I am currently interviewing for a Product Manager role at Facebook. The recruiter is insisting that I provide an expected compensation number first because that is “standard” for how they determine compensation. They will take the number to the offers committee after on-site interview and provide a package with my desired comp instead of going through the typical negotiations. Is she BSing me? I typically let the company go first before negotiating. TC: 205K
What level and what range did they tell you?
Targeting for L4. Need to ask for range.
@pmpmp - ask for a number that you will be happy with. There’s enough data on Blind to tell you what a typical offer looks like. Be prepared to answer how you determined that number. I accepted an L6 offer and asked for a big number. My reasoning was that, that’s how much my other offers were lining up at. Also I was upfront that I was interviewing elsewhere. Their first offer was pretty solid. Their second offer was crazy!
If you are in California, it's against the law to ask for your current compensation...
They’re asking for expected comp, not current comp
Asking for a range or a number isn’t asking for current compensation. Unless they ask “what are your currently making” it isn’t illegal
This is disgusting behavior
today I learned most of blind cannot read worth shit
My recruiter tried doing this to me and I refused. You can ask for the range first and then give your number.
Thanks for the tip!
Yeah issue is: if 2 people pass the interview, they might choose the one who gave a lower number (all else being equal)
Google the typical compensation.
Seems to be limited data out there for PM. There’s a lot more for dev. I’m seeing $200-$250k which seems low.
Sounds about right for PM. Lower RSUs and you’re talking L4. Conversely they didn’t ask me for expected comp going in and the initial offer was way low so it may be a positive if you’re expecting more than they’re willing to give.
Its atypical, you should really avoid a direct answer
If you are in California, tell the recruiter that by law you do not need to give them a number. However, by law they are required to give you a range of the compensation.
Interesting! Which law is this? I’m in Seattle so not sure if it still applies.
For Seattle, the employer could ask for your current comp after delivering an offer to you. That is do not lie about your current comp. it shows up in your background check
They asked for my compensation expectations before giving me a number - I told them what I made and said make me a competitive offer or I’m not leaving. They offered a 60% raise lol
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Not sure about Product manager level, but a General rule of thumb is, don’t give your number first.
Outdated rule that keeps surviving! Follow at your own risk of being lowballed + anchored to lowball. Companies have figured this strategy out by now. There is enough info on the internet to provide a useful and practical number for some professions, PM included. Levels.fyi +10-20%.
Very good insight. Anchoring = Negotiations 101