Is this good offer for San Francisco?
I have got the following offer from a Pre IPO firm but over 10 years in market.
Role: Senior software engineer
Relocation: upto 10k based on expenses
Sign in bonus (in lieu of relocation) : 10k
Annual bonus: upto 10%
Options: 5000 over 4 years. 25% per annum.
Strike price: not sure
Discretionary time off (supposedly unlimited)
401k : 100% match for first 3% employee contribution after one year. 50% for next 2%.
I am currently single (no dependents) in Chicagoland area in Senior software engineer role in 120k-125k band. I have about 5 years of total work experience with 3.5 years in current company.
Is this offer in accordance with the compensation market for bay area?
Will it be wise move to move to bay area with this package? How much can I negotiate with this?
I am courting with one other company (financial, NY) and expecting an offer in couple of days.
Looking forward for guidance from experienced people here.