London new grad offers

Twitter OLFA36
May 15 13 Comments

Hi,

Got an offer from public US company that has an office in London. £53k base, around £60k RSU (4y), no sign-on, 10% target bonus, and a few thousand in relocation allowance (not cash). First year earnings at around £73k ($94k). I will probably look to get transferred to US on L1 after a year.

Is it a low ball offer?

What to expect from bigco/startups in London?

Thanks!

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TOP 13 Comments
  • New / Eng vusn92
    Isn’t London’s COL similar to that of Bay Area and NYC? Why is TC so much lower?
    May 15 3
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      OLFA36

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      OP
      COL is definitely more similar than the TC. Only traders and finance people seem to be paid £100k+
      May 15
    • Qualcomm NqAf57
      Lower comp across Europe as there is a smaller market of high paying companies for SWE skills. Even FB and Google pay less in Europe (in general) than they do in the USA because they don't need to match the offers given to US employees. They merely have to beat the local market, which doesn't pay much in the first place.
      May 15
    • New / Eng vusn92
      How do people work at FB/ G (even at the highest paying tech companies) in London and survive?
      May 15
  • Amazon . 𓂸
    Pretty good for new grad! Don't believe the bsshitters here, you won't be able to negotiate much more (if any). Bite the bullet, do your tenure and relocate on L1.
    May 15 1
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      OLFA36

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      OP
      Thank you so much, this helps me to relax a bit 🙏
      May 15
  • Microsoft TonyStark♡
    You won't have much savings for sure. Try for TC 100k atleast. Else you need to think before even spending for coffee. It's really expensive in London.
    May 15 3
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      OLFA36

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      Thanks! I feel however that getting £100k as a newgrad is literally impossible, don’t you think?
      May 15
    • Microsoft TonyStark♡
      That's true. But if your intention is to get to US from this job then you are fine.
      May 15
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      Thanks 🙏
      May 15
  • Microsoft rand(NULL)
    Looks good. It's London, not US. TC is much lower there.
    May 15 0
  • New / Eng FamazonANG
    It’s good for London.
    May 15 0
  • New tQIi02
    It's not amazing, but it's not a lowball either — it's pretty good. London TCs are laughable compared to US.
    May 15 0