I am a Masters in EE with 9 years of relevant experience.
I am looking to move to Bay Area and received an offer from Intel at Grade 7 -
High cost of living location: 13k
Annual bonus : 7k
Quarterly bonus : 7k (total over a year)
Signon : 19k
I am feeling disappointed with the offer as I think I should be offered a Grade 8 position with a total compensation of 220k.
Is my expectation about job grade and pay reasonable?
Any Intel folks who know about the job grades, I will appreciate your insight.
- Free bananas, oranges, and apples. Oh yeah and peanuts for salary. They got rid of all plastic or paper cups and utensils starting today in the Bay Area (already been going on in Oregon and other geos). We're like circus animals being managed by clowns. That's why you get clown code and clown hardware from us. Even BK was known as "clown shoes" in the Intel company forum, among other epithets (Intel Inside Trader, Brian Krapsandwich, VP of Diversity Banger, etc).
BTW, Intel management is seriously clueless about market pay in the Bay Area for talented engineers. There were many posts in the Intel internal forum about this, how frontline managers reported to upper management that below market pay was causing talent to flee in droves. Upper management either was oblivious or didn't give a shit because their whole plan is to outsource as much as they can to Bangalore.
Even the AI group head Naveen talked about how it was a daily struggle to attract and retain talented AI SWEs (more than 50% of his original Nervana engineering team left already). Duh you dummy, while you use Intel's marketing expense account to fund your Ferrari racing team, you pay peanuts to talented SWEs. Of course they are going to GTFO.
- I was at Intel for a long time. I took the VSP and went to Broadcom for a few years and I am back at Intel again and I can see nothing has changed much. The same crappy management. The same toxic politics played at higher grades and management. And still low pays. They need to loosen up on RSUs. That’s how other companies pay to attract talent especially in places like Bay Area and Austin.
Whatever happened to site consolidation? Why am I still working with 3 different sites in 3 different time zones?! I guess BK was full of it and did nothing to improve Intel. Why do they still have non technical managers who don’t understand crap when you try to explain things to them?!
One of the 1st level managers was telling me: “oh I remember the time when I had to pay 2 bucks and change for a Dunking Donut’s coffee before coming to Intel. Isn’t it great we have free coffee and fruits?”. I actually gave him a dirty look but I was dying to yell out: are you freaking kidding me? Every company, small or big, I worked for had free coffee. Cut the crap and show me the money!
Anyway, I don’t think I can stand this for more than 2 years this time around. Especially if they’re still in the habit of giving 2% raise 😂Dec 12
- Mainly location. I need to be close to my old parents in the east coast.
Also Broadcom is not a great place to work at after Hock Tan took over. Yes he gives you a lot of RSUs but they’re just a carrot on the stick. He lays off engineers right before the vesting dates. Layoffs also mean more workload because the amount of work doesn’t change. 0 WLB and top it up with the fear of getting laid off just before the annual bonus and RSU vesting dates. That is by far worse than Intel’s work environment. As soon as I got my 2018 RSUs vested, I left.
BRCM was a good company before Avago took over and I really enjoyed working there my first few years.
- Decline, even poor EDA industry pays more. Better switch to SW company, HW is done regardless if it's Intel, Nvidia, Arm, or Amd
- Intel hey now!g8 & g9 ranges are much wider on lower end.
Stock by grade level
7: $8500, $13500, $23400
8: $13500, $20000, $37000
9: $20000, $30200, $54000
10: $30200, $50000, $95000
11: $50000, $95000, $175000
5: $67.6k to $101.2k
6: $76.1k to $121.5k
7: $87.1k to $144.1k
8: $100.5k to $166.3k
9: $117.7k to $200.3k
10: $135k to $236.4k
11: $164.6k to $288k
7: 2% to 4.5%
8: 3% to 6.5%
9: 4% to 10%
10: 7% to 15%
11: 11% to 19%7d1
- Wow thanks for the ranges, real useful.
To add to this, to calculate TC, add about 10% base for quarterly bonus. Then add annual bonus (APB% * base * 3).
I calculated a ~upper-middle TC below:
TC is not bad for a low cost geo like AZ or OR. Issue is that Intel does not scale cost of living correctly to Bay Area locality, where you'd need at least +$70k.7d0
- That is a horrible offer for Bay Area. Do you need an H1B transfer or something? Because only something like H1B could explain the lowballing. And if you’re willing to move to Bay Area, why not apply for Apple, Google, Microsoft, Facebook or Amazon? They have HW jobs too. I wish I could move to Bay Area or to Austin but I had to move east coast to be closer to my family. Here’s the Intel offer I took in Boston a few months ago:
MSCE, 18 YOE, Grade 9:
Annual bonus: 15% of base, give or take 3%
Quarterly bonus total: 10% of base, give or take 2%
RSU: 50K over 4 years
I am still not fully happy with it and I am hoping I can join Amazon in Boston in a year or two.
- It is at the low end of the G9 range you yourself mentioned earlier (excluding sign-on because it’s only for the first year). Don’t forget there’s no GEO for Hudson, MA.
And I am assuming you take into account the bonuses and RSU when you calculate the TC as you’re supposed to.
- Intel beekayMaster new grad join at g5. With 9yoe g7-g8 seems reasonable. G7 has 13% geo which gets added to base and bonus. In addition you will get 10k-20k rsu each year. Also 5% retirement contribution. In the end your TC looks like around 170k - 180k which is very reasonable for g7. I would think your interview didn't go as well to be offered g7 instead of g8.
- Intel #IronManThis is very bad offer, ask for 125K base + 13% Geo(high cost of living).
Quarterly Bonus is good but it depends on company performance. It will be more than 7K for sure if company does well
You will also get Annual Performance Bonus again depending on company performance.
Ask for joining RSU