I recently joined Amazon. I had two offers and my bad, I think I made a mistake. Amazon SDE1 Base $160k Stock $120k (total) Sign-on $50k Meta SDE1 Base $140k Stock $150k (total) Sign-on $20k I was stupid and I picked Amazon because I thought it was higher. What I did was: Amazon = $160k + $120k/4 + $50k/4 = $202k/yr Meta = $140k + $150k/4 + $20k/4 = $182k/yr But, after learning more in this app, I think I made mistake and Meta is actually higher in real-life money because Amazon assumes a 15% growth? (I didnt know this). Meta compensation, would only be lower first year? I would appreciate if someone can help me understand how the stock works, on real-life numbers, as it tends to grow I guess, while Amazon can only grow if stock grows >15% ? Thanks.
Reach out to Meta and see if the offer is still valid. Amazon is shitty, so is Meta but why to take same shit for less money
That was my mistake, doing the math, Amazon was "higher". I know my math is wrong, but, how is the right math then? So I could calculate again and learn.
You have to also take into consideration Metaās generous stock refreshers.
Do you know how to properly compare offers? I am aware my comparison is wrong, but I am missing to understand how to make it right.
And donāt forget about benefits. 401k etc. Amazon has bare minimum and meta is gold standard.
Is sde1 new grad because that is strong if it is
The recruiter should have gone over stuff like vesting schedule. Amazon is 160+30k (sign on) + 6k (stock) because you only vest 5% y1. So 196k for year 1. Meta is 140k + 38k (stock) + 20k (signon) + 14k (target bonus is 10% for e3 iirc). So 212k y1. Meta also has refreshers. You probably can come up with some excuse to join meta instead. Usually averaging over 4 years is better but you need to include target bonus + stock refreshers. Because you are new grad, itās harder to calculate though, because it depends on if you hit e5 before your 4th year.
Thanks, this provides more clarity
Such a fool, even if really Amazon was higher, choosing it is still a mistake. Also Amazon stock is just 5% for first year and you need to pay 30% tax on that, assuming it will be pretty near to pennies You traded yummy foods with free bananas š
If you are able to stay more than 3 years in either company, growth and comp in Meta would far exceed that in Amazon. Amazon also has much higher PIP rate.
Then Meta only exceeds Amazon on year 4th? Because end of initial stock Grant?
Yes, easily by year 4 and much earlier if you are a top performer. Metaās bonus structure is very generous whereas Amazon does not have performance bonuses.