Getting 165k base and 400k grant with 100k refreshers at 409a. I have +5 yrs of relevant work exp. It seems a little low overall, but recruiter is pressing that the stocks will see massive growth very soon. Is it overall strong? Are internal people very bullish on stocks? Thanks in advance.
It seems a bit low for non public company. Just for clarification, you are getting 400k worth of stock at current or vested price?
At 409a price. So current.
I think the $165k is low. The rest is great! I assume this is pm, not Sr. Pm.
Yes, just PM. Not Sr.
Then I think it is a good offer. Just my opinion though. I think range for pm in Bay area is closer to $140-150k.
That base is not bad at all considering its a PM role!
It's extremely close to my base at FB, with the upside being growth from stocks at Uber. Which is a slight risk and won't be really worth real money until mid 2020.
+1. I am mostly looking at base to support my family while equity as long term growth. I should get promoted at FB in this or next cycle, but TC bump internally isn't that great.
It sounds like an excellent offer for a PM! I’m an L4 engineer and my TC is less than yours on base, equity and refresher. Kinda bummed that PMs are making more than engineers at a FANGU 🤨
This is an excellent offer for L4. That means total stock is $400K initial grant and an additional $100K in refreshers per year ?
I rounded down the numbers a little bit, but the 100k refreshers are spread over 3 years. So at the end of each year, my stocks will be: 1:100 2:130 3:160 And so on.
Surprised to see the reactions to this. That seems low for an L4 PM at Lyft, although I'm L5 and maybe the gap between levels is bigger than I thought. Since I know I'll be asked: 195k, 700k in equity over 4 years
Never knew PMs made this much.
Very bullish internally. I know many folks who are not selling at the latest tender of 40. And the internal evaluation is 33!
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What is the level? I would do interview at Lyft as well
Just PM, not Sr. Pm. I was told it's high end of pm1
So what did you end up negotiating your offer up to? And what level? PM 1 or PM 2?