Higher TC different company? - Sr Mgr/Director

Amazon / Mgmt Truflshufl
May 26, 2018 27 Comments

I’m making a good TC for an Amazon L7 SDM (550, mostly RSUs, top ratings every year, Seattle) but I have kids going to college in two years and am wondering if I should make a move to one of the better paying FAANG companies. Has anyone else left a decent paying, interesting leadership role to chase (bad choice of words, investigate earning more) the money (while still in an impactful role)? How did it work out?

For my colleagues in similar roles ( managing ~80 people) what does your TC look like assuming you sell your stock and don’t sit on it?

- Updated-
Lots of good comments. Thread devolved!

I am fortunate, no argument there.

Yes, I could swing it on my income.

Top tier schools are starting to hit 50k+/year per student.

4 kids, so looking at a fair amount of money if I pay the bill.

I should have saved more, but my comp grew a lot once I joined Amazon. My old comp was much lower.

It is ok if I don’t pay, but if I can I would like to try.

This is not the only reason to make more money. I would be quite happy to retire earlier and buy a nicer home, travel more ... that is just an immediate cost coming up.

I have a decent gig, no complaints. If I can have a similar role for significantly more comp, why not?

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TOP 27 Comments
  • Apple AhiP31
    Let your kids pay for their own education. This is United States of America my friend.
    May 26, 2018 2
    • Amazon / Mgmt Truflshufl
      OP
      True. My student loans hounded me for a long time and I wish I could have started my career without that hanging over my head. But you are right, they will be fine even if I can’t foot the bill.
      May 26, 2018
    • New AMex31
      Letting your kids pay for their own education is why America (and the rest of the West) is falling behind.
      May 26, 2018
  • LinkedIn gohabo
    The comment threads on posts like this lead me to believe that Blind should have a forum / section for only people making over $500 TC.

    That way people could discuss things like this (e.g. 80+ reports for OP) without all of the "be happy with what you have" comments. And by the same token, young recent grads wouldn't feel intimidated by all of the posts by 10, 20 30 year industry veterans who are in a very different place in life.
    May 27, 2018 0
  • Merrill Lynch / Other taabeer
    **random honest comment**
    Joined Blind less than 48 hours ago and I continue to be amazed at the folks (like you) here..
    Still confused whether it should be daunting or inspirational 🤔🤔
    May 26, 2018 1
    • Amazon / Mgmt Truflshufl
      OP
      It is a butt ton of money compared to my previous role in a financial services company, if that’s what you mean. However, market rates are pretty good here these days.
      May 26, 2018
  • TuneIn Gfdcbhhjj
    Dude, how many kids do you have, if around 50- 60 then yes - you need find better paying job
    May 26, 2018 0
  • Apple John!
    What’s with all the new grads making $300k complaining about an l7 making $500k. It’s a lot less than what he should be getting for managing 80 people.
    May 27, 2018 0
  • Microsoft Prye34
    I don't get why 550 isn't enough here. College isn't cheap but it's 200 at most for 4 years in most places
    May 26, 2018 0
  • Oracle Alfalfa
    Unless you are sending your kids on a private SpaceX mission to Mars for College, you are really making a great pay. 550k is just unbelievable.
    May 26, 2018 0
  • Amazon 👻 Θ_Θ
    I am wondering that why 550K TC isn’t enough for college tution. And if it’s not enough then how much is enough
    May 26, 2018 0
  • This comment was deleted by original commenter.

    • Microsoft Pediasure
      Something doesn’t add up , you know there are single income <200k $ families with 2 kids going to college and still happy
      May 26, 2018
    • Amazon / Eng Am A Bot
      Most of us have to save for over a decade for college, not pay it out of our salary. OP you must not have planned or budgeted well.
      May 26, 2018
  • Amazon Maco
    Seriously WTF
    May 26, 2018 0
  • Apple AhiP31
    If your only aim is to make money at that level you would be pretty bad hire.
    May 26, 2018 1
    • Amazon / Mgmt Truflshufl
      OP
      I don’t think that I said that, but if it came off that way I miscommunicated. I would like to have an interesting role where I add value, but if I can do so at a higher comp that would be a big plus.
      May 26, 2018
  • New / Eng KSkj12
    I'm in a similar position and level. I am paying for my daughter's college now. My company, also known as her tuition, was destroyed when we ran out of money. So I'm paying out of salary now.

    50k per year. I am looking at changing positions for other reasons, but one aspect that concerns me is moving which may change her to an out of state tuition. Still looking into that.

    My current TC is a bit lower than 550k but we are used to living frugally. Its doable. That said, have the kids pursue scholarships wherever possible.
    May 28, 2018 0
  • Amazon ibeji
    I you can’t pay for college on 500k you’re not “doing it right.”
    May 26, 2018 0
  • Amazon gjgjgj
    Is your comp that high because of stock appreciation? Did you see a lower increase in stock for next year and on?
    May 26, 2018 3
    • Amazon / Mgmt Truflshufl
      OP
      I am looking at a similar comp through 2020 based on stock appreciation and a good grant in 2017 and 2018. After that who knows? Have to keep delivering results to keep it up.
      May 26, 2018
    • Amazon gjgjgj
      Issue is that Amazon is very stock heavy. If there is large decrease in stock then most amazonians will lose a huge chunk of tc
      May 26, 2018
    • Amazon / Mgmt Truflshufl
      OP
      Agreed. There’s a little of the “strike while the iron is hot” in this. Who knows how long comp will stay so high in tech?
      May 26, 2018
  • Twitch / Eng QwopChamp
    Did you only just start thinking about paying for college? If so, then yeah, you probably want to max things out salarywise, especially if they go to private school since total cost can be upwards of 65k a year these days
    May 26, 2018 1
    • Amazon / Mgmt Truflshufl
      OP
      Have been saving for a while, but if I can keep them from taking out any loans I would like to help them start out debt-free.
      May 26, 2018
  • Amazon huntdaunt
    What was the outcome of your investigation OP?
    Aug 13 0
  • Amazon Htrfc
    You’re making good money. Don’t overthink it.
    May 27, 2018 0
  • Microsoft Pediasure
    If you cannot pay for kids with such a high TC what about others ?
    May 26, 2018 0

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