My turn to get lowballed by Qualcomm

Broadcom Ltd. / Eng
headbanger

Broadcom Ltd. Eng

PRE
Intel, Broadcom Ltd.
headbangermore
May 8 40 Comments

Currently grade 9 at Intel and TC is $240K. Job is HW DV (SV/UVM). 18 YOE with masters. And location is east coast, Massachusetts where I currently work and live.

Qualcomm offer after rejecting the first one:
Senior Staff
Base: $170K
RSU: $75K over 3 years
Sign-on bonus: $35K
Retention bonus: $15K
Recruiter says annual cash bonus is 15% (which I highly doubt but let’s use that for the high end TC calculations)

So without the one time bonuses their TC is $220K which is a pay cut. With the one time bonuses it’s $270K but don’t forget there’s no RSU for the first year. So the actual first year TC is $245K.

What do you all think? All I know is I’m not taking a pay cut even though Intel sucks. I’m willing to walk away. Should I send the rejection by email or should I tell the recruiter over the phone?

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TOP 40 Comments
  • Broadcom Ltd. / Eng
    headbanger

    Broadcom Ltd. Eng

    PRE
    Intel, Broadcom Ltd.
    headbangermore
    OP
    Update: they’ve bumped up the TC:
    Base: $172K + 15% avg annual bonus
    RSU: $80.5K /3 yrs
    SOB: $35K
    Retention year 2: $15K
    Retention year 3: $15K

    I think I’m gonna go for it just to GTFO of Intel. It’ll be a much better experience for the next couple of years until the HW job market gets better in Massachusetts with Apple and Amazon expanding here.
    May 18 5
    • Synopsys batm@N1
      Is Amazon and Apple coming to Massachusetts?
      May 18
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Already here.
      May 18
    • Synopsys batm@N1
      Oh, i thought AWS hardware expansions were in bay area and Austin
      May 18
    • Samsung EternalACT
      Congrats on getting out of shittel.
      May 18
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Amazon bought a HW company called Blink here in MA.
      May 18
  • BluVector sparked
    Just send and email explaining how the offer falls short of your minimum requirements to make the switch and that you’re available for a call if the recruiter wants to dive into anything
    May 8 1
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      I already did that the first time around. He came back by sending me this written offer. The recruiter must be some kind of stupid. It simply playing dumb.
      May 8
  • Samsung EternalACT
    Just remember intel stock will drop by half in two years so your current TC is going to nosedive.
    May 8 5
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      The RSU portion of current TC is not that big of a component. You should know that better being a former Intel employee. Intel gives peanuts for RSU. Now what could be affected in TC is the multiplier for the bonus. It can nosedive.
      May 8
    • Samsung EternalACT
      240 TC means you got a sl2 or sl1 in the past few years so it could make a 10k or 20k difference. I know plenty of gr9 at 200 or 210 because of sl3 only focals, they probably couldn't care less.
      May 9
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      This is my first year at Intel. I haven’t even finished my 12 months yet. So I have the RSU grant at hiring and another focal RSU grant which was SL2 the default for the first year focal.
      May 9
    • Samsung EternalACT
      Not default but good for you. Keep looking, Intel is total trash.
      May 9
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      I know. You can tell by how quickly I’m trying to get out of it. We got re-orged twice in the 9 months I’ve been here. I’ve never been working on 3 different chips in such a short amount of time.
      But in the meantime I can’t shortsell myself. I already took a pay cut to move east coast for family reasons. I ain’t taking another pay cut.
      May 9
  • Nvidia monolith
    Horrible offer. Reject it.
    May 8 0
  • Broadcom Ltd. / Eng
    headbanger

    Broadcom Ltd. Eng

    PRE
    Intel, Broadcom Ltd.
    headbangermore
    OP
    Ok, here’s what bothers me: according to levels.fyi this offer is below both median and average TC. This is definitely a lowball even in their standard.
    May 8 3
    • Qualcomm / Eng
      ledom

      Qualcomm Eng

      PRE
      Intel Corporation
      BIO
      ASIC
      ledommore
      levels.fyi show average for senior staff is 230k in san diego. yours is 220k so its about right. what is the offer location?
      May 8
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Boston. Similar COL to SD. A bit lower state income tax.
      May 8
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      The high end of Sr Staff overlaps Intel’s grade 9’s low end. I should expect a high end Sr Staff offer. Not average.
      May 8
  • Apple / Ops
    freshmoney

    Apple Ops

    PRE
    Amazon
    freshmoneymore
    Not worth it, Intel has much better benefits such as sabbatical and is much more laid back.
    May 9 0
  • Bose sockerfan
    Grade 9 is super impressive .. good shit . Don’t think air a pay cut , call and negotiate more
    May 8 0
  • Synopsys batm@N1
    QC cannot meet intel grade 8 offer, i have seen that . They might add a couple of retention bonuses though
    May 8 7
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Wow not even for grade 8?! I wish I had known this. I wouldn’t have even approached them at all as a grade 9er
      May 8
    • Intel / Eng 007Agt
      what are you talking about? I was grade 8 at Intel, TC is below average.
      May 9
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Who? Me or the Synopsys fellow?
      May 9
    • Intel / Eng 007Agt
      Synopys fellow. I don't know where he got that info. When I joined as grade 8, I rejected the first offer. They came back 1 month later with slightly better offer
      May 9
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Who came back a month later? Qualcomm or Intel?
      Intel does lowball grades 8 and lower. Especially if you’re H1B.
      May 9
    • Intel / Eng 007Agt
      Intel. I'm not H1B guy. Few months after joining the team, skip level mgr scrutinized the TC 😮
      May 9
    • Synopsys batm@N1
      I had a G8 offer from SDG and TC was good , QC did not meet that
      May 9
  • Intel / Eng 007Agt
    Ask to increase base to 180K, sign-on 40K (1 year), RSU 80K.
    May 9 3
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Then year 2 and year 3 TC will be roughly $230K which is still the low end of my current TC. Only year 1 would be good.
      May 9
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Sorry year 2 would be $248K. Above my high end TC. You’re right with your numbers.
      May 9
    • Intel / Eng 007Agt
      Bonus seems better this year based on the revenue.
      May 9
  • Apple / Design
    Bames jond

    Apple Design

    PRE
    Marvell Semiconductor, ARM
    Bames jondmore
    Which team are you joining?
    May 28 1
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      Sorry, I DM that info only to people who’re already at Qualcomm.
      May 31
  • Qualcomm / Eng tarr
    With your YOE/current level, was there a particular reason you couldn't go for principal eng?
    May 28 1
    • Broadcom Ltd. / Eng
      headbanger

      Broadcom Ltd. Eng

      PRE
      Intel, Broadcom Ltd.
      headbangermore
      OP
      They said in order to qualify for principal one needs to have experience in 5G or GPU, whatever the group’s product is.
      May 28
  • Broadcom Ltd. / Eng
    headbanger

    Broadcom Ltd. Eng

    PRE
    Intel, Broadcom Ltd.
    headbangermore
    OP
    I was just thinking about what I read about negotiations strategies: whoever says the first number is the loser! Oh well, I guess in this case, this recruiter lost me ‘cause I ain’t signing that offer letter!
    By the way, it’s an exploding offer that expires in a few days. Let it explode!
    May 9 0
  • Broadcom Ltd. / Eng
    headbanger

    Broadcom Ltd. Eng

    PRE
    Intel, Broadcom Ltd.
    headbangermore
    OP
    Question for the Qualcomm peeps: is the 15% annual cash bonus realistic for a Sr Staff? Or is it trending more around 10%?
    May 9 0
  • Broadcom Ltd. / Eng
    headbanger

    Broadcom Ltd. Eng

    PRE
    Intel, Broadcom Ltd.
    headbangermore
    OP
    More details of the offer:
    Both one time bonuses have 24 month conditions. The retention one is not even prorated. And you get it in the 13th month.
    May 9 0

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