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!
It's not amazing, but it's not a lowball either — it's pretty good. London TCs are laughable compared to US.
Isn’t London’s COL similar to that of Bay Area and NYC? Why is TC so much lower?
COL is definitely more similar than the TC. Only traders and finance people seem to be paid £100k+
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.
It’s good for London.
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.
Thanks! I feel however that getting £100k as a newgrad is literally impossible, don’t you think?
That's true. But if your intention is to get to US from this job then you are fine.
Looks good. It's London, not US. TC is much lower there.