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Originally Posted by goofyballer
I think that could be realistic it you make L5 or whatever the other bigco equivalent is. I'm at the equivalent of L4.
Quote:
Originally Posted by goofyballer
Base: current salary minus 60k
Bonus: 20k/yr (base; could be as high as 40k if I kick ass but I have no visibility into how easy or hard that is)
RSU: 140k, typical vest
Assuming Google, this is more like an L3 offer than an L4 offer, so if they're leveling you at L4, they are majorly lowballing you and you likely have tons of room to negotiate. If you are being leveled at L3 for some reason, you should be able to get promoted fairly easily - L3 -> L4 is an easy promotion at any of the majors even for new graduates.
Quote:
Originally Posted by goofyballer
Refresher grants as deployed at some large companies (including DBAM) are given yearly, so that your stock-based compensation increases yearly through year 4. But I think the subsequent grants (except maybe in year 5 after your first large grant runs out?) are likely not as large as your initial one, so it's not like getting an initial RSU grant of 200k means you're making 200k/yr from stock alone by year 4.
Don't forget that refreshers also vest over time, usually over the same schedule as your initial grant from the point it's granted. For example your annual refreshers may be 1/4 of the typical initial grant at your level (depends on the company but it's typical since this way, by year 5, refreshers entirely replace the initial grant) and vest over 4 years. So your initial grant was 200K vesting over 4 years, netting you 50K a year, your annual refresher may be 50K over 4 years, which results in your stock compensation over time like:
Y1: 50K
Y2: 50K + 12.5K(from Y1) = 62.5K
Y3: 50K + 12.5K(from Y1) + 12.5K(from Y2) = 75K
Y4: 50K + 12.5K * 3 = 87.5K
Y5: 12.5K * 4 = 50K
This is assuming no promotion, no inflation and no changes in compensation formula, nor otherwise outstanding performance that resulted in extra grants. So generally speaking, your comp, even without any increase in stock prices is expected go up significantly from what's quoted in the offer. When you see people quoting really high comp numbers relative to their level, it's often when they are in year 3/4 where they are on both their initial grant and accrued significant amounts of refresher grants. Also strong performers are almost certainly going to get something to compensate for Year 4 to Year 5 cliff though there aren't that many people who are significantly impacted by this as most of the big tech companies were significantly smaller 4 years ago and most people are hired at fairly low levels, then get promoted over time, which means their refreshers are much more significant than initial grants.