Move to bay area?

American Express / Eng
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American Express Eng

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JPMorgan Chase & Co., Bank of America
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Jan 16 41 Comments

I'm making about 260k TC in AZ and have an offer for 420k TC at a bay area company. Using paycheckcity.com salary calculator, my net pay difference would be ~60k after taxes. If I'm going to pay $2-2.5k more in rent, I am really only making 30k extra and half of it would wipe out because of cost of living differences.
The way I look at it is that it is only a 15k hike which doesn't seem worth a lot considering I would also be leaving my solid social circle behind and also leaving a very chill wlb at my current company. Let's just say future growth in TC by living in Bay area is not taken into account.

Am I looking at this wrong way? What aspect am I missing in my analysis?

TC: 200k, 15-20% bonus target, rsu $760k for 4 year, vest at 25% per year.

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TOP 41 Comments
  • Oracle zyfxx
    260k in AZ - I wouldn't move. It's a no-contest considering col, infrastructure, traffic, and social life impact. Focus on what you can score where you are instead!
    Jan 16 0
  • New tLFu71
    You will have a massive quality of life drop. Highly advise against the move. The Bay Area is not a good place to live. Also keep in mind the toxic cancerous liberal politics of the state and area.
    Jan 16 3
    • Logitech Sigurd
      Keep in mind that OP might not share your cancerous political views?
      Jan 16
    • Lending Club qwerty456
      Why is bay area not good place to live
      Jan 16
    • Dropbox king3
      This is true. Bay living sucks arse.
      Jan 19
  • Facebook tGTv63
    I would not move especially given your solid social circle and great wlb.
    Jan 16 0
  • Amazon / Eng Bezos😘
    $2.5k rent? Are you going to be sharing a room with 7 strangers in the Tenderloin?
    Jan 16 4
    • Splunk
      MrSplow

      Splunk

      PRE
      Microsoft
      MrSplowmore
      Amex said “more in rent”. I’m guessing he/she isn’t paying zero now
      Jan 16
    • Akamai Technologies / Eng Trn
      OP’s probably paying 1000-1200. For 3.7K, you can easily rent a 2 br pretty much anywhere in Sbay
      Jan 16
    • New / Eng |l|l||l|l|
      OP said 2-2.5k MORE in rent
      Jan 16
    • Intel / Eng xdCS17
      The calculation significantly changes if you base it on different types of housing. Want a nice 2500 sqft house in a good school district? Need to be making like $200-250k more in the bay just to have the same effective income.
      Jan 16
  • Google ekdjrj
    What about additional yearly stock refreshers? I assume splunk has them. With those at 200k per year (normal for your numbers), your TC for next four years would be 470, 520, 570, 620. You will have base increases as well. Also if you lose that job in AZ, how easy it would be to find another with similar pay there? In Bay Area it’s much easier.
    Jan 16 2
    • American Express / Eng
      Swoosh!

      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      Good point. I hadn't factored that in.
      Jan 16
    • Oracle zyfxx
      You've never seen a downturn, have you? I moved a long time ago with similar reasoning. One crash is all it takes for a company's principles and values to get tested and often thrown out the window. Who guarantees refreshers and base pay increases?
      Jan 16
  • Splunk
    MrSplow

    Splunk

    PRE
    Microsoft
    MrSplowmore
    Splunk has pretty great WLB but the social circle argument is hard to dismiss. Do you enjoy the work you do now at Amex?
    Jan 16 4
    • American Express / Eng
      Swoosh!

      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      Yes it's very fulfilling to me and I've plenty of opportunities to play around with different tech.
      Jan 16
    • Synopsys wFatDuck
      If you are fulfilled why move?
      Jan 16
    • American Express / Eng
      Swoosh!

      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      Don't really have a strong reason
      Jan 16
    • Synopsys wFatDuck
      Then don't. Wlb and good social circle have a lot of value and gets harder to replace as you grow older
      Jan 16
  • Netflix FoofooMoo
    Stay in AZ
    Jan 16 0
  • LinkedIn 紅色貓咪
    You’re an idiot if you move
    Jan 16 0
  • Google / Eng yogi bear
    i would stay at AZ for 260k, that is a no brainer for me personally
    Jan 16 0
  • Uber serf
    Nah, not worth it. I’d stay back in Arizona.
    Jan 16 0
  • Apple Boingboing
    This completely depends on what you are looking for in your career. If you are looking to network and grow in your career, there is no better place at the moment for software engineers. The amount of energy and VC money here is ridiculous. If you want to coast and career is not a priority, I would stay put and enjoy your life. 😊
    Jan 16 0
  • Google oVCC10
    Is that kind of pay common for non-director roles (or are you in such a role)? Was thinking of moving to tx but assumed I could never come close to $200k without tons of experience
    Jan 16 3
    • American Express / Eng
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      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      I'm Staff here equivalent to Director
      Jan 16
    • Pinterest darker1
      Staff in the Bay Area is not equivalent to director
      Jan 16
    • Indeed Econ500
      It depends entirely on the company.
      Jan 16
  • Oracle Pearman
    Which company are u moving for. ? 420k how much part of it is stocks / rsu, because stocks are taxed differently
    Jan 16 3
    • Logitech Sigurd
      Seems like OP is considering Splunk
      Jan 16
    • American Express / Eng
      Swoosh!

      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      Edited the post with TC details. Company is Splunk
      As per my knowledge rsu are taxed as regular income whether I sell them or not on the date I receive them.
      Jan 16
    • Pinterest darker1
      That is correct.
      Jan 16
  • You haven’t mentioned if you have kids/family? That would be a factor if you need to consider schools here.
    Jan 16 1
    • American Express / Eng
      Swoosh!

      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      Single af
      Jan 16
  • Amazon gaandu
    just use the external offer to negotiate with your current company and make up for that 15K difference. That way everyone wins :)
    Jan 16 1
    • American Express / Eng
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      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      I am already at the highest compensation in my band and there is not enough space for negotiation
      Jan 16
  • RingCentral
    Duck-Bezos

    RingCentral

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    Yahoo, Oath
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    One life to live!
    Duck-Bezosmore
    YOE?
    Jan 16 1
    • American Express / Eng
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      American Express Eng

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      JPMorgan Chase & Co., Bank of America
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      OP
      10 yoe
      Jan 16
  • NAVEX Global HollaBackG
    If you want to ramp up your career, come to SF. There is so much opportunity here. Splunk has a nice office by the Baseball stadium.
    Jan 16 0
  • Amazon fvnj74
    Just to contrast other comments, think about it this way: you could go to Bay Area, develop your career a couple of years, and go to AZ with a 50-100k salary bump.
    You are already senior- principal level but you shouldn't underestimate the lifelong impact on your career of this kind of move.
    Jan 16 0
  • New DvVM00
    “only” 30k bump
    Jan 16 0

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