2 YOE. 320k+ TC when including 1x multiplier for bonuses, which is pretty much guaranteed. I don't quite honestly I think I deserve this much money. What's the catch?
Portland?
No. This sounds more like a low CoL place - must be like Dakota or something...
With 2 YOE, he has TC of 320K. This has to be SF.
What's the breakdown? How much of it is stock and at what price are they offering you?
What does 1X multiplier mean. If your base is 160k, your target annual performance bonus is 160k?
Catch is obvious. Salary bubble for sw eng in Bay Area and Seattle. Lots of companies wanting to attract small pool of talent. Bubble will definitely burst. Uber/Lyft stock performance post IPO is maybe an indicator. Maybe several startups will go under. This reduces demand for engineers. High salaries attract good people to sw which increases supply. When demand-supply tilts in favor of supply, all these high salaries will disappear. Enjoy the ride while it lasts.
FUD
People have been saying this for years and in last 40 years, software development salaries went down when the whole world had an economic meltdown. Otherwise software salaries have always been high and will continue to stay high. The easy way out is getting a non tech degree and dealing with normal people. Try becoming an engineer and working with other engineers who happen to have zero social skills. We are paid to deal with our coworkers and knowing how much code to write and when to write it.
OP, catch is your pay is paper money. Try IPOing with less than 4 to 5 billion in revenue on 25 billion valuation and you will see the same fate as Uber stock today.
The catch is that a large portion of your TC is stock-based, which is illiquid since Airbnb isn't public yet. Also, as recent events have shown, their valuation of their stock cannot be guaranteed.
This is a high end L4 offer, especially when considering you have 2 yoe only. This isn't a typical offer. Do you have any specialized expertise/experience? Or are you from a minority group? Anyway, congrats!
Being from a minority group means you get paid more?
Really? I see way higher L4 offers in the Airbnb company channel. levels.fyi have a few data points with base and stock higher than mine
Op, I had a similar offer with similar yoe. There is no catch, Airbnb is currently one of the top payers in the industry. They upped their pay a lot last year because they have been hiring like insane and want to attract pple from all other tech companies, which they seem to be succeeding in. Yes, a big chunk is paper money but the company is a pretty much guaranteed IPO in 1 year, and it's profitable so I personally see a big upside and feel that this is an incredible time to take an Airbnb offer. Doubt there is any other company which would be better for our yoe compensation wise atm, so take the offer and enjoy while this craziness lasts
Lol
Great offer. I’m L4 but a bit lower in TC
Breakdown? Base bonus stocks?
180k base, $410k RSU, the rest are bonuses
Is that at the 409a price?