grants).

I got a similar offer (>180K RSU/year) from a company, and I have less experience than this guy.

Re: My offer numbers from big companies

#192

Post by syllogism »

ChicagoDave wrote: post #174
cjhanks wrote: post #56

Earlier quoted context omitted.

They seem a bit higher than what I would normally expect for 2 year experience; sometimes a successful startup and some salary negotiations can give you a boost. But recall: $1 USD (SFO) != $1 USD (Almost anywhere else). And there are some other downsides, you work very long hours in a company of 70%+ men. I think quality of life in South Bay for most isn't as nice as much less affluent places. It depends on your cup…

According to that site, I'd need to make over $200k to meet my same standard of living, but I still think someone with two years experience can't come close to my knowledge of software development. There are inherent limitations. Of course if the job is to write code without any comment about the big picture and without complaint about hours, then maybe it is competitive. And that signing bonus? That just doesn't tra…

All else being equal 32 years experience will count against, you though --- and this is quite rational...

These companies want to hire for trajectory. If someone's gotten to a great level of skills 2 years out of university, that says good things about where they'll be in 5 or 10 years.

Re: My offer numbers from big companies

#193

Post by akhilcacharya »

diiaann wrote: post #95

These seem in line with what I've seen from friends and acquaintances. I've also heard 100K signing bonuses to new grads at FB. https://www.quora.com/Whats-the-rationale-behind-Facebooks-1...

It can go up to $125k if you negotiate. I’ve heard even higher but I’m skeptical of those claims.

I’m just sad I can’t get even a fraction of that at my Big4.

Source - multiple friends at FB.

Re: My offer numbers from big companies

#194

Post by wwalser »

King-Aaron wrote: post #35
wwalser wrote: post #30

Earlier quoted context omitted.

If you have the flexibility, most of the companies on this list recruit regularly in Australia for roles in the US. You may need to fly state-side of an on-site but the initial round can be done in Melbourne or Sydney. Tech companies love E3 visas.

I may look into this, I'm in need of a change of scenery

I'm in Sydney in Feb. If that's a location that works for you I could chat or get coffee.

Re: My offer numbers from big companies

#195

Post by akhilcacharya »

King-Aaron wrote: post #5

Jesus christ, $50k as a sign on bonus. I haven't seen anything like that in Aus for that sort of experience.

Facebook offers $100k to new grad converting interns. $50k is nothing.

Hell even I get $66k over 2 years if I take Amazon and my friends don’t even think that’s good.

Re: My offer numbers from big companies

#196

Post by hiram112 »

TamDenholm wrote: post #150
TamDenholm wrote: post #136

Can someone explain what RSU's are? I'm assuming its something specific to being American and since i'm not i'm afraid i'm not familiar with the term. Thanks

Thank you to those that replied.

So that $100k RSU you see in the list should not be considered yearly, but instead something like 25% of it per year?

Re: My offer numbers from big companies

#197

Post by akhilcacharya »

Redoubts wrote: post #135
flente wrote: post #118

Earlier quoted context omitted.

No, I work at one of the companies mentioned in the post. These are typical salaries for devs without exotic specializations.

Yeah, same impression here. Though it seems slightly aggressive for two years non-ivy.

Why would the school matter?

I thought this industry keeps crowing about how “school doesn’t matter”?

Re: My offer numbers from big companies

#199

Post by woolvalley »

adventured wrote: post #117
GuiA wrote: post #83

Earlier quoted context omitted.

and probably pay a lot more taxes This is a misconception about the US. Compared to Europe, engineers tend to proportionally pay as much taxes, and sometimes even a bit more (!) in the US. You get tremendously LESS for your taxes though, both at the city/state level and national level.

That's not a misconception. The US has a far more progressive tax system than Western Europe. People earning $40k to $80k in the US pay extremely little in taxes versus most comparable nations. If you're making $47,000 in the US, you're paying near a 10% effective federal income tax rate ( before any deductions). That income level, which is the median US full-time income, is far higher than nearly every other median…

Your not including the flat ~%15 social security / medicare taxes that you get, the ~%3-%9.5 state taxes. New york has city taxes if you live there making your high income.

Also not including the ~%1 or more property tax rate, which doesn't really exist at the same level vs. places like the UK. That can add $2000-$10000 per year to your tax bill.

Re: My offer numbers from big companies

#200

Post by joshuamorton »

FlyingLawnmower wrote: post #177
joshuamorton wrote: post #154

Earlier quoted context omitted.

Google base is 110K for a new grad L3. This isn't a 70% difference, its a ~30% difference. Total comp for a new-grad Googler who doesn't negotiate at all will be 110K base +18K bonus + 25K stock annually = ~153. That's without negotiating at all. Negotiation can push that across 200K annually in extreme cases. From that perspective, its not as gargantuan a leap. And similarly, I expect that this person was able to ne…

Right, I was calculating the difference across total comp. OPs total comp is ~261k per year (140 + 21 + 100), so compared against the number you listed, it's almost exactly +70% (261 / 153 = ~1.71). I edited it to 60% to account for negotiations (assumed +10-15k annually), but I didn't think there was that much room at the new grad level. I remember Google being very inflexible on base, and didn't think you could get…

Indeed, Google is inflexible on base, but they're well known (or at least I have it on fairly good authority) that they will match total comp of new grad offers from various finance firms, which have first year comp at ~200K.

And as to your second question: a rule of thumb that I think exists is that total comp approximately doubles every 2 levels, so you get a ~40% increase per level on the median. Keep in mind that a new grad offer is not the median of L3, but the bottom.

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