Help eval my Uber PM offer.

Facebook zaJo52
Jun 5, 2018 29 Comments

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.

comments

Want to comment? LOG IN or SIGN UP
TOP 29 Comments
  • Uber Fnak
    Why do you think this is low for a regular PM role (L4) with 5 yoe? The base, equity, and refresher (100k is over 3 years not 4) all beat the equivalent a L4 eng would get. It’s on the cusp of L5.

    Also, unless they significantly increased refreshers from last year, 100k over 3 years does not sound right for L4. Anyone at Uber can verify that these numbers seem off.
    Jun 5, 20185
    • Facebook zaJo52
      OP
      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.
      Jun 5, 2018
    • Uber Fnak
      Are you an L4 PM at FB currently? If so, sounds like you’re already top of band there and should push for promo to L5.

      Uber isn’t printing money like FB. They aren’t going to beat FB on base, which pays top of market. With Uber, you are betting on equity upside.
      Jun 5, 2018
    • Facebook zaJo52
      OP
      +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.
      Jun 5, 2018
    • Uber Fnak
      IMO based on your situation, I would get the promo at FB first, then come back to Uber to interview for SPM. Worst case you get downleveled to this offer again, but at least you can negotiate with your higher FB level + package.
      Jun 5, 2018
    • Uber / EngshANq80
      Or get promoted at Uber. Probably one more cycle than at FB.
      Jun 6, 2018
  • Revel Systems CEOish
    I think the $165k is low. The rest is great! I assume this is pm, not Sr. Pm.
    Jun 5, 20185
    • Facebook zaJo52
      OP
      Yes, just PM. Not Sr.
      Jun 5, 2018
    • Revel Systems CEOish
      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.
      Jun 5, 2018
    • Facebook zaJo52
      OP
      What would be a good base?
      Jun 5, 2018
    • Facebook zaJo52
      OP
      Recruiter said that cash portions are hard to move, but he will try to get me another 10k on base.
      Jun 5, 2018
    • Revel Systems CEOish
      Your call. It's a competitive firm to get into. You are compensated well at $165 imo. I personally would not push it. Might push you out of the offer.
      Jun 5, 2018
  • Lyft Jschmidt
    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
    Jun 7, 20183
    • Facebook zaJo52
      OP
      Thanks. I know lyft is going through IPO readiness, is there a speculated date?
      Jun 7, 2018
    • Lyft Jschmidt
      Best guess is sometime in 2019
      Jun 7, 2018
  • Uber
    KnkG84

    Uber

    PRE
    Microsoft, Yahoo
    KnkG84more
    Very bullish internally. I know many folks who are not selling at the latest tender of 40. And the internal evaluation is 33!
    Jun 9, 20180
  • MuleSoft kapok
    That base is not bad at all considering its a PM role!
    Jun 5, 20180
  • Uber / Engtotem-pole
    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 🤨
    Jun 6, 20182
    • Uber Lalu
      So sad. Only at Uber.
      Jun 6, 2018
    • Facebook zaJo52
      OP
      That doesn't seem right. Engs at FB make more than PMs. :(
      Jun 6, 2018
  • What is the level? I would do interview at Lyft as well
    Jun 5, 20182
    • Facebook zaJo52
      OP
      Just PM, not Sr. Pm. I was told it's high end of pm1
      Jun 5, 2018
    • Varo Money FOTr17
      So what did you end up negotiating your offer up to? And what level? PM 1 or PM 2?
      3d
  • Uber Lalu
    This is an excellent offer for L4. That means total stock is $400K initial grant and an additional $100K in refreshers per year ?
    Jun 6, 20181
    • Facebook zaJo52
      OP
      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.
      Jun 6, 2018
  • New ngDx52
    It seems a bit low for non public company. Just for clarification, you are getting 400k worth of stock at current or vested price?
    Jun 5, 20181
    • Facebook zaJo52
      OP
      At 409a price. So current.
      Jun 5, 2018
  • Uber R144
    Never knew PMs made this much.
    Jun 8, 20180

Join verified employees in our anonymous social network!Download the app!

close