I'm getting an offer to join Uber atg as a pm. I was aiming for a L4, but was offered a L3 position at the higher end. The onsite interview went well, but not stellar. My question is whether I should wait another 6 months to a year and interview again and hopefully hit the L4, or just take the L3 and work towards a promotion in a year or so. How difficult are promotions to come by? I have 8 yoe. Also, a large portion of the compensation is stock. I know Uber stock price in the future is anyone's guess, but does anyone have some sound advice about coming in right now post ipo? I'm thinking it could be a bottom, but who knows. Is the stock grant negotiable? Thanks!
Iâm in the same boat itâs a long term investment. Nice thing is that signing in May is to your benefit since they take the 30 day average price and use what ever $ amount youâre granted so if the stock stabilizes or goes up youâre getting more bang for the buck. Iâm excited because Iâm joining an awesome team doing cool shit.
Good points. Can you share which team?
Itâs marketing finance not SWE so I get to work with everyone basically
tc.or gtfo
Ah yes, thank you for the welcome. Current TC is about 160k and this would be about 180k at current stock price.
Nobody knows the future, Uber definitely seems more risky than a more established profitable company like FAANGs, but it also means thereâs more upside. Seems to me like it could be a great time to get in though. Stock price is below $40, back in 2016 people were paying over $50 for it I believe, and the company has grown a lot since then. Some people thought they could IPO at a $120B market cap, if thereâs anything to that they could potentially hit that market cap in not too long and you would double your stock grant. I doubt you could use this to negotiate over, I suspect theyâd come back with the same logic â youâre getting in at the bottom of a small correction. But you could try.
I mean itâs not like theyâre going bankrupt in 2-3 years so try it out and if you donât like it move on to another FAANG very little downside IMHO....and huge potential upside. Itâs not like anyone gets to live dat baby boomer 30 years with the same company retiring with a gold watch and a pension life these days anyway.
If you donât have financial commitments, there is no reason why shouldnât consider. Just ask for more equity to the get a decent cushion if the stock continues to fall.
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