5b Uber level and compensation comparison

Facebook PkOP22
May 27, 2018 33 Comments

I have a job offer for a level 5b (Senior Software Engineer 2) at Uber that I would like some help evaluating. I am excited about the opportunity but I would like to improve the numbers.

First, would you know how the E5b compares to the level E6 at Facebook ? (Or Staff L6 at Google). levels.fyi makes me believe that it is similar. (Which would mean that Uber level 6 is equivalent to E7 at Facebook and thus super rare ?).

The offer itself is:
- Cash: 214K base + 30K meets-all bonus
- Initial grant of 780K vesting over 4 years
- Refresher grant of 140K every year but each refresher vests over 3 years

I need help figuring out if the initial grant is low or not. I heard some figures like people getting 1 Million.

Thank you !

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TOP 33 Comments
  • Uber Hieaki
    5b maps to e5.75, if you ask me.
    It’s a good offer though.
    May 27, 2018 2
    • Facebook PkOP22
      OP
      What would uber 6 map to at Facebook or google ? How many level 6 engineers does Uber even have ?
      May 27, 2018
    • Uber Hieaki
      Uber 6 at Uber is certainly harder than e6 or t6. Again I’d say it’s 6.75 at f/g.

      It’s common that in a 100 people org, it may only have 2-4 level 6s.
      May 27, 2018
  • Facebook Davikz
    Comp is worse then my E6 comp. 140k is way lower than your E6 refresh. It won’t even refresh your initial grant. And it’s private equity you can’t sell. Financially speaking it’s bad.
    May 27, 2018 2
    • LinkedIn Freighter
      Whats the refresher for E6 meets all at Facebook?
      May 27, 2018
    • Uber Fnak
      +1 to this question.

      Note the 140k for Uber is over 3 years so this is equivalent to 47k per annum for “meets all”.
      May 27, 2018
  • Google iegb37
    Also base is great
    May 27, 2018 0
  • Microsoft / Eng
    Cnkdokxbf

    Microsoft Eng

    BIO
    iOS developer
    Cnkdokxbfmore
    780k at what valuation?
    May 27, 2018 2
    • Facebook PkOP22
      OP
      At the current 409a valuation of 33 per share. So 23k stock units over 4 years of initial grant
      May 27, 2018
    • Google iegb37
      That's a good offer then. They were giving these numbers at the valuation of 48 per rsu
      May 27, 2018
  • Uber / Eng shANq80
    Your base is great. RSU may worth mil in 2020
    May 27, 2018 0
  • Uber Fnak
    The people who received 1m in the past were using the preferred price of $48.77. They got ~20k RSUs. Only recently have recruiters been using the 409a price.

    As others have said in this thread, confirm the # of RSUs you will be getting from a Director. If 23k (using $33.65), very strong offer and unlikely to go much higher. If 19.5k (using $40), still decent and maybe negotiable. Good luck!
    May 27, 2018 3
    • New AMex31
      And that's for OP's level of l5b, right?

      If I got my offer back when they were using $48.77 and accepted it, but haven't started, do you think it might be possible to now ask for higher # of RSUs using $33.65 to get to the same total amount of equity?
      May 27, 2018
    • Groupon IXoA27
      So @AMex31, did you succeed in amending your offer?
      May 30, 2018
    • New AMex31
      Nah I didn't try to do it
      May 30, 2018
  • Uber coderlite
    Congrats! $780k translates to roughly 19k rsus( this can be increased by at least another couple of thousand).
    Base seems on the higher side, which is good.
    how many years of experience?
    May 27, 2018 1
    • Facebook PkOP22
      OP
      Approximately 8 thus far. Thank you for your insight !
      May 27, 2018
  • Google noname22
    What is your current level at Facebook?
    May 27, 2018 0
  • Uber On
    This is a high end offer for 5b. As much as I want you to join Uber, this will translate to 19k RSUs by the time you join. Or: join in 2 weeks, but first make damn sure you’re getting 23k RSUs and get it in writing. A lot of folks who joined in the last month or two were promised 33/share equivalents and now there’s doubt about whether they’ll get it. Talk to your recruiter. Tell him/her you heard from recent hires who are in limbo.
    May 27, 2018 3
    • Microsoft Yehej
      My recruiter told me that I will get the 409a price on the date I join . Isn’t that true ?
      May 27, 2018
    • Uber On
      No it’s not necessarily true. I joined recently and no one has confirmed that. You still have leverage. Demand to talk to a Director level recruiting person. And get it in writing. Right now a $ offer and a promise of “current 409a price” is totally worthless as it’s ambiguous.
      May 27, 2018
    • Groupon IXoA27
      @On, if not the joining date, then which date is relevant to the $ to number conversion for the stock component?
      May 30, 2018
  • Uber am no one
    Generally Sr 2 is equivalent to FB e6, are you getting the number of RSU units or just dollars? If latter, keep in mind there is a liquidation event happening now for $40 per share, so your number of units may be based on that number, but not sure how today’s offer works.
    May 27, 2018 3
    • Facebook PkOP22
      OP
      Thank you. I am getting this in terms of money. I will try to get them to offer me in terms of stock units. The figure I was quoted was of 23k stock units at their 409a valuation of 33 per share
      May 27, 2018
    • Airbnb MDkc72
      I got the offer 3 weeks ago. They said they don't do number of units anymore. My offer was at 33. I accepted and plan to start soon. But then I saw the news about tender offer last week. Now no one is sure if I'll get 33 or a new number based off of the tender offer.
      May 28, 2018
    • Groupon IXoA27
      So @PkOP22, did you succeed in getting the offer modified to give you the stock in numbers instead of dollars?
      May 30, 2018
  • New AMex31
    I was offered a different level for Uber and there was no mention of "refresher grant". There was mention of a performance bonus of which a small percentage is cash and a large percentage is RSUs with same or similar vesting schedule. Is that what you mean by meets-all bonus and refresher grant?
    May 27, 2018 2
    • LinkedIn Freighter
      In my case, the recruiter gave me exact numbers for target bonus and for target refresher. I haven’t gotten the written offer yet, but verbally the distinction was clear.
      May 27, 2018
    • New AMex31
      I got exact numbers too, but indirectly, e.g. target bonus of X, Y% is in cash and Z% is in equity vesting monthly over 3 years
      May 27, 2018
  • Microsoft qOgE31
    whch RSU price is real when sending offer? I saw some offer is $33 per share , and some is $48, shouldn't there a unified price?
    May 29, 2018 1
    • Groupon IXoA27
      The correct answer is that the dollar amount is promised for the total number of shares you would receive. The $33 and $48 price per stock is not promised.
      May 30, 2018
  • Google Techmeme
    How can they write you the refresher amount in the offer letter?
    May 27, 2018 1
    • LinkedIn Freighter
      It’s the target refresher, just like target bonus. And its fixed per level.
      May 27, 2018

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