I have an offer from Google for L5 PM in Southern California for $265K (150 / 15% / 370k) + $30K in first year signing bonus. I'm wondering: 1) Is this a good offer? It feels low based on my research, but most of the data out there is for Mountain View. 2) I have the option to forego the signing bonus and increase my stock by the same amount (so 150 / 15% / 400K). Other than the obvious change in vesting schedule, what are the long-term pros/cons to increasing equity vs taking a signing bonus? For context - I have 2 competing offers: one at a major movie studio and one at a Series A startup. YOE Overall: 11. As PM: ~2-3 (I had a hybrid role for a long time). Thank you!
Company?
Oops! Sorry about that - Google. I'll update the OP
Didn’t know google had a socal office. Irvine or LA?
Same cash to stocks has no value. You can use the same cash to buy stocks on your own. It doesn't make sense. If the exchange is at least 3x then it is worth the wait for 4 year vesting.
That’s what I was thinking too. I wasn’t sure if pushing the money into equity had an impact on refreshers, such that it ends up compounding.
@googanon - are you willing to share your TC?
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Yoe?
Overall: 11. As PM ~2-3 (I had a hybrid role for a long time).
Taking the signing bonus guarantees that you will get straight up cash. Using that into 400K will take 4 years to vest which means you will get 30K/4 7.5k every year if you stay in the company. I would take cash because I can straight away invest in Google if I want to.